BTIG analyst Gray Powell notes that SailPoint (SAIL) reported better-than-expected Q2 results and increased full-year guidance across all key metrics. Most notably, SailPoint reported Q2 ARR of $982M/+28.0% year-over-year well above the firm’s estimate of $966.0M/26.0% and Street at $965.5M. Looking forward, the company increased its FY26 ARR guidance to a midpoint of $1,110M/+26.6% year-over-year from $1,100M previously. The updated outlook implies net new ARR additions of $233M/+19% in FY26, which BTIG thinks is a positive leading indicator. All in, the firm thought it was a very good report. BTIG reiterates a Buy rating on SailPoint.
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