SailPoint prints tomorrow. The underwrite is already on the Q1 sheet.
Company IR: SailPoint (NASDAQ: SAIL) will report fiscal second quarter 2027 results and outlook before U.S. markets open on Wednesday, September 9, 2026, with an 8:30 a.m. Eastern conference call and webcast on investors.sailpoint.com. That is the calendar. Everything below is how to read the print; the company has not broken out agent ARR.
Baseline — fiscal Q1 2027 ended April 30, from the SEC Exhibit 99.1 release. Total ARR $1,163 million, up 26% year over year. SaaS ARR $781 million, up 36%. Total revenue $280 million, up 22%. Subscription revenue $266 million, up 23%. GAAP operating loss $(80) million, or (28)% of revenue, versus $(185) million, or (80)%, a year earlier. Adjusted income from operations $38 million, or 14% of revenue, versus $24 million, or 10%. Cash from operations $38 million. Free cash flow $33 million. Those are the clean public marks. The exhibit did not print net retention, AI attach, or non-human identity revenue lines.
What management already guided for the quarter that prints Wednesday, from that same Q1 outlook table: Q2 total ARR $1,218 million to $1,222 million — about 24% year-over-year growth. Q2 total revenue $308 million to $312 million — 17% to 18%. Adjusted income from operations $56.5 million to $57.5 million; adjusted operating margin 18.1% to 18.7%; adjusted EPS $0.07 to $0.08. Full-year FY27: ARR $1,364 million to $1,374 million (21% to 22%); revenue $1,265 million to $1,275 million (18% to 19%); adjusted operating income $239 million to $244 million; adjusted EPS $0.30 to $0.34. The Q2 print is a guide-check first. Beat-and-raise is a second question.
Street context, labeled: Benzinga lists a Q2 EPS estimate of $0.08 and quarterly revenue estimate of about $309.75 million — inside the company's $308–$312 million guide band. Yahoo Finance consensus snapshots around the same ~$310 million revenue / $0.08 EPS neighborhood. Use those as third-party estimate prints, not as whisper diligence. EarningsWhispers-style whispers in Latest Deals can sit next to Street; they still are not the company's number until the release drops.
Narrative from the Q1 release, not an ARR split: CEO Mark McClain framed a unified framework for human identities, cloud resources, and autonomous AI agents, and tied regulatory pressure on non-human identities to demand. That is the identity-plus-agents story the category wants. It is not a disclosed AI ARR line. After a week where Cyera closed Oasis at $1 billion for data-plus-NHI and Okta argued the specialist identity case on its own beat-and-raise, SailPoint's job on Wednesday is simpler and harder: show the ARR path still compounds at mid-twenties while SaaS mix keeps climbing — without asking the Street to underwrite an agent slide.
POV: identity is where platform tax and specialist premium collide. Palo Alto bought privileged access. Okta tucked ITDR. Cyera paid a private billion for Oasis. SailPoint is the public IGA / identity security print with $1.16 billion of ARR already on the board. Ask whether Wednesday's ARR lands in the $1,218–$1,222 million guide, whether SaaS ARR growth stays near the Q1 36% clip, and whether FY27 revenue guidance holds or moves. Agent attach: Undisclosed. Underwrite sheet: print date Sep 9 BMO; Q1 ARR/SaaS/rev/margins as above; Q2 and FY27 guide as above; Street ~$310M / $0.08 (Benzinga). Sources: the EX-99.1 and the earnings-date release. Identity's public underwrite is the ARR path. Everything else is color until it prints.