SailPoint (SAIL) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and SailPoint published the results on September 9, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. SailPoint reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• SailPoint's fiscal year ends January 31, so Q2 fiscal 2027 is the three months ended July 31, 2026.
• SailPoint went public in February 2025. Per-share figures for periods before its Corporate Conversion that month were retrospectively adjusted, and the first half of fiscal 2026 includes a Class A yield charged to common stockholders.

Source: SailPoint Q2 fiscal 2027 results, September 9, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How SailPoint splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• SailPoint's Subscription revenue was $295 million in Q2 fiscal 2027, up 19% from $248 million in Q2 fiscal 2026, 96% of total revenue.
• SailPoint's Services and other revenue was $13.6 million in Q2 fiscal 2027, down 17% from $16.4 million in Q2 fiscal 2026, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

SailPoint gives its outlook as a table in the release. For Q3 fiscal 2027: total ARR of $1,288 to $1,292 million, revenue of $326 to $330 million, adjusted income from operations of $57.5 to $58.5 million and Adjusted EPS of $0.07 to $0.08. For fiscal 2027: total ARR of $1,375 to $1,385 million, revenue of $1,265 to $1,275 million, adjusted income from operations of $239 to $244 million and Adjusted EPS of $0.30 to $0.34. The quotes below are the fiscal 2029 targets SailPoint reiterated, first given at its June 2026 Investor Day.

In its Q2 fiscal 2027 release, SailPoint said:

“At least $2.1 billion of ARR”

“At least $800 million of AI-driven ARR”

“At least 22% adjusted operating margin”

“At least $400 million of free cash flow”

Source: SailPoint Q2 fiscal 2027 release, Sep 9, 2026.

This is the company's own guidance as of Sep 9, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SAIL forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and GAAP net loss per share (basic and diluted), each as first reported in that quarter's release.

SailPoint's next report is expected around December 15, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Sep 9, 2026

SailPoint sells identity security software, and subscriptions made up $295.2 million of its $308.8 million revenue in Q2 fiscal 2027, up 19% from a year earlier. SaaS was the largest piece at $193.9 million, up 34%. Term subscriptions brought in $56.2 million (down 3%), maintenance and support on perpetual licenses $35.5 million (down 8%) and services and other $13.6 million (down 17%). (SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

The mix is moving to SaaS as customers migrate from self-managed software. SaaS ARR rose 36% to $847 million out of total ARR of $1.231 billion, and net new SaaS ARR was 97% of net new ARR. SailPoint said more than two-thirds of migrations completed in the quarter included an AI-driven solution, and AI-driven ARR exceeded $70 million. (SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

Term licenses are recognized upfront when the customer takes control of the software, while SaaS and support are recognized ratably. In Q2 fiscal 2027, $35.7 million of revenue was recognized at a point in time and $273.1 million over time. Remaining performance obligations grew 30% to $1.9 billion, and current RPO 27% to $931 million. (SailPoint Form 10-Q, Q2 fiscal 2027, Sep 10, 2026; SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

The United States accounted for $205.1 million of Q2 fiscal 2027 revenue, EMEA $62.5 million and the rest of the world $41.2 million. SailPoint's 10-K says its customers represent 53% of the Fortune 500 and that no customer accounted for more than 10% of revenue in fiscal 2026. (SailPoint Form 10-Q, Q2 fiscal 2027, Sep 10, 2026; SailPoint Form 10-K, fiscal 2026, Mar 19, 2026)

SailPoint reported a GAAP net loss of $50.4 million, or $0.09 per share, in Q2 fiscal 2027, against $10.6 million, or $0.02, a year earlier. The wider loss came with a smaller income tax benefit, $6.8 million against $31.3 million, while the GAAP operating loss grew to $59.0 million from $40.8 million. (SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

Adjusted EPS was $0.09, against $0.07. The gap to GAAP is mostly two non-cash items SailPoint excludes: $68.3 million of equity-based compensation and $51.0 million of amortization of acquired intangible assets. It also excludes a $2.5 million restructuring expense and the tax effect of those adjustments. (SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

Weighted average shares used in GAAP per-share figures were 568,113 thousand, against 555,757 thousand a year earlier; adjusted EPS used 569,247 thousand diluted shares. (SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

SailPoint guides one quarter and the fiscal year ahead in a table in its release. For Q3 fiscal 2027 it guided revenue of $326 to $330 million, total ARR of $1,288 to $1,292 million and Adjusted EPS of $0.07 to $0.08. For fiscal 2027 it guided revenue of $1,265 to $1,275 million and Adjusted EPS of $0.30 to $0.34. (SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

SailPoint also reiterated the fiscal 2029 targets from its June 2026 Investor Day: at least $2.1 billion of ARR, at least $800 million of AI-driven ARR, at least a 22% adjusted operating margin and at least $400 million of free cash flow. (SailPoint Q2 fiscal 2027 release, Sep 9, 2026)

A consensus figure is the average of the models published by the analysts who cover SailPoint, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones SailPoint's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SAIL is on is SAIL a buy or a sell?, what analysts expect next is on the SAIL forecast, and what the company does is on the SailPoint (SAIL) stock page.

Every number on this page can be traced to a document SailPoint published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.