From Yahoo Finance: 2025-06-11 09:04:00

SailPoint’s shares surged in premarket trading after reporting higher-than-expected revenue and an adjusted profit for its fiscal 2026 first quarter, beating analyst estimates. The company also raised its full-year revenue and adjusted EPS projections, leading to a 12% jump in share prices.

With revenue reaching $230.5 million, up 23% year-over-year, SailPoint posted an adjusted profit of one cent per share, surprising analysts who had predicted a loss of the same amount. The company forecasted second-quarter adjusted EPS of $0.04 to $0.05 and revenue of $242 million to $244 million, both exceeding estimates.

SailPoint increased its fiscal 2026 adjusted EPS outlook to $0.16 to $0.20 and raised its full-year revenue projection to $1.034 billion to $1.044 billion. Despite the positive news, SailPoint shares were down over 10% from their IPO price of $22 entering Wednesday.

Read more: SailPoint Stock Surges as Identity Security Firm Tops Estimates, Raises Outlook