Week Ahead - April Quarter Earnings (SAIL)

Research evidence excerpt

Week Ahead - April Quarter Earnings (SAIL)

I N D U S T R Y N O T E

J u n e 7 , 2 0 2 6

Security & Infrastructure Software

CONCLUSION Rob D. Owens

We wrap up 1Q earnings in our coverage with SAIL reporting this week. Last week’s Sr. Research Analyst, Piper Sandler & Co.

results were broadly healthy, with CRWD, PANW and NTSK delivering relatively solid prints 503 275-8317, rob.owens@psc.com

supported by AI security momentum, though some disappointment came from magnitude of Ethan D. Weeks, CFA

upside & guidance updates vs. elevated expectations. DOCU and GTLB were more mixed, Research Analyst, Piper Sandler & Co.

503 275-7797, ethan.weeks@psc.comas modest upside and longer-term execution concerns kept investor enthusiasm in check.

Looking ahead, we expect some level of upside to SAIL’s 1Q results and a slight upward Aidan M. Perry

Research Analyst, Piper Sandler & Co.

adjustment to the full-year guide. 503 275-8309, aidan.perry@psc.com

The following companies in our coverage report this week: Related Companies: Share Price:

CRWD 671.02

• SailPoint (SAIL) - Tuesday, June 9, 2026 at 5:30am PT. Checks showed a move lower DOCU 47.26

in net score, as below plan increased by 21 points from 0% LQ and above plan increased GTLB 31.12

NTSK 9.63 only by 10 points to 29%. SAIL recently announced a new integration with the Claude

PANW 272.05

Compliance API that gives Claude Enterprise customers visibility and governance over SAIL 18.24

users, roles, groups and AI agents through SailPoint Identity Security Cloud. We believe

results will come in modestly ahead of expectations and for the full year guide to see INDUSTRY RISKS

a slight raise. Poor macroeconomic conditions could impact

the capacity for enterprise IT investments and

the health of supporting ecosystem partners