SailPoint shares declined 0.5% to $17.70 on Wednesday after falling 5.5% Tuesday, bringing the stock's year-to-date decline to 12% and its monthly drop to 14%. The identity security provider reported fiscal second-quarter revenue of $308.81 million for the quarter ended July 31, up 17% from a year earlier but below the $310.3 million consensus. Adjusted earnings per share reached $0.09, beating the $0.08 forecast and improving from $0.07 a year earlier. Annual recurring revenue rose 25% to $1.231 billion, while SaaS ARR increased 36% to $847 million. AI-powered ARR exceeded $70 million and accounted for more than 30% of net new ARR. SailPoint raised its fiscal 2027 ARR forecast to a midpoint of $1.38 billion and reaffirmed its fiscal 2029 goals. Analysts largely maintained positive ratings, with price targets ranging from $18 to $25. The company also completed its acquisition of Entro Security and plans to integrate its non-human identity and credentials security capabilities into its platform.