Samsara Inc. Reports Q2 FY2027 Earnings: ARR Reaches $2.125B (+30% YoY) with Fourth Straight Quarter of GAAP Profitability

Samsara Inc. (NYSE: IOT) Q2 FY2027 Earnings Summary

Samsara Inc. filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits), releasing its financial performance for the second quarter ended August 1, 2026.

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Key Financial Highlights

• Revenue: Reported at $508.4 million, up 30% year-over-year (29% in constant currency), compared to $391.5 million in Q2 FY2026.
• Annual Recurring Revenue (ARR): Reached $2.125 billion, representing 30% year-over-year growth.
• Net New ARR: Delivered $134.1 million, increasing 28% year-over-year.
• Large Customer Growth: Customers with ARR exceeding $1,000,000 generated more than $500 million in ARR, growing over 50% year-over-year for the third straight quarter.
• Profitability:
  • GAAP Operating Income: $4.9 million (1% margin), up from a GAAP operating loss of $(26.6) million in Q2 FY2026.
  • Non-GAAP Operating Income: $106.0 million (21% margin), compared to $59.7 million (15% margin) in the prior-year period.
  • GAAP Diluted EPS: $0.03, marking the fourth consecutive quarter of GAAP profitability.
  • Non-GAAP Diluted EPS: $0.20, compared to $0.12 in Q2 FY2026.
• Cash Flow:
  • Operating Cash Flow: $73.5 million (14% margin), up from $50.2 million in Q2 FY2026.
  • Free Cash Flow: $64.7 million (13% margin), compared to $44.2 million in Q2 FY2026.

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Guidance & Outlook

Q3 FY2027 Guidance

• Total Revenue: $514 million – $516 million (~24% YoY growth; 23%–24% in constant currency).
• Non-GAAP Operating Margin: ~21%.
• Non-GAAP Diluted EPS: $0.18 – $0.19.
• GAAP Diluted EPS: GAAP Profitable.

Full Year FY2027 Guidance

• Total Revenue: $2.043 billion – $2.047 billion (~26% YoY growth).
• Non-GAAP Operating Margin: ~21%.
• Non-GAAP Diluted EPS: $0.76 – $0.78.
• GAAP Diluted EPS: GAAP Profitable.