Companies /Technology

Samsara Inc - Class A

NYSE: IOT Software - Infrastructure
$41.82
â–² $1.98 (+4.96%) today
Markets open · 12:54pm ET

Q1 2027 Earnings

Reported Jun 4, 2026, 4:12pm ET · SEC source
$0.17
Beat +30.47%
EPS · est. $0.13
$478.8M
Beat +5.20%
Revenue · est. $455.2M
+4.4%
Beating market
IOT vs S&P since report
8 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%+8%Jun 4Jun 5report 4:12pm ETearnings−2.8%−0.5%
−4%0+4%+8%Jun 4Jun 5earnings−2.8%−0.5%
IOT −0.5%S&P 500 −2.8%
−4%0+4%+8%Jun 4Jun 5report 4:12pm ETearnings−5.3%−0.5%
−4%0+4%+8%Jun 4Jun 5earnings−5.3%−0.5%
IOT −0.5%NASDAQ −5.3%
−6%0+6%+12%Jun 3Jun 12report 4:12pm ETearnings−1.9%−0.7%
−6%0+6%+12%Jun 3Jun 12earnings−1.9%−0.7%
IOT −0.7%S&P 500 −1.9%
−6%0+6%+12%Jun 3Jun 12report 4:12pm ETearnings−2.3%−0.7%
−6%0+6%+12%Jun 3Jun 12earnings−2.3%−0.7%
IOT −0.7%NASDAQ −2.3%
−1.16%
Day of report
−2.13%
Next session
−3.28%
One week
+6.29%
30 days

S&P 500 over the same 30 days: +1.92%.

Did IOT Beat Earnings? Q1 2027 Results

Samsara kicked off fiscal 2027 with a strong quarter, posting Q1 revenue of $478.84 million, up 30.5% year over year and ahead of the $455.17 million consensus by 5.20%, while non-GAAP EPS of $0.17 beat the $0.13 estimate by 30.47%, extending the company's streak of consensus EPS beats to five consecutive quarters. The results were powered by continued momentum in Samsara's Connected Operations Platform, with Annual Recurring Revenue reaching $1.99 billion on 30% year-over-year growth, alongside a meaningful swing to GAAP profitability, with net income of $44.51 million compared to a net loss of $22.12 million a year ago. A $30.33 million arbitration award against Motive Technologies provided a one-time lift, though management noted it expects full-year GAAP profitability even excluding that gain. Non-GAAP operating margin expanded to 19% from 14% a year ago, reflecting improving operating leverage. Looking ahead, Samsara guided full-year FY2027 revenue of $2.01 billion at roughly 24% growth, with non-GAAP EPS of $0.70 to $0.72.

Key Takeaways
  • 31% year-over-year revenue growth driven by subscription expansion
  • Net new ARR of $100.7 million, up 30% year-over-year
  • Ending ARR of $1.991 billion with 30% year-over-year growth
  • Non-GAAP operating margin expansion to 19% from 14%
  • GAAP operating income of $7.2 million vs. GAAP operating loss of $33.3 million a year ago
  • $30.3 million gain from Motive arbitration award

“Samsara delivered a strong Q1, approaching $2B in ARR with 30% growth and GAAP EPS profitability for the third consecutive quarter.”

Samsara CEO, on the earnings call

Forward Guidance & Outlook

For Q2 FY2027, Samsara expects total revenue of $482 million to $484 million (23-24% YoY growth), non-GAAP operating margin of 18%, non-GAAP EPS of $0.15-$0.16, and GAAP profitability. For full-year FY2027, the company guides total revenue of $2.005 billion to $2.013 billion (24% growth), non-GAAP operating margin of 20%, non-GAAP EPS of $0.70-$0.72, and expects GAAP EPS profitability for the year even excluding the $30 million Motive arbitration award. Constant currency impact is expected to be a $3 million positive impact for Q2 and $11 million positive for the full year.

IOT YoY Financials

Q1 2027 vs Q1 2026 · SEC filings Q1 2026 Q1 2027
$0$200.0M$400.0M$366.9M$478.8MRevenue$283.7M$361.1MGross Profit$3.2M$7.2MOperating Income$11.1M$44.5MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.