Q1 26 EPS
$0.11
BEAT +91.64%
Est. $0.06
Q1 26 Revenue
$366.9M
BEAT +4.39%
Est. $351.4M
vs S&P Since Q1 26
-47.4%
TRAILING MARKET
IOT -25.0% vs S&P +22.4%
Market Reaction
Did IOT Beat Earnings? Q1 2026 Results
Samsara kicked off fiscal 2026 with a notably strong quarter, posting revenue of $366.88 million, up 30.7% year over year and ahead of the $351.44 million analysts had expected, while non-GAAP diluted EPS of $0.11 came in 91.64% above the $0.06 conse… Read more Samsara kicked off fiscal 2026 with a notably strong quarter, posting revenue of $366.88 million, up 30.7% year over year and ahead of the $351.44 million analysts had expected, while non-GAAP diluted EPS of $0.11 came in 91.64% above the $0.06 consensus estimate. The standout driver behind the beat was a dramatic expansion in profitability, with non-GAAP operating income reaching $51.07 million compared to just $6.16 million a year ago, pushing non-GAAP operating margin to 14% from 2%. Annual Recurring Revenue climbed to $1.54 billion, also up 31% year over year, underpinned by 2,638 customers spending over $100,000, a cohort that grew 35%. Free cash flow reached $45.69 million at a 12% margin, roughly doubling from the prior year. Looking ahead, Samsara guided Q2 revenue to $371 million to $373 million and full-year FY2026 revenue to approximately $1.55 billion, both implying 24% growth, with full-year non-GAAP EPS of $0.39 to $0.41.
Key Takeaways
- • 31% year-over-year revenue growth (32% constant currency)
- • 31% ARR growth to $1.535 billion
- • 35% growth in customers with ARR over $100,000 (2,638 customers)
- • Non-GAAP operating margin expansion to 14% from 2% year-over-year
- • Free cash flow margin improvement to 12% from 7% year-over-year
- • GAAP gross margin expansion to 77% from 76%
IOT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“We delivered a strong first quarter of the new fiscal year with Q1 revenue of $366.9 million, growing 32% year-over-year in constant currency.”
— Sanjit Biswas, Q1 2026 Earnings Press Release
IOT Earnings Trends
IOT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IOT EPS Trend
Earnings per share: estimate vs actual
IOT Revenue Trend
Quarterly revenue: estimate vs actual
IOT Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.13 | $0.17 | +30.47% | $478.8M | +5.20% |
| Q4 26 BEAT FY | $0.13 | $0.18 | +40.85% | $444.3M | +5.20% |
| FY Full Year | — | $0.56 | — | $1.62B | — |
| Q3 26 BEAT | $0.12 | $0.15 | +26.37% | $416.0M | +4.25% |
| Q2 26 BEAT | $0.07 | $0.12 | +65.52% | $391.5M | +5.17% |
| Q1 26 BEAT | $0.06 | $0.11 | +91.64% | $366.9M | +4.39% |
| Q4 25 BEAT FY | $0.07 | $0.11 | +55.81% | $346.3M | +3.27% |
| FY Full Year | $0.22 | $0.26 | +17.22% | $1.25B | +0.82% |
| Q3 25 BEAT | $0.04 | $0.07 | +74.13% | $322.0M | +3.68% |
| Q2 23 BEAT | $-0.07 | $-0.04 | +42.86% | $153.5M | +7.36% |