Companies /Technology

Samsara Inc - Class A

NYSE: IOT Software - Infrastructure
$41.98
â–² $2.14 (+5.36%) today
Markets open · 3:40pm ET

Q1 2026 Earnings

Reported Jun 5, 2025, 4:14pm ET · SEC source
$0.11
Beat +91.64%
EPS · est. $0.06
$366.9M
Beat +4.39%
Revenue · est. $351.4M
−20.9%
Trailing market
IOT vs S&P since report
8 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+6%+12%Jun 5Jun 6report 4:14pm ETearnings+1.0%+7.1%
0+6%+12%Jun 5Jun 6earnings+1.0%+7.1%
IOT +7.1%S&P 500 +1.0%
0+6%+12%Jun 5Jun 6report 4:14pm ETearnings+1.1%+7.1%
0+6%+12%Jun 5Jun 6earnings+1.1%+7.1%
IOT +7.1%NASDAQ +1.1%
−7%0+7%+14%Jun 4Jun 13report 4:14pm ETearnings+0.8%−6.1%
−7%0+7%+14%Jun 4Jun 13earnings+0.8%−6.1%
IOT −6.1%S&P 500 +0.8%
−7%0+7%+14%Jun 4Jun 13report 4:14pm ETearnings+0.8%−6.1%
−7%0+7%+14%Jun 4Jun 13earnings+0.8%−6.1%
IOT −6.1%NASDAQ +0.8%
−4.55%
Day of report
−0.91%
Next session
−13.06%
One week
−16.43%
30 days

S&P 500 over the same 30 days: +4.45%.

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 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%

“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.”

Samsara CEO, on the earnings call

Forward Guidance & Outlook

For Q2 FY2026, Samsara expects total revenue of $371 million to $373 million (24% YoY growth), non-GAAP operating margin of 9%, and non-GAAP diluted EPS of $0.06 to $0.07. For the full fiscal year 2026, the company guides for total revenue of $1.547 billion to $1.555 billion (24% YoY growth, 24-25% adjusted for constant currency), non-GAAP operating margin of 13%, and non-GAAP diluted EPS of $0.39 to $0.41. Constant currency headwinds are expected to be approximately $1 million in Q2 and $2 million for the full year.

IOT YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$200.0M$400.0M$280.7M$366.9MRevenue$212.1M$283.7MGross Profit$-22,227,792$-33,255,000Operating Income$-13,765,401$-22,121,000Net Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

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