Q2 26 EPS
$0.12
BEAT +65.52%
Est. $0.07
Q2 26 Revenue
$391.5M
BEAT +5.17%
Est. $372.2M
vs S&P Since Q2 26
-33.9%
TRAILING MARKET
IOT -20.6% vs S&P +13.3%
Market Reaction
Did IOT Beat Earnings? Q2 2026 Results
Samsara delivered a standout second quarter for fiscal 2026, with investors watching closely ahead of results that ultimately sent shares up roughly 14%. The connected operations platform posted revenue of $391.48 million, up 30.4% year over year and… Read more Samsara delivered a standout second quarter for fiscal 2026, with investors watching closely ahead of results that ultimately sent shares up roughly 14%. The connected operations platform posted revenue of $391.48 million, up 30.4% year over year and ahead of the $372.22 million consensus by 5.17%, while non-GAAP diluted EPS of $0.12 topped the $0.07 estimate by 65.52%. The clearest driver behind the beat was a dramatic expansion in operating leverage: non-GAAP operating margin reached 15%, up from 6% a year ago, as the company's growing enterprise customer base, those with ARR above $100,000 now number 2,771 and collectively generate roughly $1.00 billion in ARR, absorbed costs at scale. Annual recurring revenue reached $1.64 billion, also up 30% year over year. Looking ahead, Samsara raised its full-year FY2026 revenue outlook to $1.57 billion to $1.58 billion with a 15% non-GAAP operating margin, while Q3 guidance calls for revenue of $398 million to $400 million and EPS of $0.11 to $0.12.
Key Takeaways
- • 30% year-over-year ARR growth reaching $1.64 billion
- • Large customer expansion: 2,771 customers with ARR over $100K, up from 2,120 a year ago
- • Customers with ARR over $100K generated approximately $1 billion of ARR, 35% YoY growth
- • Customers with ARR over $1M contributed more than 20% of ARR
- • Non-GAAP operating margin expansion to 15% from 6% a year ago
- • Free cash flow margin improved to 11% from 4% a year ago
IOT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“Samsara had another strong quarter of durable and efficient growth, ending Q2 with $1.6 billion in ARR, a 30% increase year-over-year.”
— Sanjit Biswas, Q2 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% |