Samsara (IOT) Q2 2026 Earnings
How Did IOT Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +3.38%.
Did IOT Beat Earnings? Q2 2026 Results
Yes. Samsara reported Q2 2026 earnings of $0.12 a share on Sep 4, 2025, beating the $0.07 consensus estimate by 65.5%. Revenue was $391.5M against a $372.2M estimate.
Samsara delivered a standout second quarter for fiscal 2026, with <a href="https://247wallst.com/investing/2025/09/04/live-is-samsara-iot-ready-to-jump-post-earnings-tonight/">investors watching closely</a> 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.
- 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
“Samsara had another strong quarter of durable and efficient growth, ending Q2 with $1.6 billion in ARR, a 30% increase year-over-year.”
Samsara CEO, on the earnings call
What Was Samsara's Outlook in Q2 2026?
For Q3 FY2026, Samsara expects total revenue of $398 million to $400 million (24% YoY growth), non-GAAP operating margin of 15%, and non-GAAP diluted EPS of $0.11 to $0.12. Implied Q4 FY2026 guidance calls for revenue of $418 million to $420 million (21% YoY growth), non-GAAP operating margin of 15.5%, and non-GAAP diluted EPS of $0.11 to $0.12. For full fiscal year 2026, the company guides for revenue of $1.574 billion to $1.578 billion (26% growth), non-GAAP operating margin of 15%, and non-GAAP diluted EPS of $0.45 to $0.47. Constant currency impact is expected to be $1M positive for Q3, $3M positive for Q4, and $0M for FY2026.
IOT YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $391.5M | $300.2M | +30.4% |
| Gross Profit | $301.0M | $226.8M | +32.7% |
| Operating Income | −$26.6M | −$17.3M | +54.3% |
| Net Income | −$16.8M | −$10.1M | +66.1% |
Figures from SEC filings and company reports. Not investment advice.