Companies /Technology

Samsara Inc - Class A

NYSE: IOT Software - Infrastructure
$41.88
â–² $2.04 (+5.11%) today
Markets closed · 5:14pm ET

Q2 2026 Earnings

Reported Sep 4, 2025, 4:11pm ET · SEC source
$0.12
Beat +65.52%
EPS · est. $0.07
$391.5M
Beat +5.17%
Revenue · est. $372.2M
−11.4%
Trailing market
IOT vs S&P since report
8 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%Sep 4Sep 5report 4:11pm ETearnings−0.5%+9.0%
−6%0+6%Sep 4Sep 5earnings−0.5%+9.0%
IOT +9.0%S&P 500 −0.5%
−6%0+6%Sep 4Sep 5report 4:11pm ETearnings−0.2%+9.0%
−6%0+6%Sep 4Sep 5earnings−0.2%+9.0%
IOT +9.0%NASDAQ −0.2%
−6%0+6%+12%Sep 3Sep 12report 4:11pm ETearnings+1.3%−0.6%
−6%0+6%+12%Sep 3Sep 12earnings+1.3%−0.6%
IOT −0.6%S&P 500 +1.3%
−6%0+6%+12%Sep 3Sep 12report 4:11pm ETearnings+1.9%−0.6%
−6%0+6%+12%Sep 3Sep 12earnings+1.9%−0.6%
IOT −0.6%NASDAQ +1.9%
+17.44%
Day of report
−1.33%
Next session
−9.10%
One week
−8.01%
30 days

S&P 500 over the same 30 days: +3.38%.

Did IOT Beat Earnings? Q2 2026 Results

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.

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

“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

Forward Guidance & Outlook

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

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$200.0M$400.0M$300.2M$391.5MRevenue$226.8M$301.0MGross Profit$-17,255,932$-26,619,000Operating Income$-10,111,954$-16,800,000Net Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

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