Live Coverage Has Ended

Solid Beat By IOT

By Joel South Published Sep 4, 4:19PM EDT

Live Blog Update #2 Published

← Back to Full Coverage: Live: Is Samsara (IOT) Ready to Jump Post-Earnings Tonight?

Samsara (IOT) Q2 FY2026 Post-Earnings Recap — stock up ~7.7% AH as execution stays strong:

First Take

Metric	Actual	Estimate	Beat/Miss
Revenue	$391.5M	$372.2M	✅ Beat
EPS (Non-GAAP)	$0.12	$0.07	✅ Beat
ARR	$1.64B	$1.55B	✅ Beat

Shares rally ~7–8% AH after a broad beat on revenue, EPS, and ARR.
Street reaction centers on durable 30% growth with margin leverage, proving IOT remains one of SaaS’s cleanest growth stories.

All Updates from Live Coverage

Final Reactions

Sep 4, 2025 4:36 PM | Joel South

Live

Metric	Prior Street	New Company Guide	Δ
FY26 Revenue	$1.55B	$1.574–1.578B	▲
FY26 EPS	$0.41	$0.45–0.47	▲

Sentiment Signals:

Bullish: 30% ARR growth, big customer expansion, raised guide.
Neutral: Still posting GAAP net losses.
Bearish: Heavy stock-based comp ($81M in Q2) remains a drag.

What Changed This Quarter

Sep 4, 2025 4:32 PM | Joel South

Live

Revenue growth held at 30% YoY, while most SaaS peers are decelerating.
Operating leverage jumped 9 pts YoY as sales & marketing efficiency improved.
Cash flow conversion strengthened — now generating double-digit free cash flow margins.
International and vertical expansions (transportation, logistics, industrials) remain strong growth vectors.

Key Operating Highlights

Sep 4, 2025 4:31 PM | Joel South

Live

ARR: $1.64B, +30% YoY.
Large customer momentum: 2,771 customers >$100K ARR (up from 2,120 last year).
Customers >$1M ARR now >20% of total ARR.
Non-GAAP operating margin 15%, up from 6% a year ago.
Free cash flow: $44M, margin 11% vs. 4% last year.

Guidance Update

Sep 4, 2025 4:27 PM | Joel South

Live

Across-the-board raises show confidence in sustaining 20%+ growth into FY26

Period	New Guidance	Street Consensus	Direction
Q3 Rev	$398–400M	~$386M	📈 Raised
Q3 EPS (Non-GAAP)	$0.11–0.12	~$0.10	📈 Raised
FY26 Rev	$1.574–1.578B	$1.55B	📈 Raised
FY26 EPS (Non-GAAP)	$0.45–0.47	$0.41	📈 Raised

Management Commentary

Sep 4, 2025 4:21 PM | Joel South

Live

CEO Sanjit Biswas: “We’re seeing firsthand how the rise of the AI-driven economy is amplifying demand for our platform. We are innovating at an unprecedented pace and are excited to deliver even greater impact for our customers.

Message: AI workflows are driving secular demand tailwinds, strengthening conviction in long-term growth.

Earnings History & Price Reaction

Sep 4, 2025 3:00 PM | Joel South

Live

Quarter	EPS Surprise	1-Day Move	7-Day Move	14-Day Move
Q1 2026	+83.33%	−4.55%	−17.21%	−15.94%
Q4 2025	+57.14%	−15.57%	−6.97%	−0.50%
Q3 2025	+75.00%	−5.19%	−14.46%	−17.36%
Q2 2025	+400.00%	+13.60%	+21.14%	+27.43%

Average 7-day move (last 4): −4.37%

View Full Live Blog (7 Updates)

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About the Author Joel South →

Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.

He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.