Samsara Inc (IOT)

Samsara to Host Investor Day June 24, 2026June 8, 2026 4:10 PM
Business Wire Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations® Platform, today announced it will host its Investor Day on June 24, 2026, from 2:30 – 5:00 p.m. Pacific Time (5:30 – 8:00 p.m. Eastern Time). Members of Samsara’s executive leadership team will discuss updates to the company’s vision, product platform, customer momentum, and financials. Featured speakers include: Sanjit Biswas, Chief Executive Officer and Co-Founder Johan Land, Chief Product Officer David Gal, Vice President of Product and Engineering Amit Vyas, Chief Revenue Officer Dominic Phillips, Chief Financial Officer A live webcast will begin at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) on June 24, 2026. Registration for access to the webcast can be found at this link. A replay will be available following the conclusion of the event at investors.samsara.com. About Samsara Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608741542/en/ Samsara Investor Relations
ir@samsara.com Samsara Communications
media@samsara.com Original: Samsara to Host Investor Day June 24, 2026

Samsara Approaches $2 Billion in ARR Amid Physical Economy BoomJune 4, 2026 4:15 PM
Business Wire The company delivers durable, efficient growth as major global operators scale to meet surging infrastructure demand with the Samsara platform Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations® Platform, today reported Q1 FY27 results driven by accelerating growth at scale, deepening enterprise adoption, and momentum in Operational AI. Nearly $2 billion in ARR, 30% year-over-year (YoY) growth $101 million in net new ARR, 30% YoY growth $1.2 billion in ARR from $100K+ customers, 37% YoY growth, accelerating for the third straight quarter 62% YoY ARR growth from $1M+ customers, accelerating for the fourth straight quarter 20%+ of net new ACV from emerging products for the second consecutive quarter Third consecutive quarter of GAAP EPS profitability Partnering with the Builders of Global Infrastructure Samsara's customers are building the infrastructure for the global economy; these are asset-heavy, labor-intensive operators in critical industries. Among Samsara’s largest customers, operating costs typically comprise ~80% of revenue. As their operations scale, so does the number of physical assets and frontline workers they manage. Several structural forces are accelerating that scale, from the buildout of AI data centers to grid modernization to governments investing in aging public infrastructure, which according to McKinsey will require roughly $106T in investment by 2040. Three consistent themes emerged from customer visits across North America and Europe in Q1: Scaling to meet global demand. Customers need technology that can grow with them as infrastructure investment surges. Expanding across the platform. Customers are adding emerging products to digitize operations and unlock savings well beyond their core product deployments. Accelerating interest in AI and agents. Interest in Operational AI is growing rapidly, though most operators are still early in adoption. "Our customers are operating at a scale most people don't see. They're building power grids, maintaining road networks, and running distribution systems that touch every part of daily life. As those operations grow, so does the complexity of keeping them safe, efficient, and connected. Every vehicle, asset, and job site they bring onto our platform generates data that makes the entire system smarter. It's why our largest customers keep expanding their partnership with us, and why we're seeing so much momentum in this market,” said Amit Vyas, Chief Revenue Officer at Samsara. Delivering Results at Scale Samsara signed 11 $1M+ net new ACV transactions in Q1, the second-highest quarter on record. Customer wins included Hertz; one of the world's largest pizza companies; Foundation Building Materials; and the State of Connecticut. The company ended the quarter with 3,363 customers spending $100K+ in ARR and 190 customers spending $1M+. Ninety-six percent of $100K+ ARR customers now subscribe to two or more products, and 70% subscribe to three or more, reflecting the strength of Samsara products and the value of a single platform. The world's largest foodservice distributor expanded with Samsara for the twentieth time. The company replaced its incumbent telematics provider with Samsara and added Commercial Navigation and Connected Workflows to become a four-product customer. These solutions help it navigate smarter, digitize fieldwork, and deliver better on-time performance across its massive distribution network. A global engineering, architecture, and environmental consulting firm with 34,000+ employees across 450+ locations on six continents deployed four Samsara products, which could lead to a 10% reduction in certain operational costs within 18 months. One of Canada's largest supermarket chains with more than 1,600 stores replaced its legacy maintenance system entirely with Samsara's Connected Asset Maintenance. The Compounding Data Advantage Fueling Innovation Samsara’s customers are adding emerging products to digitize operations far beyond their initial core product deployments, generating more operational data. Samsara's Connected Operations Platform, powered by its proprietary sensors, cameras, and telematics devices, captures more than 25T data points annually across more than 100B miles driven by tens of thousands of customers, covering 99% of major U.S. roads. This flywheel is powering the next era of Operational AI applications, and customer interest in these innovations is growing rapidly. The latest of which include: Waste Intelligence verifies service and detects overfills, turning cameras on collection trucks into an improved revenue and compliance system. Ground Intelligence fuses AI Dash Cam and AI Multicam data with g-force readings to map road defects, including potholes. Ridership Management detects passengers left behind at transit stops, giving agencies real-time visibility into safety concerns and service quality. Samsara will share more on its vision for the physical economy and unveil its latest innovations at Samsara Beyond in Las Vegas from June 23–26. The company will also host an Investor Day on June 24. Details at investors.samsara.com. To learn more about Samsara’s Q1 FY27 results and to see definitions of terms used in this press release, visit Samsara’s Investor Relations website. About Samsara Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. Forward-Looking Statements and Other Legal Notices This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to management. These statements relate to, but are not limited to, current expectations about our market opportunity, investment levels in infrastructure development, product adoption by our customers, and the expansion of our product offerings, as well as assumptions relating to the foregoing. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including those described in our filings and reports that we may file from time to time with the Securities and Exchange Commission. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Samsara is a registered trademark of Samsara Inc. All other brand names, product names or trademarks belong to their respective holders. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604981815/en/ Samsara Communications
media@samsara.com Original: Samsara Approaches $2 Billion in ARR Amid Physical Economy Boom

Samsara Reports First Quarter Fiscal Year 2027 Financial ResultsJune 4, 2026 4:10 PM
Business Wire Q1 revenue of $478.8 million, representing 31% year-over-year growth and 29% in constant currency Q1 net new ARR of $100.7 million, representing 30% year-over-year growth and 27% in constant currency Ending ARR of $1.991 billion, representing 30% year-over-year growth GAAP earnings per share of $0.08, representing the third consecutive quarter of GAAP profitability Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations® Platform, reported financial results for the first quarter ended May 2, 2026, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com. “Samsara delivered a strong Q1, approaching $2B in ARR with 30% growth and GAAP EPS profitability for the third consecutive quarter,” said Sanjit Biswas, CEO and Co-founder, Samsara. “Our customers are facing unprecedented demand and are constrained by worker capacity. We see a massive opportunity to transform physical industries with Operational AI and AI Agents – automating work, unlocking capacity, and driving greater productivity across the sectors that power the global economy.” First Quarter Fiscal Year 2027 Financial Highlights (In millions, except percentage, percentage points, and per share data)   Q1 FY2027   Q1 FY2026   Y/Y Change Annual Recurring Revenue (ARR) $ 1,990.6     $ 1,535.4       30 % ARR adjusted for constant currency (1) $ 1,988.6     $ 1,535.4       30 % Total revenue $ 478.8     $ 366.9       31 % Total revenue adjusted for constant currency (1) $ 473.7     $ 366.9       29 % GAAP gross profit $ 361.1     $ 283.7     $ 77.4   GAAP gross margin   75 %     77 %   (2 pt) Non-GAAP gross profit $ 366.3     $ 288.1     $ 78.2   Non-GAAP gross margin   76 %     79 %   (2 pt) GAAP income (loss) from operations $ 7.2     $ (33.3 )   $ 40.5   GAAP operating margin   2 %     (9 %)   11 pts Non-GAAP operating income $ 91.0     $ 51.1     $ 39.9   Non-GAAP operating margin   19 %     14 %   5 pts GAAP net income (loss) per share, basic and diluted $ 0.08     $ (0.04 )   $ 0.12   Non-GAAP net income per share, basic and diluted $ 0.17     $ 0.11     $ 0.06   Net cash provided by operating activities $ 81.4     $ 52.6     $ 28.8   Net cash provided by operating activities margin   17 %     14 %   3 pts Adjusted free cash flow $ 73.2     $ 45.7     $ 27.5   Adjusted free cash flow margin   15 %     12 %   3 pts __________ Note: Numbers are rounded for presentation purposes.   (1) ARR and revenue are adjusted for constant currency. See the section titled “Operating Metrics and Non-GAAP Financial Measures” for constant currency methodology. We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles (“GAAP”). See the section titled “Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures and the tables in the section titled “Reconciliation Between GAAP and Non-GAAP Financial Measures” for a reconciliation of GAAP to non-GAAP financial measures. Financial Outlook Our guidance includes GAAP and non-GAAP financial measures. For the second quarter and fiscal year 2027, Samsara expects the following:   Q2 FY2027 Outlook   FY 2027 Outlook Total revenue $482 million – $484 million   $2.005 billion – $2.013 billion Year/Year revenue growth 23% – 24%   24% Year/Year revenue growth in constant currency (1) 22% – 23%   23% – 24% Non-GAAP operating margin (2) 18%   20% Non-GAAP net income per share, diluted (2) $0.15 – $0.16   $0.70 – $0.72 GAAP net income per share, diluted GAAP Profitable   GAAP Profitable (3) __________ (1) Constant currency impact to revenue guidance is expected to be a $3 million positive impact for Q2 FY27 and an $11 million positive impact for FY27. See the section titled “Operating Metrics and Non-GAAP Financial Measures” for constant currency methodology. (2) Other than with respect to revenue growth adjusted for constant currency, a reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, that may be incurred in the future and cannot be reasonably determined or predicted at this time. It is important to note that these factors could be material to our results of operations calculated in accordance with GAAP. (3) We expect to be FY27 GAAP EPS profitable even excluding the $30 million arbitration award issued in Samsara’s favor in the Motive breach of contract, fraud, unfair competition, and false advertising matter. About Samsara Samsara is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, assets, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in construction, transportation, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. Investor Day and Customer Conference Samsara will host an Investor Day on Wednesday, June 24, 2026 at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time), where we will provide additional insights into Samsara’s trajectory and the overall state of physical operations. This event will be held in conjunction with our customer conference, Samsara Beyond, in Las Vegas, NV. A live webcast of Investor Day may be accessed at https://investors.samsara.com/. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, the calculation of certain of our key financial and operating metrics, our market opportunity, industry developments and trends, macroeconomic conditions, customer purchasing, adoption of and expected results from our Connected Operations Platform, including cost savings and return on investment, our pace of product development, our product roadmap, and our technological capability, including AI, and our competitive position, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and could cause actual results and events to differ. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “goal,” “guidance,” “intend,” “may,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or the negative of these terms or other comparable expressions that concern our expectations, strategies, plans, or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are based on information available at the time those statements are made, including information furnished to us by third parties that we have not independently verified, and/or management’s good faith beliefs and assumptions as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. These risks and uncertainties include our ability to retain customers and expand the use of our solution by our customers, our ability to attract new customers, our future financial performance, including trends in revenue and annual recurring revenue, net retention rate, costs of revenue, gross profit or gross margin, operating expenses, customer counts, non-GAAP financial measures (such as revenue adjusted for constant currency, year-over-year revenue growth adjusted for constant currency, non-GAAP gross margin, non-GAAP operating margin, free cash flow and free cash flow margin, and adjusted free cash flow and adjusted free cash flow margin), our ability to achieve or maintain profitability, the demand for our products or for solutions for connected operations in general, the impact of geopolitical tension, the emergence of public health crises, and similar macroeconomic events, including financial distress caused by bank failures, the impact of political elections in the United States and abroad, global supply chain challenges, increased costs (such as increases in the cost of memory and computing), foreign currency fluctuations, elevated inflation and interest rates, and changes to monetary, fiscal, and trade (including tariff) policies, on our and our customers’ and partners’ respective businesses, the length of our sales cycles, possible harm caused by a security breach or other incident affecting our or our customers’ assets or data, our ability to compete successfully in competitive markets, our ability to respond to rapid technological changes, and our ability to continue to innovate and develop new Applications. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings and reports that we may file from time to time with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Use of Non-GAAP Financial Measures This document includes certain non-GAAP financial measures. Reconciliations of non-GAAP financial measures to our financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow and adjusted free cash flow do not reflect our future contractual commitments or the total increase or decrease of our cash balance for a given period. These and other limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. We present these non-GAAP financial measures to assist investors in seeing Samsara’s operating results through the eyes of management and because we believe that these measures provide an additional tool for investors to evaluate our business. Expenses (Income) Excluded from Non-GAAP Performance Financial Measures—Stock-based compensation expense-related charges include the amortization of deferred stock-based compensation expense for internal-use software and cloud computing arrangements and employer taxes on employee equity transactions. Stock-based compensation expense is a non-cash expense and is dependent on our stock price, which is beyond our control. Accordingly, we find it useful to exclude stock-based compensation expense in order to better understand our ongoing operational performance. Employer taxes on employee equity transactions, which are cash expenses, are excluded because such taxes are directly tied to the timing and size of employee equity transactions and the future fair market value of our common stock, which may vary from period to period independent of the operating performance of our business. Lease modification, impairment, and related charges, and legal settlements and awards are excluded because management believes that such items are not reflective of our ongoing operational performance. Operating Metrics and Non-GAAP Financial Measures Annual Recurring Revenue (ARR)—We define ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date. Net New ARR—Net new ARR is calculated as the difference between the annualized value of subscription contracts that have commenced revenue recognition as of the end of the reporting period and the annualized value of subscription contracts that have commenced revenue recognition as of the end of the prior reporting period. Constant Currency—Constant currency is a methodology for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current period results for customer contracts denominated in currencies other than U.S. dollars are converted into U.S. dollars using the average currency exchange rates in effect during the comparative period, rather than the actual currency exchange rates in effect during the current period. For ARR and net new ARR, customer contracts denominated in currencies other than U.S. dollars are translated into U.S. dollars based on the currency exchange rate as of the day of the effective date of the contract. For guidance, currency impact on total revenue growth is derived by applying the average currency exchange rates in effect during the comparative period, rather than the currency exchange rates for the guidance period. Customer—We define a customer as an entity, or group of affiliated entities with a shared parent organization, that has ARR of greater than $1,000 at the end of a reporting period. Determinations regarding the relationship between customer entities are primarily based on publicly available information and information supplied to us by our customers, and we have not independently verified the legal relationship between entities in all cases. Our customer count is subject to adjustments for acquisitions, spin-offs, segmentation by geography, and other market and commercial activity. Non-GAAP Gross Profit and Non-GAAP Gross Margin—We define non-GAAP gross profit as gross profit excluding the effect of stock-based compensation expense-related charges included in cost of revenue. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of total revenue. We use non-GAAP gross profit and non-GAAP gross margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Non-GAAP Operating Income and Non-GAAP Operating Margin—We define non-GAAP operating income as income (loss) from operations excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements and awards. Non-GAAP operating margin is defined as non-GAAP operating income as a percentage of total revenue. We use non-GAAP operating income and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP operating income and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Non-GAAP Net Income and Non-GAAP Net Income per Share—We define non-GAAP net income as net income (loss) excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements and awards. Our non-GAAP net income per share–basic is calculated by dividing non-GAAP net income by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share–diluted is calculated by giving effect to all potentially dilutive common stock equivalents (stock options, restricted stock units, and shares issued under our 2021 Employee Stock Purchase Plan) to the extent they are dilutive. Non-GAAP net loss per share–diluted is the same as non-GAAP net loss per share–basic as the inclusion of all potential dilutive common stock equivalents would be antidilutive. We use non-GAAP net income and non-GAAP net income per share in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP net income and non-GAAP net income per share provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Free Cash Flow and Free Cash Flow Margin—We define free cash flow as net cash provided by operating activities reduced by cash used for purchases of property and equipment. Free cash flow margin is calculated as free cash flow as a percentage of total revenue. We believe that free cash flow and free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives. Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin—We define adjusted free cash flow as free cash flow excluding the cash impact of non-recurring capital expenditures associated with the build-out of our corporate office facilities in San Francisco, California, net of tenant allowances, and legal settlements and awards. Adjusted free cash flow margin is calculated as adjusted free cash flow as a percentage of total revenue. We believe that adjusted free cash flow and adjusted free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives by excluding the impact of non-recurring events. Webcast Information and Shareholder Letter An investor presentation and accompanying shareholder letter is accessible from the Samsara investor relations website at https://investors.samsara.com/. Samsara will host a live webcast to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. The live webcast may be accessed at https://investors.samsara.com/. Following the webcast, a replay will be accessible from the same website. SAMSARA INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited)     As of   May 2, 2026   January 31, 2026 Assets       Current assets:       Cash and cash equivalents $ 218,986     $ 318,789   Short-term investments   585,333       515,003   Accounts receivable, net   284,979       321,442   Inventories   52,228       48,194   Connected device costs, current   147,898       142,904   Deferred commissions, current   88,771       85,463   Prepaid expenses and other current assets   100,103       75,323   Total current assets   1,478,298       1,507,118   Long-term investments   477,072       403,123   Property and equipment, net   84,418       81,607   Operating lease right-of-use assets   57,265       60,303   Connected device costs, non-current   310,497       297,245   Deferred commissions, non-current   184,675       176,415   Other assets   21,845       14,863   Total assets $ 2,614,070     $ 2,540,674   Liabilities and stockholders’ equity       Current liabilities:       Accounts payable $ 24,335     $ 47,680   Accrued expenses and other current liabilities   112,224       102,073   Accrued compensation and benefits   59,577       75,403   Deferred revenue, current   703,943       679,316   Operating lease liabilities, current   12,053       12,566   Total current liabilities   912,132       917,038   Deferred revenue, non-current   123,834       129,726   Operating lease liabilities, non-current   56,967       60,202   Other liabilities   13,547       13,261   Total liabilities   1,106,480       1,120,227   Stockholders’ equity:       Preferred stock   —       —   Class A common stock   13       13   Class B common stock   23       23   Class C common stock   —       —   Additional paid-in capital   3,080,839       3,035,176   Accumulated other comprehensive income   1,329       4,357   Accumulated deficit   (1,574,614 )     (1,619,122 ) Total stockholders’ equity   1,507,590       1,420,447   Total liabilities and stockholders’ equity $ 2,614,070     $ 2,540,674   SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (In thousands, except share and per share data) (Unaudited)     Three Months Ended   May 2, 2026   May 3, 2025 Revenue $ 478,844     $ 366,884   Cost of revenue   117,701       83,169   Gross profit   361,143       283,715   Operating expenses:       Research and development   97,567       83,242   Sales and marketing   203,603       165,400   General and administrative   52,778       68,328   Total operating expenses   353,948       316,970   Income (loss) from operations   7,195       (33,255 ) Interest income and other income, net   41,732       12,723   Income (loss) before provision for income taxes   48,927       (20,532 ) Provision for income taxes   4,419       1,589   Net income (loss) $ 44,508     $ (22,121 ) Other comprehensive income (loss):       Foreign currency translation adjustments, net of tax   69       960   Unrealized gains (losses) on investments, net of tax   (3,097 )     559   Total other comprehensive income (loss):   (3,028 )     1,519   Comprehensive income (loss) $ 41,480     $ (20,602 ) Basic and diluted net income (loss) per share:       Net income (loss) per share, basic and diluted $ 0.08     $ (0.04 ) Weighted-average shares used in computing net income (loss) per share, basic   581,835,917       567,740,728   Weighted-average shares used in computing net income (loss) per share, diluted   587,674,441       567,740,728   SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)     Three Months Ended   May 2, 2026   May 3, 2025 Operating activities       Net income (loss) $ 44,508     $ (22,121 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities       Depreciation and amortization   7,928       5,142   Stock-based compensation expense   77,471       77,079   Net accretion of discounts on investments   (2,923 )     (2,582 ) Other   610       (348 ) Changes in operating assets and liabilities:       Accounts receivable, net   35,705       15,902   Inventories   (5,071 )     1,114   Prepaid expenses and other current assets   (786 )     1,040   Arbitration award receivable   (30,329 )     —   Connected device costs   (18,225 )     (5,960 ) Deferred commissions   (11,557 )     (6,435 ) Other assets   (7,023 )     (13 ) Accounts payable and other liabilities   (25,422 )     (31,236 ) Deferred revenue   16,496       20,610   Operating lease liabilities   31       420   Net cash provided by operating activities   81,413       52,612   Investing activities       Purchases of property and equipment   (8,236 )     (6,920 ) Purchases of investments   (357,523 )     (173,141 ) Proceeds from maturities and redemptions of investments   216,571       161,972   Other investing activities   —       (200 ) Net cash used in investing activities   (149,188 )     (18,289 ) Financing activities       Proceeds from issuance of common stock from equity compensation plans   11       22   Taxes paid for net share settlement of equity awards   (34,345 )     —   Other financing activities   (97 )     (378 ) Net cash used in financing activities   (34,431 )     (356 ) Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash   (392 )     1,125   Net increase (decrease) in cash, cash equivalents, and restricted cash   (102,598 )     35,092   Cash, cash equivalents, and restricted cash, beginning of period   324,843       245,794   Cash, cash equivalents, and restricted cash, end of period $ 222,245     $ 280,886   SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited)     Three Months Ended   May 2, 2026   May 3, 2025 Total revenue and revenue growth reconciliation       GAAP revenue $ 478,844     $ 366,884   Add:       Constant currency adjustment   (5,126 )     3,565   Revenue adjusted for constant currency (1) $ 473,718     $ 370,449   GAAP revenue growth   31 %     31 % Revenue growth in constant currency (1)   29 %     32 %         Gross profit and gross margin reconciliation       GAAP gross profit $ 361,143     $ 283,715   Add:       Stock-based compensation expense-related charges (2)   5,166       4,361   Non-GAAP gross profit $ 366,309     $ 288,076   GAAP gross margin   75 %     77 % Non-GAAP gross margin   76 %     79 %         Operating income (loss) and operating margin reconciliation       GAAP income (loss) from operations $ 7,195     $ (33,255 ) Add:       Stock-based compensation expense-related charges (2)   83,817       84,326   Non-GAAP operating income $ 91,012     $ 51,071   GAAP operating margin   2 %     (9 %) Non-GAAP operating margin   19 %     14 %         Net income (loss) reconciliation       GAAP net income (loss) $ 44,508     $ (22,121 ) Add:       Stock-based compensation expense-related charges (2)   83,817       84,326   Legal gain from arbitration award (3)   (30,329 )     —   Non-GAAP net income (4) $ 97,996     $ 62,205   SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited)     Three Months Ended   May 2, 2026   May 3, 2025 Net income (loss) per share, basic and diluted, reconciliation       GAAP net income (loss) per share, basic $ 0.08   $ (0.04 ) Total impact on net income (loss) per share, basic, from non-GAAP adjustments   0.09       0.15   Non-GAAP net income per share, basic $ 0.17     $ 0.11           GAAP net income (loss) per share, diluted (5) $ 0.08     $ (0.04 ) Total impact on net income (loss) per share, diluted, from non-GAAP adjustments   0.09       0.15   Non-GAAP net income per share, diluted (5) $ 0.17     $ 0.11           Weighted-average shares used in computing GAAP and non-GAAP net income (loss) per share, basic   581,835,917       567,740,728   Weighted-average shares used in computing GAAP net income (loss) per share, diluted (5)   587,674,441       567,740,728   Weighted-average shares used in computing non-GAAP net income per share, diluted (5)   587,674,441       582,805,383   SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited)     Three Months Ended   May 2, 2026   May 3, 2025 Free cash flow, adjusted free cash flow, free cash flow margin, and adjusted free cash flow margin reconciliation       Net cash provided by operating activities $ 81,413     $ 52,612   Purchases of property and equipment   (8,236 )     (6,920 ) Free cash flow $ 73,177     $ 45,692   Adjusted free cash flow $ 73,177     $ 45,692   Net cash provided by operating activities margin   17 %     14 % Free cash flow margin   15 %     12 % Adjusted free cash flow margin   15 %     12 % __________ (1) To facilitate comparability across periods, revenue and revenue growth are adjusted for constant currency by excluding the effect of foreign currency rate fluctuations. (2) Stock-based compensation expense-related charges were included in the following line items of our condensed consolidated statements of operations and comprehensive income (loss) as follows:   Three Months Ended   May 2, 2026   May 3, 2025 Cost of revenue $ 5,166   $ 4,361 Research and development   32,109       29,556   Sales and marketing   24,620       25,580   General and administrative   21,922       24,829   Total stock-based compensation expense-related charges (6) $ 83,817     $ 84,326   (3) On February 3, 2026, in the breach of contract, fraud, unfair competition, and false advertising arbitration matter between Samsara Inc. and Motive Technologies, Inc., an arbitration award was rendered in favor of Samsara. As a result of the arbitration award, Samsara recognized a gain of $30.3 million for the three months ended May 2, 2026. (4) There were no material income tax effects on our non-GAAP adjustments for all periods presented. (5) For each period in which we had net income, diluted net income per share is calculated using weighted-average number of shares of common stock outstanding during the period, adjusted for dilutive potential shares that were assumed outstanding during the period. (6) Stock-based compensation expense-related charges included amortization of capitalized stock-based compensation expense of approximately $1.3 million and $0.7 million for the three months ended May 2, 2026 and May 3, 2025, respectively, which was initially capitalized as internal-use software or cloud computing arrangements. Stock-based compensation expense-related charges also included approximately $5.0 million and $6.5 million of employer taxes on employee equity transactions for the three months ended May 2, 2026 and May 3, 2025, respectively.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260604592267/en/ Investor Contact:
Mike Chang
ir@samsara.com Media Contact:
Stephanie Burke
media@samsara.com Original: Samsara Reports First Quarter Fiscal Year 2027 Financial Results

Samsara Sweeps Fleet Technology Rankings With 23 No. 1 Rankings Across ReportsMay 28, 2026 1:03 PM
Business Wire Company earns more first-place rankings on G2 than any other fleet technology brand, spanning fleet management, asset tracking, fleet maintenance, among others Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations® Platform, today announced it has earned the No. 1 spot on 23 separate Summer 2026 Grid Reports® on G2, the world's largest and most trusted software marketplace, more than any other fleet technology brand. Rankings are driven by verified customer reviews and reflect broad preference for the Samsara platform. “Seven consecutive quarters at No. 1 isn’t just a streak—it’s a signal,” said Meagen Eisenberg, Chief Marketing Officer at Samsara. “Our customers are critical to the economy, and they consistently say the Samsara platform is really transforming their business. We’re proud to help them operate at their best.” Why Samsara sweeps key categories and segments Samsara ranked No. 1 across Fleet Management, Asset Management, Asset Tracking, Fleet Maintenance, Fleet Tracking and Trucking Overall Grid Reports®. This quarter marks Samsara's second consecutive sweep of Fleet Management, sixth of Asset Management, and seventh of Asset Tracking across all segments: Enterprise; Mid-market; Small Business. In the Enterprise Grid Report® for Fleet Management, Samsara's satisfaction score of 96 leads the competition by 11 points, and represents the fourth consecutive quarter Samsara has earned the highest enterprise satisfaction in the category. Why Samsara is the sole G2 Leader in Fleet Maintenance Samsara is the only vendor to hold Leader status in the Fleet Maintenance Grid Report®, a position it has held for seven consecutive quarters. Samsara's G2 Score of 99 is more than double the nearest competitor and quadruple the next. Samsara Connected Maintenance is a Computerized Maintenance Management System (CMMS) built natively on Samsara Intelligence that connects Driver Vehicle Inspection Reports (DVIRs), work orders, fault codes, vendor invoices, and maintenance cost reporting in a single system. The results of its approach show up in customer outcomes: Bramco achieved a 7x return on investment through warranties alone; Garden City Public Schools cut maintenance costs by 66%; CoxHealth reduced processing time by 94%; StreamTech Industrial cut monthly maintenance spend by 30%. What verified reviews say about Samsara Verified reviews on G2 consistently cite usability, reliability, and measurable ROI as key drivers of satisfaction: "Samsara is our ELD provider, an asset GPS tracker, maintenance code reader, and CARB test tool all rolled into one. It has helped us significantly streamline these processes, along with a few others." — Ryan H., Southwest Operations Manager "I really like Samsara's user friendliness and how it keeps my fleet tracking and maintenance schedules organized. I never have to worry about missing critical service intervals and maintaining logs." — Andrew P., Fleet Service Technician "Real-time visibility and clear alerts mean we can quickly address unsafe driving or route issues, while easy-to-understand reports help us find patterns, coach drivers, and reduce fuel and maintenance costs over time." — Ganesh P. To learn more about Samsara's Summer 2026 G2 results, visit samsara.com or read verified reviews at g2.com/products/samsara/reviews. About G2 G2 is the world's largest and most trusted software marketplace. More than 100 million people annually use G2 to make smarter software decisions based on authentic peer reviews. To learn more, visit www.g2.com. About Samsara Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world's most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world's leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. Samsara is a registered trademark of Samsara Inc. All other brand names, product names, or trademarks belong to their respective holders. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528009175/en/ Media Inquiries Contact
media@samsara.com Original: Samsara Sweeps Fleet Technology Rankings With 23 No. 1 Rankings Across Reports

Samsara to Announce First Quarter Fiscal Year 2027 Financial Results on June 4, 2026May 4, 2026 4:30 PM
Business Wire Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations® Platform, today announced it will release its financial results for the first quarter of fiscal year 2027, which ended May 2, 2026, after the U.S. market closes on Thursday, June 4, 2026. Samsara will host a live webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Samsara's First Quarter Fiscal Year 2027 Financial Results
Date: Thursday, June 4, 2026
Time: 2:00 p.m. Pacific time (5:00 p.m. Eastern time)
Webcast: Registration A webcast replay will be accessible from the Samsara investor relations website at investors.samsara.com. The press release will be available on the Samsara investor relations website prior to the commencement of the event. About Samsara Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. View source version on businesswire.com: https://www.businesswire.com/news/home/20260504345761/en/ Investor Contact
Mike Chang
ir@samsara.com Press Contact
Samsara Communications
media@samsara.com Original: Samsara to Announce First Quarter Fiscal Year 2027 Financial Results on June 4, 2026

Samsara Named to TIME100 Most Influential Companies List for Manufacturing and LogisticsApril 29, 2026 6:29 PM
Business Wire
Samsara is recognized alongside customers such as DHL, Farmer’s Fridge, and First Student, underscoring the growing impact of AI-powered operations


Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations® Platform, today announced it has been named to the TIME100 Most Influential Companies of 2026: Industry Leaders list in the Manufacturing & Logistics category.


TIME’s iconic list recognizes the companies making an extraordinary impact around the world. Honorees are selected by TIME’s editors and correspondents through a rigorous evaluation of impact, innovation, ambition, and influence. Samsara’s position reflects the company’s role in powering AI transformation in industries critical to the global economy.


“It's an honor to be recognized by TIME100, but the heart of this inclusion is our impact with customers,” said Meagen Eisenberg, Chief Marketing Officer at Samsara. “The frontline teams and operators we work with are the ones running the physical economy—moving goods, keeping the lights on, getting kids to school safely. We’re proud to build the technology that helps them do it better every day.”


All AIs on the road: Behind Samsara’s recognition


The world of physical operations accounts for roughly 40% of global GDP, yet many organizations still rely on manual processes and disconnected systems. As they face mounting pressure to improve safety outcomes and reduce costs, the need for a unified platform has never been greater. The Samsara AI-powered platform connects the people, equipment, systems, and sites of complex operations, allowing organizations to develop actionable insights and improve performance.


One of the key reasons Samara was recognized on TIME’s list was because of its impact on frontline worker safety. The company’s AI-powered safety tools have changed the way tens of thousands of organizations protect their teams:



Fleets that deployed the complete Samsara AI safety solution, which detects hazards on the road and risky driving behaviors, saw an aggregated 73% reduction in accidents after 30 months



Its new innovation, Samsara Coach, analyzes real-time data to prioritize risk and help managers coach thousands of drivers simultaneously



Drivers benefit from start-of-the-day audio briefings, two-way audio coaching, and post-trip support by a personalized AI Avatar



Samsara’s influence extends beyond its own recognition on the list. First Student, one of the largest providers of K-12 school bus transportation in North America, was separately named to TIME’s Most Influential Transportation Companies list—and credits Samsara as a key driver of its safety transformation. Samsara AI Dash Cams helped reduce rolling stops by 54%, forward collisions by 63%, and inattentive driving behaviors by 81%.


“The Samsara cameras give our drivers an extra set of eyes,” said Sean McCormack, Chief Information Officer at First Student. “Our whole mission is getting kids to and from school safely and happily—that’s why we exist. We use technology to enhance that.”


Additional Samsara customers recognized on the 2026 TIME100 Companies list include DHL Group (Manufacturing & Logistics) and Farmer’s Fridge (Food & Drink), further demonstrating the breadth of the Samsara platform across industries.


TIME’s recognition comes during a period of rapid growth and visibility for Samsara, which, as TIME notes, made headlines earlier this year with its Super Bowl advertisement—a signal of how fast the connected operations market is moving and how central AI-powered safety technology has become to the industries that keep the global economy running.


To view Samsara’s recognition, visit TIME.


About Samsara


Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.


Samsara is a registered trademark of Samsara Inc. All other brand names, product names, or trademarks belong to their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429257340/en/
Samsara

media@samsara.com


Original: Samsara Named to TIME100 Most Influential Companies List for Manufacturing and Logistics

Samsara Launches Smart Compliance for FleetsApril 21, 2026 4:00 AM
Business Wire
New dynamic solution helps prevent infringements to streamline operations across the EU and UK


Samsara (NYSE: IOT), the pioneer of the Connected Operations Platform®, today launched an industry-first dynamic Smart Compliance solution for fleets across the EU and UK. The platform enables a proactive approach to tachograph (tacho) compliance, helping organisations manage critical elements of driver safety and regulatory workflows in one place.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260421086632/en/Mulgrew Haulage Ltd
Designed for compliance managers and safety leaders across industries, Samsara’s Smart Compliance integrates prevention, management, and coaching into a single, open platform.


Traditional compliance often requires managing multiple, disconnected systems for tacho downloads and telematics. This creates administrative burdens and increases the risk of legal fines. With 60% to 80% of EU fleets operating across borders, managing these complexities is a daily challenge.


Samsara is the first platform that eliminates the need for fragmented, legacy systems by seamlessly consolidating AI-based safety, telematics, and comprehensive compliance into a single experience. As one of the first in the industry to offer proactive pre-infringement audio alerts, we empower drivers to correct errors in real time before they result in infringements.


While other solutions offer a patchwork of tools, Samsara provides a true one-stop shop with advanced rulesets for 17 European countries. This unified approach gives organisations the accurate insights they need to scale cross-border operations while keeping their people safe and their supply chains resilient.


“Previously, we would wait for the infringement report and deal with everything in bulk, which could take most of the day,” said Matt Crossland, UK Area Manager at Mulgrew Haulage Ltd, one of the first customers to trial Smart Compliance. “Now everything is in one place—the infringement, manager response, and driver acknowledgement—and it takes about two minutes per infringement with Smart Compliance. Instead of looking back at last month’s infringements, we review yesterday’s, deal with them immediately, and send them straight to the driver digitally to fully understand what happened. This reduces what previously took a day, to a matter of minutes.”


Key innovations for smarter operations



In-cab alerts: Real-time warnings help drivers avoid errors and stay safe before an incident occurs.



Centralised dashboard: Organisations can manage everything from tacho downloads to infringement resolution in one central location, increasing speed and accuracy.



VDO-powered European rulesets: Leveraging industry-leading infringement analysis from VDO across 17+ countries, with ongoing updates to support evolving EU regulations.



Digital coaching workflows: Integrated tools for driver debriefs and self-acknowledgment turns data into meaningful, actionable coaching.



Compliance KPIs: High-level dashboards allow managers to track improvements and identify trends at a glance.



The stakes for maintaining compliance have never been higher. In 2024, tachograph offenses accounted for 58% of all DVSA HGV prosecutions, and the regulatory landscape continues to evolve. Starting in July 2026, these requirements will extend to cross-border LCVs over 2.5 tonnes, putting additional pressure on international fleets. For many organisations, the risk of non-compliance goes beyond financial penalties; it can lead to the loss of their operator’s licence, making a unified, reliable compliance platform an essential part of their long-term resilience.


Samsara helps physical operations organisations improve safety and efficiency. By moving to an integrated, data-driven system, fleets can reduce administrative costs and significantly cut down on fines. With costs of up to £5,000 per infringement and the risk of suspension or loss of an Operator's License, proactive compliance is critical for fleet operations. This approach also boosts driver retention by replacing punitive measures with helpful, respectful coaching.


"Our customers' operations in Europe are some of the most complex in the world, and there is a huge opportunity to use AI to spot risks and avoid infringements,” said Praveen Murugesan, VP of Engineering EMEA. “Smart Compliance takes the guesswork out of compliance by automating the toil that office teams grapple with every day. We're super excited to provide the technology that keeps these essential supply chains moving safely."


Samsara’s Smart Compliance will be available from today, for fleets across the EU and in the UK. To learn more, visit samsara.com/eu-smart-compliance.


About Samsara


Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.


Samsara is a registered trademark of Samsara Inc. All other brand names, product names or trademarks belong to their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421086632/en/
Lana Taylor

media@samsara.com


Original: Samsara Launches Smart Compliance for Fleets

Samsara’s FY26 Shows Accelerated Growth at Scale as AI Platform Delivers Clear Benefits to Organizations Powering the Global EconomyMarch 5, 2026 4:15 PM
Business Wire

$1.9B in FY26 ARR1, 30% YoY growth, representing a year of durable and efficient growth



$432M in FY26 net new ARR, 21% YoY growth, demonstrating accelerated growth at a much larger scale



$1.2B in ARR from $100K+ customers in FY26, 37% YoY growth, showing momentum is strongest with its largest customers



25T+ data points flow through the Samsara platform annually, a growing and proprietary data asset that fuels a powerful network effect



 


Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations® Platform, today announced strong financial results and performance for the fourth quarter and fiscal year 2026, highlighted by:


Q4 FY26 Results:



$444M in Q4 revenue, 28% YoY increase



13 $1M+ net new ACV transactions in Q4, a quarterly record



Second consecutive quarter of GAAP profitability



Ending FY26 Results:



$1.9B in FY26 ARR, 30% YoY growth



$432M in FY26 net new ARR, 21% YoY growth



$1.2B in ARR from its $100K+ customer cohort in FY26, 37% YoY growth



Delivering Impact with Industry-Leading Operators


Physical operations organizations select Samsara to solve their most complex challenges, driving innovations that enhance their own performance while delivering a profound safety impact for all who share the roads.


In FY26, Samsara and its customers2:



Prevented 380K accidents



Traveled 100B safer miles



Digitized 340M workflows



Samsara demonstrated its ability to scale across diverse sectors through key Q4 wins and expansions, featuring a wide range of public and private sector leaders, including Dawsongroup, Estes, Groundworks, North American Central School Bus, Southern California Edison, The Metropolitan Transit Authority of Harris County, Texas, Total Safety, and Werner Enterprises.


Many customers extend beyond their initial deployment in vehicles and into trailers, assets, routing, navigation, and maintenance as they digitize their entire operations with Samsara. Estes, the largest privately held freight transportation company in North America, is one example expansion from Q4. After partnering for Video-Based Safety and Telematics, Estes added Equipment Monitoring (Asset Gateways and Asset Tags) and Connected Asset Maintenance, unifying its operations on the Samsara platform.


Why Samsara is Well-Positioned for Durable Growth


Samsara serves the backbone of the global economy—essential organizations that rely heavily on physical assets and labor. While customers often realize immediate ROI by connecting their operations to the cloud, the digitization of physical operations is a multi-decade opportunity that represents a massive, long-term growth runway for Samsara.


The company continues to differentiate its position through a unique and defensible data advantage, AI innovation, and strong customer partnerships. By instrumenting physical assets with IoT devices, Samsara generates an expansive, proprietary data set that is increasingly difficult to replicate. As of FY26, the company processes more than 25T data points annually.


This foundational moat fuels a powerful data network effect: as Samsara adds more customers and assets, its AI models become more insightful for everyone on the platform, creating a compounding advantage.


“Since our founding more than a decade ago, we have committed to digitizing the world’s physical operations,” said Sanjit Biswas, co-founder and CEO at Samsara. “This transformation occurs in three phases: it starts with connecting assets and frontline workers, then surfacing insights with AI, and ultimately automating entire workflows with AI agents. Our platform is foundational to our customers’ safety and performance, and we remain focused on delivering clear outcomes throughout their digitization journey.”


To learn more about Samsara’s Q4 and FY26 results, visit its Investor Relations website. For information about recent product innovations, visit:



Samsara Launches Asset Tag XS, Integrates Hubble’s Terrestrial Network of 90M Consumer Smartphones to Further Strengthen Network



Introducing Samsara Coach: AI-Powered Driver Coaching at Scale



About Samsara


Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.


Forward-Looking Statements and Other Legal Notices


This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to management. These statements relate to, but are not limited to, current expectations about our market opportunity, product adoption by our customers, and the expansion of our product offerings, as well as assumptions relating to the foregoing. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including those described in our filings and reports that we may file from time to time with the Securities and Exchange Commission. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.


Samsara is a registered trademark of Samsara Inc. All other brand names, product names or trademarks belong to their respective holders.



_________________________



1 Samsara defines ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date.








2 Internal estimates for FY26.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305964933/en/
Media Contact

Stephanie Burke

media@samsara.com


Investor Contact

Mike Chang

ir@samsara.com


Original: Samsara’s FY26 Shows Accelerated Growth at Scale as AI Platform Delivers Clear Benefits to Organizations Powering the Global Economy

Samsara Reports Fourth Quarter and Full Fiscal Year 2026 Financial ResultsMarch 5, 2026 4:10 PM
Business Wire

Q4 revenue of $444.3 million, representing 28% year-over-year growth in actuals and 27% in constant currency



Q4 net new ARR of $144.8 million representing 33% year-over-year growth in actuals and 31% in constant currency



Ending ARR of $1.890 billion, representing 30% year-over-year growth in actuals and in constant currency



GAAP earnings per share of $0.04, representing the second consecutive quarter of GAAP profitability



Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations® Platform, reported financial results for the fourth quarter and fiscal year ended January 31, 2026, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com.


“Fiscal year 2026 was an outstanding year of durable and efficient growth. We ended the year with $1.9 billion of ARR, an increase of 30% year-over-year in constant currency. Within that, we added $432 million of net new ARR, an increase of 21% year-over-year growth in constant currency, accelerating year-over-year at a larger scale,” said Sanjit Biswas, CEO and co-founder of Samsara. “Our performance is driven by the scale of our data asset, which now captures more than 25 trillion data points annually to fuel our AI-powered platform. This proprietary data is ushering in a new phase of digitization. We are now unleashing AI agents, like our AI Safety coach, to automate entire workflows and transform our customers’ operations. We are innovating at an unprecedented pace and are excited to deliver even greater impact for our customers who keep the global economy running.”




Fourth Quarter Fiscal Year 2026 Financial Highlights




(In millions, except percentage, percentage points, and per share data)












 



 






Q4 FY2026






 






Q4 FY2025






 






Y/Y Change








Annual Recurring Revenue (ARR)






$






1,889.9






 






 






$






1,457.9






 






 






 






30






%








ARR adjusted for constant currency (1)






$






1,888.5






 






 






$






1,457.9






 






 






 






30






%








Total revenue






$






444.3






 






 






$






346.3






 






 






 






28






%








Total revenue adjusted for constant currency (1)






$






439.8






 






 






$






346.3






 






 






 






27






%








GAAP gross profit






$






338.4






 






 






$






266.0






 






 






$






72.4






 








GAAP gross margin






 






76






%






 






 






77






%






 






(1 pt)








Non-GAAP gross profit






$






343.2






 






 






$






269.8






 






 






$






73.4






 








Non-GAAP gross margin






 






77






%






 






 






78






%






 






(1 pt)








GAAP income (loss) from operations






$






9.0






 






 






$






(18.4






)






 






$






27.4






 








GAAP operating margin






 






2






%






 






 






(5






%)






 






7 pts








Non-GAAP operating income






$






91.8






 






 






$






55.9






 






 






$






35.9






 








Non-GAAP operating margin






 






21






%






 






 






16






%






 






5 pts








GAAP net income (loss) per share, basic and diluted






$






0.04






 






 






$






(0.02






)






 






$






0.06






 








Non-GAAP net income per share, basic and diluted






$






0.18






 






 






$






0.11






 






 






$






0.07






 








Net cash provided by operating activities






$






69.7






 






 






$






53.9






 






 






$






15.8






 








Net cash provided by operating activities margin






 






16






%






 






 






16






%






 






— pts








Adjusted free cash flow






$






62.9






 






 






$






48.5






 






 






$






14.4






 








Adjusted free cash flow margin






 






14






%






 






 






14






%






 






— pts









__________








Note: Numbers are rounded for presentation purposes.









Fiscal Year 2026 Financial Highlights




(In millions, except percentage, percentage points, and per share data)












 



 






FY 2026






 






FY 2025






 






Y/Y Change








ARR






$






1,889.9






 






 






$






1,457.9






 






 






 






30






%








ARR adjusted for constant currency (1)






$






1,888.5






 






 






$






1,457.9






 






 






 






30






%








Total revenue






$






1,618.6






 






 






$






1,249.2






 






 






 






30






%








Total revenue adjusted for constant currency (1)






$






1,616.6






 






 






$






1,249.2






 






 






 






29






%








GAAP gross profit






$






1,242.1






 






 






$






950.9






 






 






$






291.2






 








GAAP gross margin






 






77






%






 






 






76






%






 






1 pts








Non-GAAP gross profit






$






1,260.7






 






 






$






966.2






 






 






$






294.5






 








Non-GAAP gross margin






 






78






%






 






 






77






%






 






1 pts








GAAP loss from operations






$






(52.6






)






 






$






(190.0






)






 






$






137.5






 








GAAP operating margin






 






(3






%)






 






 






(15






%)






 






12 pts








Non-GAAP operating income






$






282.4






 






 






$






113.6






 






 






$






168.8






 








Non-GAAP operating margin






 






17






%






 






 






9






%






 






8 pts








GAAP net loss per share, basic and diluted






$






(0.02






)






 






$






(0.28






)






 






$






0.26






 








Non-GAAP net income per share, basic






$






0.57






 






 






$






0.27






 






 






$






0.30






 








Non-GAAP net income per share, diluted






$






0.56






 






 






$






0.26






 






 






$






0.30






 








Net cash provided by operating activities






$






236.2






 






 






$






131.7






 






 






$






104.5






 








Net cash provided by operating activities margin






 






15






%






 






 






11






%






 






4 pts








Adjusted free cash flow






$






208.7






 






 






$






111.5






 






 






$






97.2






 








Adjusted free cash flow margin






 






13






%






 






 






9






%






 






4 pts









__________








Note: Numbers are rounded for presentation purposes.









 


(1)


ARR and revenue are adjusted for constant currency. See the section titled “Operating Metrics and Non-GAAP Financial Measures” for constant currency methodology.







We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles (“GAAP”). See the section titled “Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures and the tables in the section titled “Reconciliation Between GAAP and Non-GAAP Financial Measures” for a reconciliation of GAAP to non-GAAP financial measures.


Financial Outlook


Our guidance includes GAAP and non-GAAP financial measures. For the first quarter and fiscal year 2027, Samsara expects the following:




 






Q1 FY2027 Outlook






 






FY 2027 Outlook








Total revenue






$454 million – $456 million






 






$1.965 billion – $1.975 billion








Year/Year revenue growth






24%






 






21% – 22%








Year/Year revenue growth in constant currency (1)






22% – 23%






 






21%








Non-GAAP operating margin (2)






15%






 






19%








Non-GAAP net income per share, diluted (2)






$0.12 – $0.13






 






$0.65 – $0.69








GAAP net income per share, diluted






 






 






GAAP Profitable









__________







(1)


Constant currency impact to revenue guidance is expected to be a $5M positive impact for Q1 FY27 and a $11M positive impact for FY27. See the section titled “Operating Metrics and Non-GAAP Financial Measures” for constant currency methodology.







(2)


Other than with respect to revenue growth adjusted for constant currency, a reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, that may be incurred in the future and cannot be reasonably determined or predicted at this time. It is important to note that these factors could be material to our results of operations calculated in accordance with GAAP.







About Samsara


Samsara is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, assets, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in construction, transportation, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.


Forward-Looking Statements


This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, the calculation of certain of our key financial and operating metrics, our market opportunity, industry developments and trends, macroeconomic conditions, customer purchasing, adoption of and expected results from our Connected Operations Platform, including cost savings and return on investment, our pace of product development, our product roadmap, and our technological capability, including AI, and our competitive position, as well as assumptions relating to the foregoing.


Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and could cause actual results and events to differ. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “goal,” “guidance,” “intend,” “may,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or the negative of these terms or other comparable expressions that concern our expectations, strategies, plans, or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are based on information available at the time those statements are made, including information furnished to us by third parties that we have not independently verified, and/or management’s good faith beliefs and assumptions as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.


These risks and uncertainties include our ability to retain customers and expand the use of our solution by our customers, our ability to attract new customers, our future financial performance, including trends in revenue and annual recurring revenue, net retention rate, costs of revenue, gross profit or gross margin, operating expenses, customer counts, non-GAAP financial measures (such as revenue adjusted for constant currency, year-over-year revenue growth adjusted for constant currency, non-GAAP gross margin, non-GAAP operating margin, free cash flow and free cash flow margin, and adjusted free cash flow and adjusted free cash flow margin), our ability to achieve or maintain profitability, the demand for our products or for solutions for connected operations in general, the impact of geopolitical tension, the emergence of public health crises, and similar macroeconomic events, including financial distress caused by bank failures, the impact of political elections in the United States and abroad, global supply chain challenges, increased costs (such as increases in the cost of memory and computing), foreign currency fluctuations, elevated inflation and interest rates, and changes to monetary, fiscal, and trade (including tariff) policies, on our and our customers’ and partners’ respective businesses, the length of our sales cycles, possible harm caused by a security breach or other incident affecting our or our customers’ assets or data, our ability to compete successfully in competitive markets, our ability to respond to rapid technological changes, and our ability to continue to innovate and develop new Applications. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings and reports that we may file from time to time with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.


Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.


Use of Non-GAAP Financial Measures


This document includes certain non-GAAP financial measures. Reconciliations of non-GAAP financial measures to our financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data.


Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow and adjusted free cash flow do not reflect our future contractual commitments or the total increase or decrease of our cash balance for a given period. These and other limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business.


We present these non-GAAP financial measures to assist investors in seeing Samsara’s operating results through the eyes of management and because we believe that these measures provide an additional tool for investors to evaluate our business.


Expenses (Income) Excluded from Non-GAAP Performance Financial Measures—Stock-based compensation expense-related charges include the amortization of deferred stock-based compensation expense for internal-use software and cloud computing arrangements and employer taxes on employee equity transactions. Stock-based compensation expense is a non-cash expense and is dependent on our stock price, which is beyond our control. Accordingly, we find it useful to exclude stock-based compensation expense in order to better understand our ongoing operational performance. Employer taxes on employee equity transactions, which are cash expenses, are excluded because such taxes are directly tied to the timing and size of employee equity transactions and the future fair market value of our common stock, which may vary from period to period independent of the operating performance of our business.


Lease modification, impairment, and related charges, and legal settlements are excluded because management believes that such charges are not reflective of our ongoing operational performance.


Operating Metrics and Non-GAAP Financial Measures


Annual Recurring Revenue (ARR)—We define ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date.


Net New ARR—Net new ARR is calculated as the difference between the annualized value of subscription contracts that have commenced revenue recognition as of the end of the reporting period and the annualized value of subscription contracts that have commenced revenue recognition as of the end of the prior reporting period.


Constant Currency—Constant currency is a methodology for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current period results for customer contracts denominated in currencies other than U.S. dollars are converted into U.S. dollars using the average currency exchange rates in effect during the comparative period, rather than the actual currency exchange rates in effect during the current period. For ARR and net new ARR, customer contracts denominated in currencies other than U.S. dollars are translated into U.S. dollars based on the currency exchange rate as of the day of the effective date of the contract. For guidance, currency impact on total revenue growth is derived by applying the average currency exchange rates in effect during the comparative period, rather than the currency exchange rates for the guidance period.


Customer—We define a customer as an entity, or group of affiliated entities with a shared parent organization, that has ARR of greater than $1,000 at the end of a reporting period. Determinations regarding the relationship between customer entities are primarily based on publicly available information and information supplied to us by our customers, and we have not independently verified the legal relationship between entities in all cases. Our customer count is subject to adjustments for acquisitions, spin-offs, segmentation by geography, and other market and commercial activity.


Non-GAAP Gross Profit and Non-GAAP Gross Margin—We define non-GAAP gross profit as gross profit excluding the effect of stock-based compensation expense-related charges included in cost of revenue. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of total revenue. We use non-GAAP gross profit and non-GAAP gross margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.


Non-GAAP Operating Income (Loss) and Non-GAAP Operating Margin—We define non-GAAP operating income (loss) as income (loss) from operations excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Non-GAAP operating margin is defined as non-GAAP operating income (loss) as a percentage of total revenue. We use non-GAAP operating income (loss) and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP operating income (loss) and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.


Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per Share—We define non-GAAP net income (loss) as net income (loss) excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Our non-GAAP net income (loss) per share–basic is calculated by dividing non-GAAP net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share–diluted is calculated by giving effect to all potentially dilutive common stock equivalents (stock options, restricted stock units, and shares issued under our 2021 Employee Stock Purchase Plan) to the extent they are dilutive. Non-GAAP net loss per share–diluted is the same as non-GAAP net loss per share–basic as the inclusion of all potential dilutive common stock equivalents would be antidilutive. We use non-GAAP net income (loss) and non-GAAP net income (loss) per share in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP net income (loss) and non-GAAP net income (loss) per share provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.


Free Cash Flow and Free Cash Flow Margin—We define free cash flow as net cash provided by (used in) operating activities reduced by cash used for purchases of property and equipment. Free cash flow margin is calculated as free cash flow as a percentage of total revenue. We believe that free cash flow and free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives.


Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin—We define adjusted free cash flow as free cash flow excluding the cash impact of non-recurring capital expenditures associated with the build-out of our corporate office facilities in San Francisco, California, net of tenant allowances, and legal settlements. Adjusted free cash flow margin is calculated as adjusted free cash flow as a percentage of total revenue. We believe that adjusted free cash flow and adjusted free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives by excluding the impact of non-recurring events.


Webcast Information and Shareholder Letter


An investor presentation and accompanying shareholder letter is accessible from the Samsara investor relations website at https://investors.samsara.com/. Samsara will host a live webcast to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. The live webcast may be accessed at https://investors.samsara.com/. Following the webcast, a replay will be accessible from the same website.




SAMSARA INC.




CONDENSED CONSOLIDATED BALANCE SHEETS




(In thousands)




(Unaudited)








 



 






As of








 






January 31, 2026






 






February 1, 2025








Assets






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






318,789






 






 






$






227,576






 








Restricted cash, current







6,054






 






 







—






 








Short-term investments






 






515,003






 






 






 






467,222






 








Accounts receivable, net






 






321,442






 






 






 






234,016






 








Inventories






 






48,194






 






 






 






38,911






 








Connected device costs, current






 






142,904






 






 






 






119,323






 








Deferred commissions, current






 






85,463






 






 






 






67,120






 








Prepaid expenses and other current assets






 






69,269






 






 






 






58,106






 








Total current assets






 






1,507,118






 






 






 






1,212,274






 








Restricted cash, non-current






 






—






 






 






 






18,218






 








Long-term investments






 






403,123






 






 






 






282,652






 








Property and equipment, net






 






81,607






 






 






 






58,151






 








Operating lease right-of-use assets






 






60,303






 






 






 






64,864






 








Connected device costs, non-current






 






297,245






 






 






 






242,928






 








Deferred commissions, non-current






 






176,415






 






 






 






142,221






 








Other assets






 






14,863






 






 






 






2,994






 








Total assets






$






2,540,674






 






 






$






2,024,302






 








Liabilities and stockholders’ equity






 






 






 








Current liabilities:






 






 






 








Accounts payable






$






47,680






 






 






$






64,017






 








Accrued expenses and other current liabilities






 






102,073






 






 






 






74,976






 








Accrued compensation and benefits






 






75,403






 






 






 






43,443






 








Deferred revenue, current






 






679,316






 






 






 






563,254






 








Operating lease liabilities, current






 






12,566






 






 






 






15,656






 








Total current liabilities






 






917,038






 






 






 






761,346






 








Deferred revenue, non-current






 






129,726






 






 






 






122,516






 








Operating lease liabilities, non-current






 






60,202






 






 






 






64,622






 








Other liabilities






 






13,261






 






 






 






6,622






 








Total liabilities






 






1,120,227






 






 






 






955,106






 








Stockholders’ equity:






 






 






 








Preferred stock






 






—






 






 






 






—






 








Class A common stock






 






13






 






 






 






12






 








Class B common stock






 






23






 






 






 






23






 








Class C common stock






 






—






 






 






 






—






 








Additional paid-in capital






 






3,035,176






 






 






 






2,680,012






 








Accumulated other comprehensive income (loss)






 






4,357






 






 






 






(846






)








Accumulated deficit






 






(1,619,122






)






 






 






(1,610,005






)








Total stockholders’ equity






 






1,420,447






 






 






 






1,069,196






 








Total liabilities and stockholders’ equity






$






2,540,674






 






 






$






2,024,302






 









SAMSARA INC.




CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)




(In thousands, except share and per share data)




(Unaudited)










 



 






Three Months Ended






 






Fiscal Year Ended








 






January 31, 2026






 






February 1, 2025






 






January 31, 2026






 






February 1, 2025








Revenue






$






444,296






 






$






346,290






 






 






$






1,618,635






 






 






$






1,249,199






 








Cost of revenue






 






105,915






 






 






80,304






 






 






 






376,549






 






 






 






298,321






 








Gross profit






 






338,381






 






 






265,986






 






 






 






1,242,086






 






 






 






950,878






 








Operating expenses:






 






 






 






 






 






 






 








Research and development






 






89,516






 






 






73,277






 






 






 






344,589






 






 






 






299,716






 








Sales and marketing






 






175,905






 






 






152,653






 






 






 






683,780






 






 






 






601,648






 








General and administrative






 






63,941






 






 






57,199






 






 






 






266,293






 






 






 






234,609






 








Lease modification, impairment, and related charges






 






—






 






 






419






 






 






 






—






 






 






 






4,028






 








Legal settlement






 






—






 






 






850






 






 






 






—






 






 






 






850






 








Total operating expenses






 






329,362






 






 






284,398






 






 






 






1,294,662






 






 






 






1,140,851






 








Income (loss) from operations






 






9,019






 






 






(18,412






)






 






 






(52,576






)






 






 






(189,973






)








Interest income and other income, net






 






18,517






 






 






9,792






 






 






 






53,482






 






 






 






39,559






 








Income (loss) before provision for income taxes






 






27,536






 






 






(8,620






)






 






 






906






 






 






 






(150,414






)








Provision for income taxes






 






5,498






 






 






2,582






 






 






 






10,023






 






 






 






4,493






 








Net income (loss)






$






22,038






 






$






(11,202






)






 






$






(9,117






)






 






$






(154,907






)








Other comprehensive income (loss):






 






 






 






 






 






 






 








Foreign currency translation adjustments, net of tax






 






1,447






 






 






(732






)






 






 






3,452






 






 






 






(2,503






)








Unrealized gains (losses) on investments, net of tax






 






110






 






 






(114






)






 






 






1,751






 






 






 






41






 








Total other comprehensive income (loss)






 






1,557






 






 






(846






)






 






 






5,203






 






 






 






(2,462






)








Comprehensive income (loss)






$






23,595






 






$






(12,048






)






 






$






(3,914






)






 






$






(157,369






)








Basic and diluted net income (loss) per share:






 






 






 






 






 






 






 








Net income (loss) per share, basic and diluted






$






0.04






 






$






(0.02






)






 






$






(0.02






)






 






$






(0.28






)








Weighted-average shares used in computing net income (loss) per share, basic






 






578,978,974






 






 






563,692,988






 






 






 






573,483,155






 






 






 






556,317,440






 








Weighted-average shares used in computing net income (loss) per share, diluted






 






587,619,051






 






 






563,692,988






 






 






 






573,483,155






 






 






 






556,317,440






 









SAMSARA INC.




CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS




(In thousands)




(Unaudited)










 



 






Three Months Ended






 






Fiscal Year Ended








 






January 31, 2026






 






February 1, 2025






 






January 31, 2026






 






February 1, 2025








Operating activities






 






 






 






 






 






 






 








Net income (loss)






$






22,038






 






 






$






(11,202






)






 






$






(9,117






)






 






$






(154,907






)








Adjustments to reconcile net income (loss) to net cash provided by operating activities:






 






 






 






 






 






 






 








Depreciation and amortization






 






7,432






 






 






 






4,804






 






 






 






24,048






 






 






 






20,649






 








Stock-based compensation expense






 






78,926






 






 






 






69,018






 






 






 






314,983






 






 






 






277,870






 








Net accretion of discounts on investments






 






(2,804






)






 






 






(3,122






)






 






 






(10,585






)






 






 






(15,295






)








Lease modification, impairment, and related charges






 






—






 






 






 






(80






)






 






 






—






 






 






 






3,529






 








Other






 






(296






)






 






 






(2,226






)






 






 






3,460






 






 






 






1,766






 








Changes in operating assets and liabilities:






 






 






 






 






 






 






 








Accounts receivable, net






 






(109,786






)






 






 






(52,339






)






 






 






(144,676






)






 






 






(75,531






)








Inventories






 






6,064






 






 






 






(2,235






)






 






 






(19,095






)






 






 






(22,416






)








Prepaid expenses and other current assets






 






(13,300






)






 






 






(23,784






)






 






 






(7,657






)






 






 






(6,885






)








Connected device costs






 






(45,214






)






 






 






(12,333






)






 






 






(74,535






)






 






 






(27,460






)








Deferred commissions






 






(22,390






)






 






 






(13,328






)






 






 






(51,312






)






 






 






(31,779






)








Other assets






 






(1,166






)






 






 






3,616






 






 






 






(4,347






)






 






 






4,438






 








Accounts payable and other liabilities






 






99,737






 






 






 






51,074






 






 






 






97,723






 






 






 






37,283






 








Deferred revenue






 






50,756






 






 






 






46,047






 






 






 






116,525






 






 






 






120,283






 








Operating lease liabilities






 






(264






)






 






 






(51






)






 






 






795






 






 






 






114






 








Net cash provided by operating activities






 






69,733






 






 






 






53,859






 






 






 






236,210






 






 






 






131,659






 








Investing activities






 






 






 






 






 






 






 








Purchases of property and equipment






 






(8,018






)






 






 






(5,347






)






 






 






(28,766






)






 






 






(20,177






)








Purchases of investments






 






(230,343






)






 






 






(123,392






)






 






 






(873,467






)






 






 






(649,478






)








Proceeds from sales of investments






 






—






 






 






 






—






 






 






 






—






 






 






 






1,247






 








Proceeds from maturities and redemptions of investments






 






183,690






 






 






 






129,221






 






 






 






714,050






 






 






 






601,987






 








Other investing activities






 






(150






)






 






 






—






 






 






 






(1,350






)






 






 






(200






)








Net cash provided by (used in) investing activities






 






(54,821






)






 






 






482






 






 






 






(189,533






)






 






 






(66,621






)








Financing activities






 






 






 






 






 






 






 








Proceeds from issuance of common stock from equity compensation plans






 






12,111






 






 






 






11,840






 






 






 






30,856






 






 






 






28,799






 








Other financing activities






 






(87






)






 






 






(351






)






 






 






(928






)






 






 






(1,698






)








Net cash provided by financing activities






 






12,024






 






 






 






11,489






 






 






 






29,928






 






 






 






27,101






 








Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash






 






1,527






 






 






 






(625






)






 






 






2,444






 






 






 






(1,083






)








Net increase in cash, cash equivalents, and restricted cash






 






28,463






 






 






 






65,205






 






 






 






79,049






 






 






 






91,056






 








Cash, cash equivalents, and restricted cash, beginning of period






 






296,380






 






 






 






180,589






 






 






 






245,794






 






 






 






154,738






 








Cash, cash equivalents, and restricted cash, end of period






$






324,843






 






 






$






245,794






 






 






$






324,843






 






 






$






245,794






 









SAMSARA INC.




RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES




(In thousands, except percentages and per share data)




(Unaudited)










 



 






Three Months Ended






 






Fiscal Year Ended








 






January 31, 2026






 






February 1, 2025






 






January 31, 2026






 






February 1, 2025








Total revenue and revenue growth reconciliation






 






 






 






 






 






 






 








GAAP revenue






$






444,296






 






 






$






346,290






 






 






$






1,618,635






 






 






$






1,249,199






 








Add:






 






 






 






 






 






 






 








Constant currency adjustment






 






(4,446






)






 






 






—






 






 






 






(2,061






)






 






 






—






 








Revenue adjusted for constant currency (1)






$






439,850






 






 






$






346,290






 






 






$






1,616,574






 






 






$






1,249,199






 








GAAP revenue growth






 






28






%






 






 






25






%






 






 






30






%






 






 






33






%








Revenue growth in constant currency (1)






 






27






%






 






 






25






%






 






 






29






%






 






 






33






%








 






 






 






 






 






 






 






 








Gross profit and gross margin reconciliation






 






 






 






 






 






 






 








GAAP gross profit






$






338,381






 






 






$






265,986






 






 






$






1,242,086






 






 






$






950,878






 








Add:






 






 






 






 






 






 






 








Stock-based compensation expense-related charges (2)






 






4,819






 






 






 






3,765






 






 






 






18,575






 






 






 






15,349






 








Non-GAAP gross profit






$






343,200






 






 






$






269,751






 






 






$






1,260,661






 






 






$






966,227






 








GAAP gross margin






 






76






%






 






 






77






%






 






 






77






%






 






 






76






%








Non-GAAP gross margin






 






77






%






 






 






78






%






 






 






78






%






 






 






77






%








 






 






 






 






 






 






 






 








Operating income (loss) and operating margin reconciliation






 






 






 






 






 






 






 








GAAP income (loss) from operations






$






9,019






 






 






$






(18,412






)






 






$






(52,576






)






 






$






(189,973






)








Add:






 






 






 






 






 






 






 








Stock-based compensation expense-related charges (2)






 






82,819






 






 






 






73,068






 






 






 






334,975






 






 






 






298,647






 








Lease modification, impairment, and related charges






 






—






 






 






 






419






 






 






 






—






 






 






 






4,028






 








Legal settlement (3)






 






—






 






 






 






850






 






 






 






—






 






 






 






850






 








Non-GAAP operating income






$






91,838






 






 






$






55,925






 






 






$






282,399






 






 






$






113,552






 








GAAP operating margin






 






2






%






 






 






(5






%)






 






 






(3






%)






 






 






(15






%)








Non-GAAP operating margin






 






21






%






 






 






16






%






 






 






17






%






 






 






9






%








 






 






 






 






 






 






 






 








Net income (loss) reconciliation






 






 






 






 






 






 






 








GAAP net income (loss)






$






22,038






 






 






$






(11,202






)






 






$






(9,117






)






 






$






(154,907






)








Add:






 






 






 






 






 






 






 








Stock-based compensation expense-related charges (2)






 






82,819






 






 






 






73,068






 






 






 






334,975






 






 






 






298,647






 








Lease modification, impairment, and related charges






 






—






 






 






 






419






 






 






 






—






 






 






 






4,028






 








Legal settlement (3)






 






—






 






 






 






850






 






 






 






—






 






 






 






850






 








Non-GAAP net income (4)






$






104,857






 






 






$






63,135






 






 






$






325,858






 






 






$






148,618






 









SAMSARA INC.




RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES




(In thousands, except percentages and per share data)




(Unaudited)










 



 






Three Months Ended






 






Fiscal Year Ended








 






January 31, 2026






 






February 1, 2025






 






January 31, 2026






 






February 1, 2025








Net income (loss) per share, basic and diluted, reconciliation






 






 






 






 






 






 






 








GAAP net income (loss) per share, basic






$






0.04






 






$






(0.02






)






 






$






(0.02






)






 






$






(0.28






)








Total impact on net income (loss) per share, basic, from non-GAAP adjustments






 






0.14






 






 






0.13






 






 






 






0.59






 






 






 






0.55






 








Non-GAAP net income per share, basic






$






0.18






 






$






0.11






 






 






$






0.57






 






 






$






0.27






 








 






 






 






 






 






 






 






 








GAAP net income (loss) per share, diluted (5)






$






0.04






 






$






(0.02






)






 






$






(0.02






)






 






$






(0.28






)








Total impact on net income (loss) per share, diluted, from non-GAAP adjustments






 






0.14






 






 






0.13






 






 






 






0.58






 






 






 






0.54






 








Non-GAAP net income per share, diluted (5)






$






0.18






 






$






0.11






 






 






$






0.56






 






 






$






0.26






 








 






 






 






 






 






 






 






 








Weighted-average shares used in computing GAAP and non-GAAP net income (loss) per share, basic






 






578,978,974






 






 






563,692,988






 






 






 






573,483,155






 






 






 






556,317,440






 








Weighted-average shares used in computing GAAP net income (loss) per share, diluted (5)






 






587,619,051






 






 






563,692,988






 






 






 






573,483,155






 






 






 






556,317,440






 








Weighted-average shares used in computing non-GAAP net income per share, diluted (5)






 






587,619,051






 






 






583,103,329






 






 






 






585,363,583






 






 






 






578,287,245






 









SAMSARA INC.




RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES




(In thousands, except percentages and per share data)




(Unaudited)










 



 






Three Months Ended






 






Fiscal Year Ended








 






January 31, 2026






 






February 1, 2025






 






January 31, 2026






 






February 1, 2025








Free cash flow, adjusted free cash flow, free cash flow margin, and adjusted free cash flow margin reconciliation






 






 






 






 






 






 






 








Net cash provided by operating activities






$






69,733






 






 






$






53,859






 






 






$






236,210






 






 






$






131,659






 








Purchases of property and equipment






 






(8,018






)






 






 






(5,347






)






 






 






(28,766






)






 






 






(20,177






)








Free cash flow






$






61,715






 






 






$






48,512






 






 






$






207,444






 






 






$






111,482






 








Legal settlement (6)






 






1,217






 






 






 






—






 






 






 






1,217






 






 






 






—






 








Adjusted free cash flow






$






62,932






 






 






$






48,512






 






 






$






208,661






 






 






$






111,482






 








Net cash provided by operating activities margin






 






16






%






 






 






16






%






 






 






15






%






 






 






11






%








Free cash flow margin






 






14






%






 






 






14






%






 






 






13






%






 






 






9






%








Adjusted free cash flow margin






 






14






%






 






 






14






%






 






 






13






%






 






 






9






%









__________







(1)


To facilitate comparability across periods, revenue and revenue growth are adjusted for constant currency by excluding the effect of foreign currency rate fluctuations.







(2)


Stock-based compensation expense-related charges were included in the following line items of our condensed consolidated statements of operations and comprehensive income (loss) as follows:









 






Three Months Ended






 






Fiscal Year Ended








 






January 31, 2026






 






February 1, 2025






 






January 31, 2026






 






February 1, 2025








Cost of revenue






$






4,819






 






 






$






3,765






 






 






$






18,575






 






 






$






15,349






 








Research and development






 






32,577







 






 






25,174







 






 






125,314







 






 






107,250









Sales and marketing






 






22,377






 






 






 






23,628






 






 






 






94,697






 






 






 






90,471






 








General and administrative






 






23,046






 






 






 






20,501






 






 






 






96,389






 






 






 






85,577






 








Total stock-based compensation expense-related charges (7)






$






82,819






 






 






$






73,068






 






 






$






334,975






 






 






$






298,647






 








(3)


In January 2025, we settled in principle non-recurring litigation and recognized a one-time operating expense charge of $0.9 million for the three months and fiscal year ended February 1, 2025.







(4)


There were no material income tax effects on our non-GAAP adjustments for all periods presented.







(5)


For each period in which we had net income, diluted net income per share is calculated using weighted-average number of shares of common stock outstanding during the period, adjusted for dilutive potential shares that were assumed outstanding during the period.







(6)


In November 2025, we settled a non-recurring legal matter, net of insurance proceeds, for $1.2 million.







(7)


Stock-based compensation expense-related charges included amortization of capitalized stock-based compensation expense of approximately $1.1 million and $3.7 million for the three months and fiscal year ended January 31, 2026, respectively, and approximately $0.6 million and $2.2 million for the three months and fiscal year ended February 1, 2025, respectively, which was initially capitalized as internal-use software or cloud computing arrangements. Stock-based compensation expense-related charges also included approximately $2.8 million and $16.3 million of employer taxes on employee equity transactions for the three months and fiscal year ended January 31, 2026, respectively, and approximately $3.4 million and $18.6 million of employer taxes on employee equity transactions for the three months and fiscal year ended February 1, 2025, respectively.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305580818/en/
Investor Contact:

Mike Chang

ir@samsara.com


Media Contact:

Stephanie Burke

media@samsara.com


Original: Samsara Reports Fourth Quarter and Full Fiscal Year 2026 Financial Results