US Market News
6日前
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
US Market News
3月前
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
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
BeardOfWallSt
9月前
jb55
2年前
Monksdream
2年前
メールアドレスで登録
