Samsara Q2 revenue beats estimates on large-customer growth

Samsara

03/09/2026 21:24

Overview
U.S. connected operations platform's fiscal Q2 revenue rose 30%, beating analyst expectations
Adjusted EPS for fiscal Q2 beat analyst expectations
Company cites strong growth among large customers and rising adoption of new AI features

Outlook
Samsara sees Q3 revenue at $514 mln–$516 mln and full-year revenue at $2.043 bln–$2.047 bln
Company expects non-GAAP net income per share of $0.18–$0.19 for Q3 and $0.76–$0.78 for FY2027
Samsara expects to remain GAAP profitable for Q3 and full-year 2027

Result Drivers
LARGE CUSTOMER GROWTH - Customers with ARR over $1 mln generated over $500 mln of ARR, representing over 50% year-over-year growth for the third consecutive quarter
AI FEATURE ADOPTION - Customer adoption of latest AI features is up more than 4x in the last two months, per CEO Sanjit Biswas
OPERATING LEVERAGE - Revenue growth helped expand non-GAAP operating margin and supported a fourth consecutive quarter of GAAP profitability

Company press release: ID:nBwnVwKca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$508.40 mln
$483.26 mln (19 Analysts)
Q2 Adjusted EPS
Beat
$0.20
$0.16 (20 Analysts)
Q2 Adjusted Gross Margin
 
78.00%
 
Q2 Adjusted Operating Margin
 
21.00%
 
Q2 Gross Profit
 
$392.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Samsara Inc. is $44.50, about 21% above its September 2 closing price of $36.79
The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 48 three months ago

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Sept 1 - Palo Alto Networks Q4 revenue beats estimates on NGS ARR growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)