Samsara Q1 revenue rises as customer base and platform usage grows

Samsara

04/06/2026 21:23

Overview
US connected operations platform's fiscal Q1 revenue rose 31%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat consensus
Company achieved third consecutive quarter of GAAP profitability

Outlook
Samsara sees Q2 revenue between $482 mln and $484 mln
Company expects FY27 revenue of $2.005 bln to $2.013 bln
Samsara expects to remain GAAP profitable for Q2 and full year

Result Drivers
CUSTOMER DEMAND - Co said customers are experiencing strong demand and worker capacity constraints, driving adoption of its platform
ARR GROWTH - Annual recurring revenue grew 30% year-over-year, reflecting continued expansion in customer base and platform usage

Company press release: ID:nBw1pxdQKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$478.80 mln
$455.19 mln (18 Analysts)
Q1 Adjusted EPS
Beat
$0.17
$0.13 (19 Analysts)
Q1 Adjusted Gross Margin
 
76.00%
 
Q1 Adjusted Operating Margin
 
19.00%
 
Q1 Gross Profit
 
$361.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 5 "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 (Pre-Reincorporation) is $44.00, about 21.1% above its June 3 closing price of $36.34
The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 49 three months ago

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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.)