Samsara Reports Q2 Revenue Growth of 30%, Driven by Transportation and Mexico Markets
Samsara (NYSE: IOT) reported second-quarter fiscal 2027 revenue of $508.4 million, reflecting a year-over-year increase of 30%. The company's annual recurring revenue reached $2.125 billion for the quarter ended August 1, also up by 30% from the prior year. Samsara attributed its growth to expanding adoption among large customers and strong performance in transportation and Mexico markets. The CEO highlighted that AI features have seen more than fourfold usage increase over two months, with a significant portion of North American commercial vehicles still unconnected or lacking AI dash cameras. In Mexico, the company noted accelerated year-over-year net new annual contract value growth for the second consecutive quarter, driven in part by security-focused use cases like panic buttons and vehicle immobilizers. Samsara's large customer base continues to grow, with 3,605 customers generating over $100,000 in ARR. These high-value accounts now represent 63% of the company’s total ARR, up from 59% a year ago.
Tickers: $IOT
Topics: Connected Vehicles Fleet Technology IoT Transportation Growth