Samsara Reports Strong Q2 Growth with Record ARR and Revenue
Samsara Inc., a provider of connected operations software, reported strong second-quarter fiscal 2027 results marked by significant year-over-year growth. The company achieved $2.1 billion in annual recurring revenue (ARR), up 30% from the prior year, with revenue reaching $508 million, also an increase of 30%. Samsara maintained GAAP profitability for its fourth consecutive quarter and reported a non-GAAP operating margin improvement to 21%, driven by enterprise customer growth and multi-product adoption. The company added record numbers of large customers generating at least $100,000 in ARR and saw over 50% year-over-year growth from its high-value cohort. Additionally, AI-driven products contributed significantly to bookings, with more than half of net new annual contract value coming from emerging offerings. Despite the positive results, Samsara expects a decline in free-cash-flow margin due to increased investments in IoT devices and supply chain costs. The company remains optimistic about its full-year outlook but faces some near-term cash flow pressures.
Tickers: $IOT
Topics: AI integration ARR growth customer adoption GAAP profitability revenue increase