Samsara Reports Strong Q2 Earnings with Revenue Growth and Improved Financial Metrics
Samsara (IOT) reported strong financial results for its second quarter of fiscal year 2027, driven by robust performance in field services and public sector verticals. The company achieved $508.4 million in revenue, a 30% increase from the prior year, with total annual recurring revenue (ARR) reaching $2.1 billion — up 30% year over year. Notably, Samsara added a record number of large and enterprise customers during the quarter. The company also improved its non-GAAP operating margin to 21%, an increase of six percentage points from last year, while maintaining GAAP profitability for four consecutive quarters with $0.03 per share in net income. Management raised guidance for full-year revenue between $2.043 billion and $2.047 billion — a growth rate of approximately 26%. Despite the strong performance, CFO Dominic Phillips highlighted potential headwinds to free cash flow margin due to increased IoT device demand, inventory purchases, and supply chain costs.
Tickers: $IOT
Topics: ARR growth customer base expansion free cash flow revenue