Samsara Earnings Show Profit and ARR Milestone

Samsara Inc. (NYSE: IOT) reported first-quarter results on June 4, 2026, showing sustained GAAP profitability and rising enterprise adoption while issuing modest near-term sales guidance ahead of a June 24 Investor Day.

Quarter Financials and Profitability

The company filed a Form 8-K with the SEC on June 4, 2026, reporting Q1 FY27 revenue of $478.8 million, up 31% year over year. GAAP net income was $44.5 million, with GAAP earnings per share of $0.08, marking the third consecutive quarter of GAAP EPS profitability. Non-GAAP net income was $98.0 million, or $0.17 per share. GAAP operating margin reached 2%, while non-GAAP operating margin was 19%. Operating cash flow totaled $81.4 million, and adjusted free cash flow was $73.2 million, representing a 15% margin. Results included a $30.3 million arbitration award gain, which management said could be excluded while still expecting GAAP profitability for fiscal 2027.[6]

ARR Scale and Enterprise Momentum

As of May 2, 2026, Samsara’s annual recurring revenue (ARR) reached $1.991 billion, a 30% increase year over year. Net new ARR for the quarter was $100.7 million, also up 30%. ARR from customers spending $100,000 or more totaled $1.2 billion, growing 37% and accelerating for the third straight quarter. ARR from customers spending $1 million or more rose 62% year over year. The company reported 3,363 customers at the $100K+ level and 190 at the $1M+ level. Cross-selling remains strong, with 96% of $100K+ customers subscribing to two or more products and 70% to three or more. More than 20% of net new annual contract value came from emerging products. The quarter included 11 net new $1M+ annual contract value transactions, the second-highest on record, with notable wins including Hertz, a leading pizza company, Foundation Building Materials, the State of Connecticut, and a major foodservice distributor expanding for the twentieth time.[1][4]

Samsara is advancing its Operational AI product roadmap with launches such as Waste Intelligence, Ground Intelligence, and Ridership Management. These features use on-truck cameras, multicam data, and g-force sensors to verify service, map road defects, and detect passengers left behind at transit stops. The company collects over 25 trillion data points annually across more than 100 billion miles driven, covering 99% of major U.S. roads. CEO Sanjit Biswas said, “We see a massive opportunity to transform physical industries with Operational AI and AI Agents, automating work, unlocking capacity, and driving greater productivity across the sectors that power the global economy.”[1][3]

Guidance and Investor Day

Samsara’s guidance for Q2 FY27 projects total revenue between $482 million and $484 million, implying 23% to 24% year-over-year growth, a slower pace than the recent quarter. The company also raised full-year FY27 revenue guidance. Management scheduled an Investor Day for June 24, 2026, to provide further details on strategy and financial outlook.[3][4]