Samsara Inc. (IOT) Q2 FY2027 earnings

Reported results

• Q2 FY2027 total revenue of $508.4 million, representing 30% year-over-year growth (29% in constant currency)
• Q2 FY2027 net new ARR of $134.1 million, representing 28% year-over-year growth in both actual and constant currency
• Ending ARR of $2.125 billion (or $2,124.7 million), representing 30% year-over-year growth
• GAAP net income per share (basic and diluted) of $0.03 for Q2 FY2027, representing the fourth consecutive quarter of GAAP profitability
• Non-GAAP operating margin of 21% for Q2 FY2027 vs. 15% in Q2 FY2026, a 6 percentage point increase
• Free cash flow of $64.7 million for Q2 FY2027 with a free cash flow margin of 13%

Guidance

• Q3 FY2027 total revenue guidance of $514 million to $516 million
• Q3 FY2027 year-over-year revenue growth guidance of 24% (23%-24% in constant currency)
• Q3 FY2027 non-GAAP operating margin guidance of 21%
• Q3 FY2027 non-GAAP net income per share (diluted) guidance of $0.18 to $0.19
• Q3 FY2027 GAAP net income per share (diluted) guidance of GAAP Profitable
• FY2027 total revenue guidance of $2.043 billion to $2.047 billion
• FY2027 year-over-year revenue growth guidance of 26%
• FY2027 non-GAAP operating margin guidance of 21%
• FY2027 non-GAAP net income per share (diluted) guidance of $0.76 to $0.78
• FY2027 GAAP net income per share (diluted) guidance of GAAP Profitable

Notes

The company recognized a legal gain from arbitration award of $30.3 million during the six months ended August 1, 2026, which is excluded from non-GAAP net income calculations. Constant currency impact to revenue guidance is $2 million for Q3 FY2027 and $10 million for FY2027. A reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance measures is not available on a forward-looking basis due to uncertainty in potential variability of expenses such as stock-based compensation.

Price and volatility reaction

The stock moved +3.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -22.5 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.