Samsara Inc. (IOT) Form 10-Q — Sep 8, 2026

$IOTForm 10-QFiled Sep 8, 2026, 4:11 PM ET0001628280-26-060909Original filing

Samsara delivered a standout Q2 FY2027, with revenue of $508.4 million up 30% year-over-year and a swing to GAAP net income of $16.2 million ($0.03 per share) from a $16.8 million loss in the year-ago quarter. Six-month revenue reached $987.3 million, also up 30%, with six-month net income of $60.8 million. The growth engine remains strong: annual recurring revenue hit $2.12 billion, up 30% YoY, customers generating over $100,000 in ARR grew to 3,605 from 2,771, and remaining performance obligations stand at $4.29 billion. Profitability and cash generation inflected as well: non-GAAP operating margin expanded to 21% from 15%, and first-half free cash flow rose to $137.9 million (14% margin).

Key figures

Eps: $0.03 Q2 (basic and diluted); $0.10 for the six months
Revenue: $508.4 million Q2 FY2027; $987.3 million for the six months ended August 1, 2026
Net Income: $16.2 million Q2 FY2027; $60.8 million for the six months (vs. losses of $16.8M and $38.9M a year ago)
Revenue Yoy: 30% for both the quarter and six-month period
Total Assets: $2,769.1 million
Cash Position: $291.4 million cash and equivalents; $1,325.7 million including short- and long-term investments
Shares Outstanding: 380,273,036 Class A and 205,332,173 Class B as of September 1, 2026
Arr: $2.1247 billion as of August 1, 2026, up 30% from $1.6401 billion a year ago
Rpo: $4,285.2 million total, of which approximately $1,838.9 million expected to be recognized over the next 12 months
Gross margin q2: 77%, flat YoY; 76% for the six months, down from 77%
Tariff refund 1h: $12.4 million one-time cash refund
Free cash flow 1h: $137.9 million, 14% margin (vs. $89.9 million, 12%)
Accumulated deficit: $1,558.4 million
Stock based comp q2: $96.4 million (about 19% of revenue)
Unrecognized rsu sbc: $659.7 million over a weighted-average period of about 1.5 years
Deferred revenue total: $852.8 million
Non gaap net income q2: $117.3 million (vs. $69.5 million)
Operating cash flow 1h: $154.9 million (vs. $102.8 million)
Customers over 100k arr: 3,605 vs. 2,771 a year ago
Arbitration award gain 1h: $30.3 million legal gain included in other income
Non gaap operating income q2: $106.0 million, 21% margin (vs. $59.7 million, 15% margin)

Price after filing

1 day: -3.7%7 days: +3.7%30 days: +0.9%

Close on the filing date to close N calendar days later (from $40.15). Historical, not a forecast.

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