Samsara Q2 revenue beats estimates on large-customer growth
IOT•Overview
- U.S. connected operations platform's fiscal Q2 revenue rose 30%, beating analyst expectations
- Adjusted EPS for fiscal Q2 beat analyst expectations
- Company cites strong growth among large customers and rising adoption of new AI features
Outlook and result drivers
- Samsara sees Q3 revenue at $514 mln–$516 mln and full-year revenue at $2.043 bln–$2.047 bln
- Company expects non-GAAP net income per share of $0.18–$0.19 for Q3 and $0.76–$0.78 for FY2027
- Samsara expects to remain GAAP profitable for Q3 and full-year 2027
- LARGE CUSTOMER GROWTH - Customers with ARR over $1 mln generated over $500 mln of ARR, representing over 50% year-over-year growth for the third consecutive quarter
- AI FEATURE ADOPTION - Customer adoption of latest AI features is up more than 4x in the last two months, per CEO Sanjit Biswas
- OPERATING LEVERAGE - Revenue growth helped expand non-GAAP operating margin and supported a fourth consecutive quarter of GAAP profitability
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat |
