Samsara | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 366.88 M

LB filings
2025.06.05 20:16

Revenue: As of FY2026 Q1, the actual value is USD 366.88 M, beating the estimate of USD 351.44 M.

EPS: As of FY2026 Q1, the actual value is USD -0.04, beating the estimate of USD -0.0948.

Segment Revenue

  • Total Revenue: Samsara Inc. reported total revenue of $366.9 million for Q1 FY2026, marking a 31% year-over-year increase. When adjusted for constant currency, the revenue was $370.4 million, reflecting a 32% growth.

Operational Metrics

  • GAAP Gross Profit: The GAAP gross profit for Q1 FY2026 was $283.7 million, compared to $212.1 million in Q1 FY2025, showing an increase of $71.6 million.
  • GAAP Gross Margin: The GAAP gross margin improved to 77% from 76% in the previous year, a rise of 2 percentage points.
  • Non-GAAP Gross Profit: Non-GAAP gross profit was $288.1 million, up from $215.9 million in Q1 FY2025, an increase of $72.2 million.
  • Non-GAAP Gross Margin: Non-GAAP gross margin increased to 79% from 77%, a 2 percentage point improvement.
  • GAAP Operating Loss: The GAAP operating loss was -$33.3 million, an improvement from -$66.0 million in Q1 FY2025.
  • GAAP Operating Margin: GAAP operating margin improved to -9% from -24%, a 14 percentage point increase.
  • Non-GAAP Operating Income: Non-GAAP operating income was $51.1 million, up from $6.2 million in Q1 FY2025, an increase of $44.9 million.
  • Non-GAAP Operating Margin: Non-GAAP operating margin increased to 14% from 2%, a 12 percentage point improvement.
  • GAAP Net Loss Per Share: GAAP net loss per share was -$0.04, compared to -$0.10 in Q1 FY2025, an improvement of $0.06.
  • Non-GAAP Net Income Per Share: Non-GAAP net income per share was $0.11, up from $0.03 in Q1 FY2025, an increase of $0.08.

Cash Flow

  • Net Cash Provided by Operating Activities: Net cash provided by operating activities was $52.6 million, compared to $23.7 million in Q1 FY2025, an increase of $28.9 million.
  • Adjusted Free Cash Flow: Adjusted free cash flow was $45.7 million, up from $18.6 million in Q1 FY2025, an increase of $27.1 million.

Unique Metrics

  • Annual Recurring Revenue (ARR): Ending ARR was $1.535 billion, representing a 31% year-over-year growth.
  • Customers with ARR over $100,000: Samsara had 2,638 customers with ARR over $100,000, a 35% year-over-year growth.

Outlook / Guidance

  • Samsara Inc. expects total revenue for Q2 FY2026 to be between $371 million and $373 million, with a year-over-year growth of 24%.
  • For FY2026, the company anticipates total revenue between $1.547 billion and $1.555 billion, with a year-over-year growth of 24% to 25%.
  • Non-GAAP operating margin is expected to be 9% for Q2 FY2026 and 13% for FY2026.
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