Samsara Reports Fourth Quarter and Full Fiscal Year 2026 Financial Results (Form 8-K)

Samsara Reports Fourth Quarter and Full Fiscal Year 2026 Financial Results

•Q4 revenue of $444.3 million, representing 28% year-over-year growth in actuals and 27% in constant currency

•Q4 net new ARR of $144.8 million representing 33% year-over-year growth in actuals and 31% in constant currency

•Ending ARR of $1.890 billion, representing 30% year-over-year growth in actuals and in constant currency

•GAAP earnings per share of $0.04, representing the second consecutive quarter of GAAP profitability

SAN FRANCISCO, March 5, 2026 - Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations® Platform, reported financial results for the fourth quarter and fiscal year ended January 31, 2026, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com.

"Fiscal year 2026 was an outstanding year of durable and efficient growth. We ended the year with $1.9 billion of ARR, an increase of 30% year-over-year in constant currency. Within that, we added $432 million of net new ARR, an increase of 21% year-over-year growth in constant currency, accelerating year-over-year at a larger scale," said Sanjit Biswas, CEO and co-founder of Samsara. "Our performance is driven by the scale of our data asset, which now captures more than 25 trillion data points annually to fuel our AI-powered platform. This proprietary data is ushering in a new phase of digitization. We are now unleashing AI agents, like our AI Safety coach, to automate entire workflows and transform our customers' operations. We are innovating at an unprecedented pace and are excited to deliver even greater impact for our customers who keep the global economy running."

Fourth Quarter Fiscal Year 2026 Financial Highlights

(In millions, except percentage, percentage points, and per share data)

			Q4 FY2026						Q4 FY2025						Y/Y Change
Annual Recurring Revenue (ARR)			$	1,889.9					$	1,457.9					30		%
ARR adjusted for constant currency (1)			$	1,888.5					$	1,457.9					30		%
Total revenue			$	444.3					$	346.3					28		%
Total revenue adjusted for constant currency (1)			$	439.8					$	346.3					27		%
GAAP gross profit			$	338.4					$	266.0					$	72.4
GAAP gross margin			76		%				77		%				(1		pt)
Non-GAAP gross profit			$	343.2					$	269.8					$	73.4
Non-GAAP gross margin			77		%				78		%				(1		pt)
GAAP income (loss) from operations			$	9.0					$	(18.4)					$	27.4
GAAP operating margin			2		%				(5		%)				7		pts
Non-GAAP operating income			$	91.8					$	55.9					$	35.9
Non-GAAP operating margin			21		%				16		%				5		pts
GAAP net income (loss) per share, basic and diluted			$	0.04					$	(0.02)					$	0.06
Non-GAAP net income per share, basic and diluted			$	0.18					$	0.11					$	0.07
Net cash provided by operating activities			$	69.7					$	53.9					$	15.8
Net cash provided by operating activities margin			16		%				16		%				-		pts
Adjusted free cash flow			$	62.9					$	48.5					$	14.4
Adjusted free cash flow margin			14		%				14		%				-		pts

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Note: Numbers are rounded for presentation purposes.

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Fiscal Year 2026 Financial Highlights

(In millions, except percentage, percentage points, and per share data)

			FY 2026						FY 2025						Y/Y Change
ARR			$	1,889.9					$	1,457.9					30		%
ARR adjusted for constant currency (1)			$	1,888.5					$	1,457.9					30		%
Total revenue			$	1,618.6					$	1,249.2					30		%
Total revenue adjusted for constant currency (1)			$	1,616.6					$	1,249.2					29		%
GAAP gross profit			$	1,242.1					$	950.9					$	291.2
GAAP gross margin			77		%				76		%				1		pts
Non-GAAP gross profit			$	1,260.7					$	966.2					$	294.5
Non-GAAP gross margin			78		%				77		%				1		pts
GAAP loss from operations			$	(52.6)					$	(190.0)					$	137.5
GAAP operating margin			(3		%)				(15		%)				12		pts
Non-GAAP operating income			$	282.4					$	113.6					$	168.8
Non-GAAP operating margin			17		%				9		%				8		pts
GAAP net loss per share, basic and diluted			$	(0.02)					$	(0.28)					$	0.26
Non-GAAP net income per share, basic			$	0.57					$	0.27					$	0.30
Non-GAAP net income per share, diluted			$	0.56					$	0.26					$	0.30
Net cash provided by operating activities			$	236.2					$	131.7					$	104.5
Net cash provided by operating activities margin			15		%				11		%				4		pts
Adjusted free cash flow			$	208.7					$	111.5					$	97.2
Adjusted free cash flow margin			13		%				9		%				4		pts

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Note: Numbers are rounded for presentation purposes.

(1)ARR and revenue are adjusted for constant currency. See the section titled "Operating Metrics and Non-GAAP Financial Measures" for constant currency methodology.

We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles ("GAAP"). See the section titled "Use of Non-GAAP Financial Measures" for an explanation of non-GAAP financial measures and the tables in the section titled "Reconciliation Between GAAP and Non-GAAP Financial Measures" for a reconciliation of GAAP to non-GAAP financial measures.

Financial Outlook

Our guidance includes GAAP and non-GAAP financial measures. For the first quarter and fiscal year 2027, Samsara expects the following:

			Q1 FY2027 Outlook						FY 2027 Outlook
Total revenue			$454 million - $456 million						$1.965 billion - $1.975 billion
Year/Year revenue growth			24%						21% - 22%
Year/Year revenue growth in constant currency (1)			22% - 23%						21%
Non-GAAP operating margin (2)			15%						19%
Non-GAAP net income per share, diluted (2)			$0.12 - $0.13						$0.65 - $0.69
GAAP net income per share, diluted									GAAP Profitable

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(1)Constant currency impact to revenue guidance is expected to be a $5M positive impact for Q1 FY27 and a $11M positive impact for FY27. See the section titled "Operating Metrics and Non-GAAP Financial Measures" for constant currency methodology.

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(2)Other than with respect to revenue growth adjusted for constant currency, a reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, that may be incurred in the future and cannot be reasonably determined or predicted at this time. It is important to note that these factors could be material to our results of operations calculated in accordance with GAAP.

About Samsara

Samsara is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, assets, and systems of some of the world's most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world's leading organizations across industries in construction, transportation, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.