# Samsara Inc. (NYSE: IOT) Q2 2026 Financial Results Summary
SAN FRANCISCO, September 4, 2025 — Samsara Inc. reported financial results for the second quarter ended August 2, 2025. Below is a summary of the key financial highlights and metrics for the quarter.
### Financial Highlights
– **Total Revenue**
– Q2 FY2026: $391.5 million
– Q2 FY2025: $300.2 million
– Year-over-Year Growth: 30% (31% when adjusted for constant currency)
– **Annual Recurring Revenue (ARR)**
– Ending ARR: $1.640 billion
– Q2 FY2025: $1.264 billion
– Year-over-Year Growth: 30% (consistent in actuals and constant currency)
– **Customer Metrics**
– Total Customers: 2,771 with ARR over $100,000, up from 2,120 in Q2 FY2025
– ARR from Customers with ARR over $100,000: Approximately $1 billion
– Year-over-Year Growth of Customers with ARR over $100,000: 35%
– Contribution of Customers with ARR over $1,000,000: More than 20% of total ARR
– **Profitability Indicators**
– GAAP Gross Profit: $301.0 million in Q2 FY2026, compared to $226.8 million in Q2 FY2025
– GAAP Gross Margin: 77% (up 1 percentage point from 76%)
– Non-GAAP Gross Profit: $305.7 million, compared to $230.8 million
– Non-GAAP Gross Margin: 78% (up 1 percentage point from 77%)
– **Operating Loss**
– GAAP Operating Loss: $26.6 million, improved from a loss of $58.2 million in Q2 FY2025
– GAAP Operating Margin: -7%, an improvement of 13 percentage points from -19%
– Non-GAAP Operating Income: $59.7 million, compared to $17.6 million
– Non-GAAP Operating Margin: 15% (up 9 percentage points from 6%)
– **Net Loss**
– GAAP Net Loss: -$16.8 million, improved from -$49.6 million in Q2 FY2025
– GAAP Net Loss per Share: -$0.03, up from -$0.09 in the previous year
– Non-GAAP Net Income: $69.5 million, improved from $26.1 million
– Non-GAAP Net Income per Share: $0.12, compared to $0.05
– **Cash Flow Metrics**
– Net Cash Provided by Operating Activities: $50.2 million, compared to $18.1 million in Q2 FY2025
– Adjusted Free Cash Flow: $44.2 million, compared to $13.1 million in the same quarter last year
– Free Cash Flow Margin: 11%, improved from 4%.
### Additional Information
– **Dividend & Share Repurchase**
– No quarterly dividend was declared.
– There were no specific mentions of share repurchase activities in the report.
### Financial Outlook
For Q3 FY2026, Samsara expects:
– **Total Revenue**: $398 million to $400 million
– **Year-over-Year Revenue Growth**: 24%
– **Non-GAAP Operating Margin**: 15%
– **Non-GAAP Net Income per Share**: $0.11 to $0.12
For Q4 FY2026, the outlook is:
– **Total Revenue**: $418 million to $420 million
– **Implied Year-over-Year Revenue Growth**: 21%
For the full fiscal year 2026, the company anticipates:
– **Total Revenue**: $1.574 billion to $1.578 billion
– **Year-over-Year Revenue Growth**: 26%
Samsara continues to innovate and expand its Connected Operations Platform amidst the rising demand driven by the AI economy, emphasizing its role as a partner for complex operations worldwide.
For further details, a shareholder letter and an investor presentation are available on the Samsara investor relations website.
Here are the extracted tables from the press release:
### CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands)
| Three Months Ended | August 2, 2025 | August 3, 2024 | Six Months Ended | August 2, 2025 | August 3, 2024 |
|---|---|---|---|---|---|
| Revenue | $391,480 | $300,202 | Revenue | $758,364 | $580,928 |
| Cost of revenue | $90,501 | $73,365 | Cost of revenue | $173,670 | $141,990 |
| Gross profit | $300,979 | $226,837 | Gross profit | $584,694 | $438,938 |
| Operating expenses: | Operating expenses: | ||||
| Research and development | $85,612 | $76,476 | Research and development | $168,854 | $149,449 |
| Sales and marketing | $174,083 | $151,493 | Sales and marketing | $339,483 | $298,930 |
| General and administrative | $67,903 | $57,062 | General and administrative | $136,231 | $114,750 |
| Total operating expenses | $327,598 | $285,031 | Total operating expenses | $644,568 | $563,129 |
| Loss from operations | -$26,619 | -$58,194 | Loss from operations | -$59,874 | -$124,191 |
| Interest income and other income, net | $11,426 | $9,626 | Interest income and other income, net | $24,149 | $19,710 |
| Loss before provision for income taxes | -$15,193 | -$48,568 | Loss before provision for income taxes | -$35,725 | -$104,481 |
| Provision for income taxes | $1,607 | $1,042 | Provision for income taxes | $3,196 | $1,418 |
| Net loss | -$16,800 | -$49,610 | Net loss | -$38,921 | -$105,899 |
| Other comprehensive income (loss): | Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments, net of tax | $733 | -$1,510 | Foreign currency translation adjustments, net of tax | $1,693 | -$1,410 |
| Unrealized gains on investments, net of tax | $818 | $3,086 | Unrealized gains on investments, net of tax | $1,377 | $1,399 |
| Total other comprehensive income (loss) | $1,551 | $1,576 | Total other comprehensive income (loss) | $3,070 | -$11 |
| Comprehensive loss | -$15,249 | -$48,034 | Comprehensive loss | -$35,851 | -$105,910 |
| Basic and diluted net loss per share: | Basic and diluted net loss per share: | ||||
| Net loss per share, basic and diluted | -$0.03 | -$0.09 | Net loss per share, basic and diluted | -$0.07 | -$0.19 |
| Weighted-average shares used in computing net loss per share, basic and diluted | 571,738,084 | 553,917,926 | Weighted-average shares used in computing net loss per share, basic and diluted | 569,739,406 | 551,285,115 |
—
### CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
| As of | August 2, 2025 | February 1, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $258,472 | $227,576 |
| Short-term investments | $443,327 | $467,222 |
| Accounts receivable, net | $246,084 | $234,016 |
| Inventories | $47,576 | $38,911 |
| Connected device costs, current | $126,719 | $119,323 |
| Prepaid expenses and other current assets | $63,772 | $58,106 |
| Total current assets | $1,185,950 | $1,145,154 |
| Restricted cash | $23,037 | $18,218 |
| Long-term investments | $386,266 | $282,652 |
| Property and equipment, net | $70,438 | $58,151 |
| Operating lease right-of-use assets | $63,970 | $64,864 |
| Connected device costs, non-current | $247,864 | $242,928 |
| Deferred commissions | $226,215 | $209,341 |
| Other assets | $3,359 | $2,994 |
| Total assets | $2,207,099 | $2,024,302 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $30,121 | $64,017 |
| Accrued expenses and other current liabilities | $86,172 | $74,976 |
| Accrued compensation and benefits | $51,170 | $43,443 |
| Deferred revenue, current | $611,314 | $563,254 |
| Operating lease liabilities, current | $12,809 | $15,656 |
| Total current liabilities | $791,586 | $761,346 |
| Deferred revenue, non-current | $129,198 | $122,516 |
| Operating lease liabilities, non-current | $64,369 | $64,622 |
| Other liabilities | $7,173 | $6,622 |
| Total liabilities | $992,326 | $955,106 |
| Stockholders’ equity: | ||
| Preferred stock | $— | $— |
| Class A common stock | $12 | $12 |
| Class B common stock | $23 | $23 |
| Class C common stock | $— | $— |
| Additional paid-in capital | $2,861,440 | $2,680,012 |
| Accumulated other comprehensive income (loss) | $2,224 | -$846 |
| Accumulated deficit | -$1,648,926 | -$1,610,005 |
| Total stockholders’ equity | $1,214,773 | $1,069,196 |
| Total liabilities and stockholders’ equity | $2,207,099 | $2,024,302 |
