Q2 26 EPS
$0.12
BEAT +65.52%
Est. $0.07
Q2 26 Revenue
$391.5M
BEAT +5.17%
Est. $372.2M
vs S&P Since Q2 26
-33.9%
TRAILING MARKET
IOT -22.5% vs S&P +11.3%
Market Reaction
Did IOT Beat Earnings? Q2 2026 Results
Samsara delivered a standout second quarter for fiscal 2026, with results that cleared Wall Street's bar by a wide margin and signaled a meaningful inflection in the connected operations software company's profitability story. Non-GAAP EPS came in at… Read more Samsara delivered a standout second quarter for fiscal 2026, with results that cleared Wall Street's bar by a wide margin and signaled a meaningful inflection in the connected operations software company's profitability story. Non-GAAP EPS came in at $0.12, beating the $0.07 consensus estimate by 65.52%, while revenue of $391.48 million topped expectations by 5.17% and grew 30.4% year over year, a pace that few enterprise software peers are sustaining at this scale. The engine behind the beat was enterprise momentum: customers spending more than $100,000 annually grew to 2,771 and collectively drove Annual Recurring Revenue to $1.64 billion, itself up 30% year over year. Non-GAAP operating margin expanded sharply to 15% from 6% a year ago, a trajectory that underscores the company's improving unit economics as it scales. Samsara guided full-year FY2026 revenue to $1.57–$1.58 billion, implying 26% growth, with non-GAAP EPS of $0.45–$0.47, drawing an enthusiastic response from investors and prompting several analysts to raise their price targets.
Key Takeaways
- • 30% year-over-year ARR growth to $1.64 billion
- • Large customer expansion: 2,771 customers with ARR over $100K, up from 2,120 a year ago
- • Customers with ARR over $100K generated approximately $1 billion of ARR, 35% YoY growth
- • Customers with ARR over $1M contributed more than 20% of ARR
- • Non-GAAP operating margin improved to 15% from 6% year-over-year
- • GAAP gross margin expanded to 77% from 76% YoY
- • Non-GAAP gross margin expanded to 78% from 77% YoY
- • Free cash flow margin improved to 11% from 4% YoY
IOT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“Samsara had another strong quarter of durable and efficient growth, ending Q2 with $1.6 billion in ARR, a 30% increase year-over-year.”
— Sanjit Biswas, Q2 2026 Earnings Press Release
IOT Earnings Trends
IOT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IOT EPS Trend
Earnings per share: estimate vs actual
IOT Revenue Trend
Quarterly revenue: estimate vs actual
IOT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 | — | — | — | — | — |
| Q3 26 BEAT | $0.12 | $0.15 | +26.37% | $416.0M | +4.25% |
| Q2 26 BEAT | $0.07 | $0.12 | +65.52% | $391.5M | +5.17% |
| Q1 26 BEAT | $0.06 | $0.11 | +91.64% | $366.9M | +4.39% |
| Q4 25 BEAT FY | $-0.07 | $0.11 | +257.14% | $346.3M | — |
| FY Full Year | $0.22 | $0.26 | +17.22% | $1.25B | +0.82% |
| Q2 23 BEAT | $-0.07 | $-0.04 | +42.86% | $153.5M | +7.36% |