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“Samsara had another strong quarter of durable and efficient growth, ending Q2 with $1.6 billion in ARR, a 30% increase year-over-year,” said Sanjit Biswas, CEO and co-founder of Samsara. “As the trusted partner to some of the world’s largest and most complex operations, we’re seeing firsthand how the rise of the AI-driven economy is amplifying demand for our platform. We are innovating at an unprecedented pace and are excited to deliver even greater impact for our customers who keep the global economy running.”


	Q2 FY2026			Q2 FY2025			Y/Y Change
Annual Recurring Revenue (ARR)	$	1,640.1		$	1,264.0		30		%
ARR adjusted for constant currency (1)	$	1,640.1		$	1,264.0		30		%
Total revenue	$	391.5		$	300.2		30		%

Total revenue adjusted for constant currency (1)	$	391.8		$	300.2		31		%
GAAP gross profit	$	301.0		$	226.8		$	74.2
GAAP gross margin	77		%	76		%	1		pt
Non-GAAP gross profit	$	305.7		$	230.8		$	74.9
Non-GAAP gross margin	78		%	77		%	1		pt
GAAP operating loss	$	(26.6)		$	(58.2)		$	31.6
GAAP operating margin	(7		%)	(19		%)	13		pts
Non-GAAP operating income	$	59.7		$	17.6		$	42.1
Non-GAAP operating margin	15		%	6		%	9		pts
GAAP net loss per share, basic and diluted	$	(0.03)		$	(0.09)		$	0.06

Non-GAAP net income per share, basic and diluted	$	0.12		$	0.05		$	0.07
Net cash provided by operating activities	$	50.2		$	18.1		$	32.1
Net cash provided by operating activities margin	13		%	6		%	7		pts


Adjusted free cash flow	$	44.2		$	13.1		$	31.1
Adjusted free cash flow margin	11		%	4		%	7		pts

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.

(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.

Samsara is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, 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 transportation, construction, 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.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, the calculation of certain of our key financial and operating metrics, our market opportunity, industry developments and trends, macroeconomic conditions, customer purchasing, adoption of and expected results from our Connected Operations Platform products, including cost savings and return on investment, our pace of product development and our technological capability, including AI, and our competitive position, as well as assumptions relating to the foregoing.

Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and could cause actual results and events to differ. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “goal,” “guidance,” “intend,” “may,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or the negative of these terms or other comparable expressions that concern our expectations, strategies, plans, or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are based on information available at the time those statements are made, including information furnished to us by third parties that we have not independently verified, and/or management’s good faith beliefs and assumptions as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

These risks and uncertainties include our ability to retain customers and expand the use of our solution by our customers, our ability to attract new customers, our future financial performance, including trends in revenue and annual recurring revenue, net retention rate, costs of revenue, gross profit or gross margin, operating expenses, customer counts, non-GAAP financial measures (such as revenue adjusted for constant currency, year-over-year revenue growth adjusted for constant currency, non-GAAP gross margin, non-GAAP operating margin, free cash flow and free cash flow margin, and adjusted free cash flow and adjusted free cash flow margin), our ability to achieve or maintain profitability, the demand for our products or for solutions for connected operations in general, the impact of the Russia-Ukraine conflict, geopolitical tensions involving China, the conflict in the Middle East, the emergence of public health crises, and similar macroeconomic events, including financial distress caused by bank failures, the impact of recent political elections in the United States and abroad, global supply chain challenges, foreign currency fluctuations, elevated inflation and interest rates, and changes to monetary, fiscal, and trade (including tariff) policies, on our and our customers’ and partners’ respective businesses, the length of our sales cycles, possible harm caused by a security breach or other incident affecting our or our customers’ assets or data, our ability to compete successfully in competitive markets, our ability to respond to rapid technological changes, and our ability to continue to innovate and develop new Applications. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings and reports that we may file from time to time with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow and adjusted free cash flow do not reflect our future contractual commitments or the total increase or decrease of our cash balance for a given period. These and other limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business.

Expenses Excluded from Non-GAAP Performance Financial Measures—Stock-based compensation expense-related charges include the amortization of deferred stock-based compensation expense for capitalized software and employer taxes on employee equity transactions. Stock-based compensation expense is a non-cash expense and is dependent on our stock price, which is beyond our control. Accordingly, we find it useful to exclude stock-based compensation expense in order to better understand our ongoing operational performance. Employer taxes on employee equity transactions, which are a cash expense, are excluded because such taxes are directly tied to the timing and size of employee equity transactions and the future fair market value of our common stock, which may vary from period to period independent of the operating performance of our business.

Constant currency—Constant currency is a methodology for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current period results for customer contracts denominated in currencies other than U.S. dollars are converted into U.S. dollars using the average currency exchange rates in effect during the comparative period, rather than the actual currency exchange rates in effect during the current period. For ARR, customer contracts denominated in currencies other than U.S. dollars are translated into U.S. dollars based on the currency exchange rate as of the day of the effective date of the contract. For guidance, currency impact on total revenue growth is derived by applying the average currency exchange rates in effect during the comparative period, rather than the currency exchange rates for the guidance period.

Customer—We define a customer as an entity, or group of affiliated entities with a shared parent organization, that has ARR of greater than $1,000 at the end of a reporting period. Determinations regarding the relationship between customer entities are primarily based on publicly available information and information supplied to us by our customers, and we have not independently verified the legal relationship between entities in all cases. Our customer count is subject to adjustments for acquisitions, spin-offs, segmentation by geography, and other market and commercial activity.

Non-GAAP Gross Profit and Non-GAAP Gross Margin—We define non-GAAP gross profit as gross profit excluding the effect of stock-based compensation expense-related charges included in cost of revenue. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of total revenue. We use non-GAAP gross profit and non-GAAP gross margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.

Non-GAAP Operating Income (Loss) and Non-GAAP Operating Margin—We define non-GAAP operating income (loss) as operating income (loss) excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Non-GAAP operating margin is defined as non-GAAP operating income (loss) as a percentage of total revenue. We use non-GAAP operating income (loss) and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP operating income (loss) and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.

Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per Share—We define non-GAAP net income (loss) as net income (loss) excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Our non-GAAP net income (loss) per share–basic is calculated by dividing non-GAAP net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share–diluted is calculated by giving effect to all potentially dilutive common stock equivalents (stock options, restricted stock units, and shares issued under our 2021 Employee Stock Purchase Plan) to the extent they are dilutive. Non-GAAP net loss per share–diluted is the same as non-GAAP net loss per share–basic as the inclusion of all potential dilutive common stock equivalents would be antidilutive. We use non-GAAP net income (loss) and non-GAAP net income (loss) per share in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP net income (loss) and non-GAAP net income (loss) per share provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.

Free Cash Flow and Free Cash Flow Margin—We define free cash flow as net cash provided by (used in) operating activities reduced by cash used for purchases of property and equipment. Free cash flow margin is calculated as free cash flow as a percentage of total revenue. We believe that free cash flow and free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives.

Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin—We define adjusted free cash flow as free cash flow excluding the cash impact of non-recurring capital expenditures associated with the build-out of our corporate office facilities in San Francisco, California, net of tenant allowances, and legal settlements. Adjusted free cash flow margin is calculated as adjusted free cash flow as a percentage of total revenue. We believe that adjusted free cash flow and adjusted free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives by excluding the impact of non-recurring events.


	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


	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Revenue	$	391,480	$	300,202	$	758,364	$	580,928
Cost of revenue	90,501		73,365		173,670		141,990
Gross profit	300,979		226,837		584,694		438,938
Operating expenses:
Research and development	85,612		76,476		168,854		149,449
Sales and marketing	174,083		151,493		339,483		298,930
General and administrative	67,903		57,062		136,231		114,750



Total operating expenses	327,598		285,031		644,568		563,129
Loss from operations	(26,619)		(58,194)		(59,874)		(124,191)
Interest income and other income, net	11,426		9,626		24,149		19,710
Loss before provision for income taxes	(15,193)		(48,568)		(35,725)		(104,481)
Provision for income taxes	1,607		1,042		3,196		1,418
Net loss	$	(16,800)	$	(49,610)	$	(38,921)	$	(105,899)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	733		(1,510)		1,693		(1,410)
Unrealized gains on investments, net of tax	818		3,086		1,377		1,399
Total other comprehensive income (loss)	1,551		1,576		3,070		(11)
Comprehensive loss	$	(15,249)	$	(48,034)	$	(35,851)	$	(105,910)
Basic and diluted net loss per share:
Net loss per share, basic and diluted	$	(0.03)	$	(0.09)	$	(0.07)	$	(0.19)

Weighted-average shares used in computing net loss per share, basic and diluted	571,738,084		553,917,926		569,739,406		551,285,115


	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Operating activities
Net loss	$	(16,800)	$	(49,610)	$	(38,921)	$	(105,899)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	5,399		4,633		10,541		9,088
Stock-based compensation expense	81,135		71,604		158,214		136,260



Net accretion of discounts on investments	(2,406)		(4,296)		(4,988)		(8,289)




Other	(695)		382		(1,043)		1,712
Changes in operating assets and liabilities:
Accounts receivable, net	(30,002)		(36,022)		(14,100)		(20,160)
Inventories	(15,057)		(10,134)		(13,943)		(18,406)
Prepaid expenses and other current assets	(6,693)		9,025		(5,653)		12,957
Connected device costs	(4,683)		(4,828)		(10,643)		(10,887)
Deferred commissions	(9,820)		(5,765)		(16,255)		(10,882)
Other assets	194		619		181		934
Accounts payable and other liabilities	16,004		7,687		(15,232)		(1,977)
Deferred revenue	33,290		34,705		53,900		57,236
Operating lease right-of-use assets and liabilities, net	295		117		715		100
Net cash provided by operating activities	50,161		18,117		102,773		41,787
Investing activities
Purchases of property and equipment	(5,969)		(4,992)		(12,889)		(10,054)
Purchases of investments	(248,805)		(187,744)		(421,946)		(330,057)
Proceeds from sales of investments	—		1,247		—		1,247
Proceeds from maturities and redemptions of investments	186,618		155,300		348,590		305,726
Other investing activities	—		(100)		(200)		(100)
Net cash used in investing activities	(68,156)		(36,289)		(86,445)		(33,238)
Financing activities



Proceeds from issuance of common stock in connection with equity compensation plans	18,715		16,115		18,737		16,923






Payment of principal on finance leases	(316)		(448)		(694)		(944)
Net cash provided by financing activities	18,399		15,667		18,043		15,979
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	219		(460)		1,344		(563)
Net increase (decrease) in cash, cash equivalents, and restricted cash	623		(2,965)		35,715		23,965
Cash, cash equivalents, and restricted cash, beginning of period	280,886		181,668		245,794		154,738
Cash, cash equivalents, and restricted cash, end of period	$	281,509	$	178,703	$	281,509	$	178,703


	Three Months Ended						Six Months Ended
	August 2, 2025			August 3, 2024			August 2, 2025			August 3, 2024
Total revenue and revenue growth reconciliation
GAAP revenue	$	391,480		$	300,202		$	758,364		$	580,928


Add:
Constant currency adjustment	316			—			3,882			—
Revenue adjusted for constant currency (1)	$	391,796		$	300,202		$	762,246		$	580,928
GAAP revenue growth	30		%	37		%	31		%	37		%
Revenue growth in constant currency (1)	31		%	37		%	31		%	37		%

Gross profit and gross margin reconciliation
GAAP gross profit	$	300,979		$	226,837		$	584,694		$	438,938
Add:


Stock-based compensation expense-related charges (2)	4,713			3,939			9,074			7,705
Non-GAAP gross profit	$	305,692		$	230,776		$	593,768		$	446,643
GAAP gross margin	77		%	76		%	77		%	76		%
Non-GAAP gross margin	78		%	77		%	78		%	77		%

Operating income (loss) and operating margin reconciliation
GAAP loss from operations	$	(26,619)		$	(58,194)		$	(59,874)		$	(124,191)
Add:


Stock-based compensation expense-related charges (2)	86,317			75,746			170,643			147,902



Non-GAAP operating income	$	59,698		$	17,552		$	110,769		$	23,711
GAAP operating margin	(7		%)	(19		%)	(8		%)	(21		%)
Non-GAAP operating margin	15		%	6		%	15		%	4		%

Net income (loss) reconciliation
GAAP net loss	$	(16,800)		$	(49,610)		$	(38,921)		$	(105,899)
Add:


Stock-based compensation expense-related charges	86,317			75,746			170,643			147,902




Non-GAAP net income (3)	$	69,517		$	26,136		$	131,722		$	42,003


	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Net income (loss) per share, basic and diluted, reconciliation
GAAP net loss per share, basic	$	(0.03)	$	(0.09)	$	(0.07)	$	(0.19)
Total impact on net loss per share, basic, from non-GAAP adjustments	0.15		0.14		0.30		0.27
Non-GAAP net income per share, basic	$	0.12	$	0.05	$	0.23	$	0.08

GAAP net loss per share, diluted	$	(0.03)	$	(0.09)	$	(0.07)	$	(0.19)
Total impact on net loss per share, diluted, from non-GAAP adjustments	0.15		0.14		0.30		0.26
Non-GAAP net income per share, diluted (4)	$	0.12	$	0.05	$	0.23	$	0.07

Weighted-average shares used in computing GAAP net loss per share, basic and diluted	571,738,084		553,917,926		569,739,406		551,285,115
Weighted-average shares used in computing non-GAAP net income per share, basic	571,738,084		553,917,926		569,739,406		551,285,115
Weighted-average shares used in computing non-GAAP net income per share, diluted (4)	585,391,189		575,967,894		584,098,286		574,561,208


	Three Months Ended						Six Months Ended
	August 2, 2025			August 3, 2024			August 2, 2025			August 3, 2024
Free cash flow, adjusted free cash flow, free cash flow margin, and adjusted free cash flow margin reconciliation
Net cash provided by operating activities	$	50,161		$	18,117		$	102,773		$	41,787
Purchases of property and equipment	(5,969)			(4,992)			(12,889)			(10,054)
Free cash flow	44,192			13,125			89,884			31,733


Adjusted free cash flow	$	44,192		$	13,125		$	89,884		$	31,733
Net cash provided by operating activities margin	13		%	6		%	14		%	7		%
Free cash flow margin	11		%	4		%	12		%	5		%
Adjusted free cash flow margin	11		%	4		%	12		%	5		%

(5)Stock-based compensation expense-related charges included amortization of capitalized stock-based compensation expense of approximately $0.8 million and $1.6 million for the three and six months ended August 2, 2025, respectively, and approximately $0.5 million and $1.0 million for the three and six months ended August 3, 2024, respectively, which was initially capitalized as capitalized software. Stock-based compensation expense-related charges also included approximately $4.4 million and $10.9 million of employer taxes on employee equity transactions for the three and six months ended August 2, 2025, respectively, and approximately $3.6 million and $10.7 million of employer taxes on employee equity transactions for the three and six months ended August 3, 2024, respectively.