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May 03
Samsara Q1 2026 Earnings Report
Reported financial results for the first quarter ended May 3, 2025
Key Takeaways
Samsara delivered a strong first quarter of fiscal year 2026 with Q1 revenue of $366.9 million, representing 31% year-over-year growth. The company reported GAAP gross profit of $283.7 million and a GAAP operating loss of $33.3 million. Non-GAAP operating income was $51.1 million and non-GAAP net income per share was $0.11.
Q1 revenue reached $366.9 million, a 31% increase year-over-year.
Ending ARR was $1.535 billion, growing 31% year-over-year.
The company had 2,638 customers with ARR over $100,000, up 35% year-over-year.
Non-GAAP operating income for the quarter was $51.1 million.
Samsara
Samsara
Forward Guidance
For the second quarter of fiscal year 2026, Samsara expects total revenue between $371 million and $373 million and non-GAAP net income per share between $0.06 and $0.07. For the full fiscal year 2026, total revenue is expected to be between $1.547 billion and $1.555 billion.
Positive Outlook
- Expected total revenue of $371 million – $373 million for Q2 FY2026.
- Expected total revenue of $1.547 billion – $1.555 billion for FY 2026.
- Expected year-over-year revenue growth of 24% for Q2 FY2026.
- Expected year-over-year revenue growth of 24% – 25% adjusted for constant currency for FY 2026.
- Expected non-GAAP net income per share of $0.06 – $0.07 for Q2 FY2026.
Challenges Ahead
- Constant currency impact to revenue guidance expected to be approximately $1M headwind for Q2 FY26.
- Constant currency impact to revenue guidance expected to be approximately $2M headwind for FY26.
- Reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort.
- Uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, may impact GAAP results.
- Factors such as stock-based compensation expense-related charges could be material to results of operations computed in accordance with GAAP.