Core Viewpoint - Samsara Inc. has demonstrated strong financial performance in Q3 2026, with significant year-over-year growth in both earnings and revenue, despite the stock price remaining relatively stable in extended trading. Financial Performance - Earnings per share for Q3 2026 reached $0.15, exceeding the Zacks Consensus Estimate of $0.12 and showing a notable increase from $0.07 per share in the same quarter last year, representing a 114.29% year-over-year growth [2][5] - Revenue for the third quarter was reported at $416 million, surpassing the Zacks Consensus Estimate by 4.14% and marking a substantial increase from $322 million reported a year ago, indicating a year-over-year growth of 29.32% [3][5] Stock Performance - Despite the positive financial results, Samsara's stock price remained mostly flat in extended trading, currently priced at $40.71, reflecting an increase of 4.36% or $1.70 [4][5] - The stock has fluctuated between a low of $38.88 and a high of $41.10 during the trading day, with a market capitalization of approximately $23 billion and a trading volume of 10.9 million shares [4]

分组1 - Samsara Inc. reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and showing an increase from $0.07 per share a year ago, resulting in an earnings surprise of +25.00% [1] - The company achieved revenues of $415.98 million for the quarter ended October 2025, surpassing the Zacks Consensus Estimate by 4.14%, and up from $321.98 million in the same quarter last year [2] - Over the last four quarters, Samsara has consistently surpassed consensus EPS and revenue estimates [2] 分组2 - The stock has underperformed, losing about 10.7% since the beginning of the year, while the S&P 500 has gained 16.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $419.05 million, and for the current fiscal year, it is $0.47 on revenues of $1.58 billion [7] - The Internet - Software industry, to which Samsara belongs, is currently ranked in the top 25% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]

Financial Data and Key Metrics Changes - The company ended Q3 with $1.75 billion in ARR, growing 29% year over year [4] - Achieved first quarter of GAAP profitability in Q3 [4] - Q3 revenue was $416 million, also growing 29% year over year [17] - Net new ARR increased by $105 million, a 24% year-over-year increase or 23% in constant currency [17][24] - Non-GAAP gross margin was 78%, with a non-GAAP operating margin of 19%, up 9 percentage points year over year [24] Business Line Data and Key Metrics Changes - Added 219 customers with $100,000+ in ARR, a quarterly record [4] - Customers contributing $100,000+ in ARR now exceed $1 billion, growing 36% year over year [4] - Added 17 customers with $1 million+ in ARR, tying a quarterly record [4][19] - 20% of net new ACV in Q3 came from emerging products launched since last year [15][21] Market Data and Key Metrics Changes - Construction contributed the highest net new ACV mix for the ninth consecutive quarter [23] - Public sector net new ACV grew approximately 100% year over year, crossing $100 million in ending ARR [23] - 16% of net new ACV came from non-U.S. geographies, with Europe contributing its highest-ever quarterly net new ACV mix [23] Company Strategy and Development Direction - The company focuses on partnering with large, complex operations organizations to drive growth [4] - Emphasizes the importance of AI in transforming safety coaching and automating operations [10][56] - Plans to continue investing in international markets, particularly in Europe, Canada, and Mexico, which are less penetrated [12][67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining durable growth due to a unique defensible data advantage and AI-driven innovation [16][25] - The company anticipates that Q4 will be its seasonally largest quarter, with expectations for higher initial FY27 revenue guidance [29] - Management highlighted the importance of safety and efficiency in driving customer value, particularly in the context of AI [66] Other Important Information - The company was recognized by Fortune, ranking seventh on their Fortune Future 50 list [14] - New AI-powered features were launched to enhance customer operations and safety [10][11] Q&A Session Summary Question: What is enabling the large customer momentum? - Management attributed this to investments in scale, security, and infrastructure, along with the ability to manage large data and customize products for complex organizations [27] Question: Any high-level commentary on fiscal 2027? - Management indicated that initial FY27 revenue guidance would likely be higher than current consensus due to Q3 outperformance [29] Question: What drove the increase in contribution from new products? - The increase to 20% from 8% reflects growth across multiple new products launched earlier in the year [32][34] Question: How should we think about the sustainability of enterprise traction? - Management emphasized that significant investments in R&D and go-to-market resources are driving momentum, with a focus on larger deals that may have longer sales cycles [75] Question: How is the public sector opportunity expected to sustain momentum? - Management noted that state and local governments are sharing success stories, which is driving further adoption and value realization [71]

Financial Data and Key Metrics Changes - The company ended Q3 with $1.75 billion in ARR, growing 29% year over year [3][16] - Achieved first quarter of GAAP profitability in Q3 [3][14] - Q3 revenue was $416 million, also growing 29% year over year [16][22] - Non-GAAP gross margin was 78%, with a non-GAAP operating margin of 19%, up 9 percentage points year over year [22] - Free cash flow margin was 13% in Q3, up 4 percentage points year over year [22] Business Line Data and Key Metrics Changes - Added 219 customers with $100,000+ in ARR, a quarterly record [3][14] - Customers contributing $100,000+ in ARR now exceed $1 billion, growing 36% year over year [3][17] - Added 17 customers with $1 million+ in ARR, tying a quarterly record [3][14] - 20% of net new ACV in Q3 came from emerging products launched since last year [14][19] Market Data and Key Metrics Changes - Construction contributed the highest net new ACV mix for the ninth consecutive quarter [21] - Public sector net new ACV grew approximately 100% year over year, crossing $100 million in ending ARR [21] - 16% of net new ACV came from non-U.S. geographies, with Europe contributing its highest-ever quarterly net new ACV mix [21] Company Strategy and Development Direction - The company focuses on partnering with large, complex operations organizations to drive growth [3][4] - Emphasizes the importance of AI in transforming safety coaching and automating operations [9][15] - Plans to continue investing in international markets, particularly in Europe, Canada, and Mexico, which are less penetrated [11][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to sustain durable growth and create long-term shareholder value [14][23] - Noted that large customer momentum is a significant driver of growth, with a focus on delivering fast, tangible ROI [14][15] - Management highlighted the ongoing digital transformation across physical operations as a key opportunity [15][23] Other Important Information - The company launched new AI-powered coaching features to enhance customer engagement and operational efficiency [9][10] - Recognized by Fortune, ranking seventh on their Fortune Future 50 list, indicating strong long-term growth potential [13] Q&A Session Summary Question: What is enabling the large customer momentum? - The company has invested in scale, security, and infrastructure to serve large customers, focusing on managing massive data and customizing products to meet their needs [25][26] Question: Any high-level commentary on fiscal 2027? - While formal guidance for FY27 is not provided, initial revenue guidance is expected to be higher than current consensus due to Q3 outperformance [27][28] Question: What drove the increase in contribution from new products? - The increase reflects growth across multiple new products launched earlier in the year, indicating strong customer trial and adoption [29][30] Question: How should we think about the sustainability of enterprise traction? - The company has invested significantly in R&D and go-to-market resources to support enterprise growth, with a focus on scalability and security [55][56]

Core Insights - Samsara, Inc. reported third-quarter earnings of 15 cents per share, exceeding analyst expectations of 12 cents [2] - The company achieved quarterly revenue of $415.98 million, surpassing the Street estimate of $398.47 million and showing a significant increase from $321.98 million in the same period last year [2] Financial Performance - Samsara ended Q3 with an Annual Recurring Revenue (ARR) of $1.75 billion, reflecting a 29% year-over-year growth in actuals and in constant currency [4] - The company has 2,990 customers with ARR over $100,000, which includes an increase of 219 customers in the third quarter [4] - There are 164 customers with ARR over $1,000,000, with an increase of 17 customers in the third quarter [4] - The company achieved its first quarter of GAAP profitability [4] Management Commentary - CEO Sanjit Biswas highlighted the strong quarter of durable and efficient growth, attributing the momentum to partnerships with major physical operations organizations [3]

Disclaimer and Statement Regarding Use of Non-GAAP Measures This presentation 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, market size and growth, industry developments and trends, the calculation of certain of our financial and operating metrics, capital expenditures, future p ...

Core Insights - Samsara (NYSE: IOT) achieved a significant milestone quarter, indicating strong performance and growth potential in its sector [1] Financial Performance - The company reported a revenue increase of 50% year-over-year, reaching $150 million for the quarter [1] - Subscription revenue accounted for 85% of total revenue, highlighting the company's focus on recurring revenue streams [1] - Gross margin improved to 70%, reflecting operational efficiencies and cost management [1] Market Position - Samsara continues to expand its market share in the IoT sector, driven by increasing demand for fleet management and industrial IoT solutions [1] - The company added over 1,000 new customers during the quarter, bringing the total customer count to over 20,000 [1] Future Outlook - Management provided guidance for the next quarter, projecting revenue growth of 45% year-over-year, indicating sustained momentum [1] - The company plans to invest in product development and market expansion to capitalize on emerging opportunities in the IoT landscape [1]

Financial Performance - Q3 FY2026 total revenue reached $416.0 million, reflecting a 29% year-over-year growth[4] - Annual Recurring Revenue (ARR) at the end of Q3 FY2026 was $1.745 billion, also a 29% year-over-year increase[4] - The number of customers with ARR over $100,000 increased by 219 in Q3, totaling 2,990 customers[4] - Revenue for the three months ended November 1, 2025, was $415,975,000, representing a 29% increase from $321,981,000 for the same period in 2024[32] - GAAP revenue for the three months ended November 1, 2025, was $415.975 million, representing a 29% increase year-over-year[37] - Revenue growth in constant currency for the three months ended November 1, 2025, was 29%, matching the GAAP revenue growth rate[37] Profitability - GAAP operating loss improved to $(1.7) million from $(47.4) million in Q3 FY2025, marking a significant reduction[3] - Non-GAAP operating income for Q3 FY2026 was $79.8 million, up from $33.9 million in the same quarter last year[3] - Non-GAAP net income per share, diluted, increased to $0.15, compared to $0.07 in Q3 FY2025[3] - The company achieved its first quarter of GAAP profitability in Q3 FY2026[4] - Net income for the three months ended November 1, 2025, was $7,766,000, a recovery from a net loss of $37,806,000 in the same period last year[32] - Non-GAAP net income for the three months ended November 1, 2025, was $89.279 million, compared to $43.480 million for the same period last year[37] - GAAP net income for the three months ended November 1, 2025, was $7.766 million, a recovery from a loss of $37.806 million in the prior year[37] Cash Flow and Liquidity - Net cash provided by operating activities for the three months ended November 1, 2025, was $63,704,000, compared to $36,013,000 for the same period in 2024[34] - Free cash flow for the three months ended November 1, 2025, was $55.845 million, up from $31.237 million in the prior year[43] - Adjusted free cash flow margin for the three months ended November 1, 2025, was 13%, compared to 10% in the same quarter last year[43] - Adjusted free cash flow margin is considered useful for evaluating liquidity, even if negative, by excluding non-recurring capital expenditures[26] Assets and Liabilities - Total current assets increased to $1,257,979,000 as of November 1, 2025, up from $1,145,154,000 as of February 1, 2025[29] - Total assets reached $2,313,694,000 as of November 1, 2025, compared to $2,024,302,000 as of February 1, 2025[29] - Total liabilities increased to $1,010,339,000 as of November 1, 2025, from $955,106,000 as of February 1, 2025[29] - Cash and cash equivalents rose to $275,111,000 as of November 1, 2025, compared to $227,576,000 as of February 1, 2025[29] Margins - Non-GAAP operating margin for FY2026 is projected to be 16%[10] - GAAP gross margin for the three months ended November 1, 2025, was 77%, consistent with the previous year[37] - Non-GAAP operating margin for the three months ended November 1, 2025, improved to 19%, compared to 11% in the same quarter last year[37] Comprehensive Income - The company reported a comprehensive income of $8,342,000 for the three months ended November 1, 2025, compared to a comprehensive loss of $39,411,000 in the same period last year[32] Future Outlook - For Q4 FY2026, total revenue is expected to be between $421 million and $423 million, representing a year-over-year growth of 22%[10] - The company continues to focus on leveraging AI to enhance operational efficiency and sustainability for its customers[2] Stock-Based Compensation - Total stock-based compensation expense-related charges for the three months ended November 1, 2025, were $81.513 million, compared to $77.677 million in the prior year[43]

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Core Viewpoint - Samsara Inc. is set to report earnings on December 4, 2025, with expectations of significant growth in both EPS and revenue compared to the previous year [2][3]. Company Performance - The stock closed at $36.45, down 3.6% from the previous trading session, underperforming the S&P 500, which fell by 0.92% [1]. - Prior to this decline, shares had increased by 3.48%, outperforming the Computer and Technology sector's gain of 1.64% and the S&P 500's gain of 1.48% [1]. Earnings Estimates - The upcoming earnings report is anticipated to show an EPS of $0.12, reflecting a growth of 71.43% year-over-year, with revenue expected to reach $399.44 million, a 24.06% increase from the prior-year quarter [2]. - For the full year, earnings are projected at $0.47 per share and revenue at $1.57 billion, indicating increases of 80.77% and 25.97%, respectively, from the previous year [3]. Analyst Sentiment - Recent changes in analyst estimates suggest optimism regarding the company's business and profitability, with positive revisions typically indicating favorable short-term trends [3][4]. - The Zacks Rank system currently rates Samsara Inc. as 3 (Hold), with the consensus EPS estimate remaining stable over the past month [5]. Valuation Metrics - Samsara Inc. has a Forward P/E ratio of 80.69, significantly higher than the industry average of 28.7, indicating a premium valuation [6]. - The company also has a PEG ratio of 1.85, which is below the average PEG ratio of 2.1 for Internet - Software stocks [7]. Industry Context - The Internet - Software industry, part of the Computer and Technology sector, ranks in the top 27% of all industries according to the Zacks Industry Rank [8].