Samsara (US:IOT)2025-12-04 21:12Financial 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]