Samsara (NYSE:IOT) Q4 2026 Earnings call March 05, 2026 05:00 PM ET Company ParticipantsDominic Phillips - CFOKeith Weiss - Managing Director and Head of US Software ResearchMike Chang - VP, Corporate Development and Investor RelationsSanjit Biswas - CEO and Co-founderConference Call ParticipantsAlex Zukin - Managing Director and Senior AnalystDerrick Wood - Managing Director and Senior Equity Research AnalystJames Fish - Managing Director and Senior Research AnalystJason Celino - Managing Director and Equi ...

Samsara (NYSE:IOT) Q4 2026 Earnings call March 05, 2026 05:00 PM ET Company ParticipantsDominic Phillips - CFOKeith Weiss - Managing Director and Head of US Software ResearchMike Chang - VP, Corporate Development and Investor RelationsSanjit Biswas - CEO and Co-founderConference Call ParticipantsAlex Zukin - Managing Director and Senior AnalystDerrick Wood - Managing Director and Senior Equity Research AnalystJames Fish - Managing Director and Senior Research AnalystJason Celino - Managing Director and Equi ...

Samsara (NYSE:IOT) Q4 2026 Earnings call March 05, 2026 05:00 PM ET Speaker12Good afternoon, welcome to Samsara's fourth quarter fiscal 2026 earnings call. I'm Mike Chang, Samsara's Senior Vice President of Finance. Joining me today are Samsara Chief Executive Officer and Co-founder, Sanjit Biswas, and our Chief Financial Officer, Dominic Phillips. In addition to our prepared remarks on this call, additional information can be found in our shareholder letter, press release, investor presentation, and SEC fi ...

Core Insights - Snowflake (SNOW) and Samsara (IOT) are significant players in the cloud data and analytics sector, with Snowflake focusing on cloud data warehousing and analytics, while Samsara offers industrial IoT and cloud solutions for optimizing physical operations [1][2] Market Overview - The global cloud computing market was valued at $781.27 billion in 2025 and is projected to grow to $2904.52 billion by 2034, with a CAGR of 15.7% from 2026 to 2034, benefiting both Snowflake and Samsara [2] Snowflake (SNOW) Performance - Snowflake's net revenue retention rate was 125% in Q4 of fiscal 2026, with 740 net new customers added, marking a 40% year-over-year increase [3] - The company launched over 430 product capabilities in 2026, enhancing usability and scalability [4] - AI-driven products like Snowflake Intelligence and Cortex Code have seen rapid adoption, with Snowflake Intelligence adopted by over 2,500 accounts within three months of launch [5] - Snowflake signed its largest deal ever worth over $400 million, reflecting strong customer confidence in its AI strategy [6] Samsara (IOT) Performance - Samsara is experiencing growth through its Connected AI Platform and IoT devices, adding 219 new customers with over $100K ARR, totaling 2,990 [7] - The number of customers with over $1 million ARR increased by 17, now totaling 164, contributing to over 20% of total ARR [7] - Samsara's platform supports various AI-driven features that enhance customer engagement and operational efficiency [8][10] Competitive Landscape - Both companies are competing in the rapidly growing cloud data market, with Snowflake showing strong net retention and significant AI momentum, while Samsara is expanding its customer base and delivering strong earnings surprises [9][19] - In the past six months, SNOW shares declined by 15.6%, outperforming IOT's 23.1% drop, attributed to Snowflake's strong partnerships and innovative portfolio [11] - Despite IOT's growth, it faces challenges from longer sales cycles and competition [12] Valuation and Earnings Estimates - SNOW shares are trading at a forward Price/Sales ratio of 9.97X, while IOT is at 8.16X, indicating that both are currently overvalued [15] - The Zacks Consensus Estimate for SNOW's fiscal 2027 earnings is $1.61 per share, a 34.25% year-over-year increase, while IOT's estimate for fiscal 2026 is 57 cents per share, a 12.89% increase [18] Conclusion - Both Snowflake and Samsara are well-positioned to benefit from the growing cloud computing market, but Samsara currently appears to offer more compelling upside due to its expanding customer base and strong AI-driven product adoption [20]