Key facts
- Samsara Inc. reported Q1 fiscal 2027 adjusted EPS of $0.17, beating the $0.13 consensus.
- Revenue for Q1 fiscal 2027 was $478.8 million, exceeding the $455.2 million expected.
- Annual recurring revenue (ARR) reached $1.991 billion, up 30% year-over-year.
- ARR from customers spending over $1 million annually increased by 62%.
- Full-year fiscal 2027 revenue guidance was raised to $2.005–$2.013 billion.
- The stock fell approximately 3% in premarket trading following the earnings announcement.
Samsara Inc. reported strong Q1 fiscal 2027 financial results, surpassing analyst estimates for both earnings per share and revenue. The company posted adjusted EPS of $0.17, exceeding the $0.13 consensus, and revenue of $478.8 million, up 31% year-over-year and above the expected $455.2 million. Annual recurring revenue (ARR) reached $1.991 billion, marking a 30% increase from the previous year, with ARR from customers spending over $1 million annually surging by 62%. The company also raised its full-year fiscal 2027 revenue guidance to between $2.005 billion and $2.013 billion, surpassing prior forecasts and market estimates. Despite these positive metrics, Samsara's stock fell approximately 3% in premarket trading. Analysts at RBC Capital raised their price target for the stock to $42 from $41 while maintaining an Outperform rating. The company cited improving sales efficiency, R&D, and G&A costs for expanded operating margins, and CEO Sanjit Biswas noted growing labor constraints and AI data center buildouts as demand drivers.