If you were watching Samsara's stock ticker after Thursday's closing bell, you probably noticed something exciting happening. The IoT company just dropped its fiscal 2027 second-quarter results, and they were pretty impressive across the board.
Let's get straight to the numbers. Samsara reported earnings of 20 cents per share, which beat the Street's estimate of 16 cents by a solid 25%. Revenue came in at $508.44 million, topping the analyst forecast of $483.26 million and marking a significant jump from the $391.48 million reported in the same period last year.
But the headline number that really got investors' attention? The company announced it has crossed $2.1 billion in annual recurring revenue (ARR). That's up 30% year-over-year, and it's the third consecutive quarter they've hit that growth rate.
The company also added 242 customers with $100,000-plus ARR and 20 customers with $1 million-plus ARR during the quarter. That's a big deal because those larger customers are where the real momentum is. In fact, ARR from those $100,000-plus customers accelerated for the fourth straight quarter, and ARR from the $1 million-plus crowd surpassed $500 million, growing more than 50% year-over-year for the third consecutive quarter.
Here's another interesting nugget: emerging products contributed more than 20% of net new ACV for the third quarter in a row. So it's not just the core business driving growth; new offerings are starting to pull their weight too.
CEO Sanjit Biswas seemed pretty pleased with the results, and he had this to say: "Samsara delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with 30% year-over-year growth for the third consecutive quarter."
He also highlighted the growing adoption of their AI features: "Our large customers continue to drive our momentum, and customer adoption of some of our latest AI features is up more than 4x in the last two months."
Investors clearly liked what they heard. According to data from market data, Samsara stock was up 13.32% to $43.91 in Thursday's extended trading session.
So what's the takeaway here? Samsara is showing that it can grow efficiently while expanding its base of high-value customers, and the market is rewarding that. For retail investors, it's a reminder that sometimes the real story is in the details of the report, not just the headline numbers.
