New York, June 4, 2026, 18:01 (EDT)
- Samsara stock traded at $35.21, off $1.04, after reporting fiscal Q1 results.
- Revenue jumped 31% to $478.8 million, topping Wall Street estimates.
- Investors watched second-quarter guidance that just barely topped estimates.
Samsara Inc. dropped after hours Thursday. The company topped fiscal Q1 estimates, but its Q2 outlook didn’t give much for investors hoping for another beat. Shares last traded down $1.04 at $35.21, with more than 11 million changing hands.
Samsara knocked out better-than-expected results, but the stock had run up and traders wanted more. The San Francisco firm, focused on fleet tech, industrial data and AI, came in ahead of Wall Street’s forecasts. Shares dropped after hours, adding to a 3% decline in the regular session, Barron’s said.
Samsara posted $478.8 million in revenue for the quarter ended May 2, a 31% increase from last year. Annual recurring revenue came in at $1.991 billion, up 30% from a year ago.
Adjusted profit came in at 17 cents per share, topping analyst expectations. Non-GAAP numbers strip out some expenses and one-time items. FactSet analysts were looking for 13 cents per share on $455.2 million in revenue, Barron’s reported.
Samsara put out a mixed guide. For the second quarter, the company is looking for revenue of $482 million to $484 million, with adjusted earnings of 15 to 16 cents per share. The full-year forecast was raised to $2.005 billion to $2.013 billion in revenue and adjusted EPS of 70 to 72 cents.
Chief Executive Sanjit Biswas said customers saw “unprecedented demand” but were “constrained by worker capacity.” He focused the quarter’s story on automation in physical industries, not back-office software. Business Wire
Samsara said big customers kept spending. The company finished the quarter with 3,363 customers generating at least $100,000 in ARR, and 190 customers above $1 million. Emerging products made up over 20% of net new annual contract value, which tracks new subscription business.
Samsara chief revenue officer Amit Vyas said each vehicle, asset and job site connected to the platform brings in more data for the system. The company said it booked 11 deals worth over $1 million in net new annual contract value, marking its second-best quarter on that metric.
Cash flow was up as well. Samsara posted $73.2 million in adjusted free cash flow, or a 15% margin. On a GAAP basis, earnings were 8 cents per share. That’s the third quarter in a row the company was profitable on that measure.
Motive Technologies, a private fleet-management rival, was at the center of the competitive note here. Samsara recorded a $30.3 million gain from an arbitration award over claims of breach of contract, fraud, unfair competition and false advertising, but kept it out of its non-GAAP numbers. Reuters has called Motive a competitor for dashcams and fleet-management tech. SEC
Market action was uneven. According to a Reuters report, the Dow finished at a record and the S&P 500 gained, but the Nasdaq dropped with chipmakers under pressure after Broadcom’s results. That didn’t help a high-growth software stock whose next-quarter forecast was about in line with consensus.
But the risk is hard to miss. Any slowdown in customer buying, longer sales cycles, tougher competition, or higher tariffs and supply-chain costs could put Samsara’s 23% to 24% second-quarter revenue growth goal in question. The company flagged risks like customer retention, demand, competition, supply-chain issues, inflation, interest rates and trade policy as factors that could impact results.
Investors’ next focus is June 24, when Samsara hosts an investor day in Las Vegas. The event, held with the company’s customer conference, is where investors want more details on AI products, large-account growth and if Samsara can keep high ARR growth turning into profit before the next earnings report.
