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4w ago

Samsara Posts Strong Q2 Beat and Raises Full-Year Guidance

Rising adoption of new AI tools with deeper multi-product deployments by large customers is driving ARR acceleration, resulting in a higher profit outlook.

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Overview

  • Samsara reported Q2 revenue of $508.4 million, a 30% year-over-year increase that topped analyst estimates.
  • The company delivered adjusted EPS of $0.20 and recorded its fourth consecutive GAAP profitable quarter.
  • Annual recurring revenue rose to $2.125 billion with $134 million of net new ARR and a record 242 customers contributing more than $100,000 in ARR.
  • Management raised full-year revenue guidance to $2.043 billion–$2.047 billion and lifted adjusted EPS guidance to $0.76–$0.78 following the quarter.
  • Shares jumped roughly 14% after the report as executives pointed to multiple new AI products and camera tools that customers are adopting rapidly, a trend that could deepen platform use and boost future recurring sales.