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Samsara Beats AI Hype With Strong Financials
4 Sep
Summary
- Annual recurring revenue grew 30% year-over-year to $2.1 billion.
- Revenue increased 30% to $508 million in the second quarter.
- 242 new customers added with at least $100,000 in ARR.
Samsara reported impressive second-quarter fiscal 2027 financial results, achieving 30% year-over-year growth in both annual recurring revenue (ARR) and overall revenue. The connected operations software provider generated $2.1 billion in ARR, an increase of $134 million in net new ARR, and posted $508 million in revenue. This performance marks Samsara's fourth consecutive quarter of GAAP profitability, with earnings per share at $0.03.
The company also saw substantial expansion in its large-customer base. Samsara added a quarterly record of 242 customers generating at least $100,000 in ARR, bringing the total to 3,605 such clients. Furthermore, 20 new customers exceeded $1 million in ARR, contributing over $500 million to the company's ARR and showing more than 50% year-over-year growth in this segment.
