Samsara Inc. (NYSE: IOT) is a provider of a Connected Operations Platform that integrates people, devices, and systems to help companies optimize their operations. The company reported its financial results for the first quarter of fiscal year 2026, which ended on May 3, 2025.

In this quarter, Samsara demonstrated a stable growth trajectory. The company achieved an annual recurring revenue (ARR) of $1.54 billion, reflecting a 31% increase year-over-year in both reported and constant currency terms. Total revenue for the quarter reached $367 million, also showcasing a growth of 31% from the previous year, or 32% after adjusting for constant currency.

Samsara’s customer base further expanded, with 2,638 customers generating over $100,000 in ARR, a 35% increase compared to the same quarter last year. The company observed an ARR per $100,000-plus customer rising to $338,000, enhancing its revenue mix from this customer segment to 58%, up from 56% a year earlier.

Non-GAAP gross margin stood at a record 79% for the quarter, a rise from 77% in the corresponding period of fiscal 2025. Furthermore, non-GAAP operating margin reached 14%, significantly higher than the 2% recorded a year prior. Samsara’s net cash provided by operating activities amounted to $52.6 million, yielding a margin of 14%, an increase from 8% year-over-year. Adjusted free cash flow was reported at $45.7 million, corresponding to a margin of 12%, up from 7% in the last year’s first quarter.

Looking ahead, Samsara has provided guidance for the second quarter, estimating revenue between $371 million and $373 million, which equates to a 24% growth year-over-year. For the full fiscal year 2026, the company forecasts revenue ranging from $1.547 billion to $1.555 billion, also signifying a year-over-year growth of 24%, or between 24% and 25% when factoring in constant currency. The anticipated non-GAAP operating margin for Q2 is 9%, with the FY 2026 expectation being around 13%. Additionally, the company projects non-GAAP earnings per share in the range of $0.06 to $0.07 for Q2, and $0.39 to $0.41 for the full fiscal year.

This performance underscores Samsara’s ability to navigate a challenging macroeconomic landscape while continuing to grow its business efficiently.