$IOT · Samsara Inc.

Samsara Inc. filed its 10-Q for Q2 FY2027 (ended August 1, 2026), reporting revenue of $508.4M, up 29.9% YoY. Gross margin held at 77.2%. The company swung to GAAP operating income of $4.9M from a $26.6M loss a year ago, and net income of $16.2M ($0.03 per diluted share) versus a $16.8M loss. For the six-month period, revenue reached $987.3M with net income of $60.8M, aided by a $30.3M legal arbitration gain. Stock-based compensation was $96.4M for the quarter. The balance sheet shows $1.33B in cash and investments against $1.17B in total liabilities.

Stock rose +1.29% from the filing-time price of $39.64 to $40.15 in the regular session. After-hours trading is underway but extended-hours data is not captured here; the modest regular-session gain suggests the market had partially priced in the profitability inflection.

Samsara crossing into GAAP profitability for the first time as a public company marks a critical inflection for a high-growth IoT platform that has historically burned cash.

Samsara's 29.9% revenue growth at 77.2% gross margins and a swing to GAAP profitability places it in the upper tier of IoT/connected-operations peers. The $23.2B market cap on ~$2B annualized revenue implies a ~11.5x forward revenue multiple, reflecting continued growth-premium pricing.

The filing notes the company still carries a $1.56B accumulated deficit and full valuation allowance against U.S. deferred tax assets, meaning sustained profitability is not yet proven. Stock-based compensation at 19% of revenue remains a material dilution vector. Macro and tariff risks are flagged in forward-looking statements.