Samsara projects FY 2027 revenue of $2.005B-$2.013B while targeting 20% non-GAAP operating margin
View original at seekingalpha.comSamsara projects FY 2027 revenue of $2.005B-$2.013B while targeting 20% non-GAAP operating margin Earnings Call Insights: Samsara (IOT) Q1 fiscal 2027 MANAGEMENT VIEW * "Samsara delivered a strong start to FY '27, with another quarter of durable and efficient growth" (CEO Sanjit Biswas), including: "We ended Q1 with ne…
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Q1 revenue was $479 million
60% confidenceWaste Intelligence is monetized as additional SKUs
60% confidenceSamsara expects to be GAAP profitable for Q2
60% confidenceQ1 strength was driven by strength in emerging products
60% confidenceQ1 was another quarter of accelerating growth and improved operating leverage
60% confidenceSamsara raised the full-year non-GAAP operating margin target from 19% to 20%
60% confidenceThere are no changes to hiring plans discussed on the last earnings call
60% confidenceMaintenance is just where Samsara is going to start with Hertz
60% confidenceSamsara's guidance philosophy remains the same and is de-risked for potential downside scenarios
60% confidenceThe Supreme Court ruling is good for Samsara's business overall
60% confidenceConnected Asset Maintenance adoption is still early in that transition
60% confidenceThe Supreme Court ruling on broker liability likely leads to heightened focus on road safety
60% confidenceQ1 was the strongest international quarter Samsara has had
60% confidenceGAAP EPS was a positive $0.08
60% confidenceEmerging products were more than 20% of net new ACV in Q1 versus 23% of net new ACV in Q4 FY2026
60% confidenceSamsara is experimenting with different pricing models for new intelligence products
60% confidenceLarge customers see an opportunity to bring workflows together on one platform
60% confidenceFor full year FY '27, Samsara expects revenue between $2.005 billion and $2.013 billion
60% confidenceQ2 non-GAAP EPS expected to be between $0.15 and $0.16
60% confidenceNon-GTM functions may be roughly the same size, if not smaller
60% confidenceQ1 was Samsara's third consecutive quarter of GAAP profitability
60% confidenceThere is no unusual seasonality behind the modest-looking Q2 guidance step despite the raised full-year guide
60% confidenceSamsara delivered a strong start to FY '27, with another quarter of durable and efficient growth
60% confidenceSamsara signed 11 $1 million-plus net new ACV transactions in Q1
60% confidenceGround Intelligence is priced on a per mile basis
60% confidenceRevenue grew 31% year-over-year in Q1
60% confidence96% of $100,000-plus ARR customers subscribe to two or more products
60% confidenceFor Q2, Samsara expects revenue between $482 million and $484 million
60% confidenceQ1 net new ARR was $101 million
60% confidenceSamsara added $101 million in net new ARR in Q1
60% confidence