Samsara Q1 FY2026 results beat expectations, primarily driven by the simultaneous strength of three growth engines: large enterprise customers, emerging products, and international markets, pushing net new ARR to its second-highest growth rate in the past nine quarters.

Key data: ARR reached approximately $2.0 billion, up 30% year-over-year; net new ARR was $101 million, up 30% year-over-year; revenue was $479 million, up 31% year-over-year, marking the third consecutive quarter of GAAP EPS profitability.

Business progress: Large customer growth was robust, with customers contributing over $100,000 in ARR reaching $1.2 billion, up 37% year-over-year, accounting for 62% of total ARR. Emerging products contributed over 20% of net new ACV for the second consecutive quarter, including the largest pure software asset maintenance contract in history signed with Hertz. International business hit a record, with non-U.S. net new ACV accounting for 18% of the total. The company launched AI products such as Waste Intelligence and Ground Intelligence, emphasizing operational AI and agents as key future investment areas.

Guidance and outlook: Full-year revenue guidance raised to $2.005–$2.013 billion (up 24% year-over-year); non-GAAP operating margin guidance raised to 20%. Q2 revenue is expected to be $482–$484 million (up 23–24% year-over-year).

Risk/highlight signals: Management expressed high confidence in the health of the large enterprise pipeline but acknowledged that longer sales cycles for large deals could lead to quarterly fluctuations in the second half of the year. Meanwhile, supply of DRAM and NAND components is tightening, but the company believes its ample capital positions it well to seize market share amid this opportunity.