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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Q2 non-GAAP EPS expected to be between $0.15 and $0.16
60% confidenceSamsara has only been offering Connected Asset Maintenance for a few quarters now
60% confidenceFY2027 non-GAAP operating margin expected to be 20%
60% confidenceCustomer expansions are more driven by more assets or licenses on the same product
60% confidenceIn May, Samsara gathered hundreds of public sector customers at Go Beyond event in Chicago, introducing Waste Intelligence, Ground Intelligence, and Ridership Management
60% confidenceSamsara thinks it will be able to keep gross margins roughly flat for FY '27
60% confidenceQ1 strength was driven by strength in emerging products
60% confidenceNon-GTM functions may be roughly the same size, if not smaller
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% confidenceSamsara raised the full-year non-GAAP operating margin target from 19% to 20%
60% confidenceFor Q2, Samsara expects revenue between $482 million and $484 million
60% confidenceMaintenance is just where Samsara is going to start with Hertz
60% confidence$100,000-plus customers represent 62% of total ARR
60% confidenceGAAP EPS included a $30 million arbitration award from one of Samsara's lawsuits against Motive
60% confidenceQ2 non-GAAP operating margin expected to be 18%
60% confidenceSamsara now has over $1.2 billion in ARR from customers spending $100,000 or more, growing 37% year-over-year
60% confidenceFY2027 non-GAAP EPS expected to be between $0.70 and $0.72
60% confidenceSamsara is expanding into maintenance, training, qualifications, and workflows
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% confidenceQ1 revenue was $479 million
60% confidenceWaste Intelligence is monetized as additional SKUs
60% confidenceSamsara expects to be GAAP profitable for Q2
60% confidenceQ1 was Samsara's third consecutive quarter of GAAP profitability
60% confidenceGround Intelligence is priced on a per mile basis
60% confidenceQ1 was another quarter of accelerating growth and improved operating leverage
60% confidenceRevenue grew 31% year-over-year in Q1
60% confidenceThe full-year guide raise is almost double the amount of the Q1 beat
60% confidence