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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18% of net new ACV came from non-U.S. geographies, tied for a quarterly record
60% confidenceSamsara hasn't had a problem stocking component supply despite tighter memory markets
60% confidenceQ2 non-GAAP operating margin expected to be 18%
60% confidenceSamsara's guidance philosophy remains the same and is de-risked for potential downside scenarios
60% confidenceDRAM and NAND supply chain conditions are a little bit tighter
60% confidenceThe Supreme Court ruling is good for Samsara's business overall
60% confidenceSamsara now has over $1.2 billion in ARR from customers spending $100,000 or more, growing 37% year-over-year
60% confidenceQ1 was the strongest international quarter Samsara has had
60% confidenceNet new ARR over the last 12 months was $455 million
60% confidenceSamsara uses coding bots and agents internally and is automating workflows
60% confidenceThe Hertz deal covers approximately 0.5 million vehicles
60% confidenceSamsara has confidence it will be able to find the supply it needs
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% confidenceQ1 revenue was $479 million
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% 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% confidenceNon-GAAP operating margin was 19% in Q1
60% confidenceMaintenance is just where Samsara is going to start with Hertz
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% confidenceFY2027 non-GAAP EPS expected to be between $0.70 and $0.72
60% confidenceSamsara also expects to be GAAP profitable for full year FY '27
60% confidenceEmerging products contributed more than 20% of net new ACV for the second consecutive quarter
60% confidence