Summary · why it matters
Samsara Inc. reported second-quarter fiscal 2027 results on September 3, 2026, with revenue of $508.4 million, up 30% year-over-year, annual recurring revenue crossing $2.1 billion at the same growth rate, and GAAP net income of $0.03 per share, its fourth consecutive profitable quarter. Twelve analysts raised price targets on the stock, with RBC Capital, BofA, Evercore ISI, and KeyBanc all moving to $55 while keeping bullish ratings, and Cantor Fitzgerald initiating coverage at Overweight with a $45 target. The bulls point to a record 242 customers added with at least $100,000 in annual recurring revenue, bringing that cohort to 3,605 customers and $1.3 billion in combined ARR, up 38% from a year earlier, plus 20 new customers with ARR of $1 million or more, also a quarterly record. The cautious camp, including Truist at Hold with a $48 target, JPMorgan at Neutral with $52, Piper Sandler at Neutral with $46, and Morgan Stanley at Equal Weight with $49, said the growth is real but the price already reflects it. CFO Dominic Phillips said free cash flow margin is expected to land about 100 basis points below fiscal 2026 levels, citing more IoT devices needed to support growth, inventory rising from $48.2 million to $57 million, and elevated supply chain costs in the back half of the year, while third-quarter revenue guidance of $514 million to $516 million implies 24% growth, down from the 30% just reported, and full-year guidance of $2.043 billion to $2.047 billion implies 26% growth. Hedge fund ownership fell to 40 funds from 45, short interest sits at 8.93% of float, and shares trade at 52.36 times forward earnings as of September 18, 2026.
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Samsara Inc
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