Form 8-K

8-K — Samsara Inc.

Accession: 0001628280-26-060438

Filed: 2026-09-03

Period: 2026-09-03

CIK: 0001642896

SIC: 7373 (SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — iot-20260903.htm (Primary)

EX-99.1 — PRESS RELEASE (samsaraepr-q22027.htm)

GRAPHIC (samsara_logo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: iot-20260903.htm · Sequence: 1

iot-20260903

false000164289600016428962026-09-032026-09-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 3, 2026

SAMSARA INC.

(Exact name of registrant as specified in its charter)

Nevada 001-41140

47-3100039

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1 De Haro Street

San Francisco, California 94107

(Address of principal executive offices, including zip code)

(415) 985-2400

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock, $0.0001 par value per share IOT The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02 Results of Operations and Financial Condition.

On September 3, 2026, Samsara Inc. (“Samsara” or the “Company”) issued a press release announcing its financial results for the three and six months ended August 1, 2026. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including the exhibit attached hereto as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by Samsara under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description of Exhibit

99.1

Press release issued by Samsara Inc. dated September 3, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SAMSARA INC.

Date: September 3, 2026

By: /s/ Adam Eltoukhy

Adam Eltoukhy

Executive Vice President, Chief Administrative Officer and Corporate Secretary

EX-99.1 — PRESS RELEASE

EX-99.1

Filename: samsaraepr-q22027.htm · Sequence: 2

Document

Exhibit 99.1

Samsara Reports Second Quarter Fiscal Year 2027 Financial Results

•Q2 revenue of $508.4 million, representing 30% year-over-year growth and 29% in constant currency

•Q2 net new ARR of $134.1 million, representing 28% year-over-year growth in both actual and constant currency

•Ending ARR of $2.125 billion, representing 30% year-over-year growth

•Customers with ARR over $1,000,000 generated over $500 million of ARR, representing over 50% year-over-year growth for the third consecutive quarter

•GAAP earnings per share of $0.03, representing the fourth consecutive quarter of GAAP profitability

SAN FRANCISCO, September 3, 2026 — Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations® Platform, today reported financial results for the second quarter ended August 1, 2026, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com.

“Samsara delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with 30% year-over-year growth for the third consecutive quarter,” said Sanjit Biswas, CEO and co-founder of Samsara. “Our large customers continue to drive our momentum, and customer adoption of some of our latest AI features is up more than 4x in the last two months. We’re innovating at an unprecedented pace and are excited to deliver even greater impact for our customers who keep the global economy running.”

Second Quarter Fiscal Year 2027 Financial Highlights

(In millions, except percentage, percentage points, and per share data)

Q2 FY2027 Q2 FY2026 Y/Y Change

Annual Recurring Revenue (ARR) $ 2,124.7 $ 1,640.1 30 %

ARR adjusted for constant currency (1)

$ 2,124.3 $ 1,640.1 30 %

Total revenue $ 508.4 $ 391.5 30 %

Total revenue adjusted for constant currency (1)

$ 506.1 $ 391.5 29 %

GAAP gross profit $ 392.6 $ 301.0 $ 91.6

GAAP gross margin 77 % 77 % — pt

Non-GAAP gross profit $ 398.0 $ 305.7 $ 92.3

Non-GAAP gross margin 78 % 78 % — pt

GAAP income (loss) from operations $ 4.9 $ (26.6) $ 31.5

GAAP operating margin 1 % (7 %) 8 pts

Non-GAAP operating income $ 106.0 $ 59.7 $ 46.3

Non-GAAP operating margin 21 % 15 % 6 pts

GAAP net income (loss) per share, basic and diluted $ 0.03 $ (0.03) $ 0.06

Non-GAAP net income per share, basic and diluted $ 0.20 $ 0.12 $ 0.08

Net cash provided by operating activities $ 73.5 $ 50.2 $ 23.3

Net cash provided by operating activities margin 14 % 13 % 2 pts

Free cash flow $ 64.7 $ 44.2 $ 20.5

Free cash flow margin 13 % 11 % 1 pt

__________

Note: Numbers are rounded for presentation purposes.

(1)ARR and revenue are adjusted for constant currency. See the section titled “Operating Metrics and Non-GAAP Financial Measures” for constant currency methodology.

We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles (“GAAP”). See the section titled “Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures and the tables in the section titled “Reconciliation Between GAAP and Non-GAAP Financial Measures” for a reconciliation of GAAP to non-GAAP financial measures.

Financial Outlook

Our guidance includes GAAP and non-GAAP financial measures. For the third quarter and fiscal year 2027, Samsara expects the following:

Q3 FY2027 Outlook FY2027 Outlook

Total revenue $514 million – $516 million $2.043 billion – $2.047 billion

Year/Year revenue growth 24% 26%

Year/Year revenue growth in constant currency (1)

23% – 24% 26%

Non-GAAP operating margin (2)

21% 21%

Non-GAAP net income per share, diluted (2)

$0.18 – $0.19 $0.76 – $0.78

GAAP net income per share, diluted GAAP Profitable GAAP Profitable

__________

(1)Constant currency impact to revenue guidance is $2 million for Q3 FY2027 and $10 million for FY2027. See the section titled “Operating Metrics and Non-GAAP Financial Measures” for constant currency methodology.

(2)Other than with respect to revenue growth adjusted for constant currency, a reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, that may be incurred in the future and cannot be reasonably determined or predicted at this time. It is important to note that these factors could be material to our results of operations calculated in accordance with GAAP.

About Samsara

Samsara is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, assets, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in construction, transportation, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, the calculation of certain of our key financial and operating metrics, our market opportunity, industry developments and trends, macroeconomic conditions, customer purchasing, adoption of and expected results from our Connected Operations Platform, including cost savings and return on investment, our pace of product development, our product roadmap, and our technological capability, including AI, and our competitive position, as well as assumptions relating to the foregoing.

Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and could cause actual results and events to differ. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “goal,” “guidance,” “intend,” “may,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or the negative of these terms or other comparable expressions that concern our expectations, strategies, plans, or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are based on information available at the time those statements are made, including information furnished to us by third parties that we have not independently verified, and/or management’s good faith beliefs and assumptions as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

These risks and uncertainties include our ability to retain customers and expand the use of our solution by our customers, our ability to attract new customers, our future financial performance, including trends in revenue and annual recurring revenue, net retention rate, costs of revenue, gross profit or gross margin, operating expenses, customer counts, non-GAAP financial measures (such as revenue adjusted for constant currency, year-over-year revenue growth adjusted for constant currency, non-GAAP gross margin, non-GAAP operating margin, and free cash flow and free cash flow margin, our ability to achieve or maintain profitability, the demand for our products or for solutions for connected operations in general, the impact of geopolitical tension, the emergence of public health crises, and similar macroeconomic events, including financial distress caused by bank failures, the impact of political elections in the United States and abroad, global supply chain challenges, increased costs (such as increases in the cost of memory and computing), foreign currency fluctuations, elevated inflation and interest rates, and changes to monetary, fiscal, and trade (including tariff) policies, on our and our customers’ and partners’ respective businesses, the length of our sales cycles, possible harm caused by a security breach or other incident affecting our or our customers’ assets or data, our ability to compete successfully in competitive markets, our ability to respond to rapid technological, legal, and regulatory changes, and our ability to continue to innovate and develop new Applications. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings and reports that we may file from time to time with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Use of Non-GAAP Financial Measures

This document includes certain non-GAAP financial measures. Reconciliations of non-GAAP financial measures to our financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data.

Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow does not reflect our future contractual commitments or the total increase or decrease of our cash balance for a given period. These and other limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business.

We present these non-GAAP financial measures to assist investors in seeing Samsara’s operating results through the eyes of management and because we believe that these measures provide an additional tool for investors to evaluate our business.

Expenses (Income) Excluded from Non-GAAP Performance Financial Measures—Stock-based compensation expense-related charges include the amortization of deferred stock-based compensation expense for internal-use software and cloud computing arrangements and employer taxes on employee equity transactions. Stock-based compensation expense is a non-cash expense and is dependent on our stock price, which is beyond our control. Accordingly, we find it useful to exclude stock-based compensation expense in order to better understand our ongoing operational performance. Employer taxes on employee equity transactions, which are cash expenses, are excluded because such taxes are directly tied to the timing and size of employee equity transactions and the future fair market value of our common stock, which may vary from period to period independent of the operating performance of our business.

In periods when they occur, significant lease modification, impairment, and related charges, and legal settlements and awards are excluded because management believes that such items are not reflective of our ongoing operational performance.

Operating Metrics and Non-GAAP Financial Measures

Annual Recurring Revenue (ARR)—We define ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date.

Net New ARR—Net new ARR is calculated as the difference between the annualized value of subscription contracts that have commenced revenue recognition as of the end of the reporting period and the annualized value of subscription contracts that have commenced revenue recognition as of the end of the prior reporting period.

Constant Currency—Constant currency is a methodology for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current period results for customer contracts denominated in currencies other than U.S. dollars are converted into U.S. dollars using the average currency exchange rates in effect during the comparative period, rather than the actual currency exchange rates in effect during the current period. For ARR and net new ARR, customer contracts denominated in currencies other than U.S. dollars are translated into U.S. dollars based on the currency exchange rate as of the day of the effective date of the contract. For guidance, currency impact on total revenue growth is derived by applying the average currency exchange rates in effect during the comparative period, rather than the currency exchange rates for the guidance period.

Customer—We define a customer as an entity, or group of affiliated entities with a shared parent organization, that has ARR of greater than $1,000 at the end of a reporting period. Determinations regarding the relationship between customer entities are primarily based on publicly available information and information supplied to us by our customers, and we have not independently verified the legal relationship between entities in all cases. Our customer count is subject to adjustments for acquisitions, spin-offs, segmentation by geography, and other market and commercial activity.

Non-GAAP Gross Profit and Non-GAAP Gross Margin—We define non-GAAP gross profit as gross profit excluding the effect of stock-based compensation expense-related charges included in cost of revenue. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of total revenue. We use non-GAAP gross profit and non-GAAP gross margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.

Non-GAAP Operating Income and Non-GAAP Operating Margin—We define non-GAAP operating income as income (loss) from operations excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements and awards, in periods when they occur. Non-GAAP operating margin is defined as non-GAAP operating income as a percentage of total revenue. We use non-GAAP operating income and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP operating income and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.

Non-GAAP Net Income and Non-GAAP Net Income per Share—We define non-GAAP net income as net income (loss) excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements and awards, in periods when they occur. Our non-GAAP net income per share–basic is calculated by dividing non-GAAP net income by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share–diluted is calculated by giving effect to all potentially dilutive common stock equivalents (stock options, restricted stock units, and shares issued under our 2021 Employee Stock Purchase Plan) to the extent they are dilutive. Non-GAAP net loss per share–diluted is the same as non-GAAP net loss per share–basic as the inclusion of all potential dilutive common stock equivalents would be antidilutive. We use non-GAAP net income and non-GAAP net income per share in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP net income and non-GAAP net income per share provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations.

Free Cash Flow and Free Cash Flow Margin—We define free cash flow as net cash provided by operating activities reduced by cash used for purchases of property and equipment. Free cash flow margin is calculated as free cash flow as a percentage of total revenue. We believe that free cash flow and free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives.

Webcast Information and Shareholder Letter

An investor presentation and accompanying shareholder letter are accessible from the Samsara investor relations website at https://investors.samsara.com/. Samsara will host a live webcast to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. The live webcast may be accessed at https://investors.samsara.com/. Following the webcast, a replay will be accessible from the same website.

Investor Contact:

Mike Chang

ir@samsara.com

Media Contact:

Stephanie Burke

media@samsara.com

SAMSARA INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

As of

August 1, 2026 January 31, 2026

Assets

Current assets:

Cash and cash equivalents $ 291,392 $ 318,789

Short-term investments 537,536 515,003

Accounts receivable, net 337,792 321,442

Inventories 57,032 48,194

Connected device costs, current 155,670 142,904

Deferred commissions, current 95,030 85,463

Prepaid expenses and other current assets 98,315 75,323

Total current assets 1,572,767 1,507,118

Long-term investments 496,782 403,123

Property and equipment, net 88,030 81,607

Operating lease right-of-use assets 58,317 60,303

Connected device costs, non-current 333,878 297,245

Deferred commissions, non-current 199,224 176,415

Other assets 20,130 14,863

Total assets $ 2,769,128 $ 2,540,674

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable $ 41,239 $ 47,680

Accrued expenses and other current liabilities 123,171 102,073

Accrued compensation and benefits 62,236 75,403

Deferred revenue, current 728,904 679,316

Operating lease liabilities, current 12,535 12,566

Total current liabilities 968,085 917,038

Deferred revenue, non-current 123,868 129,726

Operating lease liabilities, non-current 56,957 60,202

Other liabilities 18,244 13,261

Total liabilities 1,167,154 1,120,227

Stockholders’ equity:

Preferred stock — —

Class A common stock 13 13

Class B common stock 23 23

Class C common stock — —

Additional paid-in capital 3,161,197 3,035,176

Accumulated other comprehensive income (loss) (887) 4,357

Accumulated deficit (1,558,372) (1,619,122)

Total stockholders’ equity 1,601,974 1,420,447

Total liabilities and stockholders’ equity $ 2,769,128 $ 2,540,674

SAMSARA INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(In thousands, except share and per share data)

(Unaudited)

Three Months Ended Six Months Ended

August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025

Revenue $ 508,437 $ 391,480 $ 987,281 $ 758,364

Cost of revenue 115,856 90,501 233,557 173,670

Gross profit 392,581 300,979 753,724 584,694

Operating expenses:

Research and development 102,556 85,612 200,123 168,854

Sales and marketing 217,774 174,083 421,377 339,483

General and administrative 67,376 67,903 120,154 136,231

Total operating expenses 387,706 327,598 741,654 644,568

Income (loss) from operations 4,875 (26,619) 12,070 (59,874)

Interest income and other income, net 12,654 11,426 54,386 24,149

Income (loss) before provision for income taxes 17,529 (15,193) 66,456 (35,725)

Provision for income taxes 1,287 1,607 5,706 3,196

Net income (loss) $ 16,242 $ (16,800) $ 60,750 $ (38,921)

Other comprehensive income (loss):

Foreign currency translation adjustments, net of tax 284 733 353 1,693

Unrealized gains (losses) on investments, net of tax (2,500) 818 (5,597) 1,377

Total other comprehensive income (loss): (2,216) 1,551 (5,244) 3,070

Comprehensive income (loss) $ 14,026 $ (15,249) $ 55,506 $ (35,851)

Basic and diluted net income (loss) per share:

Net income (loss) per share, basic and diluted $ 0.03 $ (0.03) $ 0.10 $ (0.07)

Weighted-average shares used in computing net income (loss) per share, basic 584,135,703 571,738,084 582,985,810 569,739,406

Weighted-average shares used in computing net income (loss) per share, diluted 590,464,665 571,738,084 589,069,554 569,739,406

SAMSARA INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Three Months Ended Six Months Ended

August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025

Operating activities

Net income (loss) $ 16,242 $ (16,800) $ 60,750 $ (38,921)

Adjustments to reconcile net income (loss) to net cash provided by operating activities

Depreciation and amortization 8,411 5,399 16,339 10,541

Stock-based compensation expense 96,385 81,135 173,856 158,214

Net accretion of discounts on investments (2,867) (2,406) (5,790) (4,988)

Other 3,284 (695) 3,894 (1,043)

Changes in operating assets and liabilities:

Accounts receivable, net (53,122) (30,002) (17,417) (14,100)

Inventories (4,955) (15,057) (10,026) (13,943)

Prepaid expenses and other current assets 1,722 (6,693) 936 (5,653)

Arbitration award receivable — — (30,329) —

Connected device costs (30,997) (4,683) (49,222) (10,643)

Deferred commissions (20,748) (9,820) (32,305) (16,255)

Other assets 4,069 194 (2,954) 181

Accounts payable and other liabilities 34,274 16,004 8,852 (15,232)

Deferred revenue 21,793 33,290 38,289 53,900

Operating lease liabilities 33 295 64 715

Net cash provided by operating activities 73,524 50,161 154,937 102,773

Investing activities

Purchases of property and equipment (8,783) (5,969) (17,019) (12,889)

Purchases of investments (220,964) (248,805) (578,487) (421,946)

Proceeds from maturities and redemptions of investments 249,317 186,618 465,888 348,590

Other investing activities 100 — 100 (200)

Net cash provided by (used in) investing activities 19,670 (68,156) (129,518) (86,445)

Financing activities

Proceeds from issuance of common stock from equity compensation plans 17,117 18,715 17,128 18,737

Taxes paid for net share settlement of equity awards (36,027) — (70,372) —

Other financing activities (74) (316) (171) (694)

Net cash provided by (used in) financing activities (18,984) 18,399 (53,415) 18,043

Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (1,916) 219 (2,308) 1,344

Net increase (decrease) in cash, cash equivalents, and restricted cash 72,294 623 (30,304) 35,715

Cash, cash equivalents, and restricted cash, beginning of period 222,245 280,886 324,843 245,794

Cash, cash equivalents, and restricted cash, end of period $ 294,539 $ 281,509 $ 294,539 $ 281,509

SAMSARA INC.

RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES

(In thousands, except percentages, share and per share data)

(Unaudited)

Three Months Ended Six Months Ended

August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025

Total revenue and revenue growth reconciliation

GAAP revenue $ 508,437 $ 391,480 $ 987,281 $ 758,364

Add:

Constant currency adjustment (2,297) — (7,423) —

Revenue adjusted for constant currency (1)

$ 506,140 $ 391,480 $ 979,858 $ 758,364

GAAP revenue growth 30 % 30 % 30 % 31 %

Revenue growth in constant currency (1)

29 % 30 % 29 % 31 %

Gross profit and gross margin reconciliation

GAAP gross profit $ 392,581 $ 300,979 $ 753,724 $ 584,694

Add:

Stock-based compensation expense-related charges (2)

5,417 4,713 10,582 9,074

Non-GAAP gross profit $ 397,998 $ 305,692 $ 764,306 $ 593,768

GAAP gross margin 77 % 77 % 76 % 77 %

Non-GAAP gross margin 78 % 78 % 77 % 78 %

Operating income (loss) and operating margin reconciliation

GAAP income (loss) from operations $ 4,875 $ (26,619) $ 12,070 $ (59,874)

Add:

Stock-based compensation expense-related charges (2)

101,106 86,317 184,923 170,643

Non-GAAP operating income $ 105,981 $ 59,698 $ 196,993 $ 110,769

GAAP operating margin 1 % (7 %) 1 % (8 %)

Non-GAAP operating margin 21 % 15 % 20 % 15 %

Net income (loss) reconciliation

GAAP net income (loss) $ 16,242 $ (16,800) $ 60,750 $ (38,921)

Add:

Stock-based compensation expense-related charges (2)

101,106 86,317 184,923 170,643

Legal gain from arbitration award (3)

— — (30,329) —

Non-GAAP net income (4)

$ 117,348 $ 69,517 $ 215,344 $ 131,722

SAMSARA INC.

RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES

(In thousands, except percentages, share and per share data)

(Unaudited)

Three Months Ended Six Months Ended

August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025

Net income (loss) per share, basic and diluted, reconciliation

GAAP net income (loss) per share, basic $ 0.03 $ (0.03) $ 0.10 $ (0.07)

Total impact on net income (loss) per share, basic, from non-GAAP adjustments 0.17 0.15 0.27 0.30

Non-GAAP net income per share, basic $ 0.20 $ 0.12 $ 0.37 $ 0.23

GAAP net income (loss) per share, diluted (5)

$ 0.03 $ (0.03) $ 0.10 $ (0.07)

Total impact on net income (loss) per share, diluted, from non-GAAP adjustments 0.17 0.15 0.27 0.30

Non-GAAP net income per share, diluted (5)

$ 0.20 $ 0.12 $ 0.37 $ 0.23

Weighted-average shares used in computing GAAP and non-GAAP net income (loss) per share, basic 584,135,703 571,738,084 582,985,810 569,739,406

Weighted-average shares used in computing GAAP net income (loss) per share, diluted (5)

590,464,665 571,738,084 589,069,554 569,739,406

Weighted-average shares used in computing non-GAAP net income per share, diluted (5)

590,464,665 585,391,189 589,069,554 584,098,286

SAMSARA INC.

RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES

(In thousands, except percentages, share and per share data)

(Unaudited)

Three Months Ended Six Months Ended

August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025

Free cash flow and free cash flow margin reconciliation

Net cash provided by operating activities $ 73,524 $ 50,161 $ 154,937 $ 102,773

Purchases of property and equipment (8,783) (5,969) (17,019) (12,889)

Free cash flow $ 64,741 $ 44,192 $ 137,918 $ 89,884

Net cash provided by operating activities margin 14 % 13 % 16 % 14 %

Free cash flow margin

13 % 11 % 14 % 12 %

__________

(1)To facilitate comparability across periods, revenue and revenue growth are adjusted for constant currency by excluding the effect of foreign currency rate fluctuations.

(2)Stock-based compensation expense-related charges were included in the following line items of our condensed consolidated statements of operations and comprehensive income (loss) as follows:

Three Months Ended Six Months Ended

August 1, 2026 August 2, 2025 August 1, 2026 August 2, 2025

Cost of revenue $ 5,417 $ 4,713 $ 10,582 $ 9,074

Research and development 37,498 31,346 69,608 60,902

Sales and marketing 29,447 25,345 54,067 50,925

General and administrative 28,744 24,913 50,666 49,742

Total stock-based compensation expense-related charges (6)

$ 101,106 $ 86,317 $ 184,923 $ 170,643

(3)On February 3, 2026, in the breach of contract, fraud, unfair competition, and false advertising arbitration matter between Samsara Inc. and Motive Technologies, Inc., an arbitration award was rendered in favor of Samsara. As a result of the arbitration award, Samsara recognized a gain of $30.3 million during the six months ended August 1, 2026.

(4)There were no material income tax effects on our non-GAAP adjustments for all periods presented.

(5)For each period in which we had net income, diluted net income per share is calculated using weighted-average number of shares of common stock outstanding during the period, adjusted for dilutive potential shares that were assumed outstanding during the period.

(6)Stock-based compensation expense-related charges included amortization of capitalized stock-based compensation expense of approximately $1.5 million and $2.8 million for the three and six months ended August 1, 2026, respectively, and approximately $0.8 million and $1.6 million for the three and six months ended August 2, 2025, respectively, which was initially capitalized as internal-use software or cloud computing arrangements. Stock-based compensation expense-related charges also included approximately $3.3 million and $8.3 million of employer taxes on employee equity transactions for the three and six months ended August 1, 2026, respectively, and approximately $4.4 million and $10.9 million of employer taxes on employee equity transactions for the three and six months ended August 2, 2025, respectively.

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