Samsara reports Q2 EPS 12c, consensus 7c

Reports Q2 revenue $391.5M, consensus $372.2M. Ending ARR of $1.640 billion, representing 30% year-over-year growth in actuals and in constant currency. 2,771 customers with ARR over $100,000, an increase from 2,120 one year ago. Customers with ARR over $100,000 generated approximately $1 billion of ARR, representing 35% year-over-year growth. Customers with ARR over $1,000,000 contributed more than 20% of ARR. “Samsara (IOT) had another strong quarter of durable and efficient growth, ending Q2 with $1.6 billion in ARR, a 30% increase year-over-year,” said Sanjit Biswas, CEO. “As the trusted partner to some of the world’s largest and most complex operations, we’re seeing firsthand how the rise of the AI-driven economy is amplifying demand for our platform. We are innovating at an unprecedented pace and are excited to deliver even greater impact for our customers who keep the global economy running.”