Samsara

Samsara, Inc. develops Internet connected sensor systems. It combines plug-and-play sensors, wireless connectivity, and cloud-hosted software integrated for deployment. The company was founded by John Bicket and Sanjit Biswas in 2015 and is headquartered in San Francisco, CA.

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Samsara reports robust Q1 performance, focuses on digital transformation and ESG goals

Samsara's Q1 performance showcased strong growth in ARR and revenue, driven by a record number of new large customers. The company's focus on digital transformation and ESG goals presents opportunities for further expansion. While the hiring environment remains favorable, the company anticipates a lower growth rate in headcount compared to the previous year.

Samsara reports strong Q2 performance and raises full-year revenue guidance

Samsara's Q2 performance showcased strong growth in ARR and revenue, with a focus on investing in sales capacity and achieving positive free cash flow. While the company faces challenges with upcoming product releases and privacy concerns, it has opportunities for growth through new product introductions and momentum in state and local markets.

Samsara surpasses $1 billion in ARR, raises FY '24 revenue guidance

Samsara's Q3 2024 Earnings Call showcased strong financial performance, with a focus on surpassing $1 billion in ARR and positive non-GAAP operating profit. The company emphasized its impact on customers' operations and ROI, while also highlighting opportunities for international market scaling and product expansion.

Samsara excels in Q4 2023, eyes public sector growth

Samsara delivered strong financial performance in Q4 2023, showcasing robust growth and achieving key milestones in revenue and free cash flow margin.
The company's platform, renewal success, and competitive differentiation position it well for continued success, despite facing challenges in achieving free cash flow breakeven.
Opportunities in the public sector, API integrations, and gross margin optimization provide avenues for future growth and business leverage for Samsara.

Samsara excels in Q1, eyes international expansion and profitability

Samsara's Q1 success is underscored by strong financial metrics, customer additions, and leadership transitions. The company's strategic focus on AI, ESG, and operational efficiency positions it well for future growth and profitability.

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SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced that it will release its financial results for the third quarter of fiscal year 2023, which ended October 29, 2022, after the U.S. market closes on Thursday, December 1, 2022.

Samsara to Announce Third Quarter Fiscal 2023 Financial Results on December 1, 2022

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SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced the hiring of Steve Pickle as Chief People Officer, effective October 10, 2022. Pickle joins Samsara from Salesforce where he served as Executive Vice President of Global People Strategy and Operations. At Salesforce he led a global team of HR professionals, data scientists, and technology specialists to deliver a world-class working environment and culture for Sa

Samsara Appoints Steve Pickle as First Chief People Officer

MUNICH, Germany--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced the appointment of Jürgen Schachner as Regional Sales Director, DACH, and the opening of a new office in Munich, Germany, that will serve as a hub for the German-speaking region. The announcements support Samsara's plans to further expand its European presence and support its international growth. Samsara has grown from zero to $660M+ of annual recurring revenue

Samsara Continues Investment in DACH Region with Appointment of Regional Sales Director and Opening of New Munich Office

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced that it is opening a new office in Warsaw, Poland, as part of an investment plan to expand its international footprint. Samsara's latest expansion to its European operation, which now includes operational centers in the UK, France, and the Netherlands, will enable the company to provide exceptional support to its new, and existing, customers. “Our EMEA business co

Samsara to Open New European Technology Center in Warsaw, Poland

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Rubicon Enters Technology Partnership with Samsara

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced two milestones as it becomes the system of record for physical operations. Two hundred partner integrations, including ThermoKing, Navistar – and the latest, RUBICONSmartCity™ – are now available on the Samsara platform, making it the largest open ecosystem for physical operations. In addition, the company has welcomed a new executive, Ursula Worth, Vice President

Samsara Announces 200th Partner Integration with its Connected Operations Cloud; Becoming System of Record for Physical Operations

Samsara Inc. (NYSE:IOT ) Q2 2023 Earnings Conference Call August 31, 2022 5:00 PM ET Company Participants Mike Chang - Vice President of Corporate Development and Investor Relations Sanjit Biswas - Co-Founder & Chief Executive Officer Dominic Phillips - Chief Financial Officer Conference Call Participants Alex Zukin - Wolfe Research Matthew Pfau - William Blair Michael Turrin - Wells Fargo Derrick Wood – Cowen & Co Kash Rangan - Goldman Sachs Presentation Operator Good afternoon and welcome to Samsara's Second Quarter Fiscal 2023 Earnings Call. I'm Mike Chang, Samsara's Vice President of Corporate Development and Investor Relations.

Samsara Inc. (IOT) Q2 2023 Earnings Conference Call

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today released data that shows how it's helping customers reduce costs within the first year of adoption. Headwinds like inflation and high fuel prices have led physical operations companies to prioritize cost savings. Samsara helps leaders navigate today's challenges and its technology can act as a deflation enabler. For this data report, Samsara evaluated hundreds of Logistics

New Data Shows Samsara Drives Cost-Savings Opportunities for Customers in First Year

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, reported financial results for the second quarter ended July 30, 2022, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com. “We delivered another strong quarter of growth at scale, surpassing $660 million of ARR, growing more than 50% year-over-year,” said Sanjit Biswas, co-founder and CEO of Samsara. “Our customers provide the cr

Samsara Reports Second Quarter Fiscal 2023 Financial Results

The company's 52% growth in the July quarter beat guidance and Street estimates.

Samsara Tops Estimates and Boosts Full-Year Outlook

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SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced that it will release its financial results for the second quarter of fiscal year 2023, which ended July 30, 2022, after the U.S. market closes on Wednesday, August 31, 2022. Samsara will host a live webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Samsara's Second Quarter Fiscal Year 2023 Financial Results Date: We

Samsara to Announce Second Quarter Fiscal 2023 Financial Results on August 31, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced the hiring of Jeffrey Hausman as Chief Product Officer, effective July 25, 2022. Hausman joins Samsara from ServiceNow where he served as Senior Vice President and General Manager of the Operations Management Portfolio - ITOM, ITAM, Security, Risk, and ESG. He brings a proven track record of over 25 years leading product development as a senior executive across a

Samsara Welcomes Jeffrey Hausman as Chief Product Officer and Appoints Kiren Sekar as Chief Strategy Officer

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT) today announced that the Samsara Connected Operations Cloud has been selected by Coach USA, Inc., one of the largest transportation companies in North America. As part of its focus on leading passenger transit through technology, Coach USA will deploy Samsara's telematics solution and AI dash cams across its fleet of 1,500 vehicles to increase the safety, efficiency, and sustainability of its operations. “The safety of our customers and d

Coach USA Selects Samsara's Connected Operations Cloud to Strengthen Operations

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, held its inaugural customer conference, Samsara Beyond, on June 15-16, 2022. Hundreds of physical operations leaders gathered to learn about Samsara's latest innovations that unlock the power of physical operations data to help them increase operational efficiency, worker safety, business resiliency and fuel efficiency. For those who were unable to attend in-person, highlights from Samsara B

Samsara Announces Beyond Virtual Conference Showcasing the Future of Physical Operations

Samsara is an interesting industrial automation play. The company has seen solid topline growth, as valuations have been reset alongside the retreat in technology and IPO names.

Samsara: Sensors On

SAN FRANCISCO--(BUSINESS WIRE)-- #SamsaraBeyond--Today at its customer conference Beyond, Samsara Inc. (NYSE: IOT), announced a series of new integrations, partnerships, and product features to further transform physical operations. Samsara is the pioneer of the Connected Operations Cloud, an integrated platform that enables customers to access, analyze, and act upon real-time data to digitally connect their physical operations. The company's latest innovations help customers unlock the power of physical operat

Samsara Beyond 2022: Driving Resiliency and Digital Transformation of Physical Operations

SAN FRANCISCO--(BUSINESS WIRE)-- #SamsaraBeyond--Today at its customer conference Beyond, Samsara Inc. (NYSE: IOT) announced it has entered into a partnership agreement with Free2move, the global fleet, mobility and connected data company that is part of Stellantis. This new integrated solution, designed to help shared customers operate more efficiently, enables data from eligible Stellantis factory-installed telematics devices to be pulled into Samsara's Connected Operations Cloud with no installation or addit

Samsara and Free2move Partner to Develop Integrated Solution to Help Commercial Fleets Operate More Efficiently

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SAN FRANCISCO--(BUSINESS WIRE)-- #SamsaraBeyond--Today at its customer conference Beyond, Samsara Inc. (NYSE: IOT) announced it will work with General Motors (GM) (NYSE: GM) to give shared customers a holistic view of their commercial fleets and help them operate more efficiently. Through this integrated solution, properly equipped 2015 or newer GM vehicles with the OnStar embedded module will gain connectivity to Samsara's Connected Operations Cloud with no installation or additional hardware required. Samsara

Samsara and General Motors Work to Optimize Cloud-Based Fleet Management

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced its inaugural State of Connected Operations Report. Perspectives from 1,500+ operations leaders revealed how digitization drives business resilience, why the new industrial workforce is demanding intelligent tools, and how investments in sustainability are paying off. The research found that Connected Operations Leaders—those who reported the highest level of digital maturity

New Samsara Research: Digitization Improves Business Resilience and Profits for Operations Leaders

The average of price targets set by Wall Street analysts indicates a potential upside of 136.3% in Samsara Inc. (IOT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 136% Upside in Samsara Inc. (IOT): Here's What You Should Know

Samsara Inc. (NYSE:IOT ) Q1 2023 Earnings Conference Call June 2, 2022 5:00 PM ET Company Representatives Sanjit Biswas - Co-Founder, Chief Executive Officer Dominic Phillips - Chief Financial Officer Mike Chang - Vice President of Corporate Development and Investor Relations Conference Call Participants Kirk Materne - Evercore Michael Turrin - Wells Fargo Keith Weiss - Morgan Stanley Matt Pfau - William Blair Kash Rangan -Goldman Sachs Derrick Wood - Cowen Ethan Bruck - Wolfe Mike Chang Good afternoon! And welcome to Samsara's First Quarter Fiscal 2023 Earnings Call.

Samsara Inc.'s (IOT) CEO Sanjit Biswas on Q1 2023 Results - Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, reported financial results for the first quarter ended April 30, 2022, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com. “We delivered another strong quarter of growth, surpassing $600 million of ARR in just our seventh year since founding,” said Sanjit Biswas, co-founder and CEO of Samsara. “We are continuing to see robust dem

Samsara Reports First Quarter Fiscal 2023 Financial Results

Samsara Inc. (IOT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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