Samsara FY 2026 earnings snapshot

Samsara (IOT) has just wrapped up FY 2026 with fourth quarter revenue of US$444.3 million and basic EPS of US$0.04, alongside trailing twelve month revenue of about US$1.6 billion and a small trailing net loss of US$9.1 million. The company has seen quarterly revenue move from US$346.3 million in Q4 FY 2025 to US$444.3 million in Q4 FY 2026, while basic EPS shifted from a loss of US$0.02 to a profit of US$0.04 over the same period. Over that time, the trailing twelve month EPS narrowed from a loss of US$0.28 to a loss of US$0.02. For investors, the key question is whether this mix of top line expansion and improving profitability signals margins that are starting to firm up in a more durable way.

See our full analysis for Samsara.

With the latest numbers on the table, the next step is to see how this earnings profile lines up against the widely followed growth and profitability narratives around Samsara.

FY 2026 revenue clears US$1.6b mark

• On a trailing twelve month basis, Samsara booked US$1.6b of revenue, up from US$1.25b one year earlier, while the trailing net loss narrowed from US$154.9 million to US$9.1 million over the same stretch.
• What bulls highlight is that this kind of revenue ramp sits alongside forecasts for about 16.5% annual revenue growth. Yet the recent trailing loss of US$9.1 million contrasts with bullish expectations that margins can move into positive territory in coming years.
  • The bullish narrative leans on past loss reduction, which is framed as improving at roughly 22.6% a year over five years. However, the current trailing loss shows that the move to sustained profitability is still a work in progress.
  • With trailing revenue at US$1.6b and forecasts pointing to faster growth than the 10.3% rate cited for the wider US market, the key bullish question is whether this higher growth path will translate into durable earnings, not just a smaller loss.

Bulls argue this revenue base could be a springboard for stronger profits, but the latest filing still shows a small loss. It is therefore worth checking how the full bull case connects the dots between growth, margins, and future earnings. 🐂 Samsara Bull Case

Quarterly EPS swings into the black

• In FY 2026, quarterly basic EPS moved from a loss of US$0.04 in Q1 to a profit of about US$0.04 in Q4, while quarterly net income shifted from a loss of US$22.1 million to a profit of US$22.0 million over the same span.
• Bears point out that even with this quarterly profit, the trailing twelve month EPS is still a loss of about US$0.02, which keeps alive concerns that profitability may be fragile.
  • Critics focus on the fact that trailing twelve month net income is still a loss of US$9.1 million, so a few profitable quarters do not yet match the more cautious view that sustained profits may take time.
  • At the same time, the shift in quarterly net income from a loss of US$37.8 million in Q3 FY 2025 to a profit of US$22.0 million in Q4 FY 2026 runs counter to the bearish idea that high investment and competition will keep margins under heavy pressure in the near term.

Skeptics warn that one profitable quarter does not settle the debate on long term earnings power, so it can help to see how the bear case frames the risks around margins and competition. 🐻 Samsara Bear Case

Premium valuation versus DCF and sales

• At a share price of US$35.36, the stock sits above the indicated DCF fair value of about US$32.01, and the P/S ratio of 12.6x is well ahead of both the 3.6x US Software industry average and the 6.1x peer average.
• Analysts’ consensus narrative pairs this premium with a single allowed price target of about US$43.89. This implies room between today’s price and that target but also leaves investors weighing growth expectations against higher multiples.
  • On one side, consensus expects earnings to grow very quickly from the current trailing loss of US$9.1 million, which is the basis for using a higher P/S multiple than the industry average even while the company is not yet profitable on a trailing basis.
  • On the other, critics of the premium point to the gap between the US$35.36 share price and the US$32.01 DCF fair value as a simple way to show that any future earnings recovery already has a lot of good news reflected in today’s valuation.

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Samsara on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

If this mix of optimism and caution has you on the fence, it is worth looking through the numbers yourself and forming your own view, starting with 3 key rewards and 1 important warning sign.

See What Else Is Out There

Samsara is still loss making on a trailing basis and carries a premium valuation, which leaves questions about how durable its profitability and pricing really are.

If that mix of thin profits and a rich multiple makes you cautious, check out 50 high quality undervalued stocks that pair stronger value signals with more grounded expectations.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.