Samsara Inc - Ordinary Shares - Class A

Strong Revenue Growth: Samsara reported $1.54 billion in Annual Recurring Revenue (ARR) for Q1 FY2026, representing a 31% year-over-year growth. Revenue for the quarter was $367 million, also up 31% year-over-year, showcasing continued robust performance in the company’s financials.

Customer Expansion: There was a notable increase in large customer accounts, with a total of 2,638 customers generating over $100,000 in ARR, a 35% increase year-over-year. The average ARR per large customer rose to $338,000, further indicating a positive trend in customer retention and upselling of products.

Macro Challenges and Sales Cycle Elongation: The company experienced incidents of elongated sales cycles due to macroeconomic conditions, particularly post-liberation day. Customers shifted their focus toward spending on tariff-impacted goods, which delayed some large deal closures that were expected in Q1. Despite this, the pipeline remains strong with record generation in Q1.