Q2 2025 Earnings Summary
Reported on Sep 5, 2024 (After Market Close)
Pre-Earnings Price$38.75Last close (Sep 5, 2024)
Post-Earnings Price$43.15Open (Sep 6, 2024)
Price Change
$4.40(+11.35%)
- Strong and sustained revenue growth, with Q2 ending ARR at $1.264 billion, growing 36% year-over-year. The company also added 169 customers with more than $100,000 in ARR, marking the second highest quarter ever for this metric.
- Robust customer demand despite macroeconomic uncertainties, with no observed impact on deal cycles. The company achieved its target dollar-based net retention rate of 115% for core customers and 120% for large customers, indicating strong customer retention and expansion.
- Successful international expansion, particularly in Europe, which experienced its fourth consecutive quarter of accelerating year-over-year ARR growth at a larger scale. This highlights effective execution in frontier markets and potential for continued growth abroad.
- Samsara is embedding macro worsening in their ARR outlook due to talks about slowing macroeconomics and more inherent uncertainty in an election year, which may signal potential impact on future business growth.
- Continued investment in R&D and capital allocation for additional product development may increase operating expenses, possibly affecting margins and profitability.
- Customer adoption may be slower due to internal change management, as many customers are in the early stages of digital transformation, leading to phased rollouts rather than immediate full-scale adoption, which could delay revenue realization.
Research analysts covering Samsara.