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Samsara: Will International Expansion Unlock a Much Bigger Opportunity Than the U.S. Market?

Samsara Inc.’s recent earnings report for the third quarter of fiscal 2026 presents a nuanced picture of the company’s performance, suggesting both positive strides and potential challenges. On the positive side, Samsara achieved a significant milestone by reaching GAAP profitability, indicating improved operational efficiency and cost management. Additionally, the company reported an impressive $1.75 billion in Annual Recurring Revenue (ARR), reflecting a 29% year-over-year growth. This is primarily driven by an expansion in large enterprise partnerships, including the addition of 219 customers with over $100,000 in ARR. Notably, large customers are increasingly contributing to Samsara’s revenue, now accounting for more than $1 billion of ARR and reflecting a 36% growth year-over-year. Samsara’s strategic focus on integrating its data-driven platform with physical operations has shown traction.