Samsara Q2 Revenue Surges 30% on Transport, Mexico
Samsara reported second-quarter fiscal 2027 revenue of $508.4 million, up 30% year over year, as the connected‑operations technology provider continued expanding among large customers and saw accelerating growth in transportation and Mexico.
Strong momentum in transportation and Mexico
The San Francisco‑based company (NYSE: IOT) said annual recurring revenue reached $2.125 billion for the quarter ended Aug. 1, also showing strong growth from a year earlier. Net new ARR totaled $134.1 million, up 28%.
The firm delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with continued year‑over‑year growth for the third consecutive quarter, co‑founder and CEO Sanjit Biswas said during an earnings call with analysts after the market closed.
Biswas noted that large customers continue to drive momentum, while adoption of the latest artificial‑intelligence features has increased more than fourfold during the past two months.
Samsara’s Connected Operations platform combines telematics, video‑based safety, equipment monitoring, maintenance and other applications aimed at trucking, logistics, construction, field services and other industries with large physical operations.
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The company’s transportation business showed strengthening momentum during the quarter. Transportation accounted for the second‑highest mix of net new annual contract value, behind field services, while growth in transportation accelerated sequentially for the third consecutive quarter.
Public‑sector business also strengthened, posting its second‑highest net new ACV mix on record.
Management said the opportunity in trucking remains substantial. During the earnings call, executives estimated that about 50% of commercial vehicles in North America remain unconnected, while 85% do not have an AI dash camera.
Mexico was another area of accelerating growth. The company said net new annual contract value growth in Mexico accelerated for the second consecutive quarter, giving the country its highest share of net new ACV in five quarters.
Security appears to be one factor.
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It drives adoption of the technology among Mexican fleets.
“Same thing down in Mexico. We’ve invested heavily in security. That’s a very key use case for them,” Biswas said, pointing to features such as panic buttons and vehicle immobilizers.
Biswas also cited Grupo Trayecto, one of the firm’s large transportation customers in Mexico, saying the brand reputation is expanding as it works with large, complex operators.
Monterrey, Mexico‑based Trayecto is the biggest freight transportation company in the country, with more than 4,000 trucks, 10,000 trailers and 4,000 drivers.
Emerging products accounted for more than 20% of net new ACV for the third consecutive quarter. Eight of the ten largest net new ACV transactions included an emerging product.
