Samsara Inc. (NYSE:IOT) Q2 2024 Results Conference Call August 31, 2023 5:00 PM ET
Company Participants
Mike Chang - Vice President of Corporate Development and Investor Relations
Sanjit Biswas - Chief Executive Officer and Co-Founder
Dominic Phillips - Chief Financial Officer
Conference Call Participants
Chris Quintero - Morgan Stanley
Michael Turrin - Wells Fargo
Matt Pfau - William Blair
Sterling Auty - MoffetNathanson
Jacob Staffel - Goldman Sachs
Jim Fish - Piper Sandler
Alex Zukin - Wolfe
Junaid Siddiqui - Truist
Derek Wood - Cowen
Mike Chang
Good afternoon, and welcome to Samsara's Second Quarter Fiscal 2024 Earnings Call. I'm Mike Chang, Samsara's Vice President of Corporate Development and Investor Relations. Joining me today are Samsara Chief Executive Officer and Co-Founder, Sanjit Biswas; and our Chief Financial Officer, Dominic Phillips. In addition to our prepared remarks on this call, additional information can be found in our shareholder letter press release, investor presentation and SEC filings on our Investor Relations website at investors.samsara.com.
The matters we'll discuss today include forward-looking statements. Actual results may differ materially from those contained in the forward-looking statements and are subject to risks and uncertainties described fully in our SEC filings. Any forward-looking statements that we make on this call are based on assumptions as of today, August 31, 2023, and we undertake no obligation to update these statements as a result of new information or future events unless required by law.
During today's call, some of our discussions will include our second quarter fiscal 2024 financial results. We'd like to point out that the Company reports non-GAAP results in addition to and not as a substitute for or superior to financial measures calculated in accordance with GAAP. All financial figures we will discuss today are non-GAAP, except for revenue and revenue growth. Reconciliations of GAAP to non-GAAP financial measures are provided in our press release and investor presentation. We'll make opening remarks, dive into highlights for the quarter and then open the call up for Q&A.
With that, I'll hand over the call to Sanjit.
Sanjit Biswas
Thanks, Mike, and thank you, everyone, for joining us today. Samsara achieved another strong quarter as we continue to deliver rapid ROI for the world's leading and most complex organizations. We ended Q2 with an ARR of $930 million, growing 40% year-over-year. Q2 is also our first adjusted free cash flow positive quarter, and we are proud to have achieved this milestone towards becoming a self-sustaining business.