Samsara Inc. (NYSE:IOT) Q2 2025 Earnings Conference Call September 5, 2024 5:00 PM ET

Company Participants

Mike Chang - Vice President, Corporate Development and Investor Relations
Sanjit Biswas - Chief Executive Officer and Co-Founder
Dominic Phillips - Chief Financial Officer

Conference Call Participants

Kash Rangan - Goldman Sachs
Alex Zukin - Wolfe Research
Chris Quintero - Morgan Stanley
Kirk Materne - Evercore
Matthew Hedberg - RBC Capital Markets
James Fish - Piper Sandler
Michael Turrin - Wells Fargo
Matthew Bullock - Bank of America
Dylan Becker - William Blair
Ella Smith - JPMorgan
Derrick Wood - Cowen and Company
Junaid Siddiqui - Truist

Mike Chang

Good afternoon and welcome to Samsara's Second Quarter Fiscal 2025 Earnings Call. I'm Mike Chang, Samsara's Vice President of Corporate Development and Investor Relations.

Joining me today are Samsara's 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 more fully in our SEC filings. Any forward-looking statements that we make on this call are based on assumptions as of today, September 5, 2024, 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, we will discuss our second quarter fiscal 2025 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. 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.

And with that, I'll hand over the call to Sanjit.

Sanjit Biswas

Thanks, Mike, and thank you, everyone, for joining us today. Samsara delivered another strong quarter of durable and efficient growth at greater scale. We ended Q2 with $1.26 billion in ARR, growing 36% year-over-year.

We also achieved a quarterly record for non-GAAP operating margin. We are the strategic partner to the world's leading and most complex physical operations organizations. Large customer momentum continues to fuel our growth. We added 169 customers with more than $100,000 in ARR.