Samsara turns first profit, reincorporates in Nevada, invests heavily in AI infrastructure

Filed June 9, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 10, 2025 · ~2 min read

Key Changes

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  Q1 FY2027 net income of $44.5M vs. $22.1M loss prior year, marking first quarterly profit. Includes $30.3M one-time arbitration award against Motive Technologies for breach of contract and fraud.

  MD&A: Financial Results verify on EDGAR →
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  ARR grew 30% to $1.99B; customers over $100K ARR increased 27% to 3,363. R&D spending up 17% with $4.6M specifically for AI tooling and development infrastructure.

  MD&A: Key Metrics & R&D verify on EDGAR →
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  Company reincorporated from Delaware to Nevada on June 1, 2026. Nevada law requires two-thirds vote to remove directors (vs. simple majority in Delaware), strengthening anti-takeover protections.

  Risk Factors: Governance verify on EDGAR →