Samsara Inc. reported its first-quarter fiscal year 2026 earnings with revenue of $366.9 million, marking a 31% year-over-year increase and surpassing estimates of $351.56 million by 4.4%. The company posted a non-GAAP net income per share of $0.11, exceeding the consensus estimate of $0.05 by 120%. Annual recurring revenue (ARR) reached $1.535 billion, reflecting 31% growth compared to the previous year. Samsara's guidance for the second quarter projects revenue between $371 million and $373 million, with earnings per share expected in the range of $0.06 to $0.07. For the full fiscal year 2026, the company anticipates adjusted EPS between $0.39 and $0.41, above the estimated $0.33, and revenue between $1.55 billion and $1.56 billion, exceeding the $1.53 billion consensus. Despite the strong earnings beat and raised guidance, Samsara's stock declined by 12% following the announcement. Implied volatility for Samsara’s June 6 weekly call options surged to 220, compared to the typical 52-week range of 36 to 95, ahead of the earnings release.