Samsara (IOT): Large-Customer Growth Shows How Connected Operations Is Moving Upmarket

Samsara Inc. (NYSE:IOT) is one of the high growth low debt stocks to invest in right now. The company fits the list because its Connected Operations platform is still growing at a strong pace while the business is moving deeper into profitability and cash generation. On June 4, Samsara Inc. (NYSE:IOT) reported first-quarter fiscal 2027 revenue of $478.8 million, up 31% year over year, while ending ARR rose 30% to $1.99 billion.

The growth story is also becoming larger-customer driven. Samsara Inc. (NYSE:IOT) ended the quarter with 3,363 customers generating more than $100,000 in ARR, up 27% year over year, showing that its platform is gaining traction with complex operators rather than relying only on smaller fleet customers. Profitability improved at the same time, with GAAP net income of $44.5 million, non-GAAP operating margin of 19%, operating cash flow of $81.4 million, and adjusted free cash flow of $73.2 million. The balance sheet supports the low-debt angle as well. As of May 2, 2026, Samsara had about $1.28 billion in cash, cash equivalents, and investments, compared with total liabilities of about $1.11 billion.

Samsara Inc. (NYSE:IOT) provides a Connected Operations platform that helps transportation, construction, logistics, manufacturing, utilities, field services, and other physical-operations businesses manage fleets, equipment, safety, compliance, workflows, and operational data.

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