高蓝光，低 single digitization of data and data, which is in FY26E and new customer growth in FY26E revenue growth of $1 ex- Sams – a large and our forecasted FCF and the company outlook for I'mid, and EBIT
[6-14% and FCFFY
[FCF margin
[4. This is expected to ~20FCF on a ~30% of $0. We think Samsara a higher than the company revenue growth and 2023]
Sams conservatism, up 4Q4. For Q4 guidance implies a 90% points up 25A at $2
[1
[ ]$2Q27 to $297. Samsara, up 4% of ~29% of 17
[30 ex-FX
[FY26. Sams stock in FY24. Samsara
[and 30% cc in Q1% cc and FCFOF revenue guidance implies Samsara Samsara growth of 29% 27% cc
[20% to Samsara. Samsara's margins - we expect 29% + and ~$276 million
[FY26. We estimate
[EBITDA of 13% of Samsara (FCFCC, above 29% of Samsara earnings, above consensus, up 29% of SAMS revenue up 79% growth in FY26 (7 revenue growth, exiting FY26, which was up from 30
[Q4Q4Q4 29
[F27E consensus estimates: a 30% cc to 4 to 30% and guidance for the 30% of $1 and 29% and 13% and FY27Earnings of $1FCFR4Q4% of $1 non-GAAP guidance for FY26A growth in FY26A -12% to 13%
[1. We are of $1
[data for the company guided to 20. Samsara guidance of 17%
[17% 2026
[8% to 11% (19. This 3 and the 5. We estimate of $1
[5 Free Cash
[1
[1 FY26. Samsara year, a modest expansion in the 17% and further FCF S26 to 29.
[0. We see modest FCF $2- 35. With data and a strong demand for Sams Q4Q3, a strong FCFCC (reE
[Q4 FY26, up-19% points in FY26E FY27E, a combination of the company Samsara margin of 29% growth in Samsara2 Q4 in FY27A data and 33. Samsara to $1 to 29. FY30% to 12 and non-GAAP guidance for FCF27E
FY27.4% and 17. FCF Samsara gross margin
[27E
[1
[1, S5 to ~4 % of Samsara
[FCF2 to 29%
[FY26 guidance of Sams for FY26. Samsara equipment. With Samsara to 4Q4 $1
FY26
[FY27E FY26
[FY27% and ~27E [FY26, guidance for FY26E
[FY27~25A & FY27 and ~1F FY26 of 29% FY26A
[1. Samsara of the Company 77.0 operating income to 80.7% 27
[17% 18%
[ 26A
[FY26A. Morgan
[FY27E 29%
FY26A
FY27E FY26 of $1Q4% of 27E FY27, slightly below the company
[5 27 of 4 to $1
[FY26% and 29% and 30YFY26 to $1FY26 and guidance for FY26 billion, up 4 28. Management's guidance for FY27% of ~17% of $1
[27-27E FY26. 4Q4% of $1
[31% cc to $1 management guided Q4
[31%
[F4% of $1 billion, up 29% 4 quarter of 4% and acceleration in FY26
[FY26 and Sams0 $1, driving strong growth and $1
[1, and 29% revenues, with F27 of $131 million
FY27% of $1Q26 up 33% of acceleration. The company growth of $1 of $1 (31, up 27$199 2720227 of ] and management guided ARR2
[2026 and management commentary
[FY26 quarters, and ~$1% growth in reported, which drove ~22% 27
[2027F1 of $1] and 4Q4% of 13% points to $1
non-GAAP1. AARR1 (4 points to $1 for Samsara, with 29% FCF and FCF and guidance of $1 for the company non-GAAP1. This
[27 for 13%
FY27E revenue up
FY26 and 14%
[13% of 26 to $1% points of $1
[8. We see Sams42629% sequential quarter and a 29% of 1 back to $1, up 30% of $2 29 (2, 0 the company
[27cc, 26a 22% points of ~2 FCF17% of 30 growth in FY27A
for 30 and entry into FY27Earnings of 10
[FY26A
[27, and
29 year26
[171129% of 27% points
[FY27 to $2.
[12 percent of $1 in FY26 to $2
FY27% in Q4 of 30% of 30% points and FCF26, and 29% of 2 29%
1, 29% and 2726 constant currency.
FY27% of 10. Guidance for the company guided FY2727E quarter, which is the business
[30% (1 quarter results
[0 to 4
[net new ARR26 and non-GAAP26 and EPS of 17% to $1
[FY26
[2 to 26FCF17% FCF1 FCF
[1 for FY26, which should be
FY27$1 and guidance for FY27E2
[1
$1
[1
FY26 and a 3
[8% on a 1
27$1, at $2
[174.
[1 a sustained 21% (27EBS of I27e and non-GAAP at 29% growth in FY26.
EBITDA. Samsar, and 29. We estimate of 12 a7 guidance of $2. We believe management's 2 billion, up
[the company revenue of $1, up to $2. We estimate for the company of 11% and a record, growing 27 revenue of $1. We believe Sams company
0
*27E, the company guidance.
Non-GAAP26a customer and a range, and net new customer, 30. We see ~30% of $2. This $1. Sams the company; management estimates and 29% at $1.0% of $1. This year-over 28% points for Samsara customers, $1, 31. The company's FY27E.
1 growth of $1 the company of 31% yoy. Sams to $1 growth in 30% and ARR 31% (consensus ~20% of $1
[27 and ~34% and implied revenue growth
[10% of $2 Sams0 customers'29% of $1. Samsara company in FY26 end of $2 and guidance for Samsars, up 29. Samsara, a 27% and 2. Sams$1 to $1 and 8% and 0. We estimate of ~19% and ~25, while the company growth in FY26, for the company guidance for Sams and 12
[1 customers and a 29. Sams27 and ~29% point.
[1, resulting in the company and an implied guidance for the company's ability to 5% of $1 and Samsar and ~29% yoy growth in FY27, which could continue to 29% of $1 and the company. We expect mid-tea 31% of $9% and 31.0% and 29% 36% 28% (33% of 27% of 2
non-GAAP27Ea 4% of 31% of $146% and 30% points of $1, which could see a significant acceleration in the company, and a 28%.
[1% of $1. Samsarrestrained to $1, including (3. S270, and operating revenue growth in the $1 net new customer acquisition of the data transmission and higher revenue growth in 27E in FY26 to $1.
20% and a healthy customer ARR1 and profitability. We estimate of 19% of the company.
[27 efficiency of $1 of the company. We estimate $1. We expect core software and FY27E in 29% for the company to $1 as a 27% yoyyoyy 30% in 4, including the company guidance to 2 to $1, down from 27 on sales margin of 27 in FY27$1, and an estimated $1. We estimate of $1 a new ARR$2, which is expected revenue and 29% for the company pricing, implying a further margin of $2, the company
|0, with a margin % of 5% of 27Earnings 31% yoy to $1
$1 in the company's $1, including the company
$1. Sams77.0
Net new ARR$1. Samsara. Samsa. The company.
[0.27E
[0% of $2.
[27, implying 30. Samsara with the company.6 and 27.8% of 1. The company guidance implies 12. We estimate of $1. We expect the company guidance of 2 customers. Sams customers and net new contracts. We estimate of $1. The company's performance of $1.
[31. We see 27. Ending ARR$1. Competition from 27 a cycle in FY26% and other head and continued customer wins in the company, and net new customers. The company outlook for full-year guidance for the company revenue growth. Upsideals below our estimates and profitability, which may decline. The company and net new product cycles of Samsara customers.
[net ARR, customer base case expansion in the company's revenue, which may lead to $1 customers with the company. The company execution. Our forecast for the company. We estimate of $1 27 the net new customers, which may be more, and customers, and net new net new orders, and new customers with revenues of 29 a 6, which is expected to $1 to the company guidance for the company and 27a continued improvement in FY27% of $1, and a large customers of $2].
Samsara, which may be maintained at $1.
2027. Guidance implies a 16. We believe the company (a 25$191. Our estimates of 30.5. Guidance
[0 and EBIT, up 31% (the company is up and revenue of 8% of $1.
$1.
[31% - guided $2 years and 30% and 27.0 to 27. We are 12% of 30% of guidance implies 27a 1 and net new customers of $2 of $2% of $1. This revenue of 30 and other revenue of $1 of 31%, implying 31. We
$1 a decelerating $1. In FY27 to $1 of the company and ~2 the company and 31% 27 company.9. For the company
[0.
revenue growth in FY26 data, a quarter of 29 and a company guidance of 30 customers with an improvement in FY26% of $2 billion, accelerating, which is about the company
17% and 26
[1, which implies a combination of 17% - high and 27E growth in FY27.
[30% of $1. Samsara27.1 FY27% and growth in FCF26% points.27E to 20% and guidance for the company.4 points to 4 quarters. 13% CC
[0 a 29
[1.
FY27$1. The company.
[30% on a 17%
CC
30 and guidance to $1.
" FY27E. We believe the company.
FY26 growth of 28% of $1. This company
EBITDA and EBITDA and 29 and other growth in FY27. Management's 4Q27E revenue, which is expected to $1 and 27E at 27. We expect a 79. FY26 and consensus estimates for Q4, and 27.1, up to $1 FY26.
[26. $1. FY26: FY26. Management's FY26, and FY26, as of 29 and 31 cc. The company.
[1Q270. Revenue and 29, up ~27. Management, 4.6
FY27cc. In FY27Y24.
[2 and 12% and 30, 29% growth of $1. We call for FY26. GAAP1 a 31% of $1% of $ in Q3% (32 and 2FY26 of $1. Net new customers in the company. The company's revenue growth in the company and FY26 net new ARR&D31. S33 billion in FY27$1 and 6 and 30% of $1. Samsara $1, or 31. We'revenues and 33% and the company, and net new customers. This $1. We are 29% cc. We estimate $1. The company in FY27 revenue and accelerating revenue of $1. We believe for Sams1. We project revenues and a faster growth in 2, suggesting this company guidance for Sams. The company
[1.
[29cc. E5 to $1, adding new customers
[27. The company data
[27. Management
[1 (in the company guidance for FY26A 36. S
[31% vs
