Samsara Inc. FY 2026 Earnings Call

Morning, welcome to the fiscal 2027 annual stockholders meeting of Samsara Inc. I'm Adam Eltoukhy, Executive Vice President, Chief Administrative Officer, and Corporate Secretary, it's my pleasure to call to order and welcome you to our annual meeting of stockholders. I will lead the formal business of the meeting also act as secretary of the meeting. We're conducting this meeting via an audio webcast, as a reminder, this meeting is being recorded. We believe that this format affords us the opportunity for continued engagement with our stockholders, regardless of location. I'm joined today by our Co-founder, CEO, and Chair of the Board, Sanjit Biswas, along with several other members of our board of directors. We also have here with us representatives from Deloitte, our external auditor, and Wilson Sonsini, our external counsel.

Samsara has appointed Kathy Blackwell to act as the Inspector of Election for today's meeting. She has executed an oath of office to carry out her duties with strict impartiality and to the best of her ability, she will examine and tabulate the proxies and ballots at this meeting. As an overview of today's meeting, we will begin with the formal business portion, during which we will address the matters described in our fiscal 2027 proxy statement. We will provide time for a Q&A section, during which we will take questions that have been properly submitted in accordance with the rules of conduct and that are germane to the matters being voted on at today's meeting. Afterward, we will vote on the proposals presented in the proxy statement. We will announce preliminary voting results and adjourn the formal portion of this meeting.

Note that Samsara has adopted rules of conduct for the meeting, a copy of which is posted on the virtual meeting website. Any questions must be submitted in accordance with these rules of conduct and must be received before we conclude the Q&A session. Our board of directors previously set June 1st, 2026, as the record date for determining the stockholders entitled to a vote at this meeting. I have an affidavit of distribution from Broadridge Financial Solutions confirming that notice of this meeting was duly given that proxy materials related to this meeting were made available to stockholders of record determined as of the close of business on the record date on or about June 1st, 2026. Ms. Blackwell has advised me that we have present, virtually or by proxy, a sufficient number of shares to constitute the quorum necessary to proceed with this meeting.

Today's meeting is duly convened. We'll now proceed with the formal business of the meeting. It is now 10:02 A.M. Pacific Time on July 22nd, 2026, the polls are now open for voting. If you previously submitted your vote by proxy or otherwise, you don't have to vote again today unless you would like to change your vote. Stockholders of record who have not yet voted may vote online before the polls close. Please note, if you have received a voting instruction card from your bank, broker, or nominee, you are required to submit your voting instructions to your bank, broker, or nominee will not be permitted to vote at this meeting unless you have obtained a legal proxy from the record holder giving you the right to vote your shares at this meeting.

As set forth in the notice of the meeting, we have three matters properly before the meeting. First, election of directors. The first matter is to elect Sanjit Biswas, John Bicket, Marc Andreessen, Todd Bluedorn, Jonathan Chadwick, Alyssa Henry, Ann Livermore, and Gary Steele to serve as directors of the company until the fiscal year 2028 annual meeting of stockholders and until his or her successor is duly elected and qualified. These nominees were proposed by the board of directors. No nominees were submitted by stockholders. The board of directors unanimously recommends a vote for each of the nominees. The second matter is a proposal to ratify the appointment of Deloitte Touche Tohmatsu, LLP as Samsara's auditors for the fiscal year ending January 30, 2027. The board of directors unanimously recommends a vote for this proposal.

The third matter is a proposal to approve on a non-binding advisory basis the compensation of our named executive officers. The board of directors unanimously recommends a vote for this proposal. The polls are still open. Voting today is by proxy and online ballot. As previously mentioned, if you already submitted a proxy or voted via telephone or Internet and do not wish to change your vote, no further action is needed at this time. If you have not yet voted or wish to change your vote, you may do so now by clicking on the voting button in the web portal and following the instructions. We will now review questions properly submitted by stockholders in accordance with the rules of conduct and that are germane to the matters being voted on. After reviewing the submissions, there are no such questions. Therefore, we will conclude the Q&A session.

We will leave the polls open for another minute to allow anyone who chooses to vote electronically to cast their votes. It is now 10:06 P.M. Pacific Time on July 22, 2026, and the polls are now closed. Based on the preliminary report I received from Ms. Blackwell, regarding proposal one, the election of directors, each of Sanjit Biswas, John Bicket, Marc Andreessen, Todd Bluedorn, Jonathan Chadwick, Alyssa Henry, Ann Livermore, and Gary Steele are elected to serve as directors until the fiscal year 2028 meeting of stockholders and until his or her successor is duly elected and qualified. Regarding proposal two, the ratification of the appointment of Deloitte & Touche LLP is approved. Regarding proposal three, the compensation of our named executive officers is approved. These voting results are preliminary only.

The final results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission and made publicly available within four business days of the date of this meeting. I want to thank you all for attending today. There being no further business to come before this meeting, the formal portion of this meeting is adjourned. With that, I would like to thank you for coming. We appreciate your continued support of Samsara.

This concludes today's meeting. You may now disconnect.