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News 2026-09-03 22:49 UTC

IOT Q2 ARR and revenue both grew 30% YoY to $2.1B and $508M

ARR rose 30% year-over-year to $2.1B. Q2 revenue increased 30% to $508M, driven by record customer additions and multi-product adoption, with continued high-growth guidance despite near-term free cash flow pressure from supply chain investments.