A nonlinear state observer design with sampled and delayed output measurements for variable speed and external load torque estimations of SPMSM drive system has been addressed, successfully. Sampled output state predictor is re-initialized at each sampling instant and remains continuous between two sampling instants. Throughout this study, a positive constant to satisfy an upper limit of the sampling period between sampling instants and allowable timing delay in terms of observer parameters has been prepared such that the exponential stable of the closed-loop system is guaranteed, based on Lyapunov stability tools. In order to validate the theoretical results introduced by main fundamental theorem to prove the observer convergence, the proposed sampled-data observer is demonstrated through a sample study application to variable speed SPMSM drive system.