Yes, it will automatically record oxygen levels during sleep. You may have to turn the setting on first, I'm not 100% sure which settings are on or off automatically out of the box. But when you open Samsungs 'Wearable' app click on 'Watch Settings' then click on 'Samsung Health', under the 'Measurements' section at the top click on 'Sleep' then toggle 'Blood Oxygen During Sleep' to on.