Samsara Posts Q2 EPS of 3 Cents, Beating Expectations
IOT sits 66% above its 52-week low of $23.38 on elevated volume (2.4× avg).
Summary
Samsara reported Q2 EPS of 3 cents, beating consensus expectations. The company posted Q2 net new ARR of $134.1 million and ending ARR of $2.125 billion, with revenue beating estimates on large-customer growth. This follows strong Q1 results with 31% revenue growth and net income of $44.5 million, though that quarter included a $30.3 million arbitration award. Samsara guided Q3 revenue to $514M-$516M and Q3 adjusted EPS to 18c-19c, and sees FY27 revenue of $2.043B-$2.047B. The company has seen significant insider selling recently, with CEO Sanjit Biswas and director Marc Andreessen filing to sell large stakes. The earnings beat may provide a counterweight to that selling pressure.
At the time of this announcement, IOT was trading at $38.81 on NYSE in the Technology sector, with a market capitalization of approximately $22.6B. The 52-week trading range was $23.38 to $47.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.