Samsara stock fell after the company reported first-quarter earnings and revenue that topped Wall Street targets while July quarter revenue guidance edged by expectations.
The San Francisco-based company released its earnings report after the market close on Thursday. For Q1, Samsara reported earnings of 11 cents per share on an adjusted basis, up 266% from a 3-cent profit a year earlier. Meanwhile, revenue rose 31% to $366.9 million, the company said.
Analysts expected Samsara to report a profit of 6 cents a share on sales of $351 million. Annual recurring revenue from subscriptions rose 31% to $1.54 billion vs. estimates of $1.53 billion.
Samsara Stock: Guidance Edges By Views
For the current quarter ending in July, Samsara said it expects revenue of $372 million at the midpoint of its outlook versus consensus estimates of $369 million.
"Management noted it experienced some instances of elongated sales cycles in the quarter after (Trump administration) Liberation Day as some customers prioritized impacted tariff goods," RBC Capital Markets analyst Matthew Hedberg said in a report.
On the stock market today, Samsara stock fell more than 13% to 41 in extended trading. Samsara stock had advanced 7% in 2025 heading into the earnings report.
Samsara has a Composite Rating of 95 out of a best-possible 99, according to IBD Stock Checkup.
Founded in 2015, Samsara provides sensors and cloud-based software to manage vehicle fleets and industrial operations. Further, its Internet of Things platform provides GPS tracking for trucks, and monitors routes and vehicle performance.
Also, the company sells non-vehicle tags that track an assortment of smaller industrial assets.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
