Samsara stock popped after the company late Thursday reported fiscal second-quarter earnings and revenue that beat Wall Street's targets amid low expectations while its October-quarter revenue guidance came in slightly above views.
The San Francisco-based company released its earnings report after the market close. For the quarter ended Aug. 2, Samsara reported earnings of 12 cents per share on an adjusted basis, up 140% from a year earlier. Meanwhile, revenue rose 30% to $391.5 million, the company said.
Analysts expected Samsara to report a profit of 7 cents a share on sales of $372.2 million. Annual recurring revenue (ARR) from subscriptions rose 30% to $1.64 billion vs. estimates of $1.624 billion.
"Samsara reported a good quarter highlighted by ARR of $1.64 billion, implying net new ARR of $105 million, up 19%, vs. consensus at $88.6 million," RBC Capital analyst Matthew Hedberg said in a report.
Samsara Stock: Revenue Guidance
For the current quarter ending in October, Samsara said it expects revenue of $399 million at the midpoint of its outlook vs. consensus estimates of $395 million.
In after-hours trading on the stock market today, Samsara stock popped more than 8% to 38.80. Samsara stock had advanced 9% in 2025 heading into the earnings report.
Samsara has an IBD Composite Rating of 54 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.
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