Samsara Stock Soars on Earnings. It Was a Record-Setting Quarter. -- Barrons.com

Dow Jones12-05 23:41

By Nate Wolf

Shares of Samsara took off on Friday after the "internet of things" company reported better-than-expected earnings and lifted its fiscal-year outlook.

Samsara, whose technology helps connect physical operations like construction and shipping, posted adjusted earnings of 15 cents a share for its fiscal third quarter, ended Nov. 1. Analysts had forecast a profit of 12 cents a share, per FactSet.

Revenue totaled $416 million, up 29% from the year-ago period and above Wall Street's call for $399.3 million. Annual recurring revenue, or ARR, also grew 29% from last year.

After barely moving in the after-hours session Thursday, Samsara stock jumped 16% to $47.20 on Friday. The gain brought shares into the black in 2025.

Samsara now expects adjusted per-share earnings of 50 cents to 51 cents on 28% revenue growth in 2026. The company had previously forecast earnings of 45 cents to 47 cents a share on 26% growth.

Friday's performance is a notable boost for a stock that has struggled to recover from a sharp selloff earlier this year. Shares tumbled 44% between Feb. 18, when the stock hit its record high, and March 10, a few days after the company's 2025 fourth-quarter earnings missed expectations.

A solid earnings report in September, buoyed by a record number of customers with at least $1 million in ARR, helped pare some of the stock's losses. Samsara matched that record this past quarter, adding another 17 such customers. It also added a record 219 customers with ARR over $100,000.

"It was a milestone large customer quarter," CEO Sanjit Biswas said in a letter to shareholders Thursday, pointing to new clients like the State of New York and the engineering company UES. "Many of these partnerships have a clear path to becoming $10M+ customers."

Biswas told Barron's in September that securing high-dollar deals is a priority for the business.

Write to Nate Wolf at nate.wolf@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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December 05, 2025 10:41 ET (15:41 GMT)

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