IOT platform provider Samsara's Q3 revenue beats expectations

Overview

• Samsara Q3 revenue grows 29% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 beats consensus, reflecting efficient operations

• Company achieves first quarter of GAAP profitability

Outlook

• Samsara expects Q4 revenue between $421 mln and $423 mln

• Company projects FY2026 revenue of $1.595 bln to $1.597 bln

• Samsara anticipates Q4 non-GAAP EPS of $0.12 to $0.13

Result Drivers

• LARGE CUSTOMER GROWTH - Samsara reports a record increase in customers with ARR over $100,000, contributing to strong revenue growth

• AI AND PARTNERSHIPS - CEO attributes growth to partnerships with large operations organizations and AI-driven efficiency improvements

• ARR GROWTH - Samsara's ARR reached $1.745 bln, growing 29% yr/yr, driven by customer expansion

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Samsara Inc is $48.50, about 24.3% above its December 3 closing price of $39.01

• The stock recently traded at 70 times the next 12-month earnings vs. a P/E of 77 three months ago

Press Release: ID:nBw40DLTWa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)