Samsara (IOT) Beats Q2 Expectations, Raises Full-Year Guidance

Samsara (IOT) exceeded analysts’ expectations in Q2, with adjusted earnings per share of $0.12 and revenue of $391.5 million, 30% higher than the previous year. The company saw a 31% increase in customers with annual recurring revenue over $100,000, totaling $1 billion. Samsara raised its full-year earnings and revenue guidance. CEO Sanjit Biswas credited the AI-driven economy for increased demand.

The company now expects adjusted EPS of $0.45 to $0.47 and revenue of $1.574 billion to $1.578 billion for the fiscal year. Despite a 15% surge in shares, Samsara is down 5% year-to-date.