Samsara reported Thursday upbeat guidance and second-quarter results that beat analyst estimates as the cloud platform continued to win new business amid a surge in AI-related demand.
Samsara Inc (NYSE:IOT) rose more 6% in recent afthours trading.
The company reported adjusted earnings per diluted share of $0.12 on revenue of $391.5 million for the three months ended Aug. 3, beating estimates for $0.07 and $372.2M, respectively.
Customers with annual recurring revenue, or ARR, over $100,000 generated about $1B of ARR, representing 35% year-over-year growth.
For Q3, adjusted per-share income, which strips out one-time items, is seen at $0.83 to $0.84, compared with Wall Street projections of $0.10. Revenue of $398M to $400M was also above the $372.2M called for by analysts.
For Q4, the company sees adjusted EPS in a range of $0.11 to $0.12 on revenue of $398M to $400M.
For the full-year 2026, adjusted EPS in a range $0.45 to $0.47, compared with Wall Street projections of $0.41. Revenue of $1.574B to $1.578B was also above the $1.55B called for by analysts.
Source :
https://www.investing.com/news/earnings/samsara-reports-upbeat-guidance-as-q2-results-to-estimates-amid-rising-ai-demand-4225380
