Samsara Inc. (NYSE:IOT) posted its fiscal 2027 second-quarter results after Thursday’s closing bell, beating expectations across the board. Here’s a look at the details inside the report.
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Samsara Q2 Details
Samsara reported quarterly earnings of 20 cents per share, which beat the Street estimate of 16 cents by 25%, per Benzinga Pro data.
Quarterly revenue came in at $508.44 million, beating the analyst estimate of $483.26 million and up from $391.480 million in the same period last year.
The company also announced it has crossed $2.1 billion in annual recurring revenue and added 242 $100,000-plus ARR customers and 20 $1 million-plus ARR customers.
Samsara’s additional highlights include:
- $2.1 billion in ARR, up 30% year-over-year
- $134 million in net new ARR, up 28% year-over-year
- ARR from $100,000-plus ARR customers accelerated for the fourth consecutive quarter
- ARR from $1 million-plus ARR customers surpassed $500 million, growing more than 50% year over year for the third consecutive quarter
- Emerging products contributed more than 20% of net new ACV for the third consecutive quarter
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“Samsara delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with 30% year-over-year growth for the third consecutive quarter,” said CEO Sanjit Biswas.
“Our large customers continue to drive our momentum, and customer adoption of some of our latest AI features is up more than 4x in the last two months,” Biswas added.
IOT Stock Price: According to data from Benzinga Pro, Samsara stock was up 13.32% to $43.91 in Thursday’s extended trading.
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