Samsara, Inc. (IOT) experienced a significant 24-hour surge of 11.22% during extended trading on Thursday, following the release of its fourth-quarter financial results.

The connected operations platform reported quarterly adjusted earnings of $0.18 per share, surpassing analyst estimates of $0.13. Revenue for the quarter reached $444.3 million, beating expectations of $422.3 million and marking a 28% increase year-over-year. The company also swung to a GAAP net income, achieving profitability for the second consecutive quarter.

Investor sentiment was further bolstered by Samsara's strong forward-looking guidance. For the first quarter of fiscal 2027, the company projects revenue between $454 million and $456 million, above consensus estimates. For the full fiscal year 2027, Samsara anticipates revenue in the range of $1.965 billion to $1.975 billion and adjusted earnings per share of $0.65 to $0.69, both exceeding analyst forecasts. The results were driven by robust growth in annual recurring revenue and the expansion of its AI-powered platform.