Samsara Inc. (IOT) witnessed its stock price jump after reporting strong Q4 2026 earnings and providing an upbeat forecast for fiscal year 2027. The connected operations platform provider's performance surpassed analysts' estimates, fueled by impressive revenue growth and enhanced profitability.
For Q4 2026, Samsara reported revenue of $444.3 million, a 28% increase year-over-year, exceeding analysts' expectations of $422.29 million. The company's adjusted earnings per share (EPS) came in at $0.18, significantly higher than the consensus estimate of $0.13. Samsara's annual recurring revenue (ARR) reached $1.9 billion, marking a 30% year-over-year increase. CEO and co-founder of Samsara, Sanjit Biswas, stated that fiscal year 2026 was an "outstanding year of durable and efficient growth".
Looking ahead, Samsara provided a strong outlook for fiscal year 2027, with revenue projected to be between $1.965 billion and $1.975 billion. The company anticipates adjusted EPS to be in the range of $0.65 to $0.69, significantly above the analysts' consensus of $0.33. For Q1 2027, Samsara expects revenue between $454 million and $456 million, with adjusted EPS of $0.12 to $0.13.
Samsara's success has been attributed to several factors, including strong demand from large customers, the adoption of emerging products, and the expansion of its AI-powered platform. The company's AI Safety Coach, which delivers automated safety outcomes and real-time voice coaching, has been well-received by customers. Despite positive performance, investors should note that insider selling has occurred recently, with co-founders divesting a notable number of shares.
