SAN FRANCISCO – Samsara Inc. (NYSE: NYSE:IOT), a provider of connected operations cloud solutions, reported second-quarter earnings that exceeded analyst estimates, driving its stock up 4.8% in after-hours trading.
The company posted adjusted earnings per share of $0.05, beating the analyst consensus of $0.01 by $0.04. Revenue for the quarter came in at $300.2 million, surpassing the expected $289.53 million and representing a 37% YoY increase.
Samsara’s ending Annual Recurring Revenue (ARR) reached $1.264 billion, up 36% YoY. The company also reported 2,133 customers with ARR over $100,000, a 41% YoY growth.
CEO and co-founder Sanjit Biswas commented, “We achieved another strong quarter of durable and efficient growth at a greater scale. As we grow our business, our data asset also scales. We’re proud to have achieved an important company milestone this quarter—we now collect more than 10 trillion data points annually on the Samsara platform.”
Looking ahead, Samsara provided guidance for the third quarter of fiscal 2025. The company expects EPS between $0.03 and $0.04, compared to the analyst consensus of $0.03. Revenue is projected to be in the range of $309-311 million, slightly above the consensus estimate of $308.8 million.
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