Samsara’s shares surged 12.8% in extended trading on Thursday after the connected operations platform provider reported fiscal second-quarter 2027 results that exceeded Wall Street expectations on both revenue and earnings.
The company posted adjusted earnings per share of $0.20, topping the $0.16 consensus estimate by $0.04. Revenue reached $508.4 million, exceeding the $483.3 million forecast by approximately 5.2%. Samsara’s annual recurring revenue (ARR) climbed 30% year-over-year to $2.1 billion, while new net ARR totaled $134 million, up 28% from the prior year. The company also recorded its strongest quarter for large-customer additions, with 242 customers surpassing the $100,000 ARR threshold and 20 reaching the $1 million ARR mark.
Forward guidance for fiscal Q3 2027 indicated revenue between $514 million and $516 million, above the $509.7 million analyst consensus. Adjusted EPS was projected between $0.18 and $0.19, matching the $0.19 estimate. Samsara’s stock, which closed the regular session near its opening level alongside flat broader market indices, climbed to $43.70 in after-hours trading, bringing it closer to its 52-week high of $47.47.
Analysts at KeyBanc, TD Cowen, and RBC Capital revised their price targets upward in the weeks preceding the report. KeyBanc raised its target from $41 to $46, TD Cowen lifted its target to $48 citing new product adoption and physical AI capabilities, and RBC Capital increased its target from $42 to $50 with an Outperform rating.
