Samsara Inc. is set to release its fiscal second-quarter earnings after the market close on September 3, following a 57% rebound in its share price from the 52-week low.
The San Francisco-based connected operations platform provider is expected to report adjusted earnings of $0.16 per share, a 35% increase from the same period last year, alongside revenue of $483.3 million, up 23% year-over-year. In the prior quarter, Samsara reported adjusted earnings of $0.17 per share, beating the $0.13 consensus estimate, and revenue of $478.8 million, exceeding forecasts of $455.2 million by 5.2%.
Analysts remain broadly bullish, with 18 of 24 covering the stock assigning a Buy rating. The consensus price target stands at $45.66, implying a 24% upside from Wednesday's closing price of $36.79. KeyBanc raised its target to $46, citing the company's status as a "perennial 20%+ grower" and anticipating an in-line beat on annual recurring revenue, with potential for a full-year growth guidance increase to 25%.
TD Cowen likewise lifted its target to $48, pointing to "constructive" indicators in new product adoption and early traction from physical AI capabilities. Piper Sandler, however, downgraded Samsara to Neutral in August, warning that app download trends in July suggested "quite alarming" signs and questioning whether 30% growth expectations could be maintained amid tougher second-half comparisons and the stock's recent rally.
