Samsara Stock Surges After Q2 Earnings Beat and Raised Guidance

Shares of Samsara Inc. (IOT) surged more than 13% in pre-market trading after the industrial technology company announced fiscal second-quarter 2027 results that beat Wall Street expectations and raised its full-year guidance.

Earnings Beat and Raised Outlook

Samsara reported adjusted earnings of $0.20 per share, exceeding the analyst consensus of $0.16 per share. Revenue for the quarter came in at $508.4 million, a 30% year-over-year increase and roughly 5% above the estimated $483.3 million, according to data from Investing.com.

Following the strong performance, management lifted its full-year FY2027 revenue forecast. The company now expects revenue in the range of $2.043 billion to $2.047 billion, implying 26% growth and placing it above both its prior guidance and current market expectations.

Wall Street Analysts Upgrade Shares

The robust results prompted a series of positive actions from Wall Street analysts, adding to the stock's momentum. Key changes included:

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• Evercore ISI: Upgraded its rating to Outperform from In Line with a new $50 price target.
• Piper Sandler: Raised its rating to Overweight from Neutral, also with a $50 price target.
• BofA Securities: Maintained its Buy rating and increased its price target to $55 from $47.
• Truist Securities: Lifted its price target to $48 from $38, while maintaining a Hold rating.

Key Business Metrics Drive Optimism

Underpinning the financial beat was significant growth in large customer accounts. Samsara reported adding a record 242 customers with over $100,000 in annual recurring revenue (ARR) and a record 20 customers surpassing $1 million in ARR during the quarter.

Analysts at BofA Securities highlighted that the company's net new ARR of $134 million also exceeded expectations. This strong customer acquisition demonstrates continued market share gains in the competitive fleet management and industrial IoT sectors.