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SAN FRANCISCO - Shares of Samsara Inc. (NYSE:IOT) tumbled 12.4% in after-hours trading on Thursday, despite the company reporting better-than-expected fourth quarter results.
The connected operations platform provider posted adjusted earnings per share of $0.11 for the fourth quarter, surpassing the analyst estimate of $0.07. Revenue came in at $346.3 million, exceeding the consensus forecast of $335.35 million and representing a 25% year-over-year increase.
The company expects Q1 EPS between $0.05 and $0.06, in line with analysts’ $0.05 estimate. Q1 revenue is projected to be $350-352 million, also aligning with the $351.3 million consensus.
For fiscal year 2026, Samsara forecasts EPS of $0.32-$0.34, above the $0.28 consensus. However, its revenue guidance of $1.523-1.533 billion fell short of analysts’ $1.528 billion expectation at the midpoint.
"Fiscal year 2025 was another year of durable and efficient growth. We ended the year with close to $1.5 billion of ARR, achieving 33% year-over-year adjusted growth," said Sanjit Biswas, CEO and co-founder of Samsara.
The company reported ending annual recurring revenue (ARR) of $1.458 billion, up 32% YoY. It now has 2,506 customers with ARR over $100,000, representing 36% YoY growth.
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