Samsara (NYSE:IOT) Releases Q2 2026 Earnings Guidance

Samsara (NYSE:IOT) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.060-0.070 for the period, compared to the consensus estimate of 0.060. The company issued revenue guidance of $371.0 million-$373.0 million, compared to the consensus revenue estimate of $369.2 million. Samsara also updated its FY 2026 guidance to 0.390-0.410 EPS.

Samsara Trading Down 4.3%

NYSE:IOT opened at $45.21 on Friday. Samsara has a 1-year low of $27.14 and a 1-year high of $61.90. The business’s 50-day moving average price is $41.58 and its two-hundred day moving average price is $45.42. The firm has a market capitalization of $25.74 billion, a price-to-earnings ratio of -96.19 and a beta of 1.74.

Samsara (NYSE:IOT) last released its earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $366.88 million for the quarter, compared to analyst estimates of $351.44 million. Samsara had a negative return on equity of 19.44% and a negative net margin of 21.80%. The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Sell-side analysts predict that Samsara will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on IOT. Piper Sandler reaffirmed an “overweight” rating and set a $53.00 price target (up previously from $44.00) on shares of Samsara in a research report on Wednesday, May 14th. BMO Capital Markets raised their price target on Samsara from $48.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, June 2nd. Royal Bank of Canada dropped their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Cowen reaffirmed a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Finally, Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 94,020 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $42.68, for a total value of $4,012,773.60. Following the completion of the transaction, the insider now directly owns 114,000 shares in the company, valued at $4,865,520. This trade represents a 45.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,595,655 shares of company stock worth $64,985,532. 60.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IOT. Empowered Funds LLC grew its stake in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after purchasing an additional 335 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Samsara by 2,444.6% in the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after purchasing an additional 17,088 shares in the last quarter. Royal Bank of Canada grew its stake in Samsara by 100.3% in the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after purchasing an additional 48,135 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in Samsara in the fourth quarter valued at approximately $13,464,000. 96.02% of the stock is currently owned by institutional investors.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.