Samsara (NYSE:IOT) Issues Q2 2026 Earnings Guidance

Samsara (NYSE:IOT - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.060-0.070 for the period, compared to the consensus EPS 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 Price Performance

Shares of NYSE:IOT traded down $2.04 during trading on Friday, hitting $45.21. 14,848,818 shares of the company were exchanged, compared to its average volume of 3,781,795. The company has a market cap of $25.74 billion, a PE ratio of -96.19 and a beta of 1.74. Samsara has a 52-week low of $27.14 and a 52-week high of $61.90. The stock has a 50 day moving average of $41.58 and a 200 day moving average of $45.42.

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

Analysts Set New Price Targets

Several analysts have commented on IOT shares. Cowen reiterated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Craig Hallum restated a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Morgan Stanley reduced their target price on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and set a $53.00 price target (up previously from $44.00) on shares of Samsara in a report on Wednesday, May 14th. Finally, BMO Capital Markets upped their price objective on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.00.

Insider Buying and Selling

In other Samsara news, insider John Bicket sold 33,713 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $46.46, for a total value of $1,566,305.98. Following the transaction, the insider now owns 30,745 shares of the company's stock, valued at approximately $1,428,412.70. This represents a 52.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the sale, the director now directly owns 373,579 shares in the company, valued at approximately $14,464,978.88. This represents a 5.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,595,655 shares of company stock worth $64,985,532. 60.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Samsara

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC bought a new stake in shares of Samsara during the 4th quarter valued at about $13,464,000. Royal Bank of Canada boosted its stake in Samsara by 100.3% during the first quarter. Royal Bank of Canada now owns 96,142 shares of the company's stock valued at $3,686,000 after buying an additional 48,135 shares during the period. Jones Financial Companies Lllp lifted its stake in Samsara by 2,444.6% during the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company's stock worth $682,000 after purchasing an additional 17,088 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock valued at $390,000 after acquiring an additional 335 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

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.