Samsara (NYSE:IOT) Issues FY 2026 Earnings Guidance

Samsara (NYSE:IOT - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.390-0.410 for the period, compared to the consensus EPS estimate of 0.330. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion. Samsara also updated its Q2 2026 guidance to 0.060-0.070 EPS.

Samsara Trading Down 4.3%

Shares of Samsara stock traded down $2.04 on Friday, reaching $45.21. 14,848,818 shares of the company were exchanged, compared to its average volume of 3,781,795. Samsara has a one year low of $27.14 and a one year high of $61.90. The company has a 50-day moving average of $41.58 and a 200 day moving average of $45.42. The company 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 - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 19.44% and a negative net margin of 21.80%. The firm had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The business's revenue for the quarter was up 30.7% on a year-over-year basis. Analysts predict that Samsara will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley cut their price target on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. BMO Capital Markets lifted their target price on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday. Royal Bank of Canada decreased their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Finally, Truist Financial cut their target price on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $50.00.

Insider Activity

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the sale, the insider now directly owns 320,936 shares of the company's stock, valued at $10,934,289.52. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,595,655 shares of company stock valued at $64,985,532 in the last three months. Corporate insiders own 60.04% of the company's stock.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC acquired a new position in Samsara in the fourth quarter valued at about $13,464,000. Royal Bank of Canada raised 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 buying an additional 48,135 shares during the period. Jones Financial Companies Lllp grew its position in shares of 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 during the last quarter. Finally, Empowered Funds LLC grew its position in Samsara by 3.4% during the first quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock worth $390,000 after buying an additional 335 shares in the last quarter. Institutional investors 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.