Analyst Consensus ?
ConsensusBuy20 ratings
Bullish1575.0%
Neutral525.0%
Bearish00.0%
Samsara Inc. · IOT · FY2026 Q2 · Calendar Q3 2025
Samsara sustains growth as AI products gain early traction
The current analysis supports a constructive, but conditional, view of Samsara’s growth trajectory: enterprise expansion, AI-enabled products, international demand, and operating leverage are strengthening the platform. The thesis depends on sustained adoption and sales execution despite macro, tariff, and pricing pressures.
Reported After market closeNYSETechnology
$23.98B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.12
Consensus $0.07
EPS surprise
+65.9%
Reported versus consensus
Reported revenue
$391.5M
Consensus $372.2M
Revenue surprise
+5.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+17.4%
Event window
SPY move
-0.3%
Same window
Abnormal move
+17.7%
Stock minus SPY
Volume
4.5×
Versus trailing sessions
Subsequent drift
-7.1%
Up to 20 sessions
IOTSPY benchmark
Ask FN2 about IOT FY2026 Q2
Transcript, numbers and history already loaded
Why did IOT rise 17.4% after beating EPS estimates in FY2026 Q2?What changed in IOT's guidance and outlook in FY2026 Q2?Give me the bull and bear case for IOT after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis emphasizes ARR growth to $1.64 billion, broader AI product adoption, stronger operating margins, a larger proprietary data asset, and a more developed OEM and partner ecosystem. Risks have shifted toward tariffs, pricing pressure, and proving AI product ROI.
Guidance delta
Management maintained its outlook; the current analysis describes continued 24–25% year-over-year Q3 revenue growth and 26% full-year FY26 growth, with stable margins.
Key takeaways
- ARR growth remained strong, while large customers represented a larger share of the base.
- New AI-enabled products contributed meaningfully to net new ACV and showed early adoption.
- Operating efficiency improved alongside continued U.S. and European expansion.
- The central test is whether enterprise demand, AI adoption, and sales productivity can offset macro and pricing risks.
Management priorities
- Integrate AI more deeply across the platform and launch additional AI-enabled features.
- Scale pre-delivery installation with more OEM partners and deepen the partner ecosystem.
- Invest in R&D, international growth, and sales capacity while maintaining hiring discipline.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$41.55Current
$27Low
$48.86Average
$63High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Sep 4, 2026 |
| Truist Securities | Hold | Hold | Maintain | Sep 4, 2026 |
| TD Cowen | Buy | Buy | Maintain | Sep 4, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 4, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Sep 4, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 4, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Sep 4, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Sep 4, 2026 |
| Guggenheim | Buy | Buy | Maintain | Sep 4, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 4, 2026 |
| BNP Paribas | Outperform | Outperform | Maintain | Sep 4, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Sep 4, 2026 |
| B of A Securities | Buy | Buy | Maintain | Sep 4, 2026 |
| Craig-Hallum | Buy | Hold | Upgrade | Sep 5, 2025 |
| Loop Capital | Buy | Buy | Maintain | Dec 5, 2024 |
| Evercore ISI Group | In Line | In Line | Maintain | Sep 6, 2024 |
| Wolfe Research | Outperform | Outperform | Maintain | Jun 28, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Mar 11, 2024 |
| MoffettNathanson | Outperform | Outperform | Maintain | Jun 23, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jan 10, 2022 |
Named analyst price targets
Upside is calculated against the persisted current price $41.55. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Samad Samana | $50 | $41.12 | +20.3% | Oct 4, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $45 | $42.91 | +8.3% | Sep 14, 2026 |
| Craig-Hallum | Anthony Stoss | $54 | $41.48 | +30.0% | Sep 4, 2026 |
| RBC Capital | Analyst unavailable | $55 | $40.48 | +32.4% | Sep 4, 2026 |
| BMO Capital | Daniel Jester | $54 | $38.75 | +30.0% | Sep 4, 2026 |
| BTIG | Analyst unavailable | $54 | $38.75 | +30.0% | Sep 4, 2026 |
| Piper Sandler | Analyst unavailable | $46 | $38.75 | +10.7% | Sep 4, 2026 |
| Morgan Stanley | Analyst unavailable | $49 | $38.75 | +17.9% | Sep 4, 2026 |
| Guggenheim | Tamjid Chowdhury | $51 | $38.75 | +22.7% | Sep 4, 2026 |
| Evercore ISI | Kirk Materne | $55 | $38.75 | +32.4% | Sep 4, 2026 |
| Wells Fargo | Michael Turrin | $58 | $38.75 | +39.6% | Sep 4, 2026 |
| Truist Financial | Junaid Siddiqui | $48 | $38.75 | +15.5% | Sep 4, 2026 |
| KeyBanc | Jason Celino | $46 | $39.94 | +10.7% | Aug 24, 2026 |
| Truist Financial | Analyst unavailable | $38 | $39.58 | -8.5% | Aug 19, 2026 |
| RBC Capital | Analyst unavailable | $50 | $41.14 | +20.3% | Aug 14, 2026 |
| Guggenheim | Analyst unavailable | $45 | $33.33 | +8.3% | Jul 22, 2026 |
| Morgan Stanley | Analyst unavailable | $43 | $37.72 | +3.5% | Jul 21, 2026 |
| RBC Capital | Matthew Hedberg | $42 | $35.21 | +1.1% | Jun 5, 2026 |
| UBS | Anthony Stoss | $48 | $34.54 | +15.5% | Mar 6, 2026 |
| Goldman Sachs | Analyst unavailable | $45 | $28.95 | +8.3% | Mar 2, 2026 |
| Truist Financial | Analyst unavailable | $30 | $25.85 | -27.8% | Feb 17, 2026 |
| RBC Capital | Analyst unavailable | $35 | $27.9 | -15.8% | Feb 11, 2026 |
| Goldman Sachs | Matthew Martino | $36 | $27.9 | -13.4% | Feb 11, 2026 |
| Piper Sandler | Analyst unavailable | $37 | $24.25 | -11.0% | Feb 6, 2026 |
| BNP Paribas | Analyst unavailable | $40 | $33.85 | -3.7% | Jan 15, 2026 |
| RBC Capital | Analyst unavailable | $46 | $33.92 | +10.7% | Jan 5, 2026 |
| BTIG | Analyst unavailable | $55 | $38.98 | +32.4% | Dec 16, 2025 |
| Jefferies | Analyst unavailable | $57 | $44.22 | +37.2% | Dec 10, 2025 |
| KeyBanc | Analyst unavailable | $55 | $43.76 | +32.4% | Dec 9, 2025 |
| BMO Capital | Daniel Jester | $50 | $40.71 | +20.3% | Dec 5, 2025 |
| Piper Sandler | James Fish | $49 | $40.71 | +17.9% | Dec 5, 2025 |
| Wells Fargo | Analyst unavailable | $52 | $40.71 | +25.2% | Dec 5, 2025 |
| Piper Sandler | James Fish | $48 | $38.05 | +15.5% | Nov 14, 2025 |
| Evercore ISI | Kirk Materne | $50 | $37.25 | +20.3% | Oct 1, 2025 |
| BMO Capital | Daniel Jester | $47 | $42.09 | +13.1% | Sep 5, 2025 |
| Craig-Hallum | Analyst unavailable | $48 | $42.09 | +15.5% | Sep 5, 2025 |
| Evercore ISI | Kirk Materne | $45 | $38.65 | +8.3% | Jun 25, 2025 |
| Piper Sandler | James Fish | $53 | $38.65 | +27.6% | Jun 25, 2025 |
| Morgan Stanley | Keith Weiss | $50 | $38.85 | +20.3% | Apr 16, 2025 |
| BMO Capital | Daniel Jester | $48 | $35.36 | +15.5% | Mar 10, 2025 |
| Piper Sandler | Analyst unavailable | $50 | $35.36 | +20.3% | Mar 9, 2025 |
| Truist Financial | Analyst unavailable | $42 | $35.36 | +1.1% | Mar 7, 2025 |
| RBC Capital | Analyst unavailable | $54 | $35.36 | +30.0% | Mar 7, 2025 |
| Wells Fargo | Analyst unavailable | $51 | $35.36 | +22.7% | Mar 7, 2025 |
| Berenberg Bank | Nay Soe Naing | $57 | $51.41 | +37.2% | Feb 3, 2025 |
| Loop Capital Markets | Mark Schappel | $63 | $55.44 | +51.6% | Dec 5, 2024 |
| Truist Financial | Junaid Siddiqui | $50 | $49.61 | +20.3% | Nov 18, 2024 |
| RBC Capital | Matthew Hedberg | $49 | $44.34 | +17.9% | Sep 6, 2024 |
| BMO Capital | Daniel Jester | $44 | $38.75 | +5.9% | Sep 6, 2024 |
| Piper Sandler | James Fish | $40 | $38.75 | -3.7% | Sep 6, 2024 |
| Piper Sandler | James Fish | $36 | $33.7 | -13.4% | Jun 28, 2024 |
| BMO Capital | Daniel Jester | $40 | $34.86 | -3.7% | Jun 7, 2024 |
| RBC Capital | Matthew Hedberg | $47 | $34.86 | +13.1% | Jun 7, 2024 |
| Truist Financial | Junaid Siddiqui | $35 | $34.86 | -15.8% | Jun 7, 2024 |
| Evercore ISI | Kirk Materne | $40 | $34.86 | -3.7% | Jun 7, 2024 |
| Piper Sandler | James Fish | $41 | $40.15 | -1.3% | May 23, 2024 |
| Loop Capital Markets | Mark Schappel | $42 | $30.97 | +1.1% | Apr 17, 2024 |
| RBC Capital | Analyst unavailable | $15 | $12.3 | -63.9% | Dec 2, 2022 |
| RBC Capital | Analyst unavailable | $14 | $9.95 | -66.3% | Nov 28, 2022 |
| Morgan Stanley | Analyst unavailable | $17 | $9.38 | -59.1% | Nov 22, 2022 |
| Goldman Sachs | Kash Rangan | $27 | $9.98 | -35.0% | Jun 16, 2022 |
| RBC Capital | Matthew Hedberg | $18 | $11.55 | -56.7% | Jun 6, 2022 |
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Start freeCompany context
Snapshot as of publicationSamsara Inc. specializes in providing solutions that digitize and connect physical operations data to its centralized Connected Operations Cloud, accessible to clients across the United States and internationally. At the core of this cloud-based platform is a robust Data Platform. This platform systematically collects, aggregates, and enriches information streamed from Samsara's proprietary IoT devices, featuring integrated capabilities including artificial intelligence, workflow automation, advanced analytics, instant alerts, API connectivity, and comprehensive data security and privacy…
Historical context
All IOT earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-11T03:40:41.472704+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T03:40:41.469887+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.