Samsara Stock Jumps On Q2 Earnings: Revenue Beat, EPS Beat, ARR Up 36%, Raised Guidance And More

Samsara Inc (NYSE:IOT) shares are trading higher in Thursday’s after-hours session after the company reported better-than-expected financial results for the second quarter.

Q2 Revenue: $300.2 million, versus estimates of $289.54 million

Q2 EPS: 5 cents, versus estimates of 1 cent

Total revenue was up 37% year-over-year. Annual recurring revenue (ARR) was $1.264 billion at quarter’s end, up 37% year-over-year. Samsara said it ended the quarter with 2,133 customers with ARR over $100,000.

“We achieved another strong quarter of durable and efficient growth at a greater scale. Q2 ended at $1.264 ...