Samsara Inc. (NYSE: IOT), a prominent player in the Internet of Things (IoT) sector, providing solutions that connect physical operations to the cloud. On December 4, 2025, Wells Fargo maintained its "Overweight" rating for Samsara, with a "hold" action, while raising the price target from $50 to $52, as highlighted by TheFly. At that time, the stock was priced at $40.71.
In its Q3 2026 earnings call, Samsara reported impressive financial results. The company achieved earnings per share of $0.15, surpassing the Zacks Consensus Estimate of $0.12. This represents a significant improvement from the $0.07 per share reported in the same quarter last year. Samsara's earnings surprise of 25% continues its trend of outperforming expectations for the past four quarters.
Samsara's revenue for the third quarter reached $416 million, exceeding the Zacks Consensus Estimate by 4.14%. This marks a substantial increase from the $322 million reported a year ago. The company has consistently topped consensus revenue estimates over the last four quarters, showcasing its strong performance in the competitive IoT market.
Despite these positive financial results, Samsara's stock remained mostly flat in Thursday's extended trading. The stock is currently priced at $40.71, reflecting an increase of 4.36% or $1.70. Throughout the day, the stock fluctuated between a low of $38.88 and a high of $41.10. Over the past year, it has reached a high of $61.90 and a low of $31.40. Samsara's market capitalization stands at approximately $23 billion, with a trading volume of 10.9 million shares.
