Shares of Samsara Inc. jumped more than 11% in late trading today after the internet of things cloud platform provider impressed with earnings and revenue beats in its fiscal 2026 fourth quarter and provided guidance ahead of expectations.

For the quarter that ended on Jan. 31, Samsara reported adjusted earnings per share of 18 cents, up from 11 cents per share in the same quarter of the previous fiscal year, on revenue of $444.3 million, up 28% year-over-year. Both figures came in ahead of the 13 cents per share and revenue of $422.29 million expected by analysts.

Customer growth was key to the strong figures. Samsara’s annual recurring revenue hit $1.9 billion, up 31% year-over-year, and $432 million of that figure was net new annual recurring revenue, up 21%. Annual recurring revenue from customers spending $100,000 or more per year grew 37%, to $1.2 billion, up 37%.

Net cash provided by operating activities in the quarter came in at $69.7 million, up from $53.9 million in the same quarter of the previous fiscal year. Samsara ended the quarter with $319 million in cash and cash equivalents on hand.

Business highlights in the quarter included the launch of Commercial Navigation, a navigation system designed specifically for commercial fleet operations. The system, integrated directly into the Samsara Driver App, provides turn-by-turn navigation that accounts for vehicle-specific restrictions such as height, weight and hazardous materials routes and helps drivers avoid hazards such as low bridges, restricted roads and other conditions.

Samsara also rolled out a series of platform upgrades focused on automation, maintenance intelligence and driver safety. The updates included artificial intelligence-powered vehicle diagnostics that translate complex fault codes into plain-language explanations for technicians, expanded maintenance insights designed to improve fleet uptime and workflow automation tools that help operations teams manage maintenance and safety processes with less manual oversight.

For its full fiscal year 2026, Samsara reported adjusted earnings per diluted share of 56 cents, up from 26 cents the year prior, on revenue of $1.619 billion, up 30% year-over-year.

“Fiscal year 2026 was an outstanding year of durable and efficient growth,” co-founder and Chief Executive Sanjit Biswas said in the company’s earnings release.

For its fiscal 2027 first quarter, Samsara expects adjusted earnings per share of 12 to 13 cents on revenue of $454 million to $456 million. Analysts had been expecting 12 cents per share and revenue of $444.1 million.

For the full year, the company expects adjusted earnings of 65 to 69 cents and revenue of $1.965 billion to $1.975 billion, both also ahead of the 58 cents per share and revenue of $1.92 billion expected by analysts.

Image: Samsara