Samsara Surges: IoT Platform Beats Forecasts, Stock Rallies
Update: 2025-09-05
Description
Samsara's stock skyrocketed 15% after crushing earnings forecasts, fueled by surging demand for its IoT platform. Revenue jumped 30% to $392 million, driven by a 31% increase in large customers spending over $100,000 annually. The company raised its full-year outlook, projecting $1.57 billion in revenue, signaling confidence in continued growth within the booming AI-powered internet of things sector. Is this a turning point for Samsara?
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