We recently published 10 Big Names With Double-Digit Upsides. Samsara Inc. (NYSE:IOT) is one of last week’s top performers.
Samsara grew its share prices by 16.46 percent week-on-week as investors cheered its impressive income performance and higher growth outlook for the full fiscal period of 2026.
In its updated report, Samsara Inc. (NYSE:IOT) narrowed its net loss by 66 percent to $16.8 million from the $49.61 million reported in the same period last year, while revenues grew 30.49 percent to $391.48 million from $300 million year-on-year.
A stock market data. Photo by AlphaTradeZone on Pexels
“Samsara had another strong quarter of durable and efficient growth, ending Q2 with $1.6 billion in ARR, a 30 percent increase year-over-year,” said Sanjit Biswas, CEO and co-founder of Samsara Inc. (NYSE:IOT).
“As the trusted partner to some of the world’s largest and most complex operations, we’re seeing firsthand how the rise of the AI-driven economy is amplifying demand for our platform. We are innovating at an unprecedented pace and are excited to deliver even greater impact for our customers who keep the global economy running,” he added.
During the period, Samsara Inc. (NYSE:IOT) added new large customers to its portfolio, including Alaska Airlines, SRM Concrete, and Bonnie Plants, among others.
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Disclosure: None. This article is originally published at Insider Monkey.
