Samsara Reports Strong Q1 2027 Earnings but Stock Falls 3%
Samsara achieved Q1 2027 EPS of $0.17 and revenue of $478.8 million, exceeding estimates. Despite raising full-year guidance to $2.005-$2.013 billion, shares declined approximately 3% to $34.18 in premarket trading due to market expectations not being met following a prior stock surge.
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Samsara reported adjusted EPS of $0.17 and revenue of $478.8 million for Q1 2027, surpassing analyst expectations. Annual recurring revenue hit $2 billion, a 30% increase year-over-year, with high-value customer ARR growing 62%.
Management raised full-year revenue guidance to $2.005-$2.013 billion. Despite this, shares fell about 3% to $34.18 in premarket trading. RBC Capital raised its price target to $42 while reiterating an Outperform rating.
The stock remains below its 52-week high of $47.47, indicating market caution amid elevated expectations post-earnings. The construction of AI data centers is expected to drive demand in Samsara's core market.
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