Samsara Q3 Revenue Climbs 29.2% to $416 Million, 219 New Customers
Samsara posted $416 million in Q3 revenue, up 29.2% year over year, beat EBITDA estimates and added 219 enterprise customers paying over $100,000 to reach 2,990. Analysts foresee Q4 revenue growth of 22% versus last year’s 25.3% and maintain an average price target of $44.27.
1. Q3 Financial Results
Samsara reported Q3 revenue of $416 million, a 29.2% increase year over year, surpassing analysts’ revenue and EBITDA estimates. The company also added 219 enterprise customers each paying more than $100,000 annually, bringing total customers to 2,990.
2. Q4 Outlook and Analyst Estimates
Analysts forecast Q4 revenue growth of 22% compared to 25.3% in the prior year’s quarter, reflecting a modest deceleration. Over the past 30 days, analysts have largely reconfirmed their estimates and hold an average price target of $44.27 against the current share price of $29.10.
3. Peer Performance Context
In the data analytics segment, Palantir Technologies delivered 70% year-over-year revenue growth and saw shares rise 6.8% post-results, while Strategy reported 1.9% growth with a 26.1% stock gain. Segment peers have delivered mixed results, offering insight into market expectations.
4. Stock Performance
Samsara’s share price has climbed 18.1% over the last month, outpacing a flat trend across its data services peers. This performance positions the stock near its average analyst target ahead of the upcoming earnings release.