Shares in Samsara Inc. dropped nearly 10% after reporting fiscal 2025 Q3 earnings and revenue beats but weak guidance for Q4 revenue.
Samsara's Q3 revenue was $322 million, up 36% YoY, with adjusted earnings per share of 7 cents, beating analysts' expectations.
Customer growth drove Samsara's strong performance, adding over 1,000 core customers in the quarter and reaching $1.35 billion in annual recurring revenue.
Samsara introduced new features like AI-powered drowsiness detection, integration with Esri's ArcGIS Velocity, and asset tracking device Asset Tag.