Auto Draft

Samsara Inc. (NYSE:IOT) is one of the 10 Stocks to Watch Right Now.

Samsara soared by 19.54 percent on Friday to finish at $35.36 apiece, as investor sentiment was bolstered by a stellar earnings performance, having nearly wiped out its losses in the last fiscal year.

In an updated report, Samsara Inc. (NYSE:IOT) said that it narrowed its net losses by 94 percent to $9 million in the fiscal year ending January 31, from a $155 million net loss a year earlier.

Photo from Samsara website

Revenues also jumped by 28 percent to $1.6 billion from $1.25 billion year-on-year.

In the fourth quarter alone, Samsara Inc. (NYSE:IOT) swung to a net income of $22 million, reversing a net loss of $11.2 million in the same quarter a year earlier. Revenues increased by 28 percent to $444.3 million from $346 million year-on-year.

“Fiscal year 2026 was an outstanding year of durable and efficient growth,” Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas said, adding that the performance was driven by the scale of its data asset, which now captures more than 25 trillion data points annually to fuel its AI-powered platform.

For the first quarter of fiscal year 2027, the company is targeting to generate revenues of $454 million to $456 million, or an implied growth of 24 percent year-on-year.

For the full fiscal 2027 alone, revenues are expected to grow between 21 and 22 percent to a range of $1.965 billion to $1.975 billion year-on-year.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.