Samsara IOT shares have increased 40.8% in the year-to-date period compared with the Zacks Computer & Technology sector’s rise of 19.9% and the Zacks Internet - Software sector’s rise of 14.2%.The uptick can be attributed to Samsara’s expanding clientele and strong partner base.

Samsara’s momentum in customer acquisition during the second quarter of fiscal 2025 is evident as it added 169 customers with more than $100,000 in Annual Recurring Revenues (ARR), reflecting sustained growth. 

The expansion included an impressive record of 14 customers with more than $1 million in ARR, underscoring the increasing adoption of its platform by large enterprises.

IOT concluded the fiscal second quarter with an ARR of $1.26 billion, up 36% year over year.

Samsara Inc. Price and Consensus

Samsara Inc. price-consensus-chart | Samsara Inc. Quote

However, the question investors should ask is whether this bull run will continue for Samsara’s shares or not.

Will IOT Benefit From a Strong Portfolio?

IOT is experiencing strong growth as a result of the ongoing digitization wave, leveraging its advanced AI solutions to benefit various industries. This includes construction, food and beverage, transportation, warehousing and agriculture.

In August, Samsara’s advanced AI solutions enhanced Lanes Group’s fleet safety, leading to a 72% increase in driver safety scores, a 92% reduction in mobile phone usage and a ￡3,000 decline in average claim value within just eight months.

Samsara also expanded its clientele by partnering with AT&T T to enhance its offerings for public safety customers.

In June, Samsara introduced new products and solutions at its Beyond conference, including a FirstNet Trusted Vehicle Gateway for enhanced public safety communications through AT&T’s network.

Samsara's strong growth and adoption of its video-based safety, vehicle telematics, and equipment monitoring products have also been noteworthy.

In the second quarter fiscal 2025, Samsara’s Video-Based Safety and Vehicle Telematics apps each surpassed $500 million in ARR, with Equipment Monitoring and other products exceeding $150 million, all growing more than 30% year over year.

The company empowered United Natural Foods UNFI to drive sustainability and safety advancements across its extensive operations, like fleet management, on the back of its solutions.

In April, Samsara announced that United Natural Foods chose Samsara to drive sustainability and safety progress by adopting its Vehicle Telematics, Asset Gateways, Environmental Monitors and Video-Based Safety solutions.