AI beyond NVIDIA: Why Samsara shares could be interesting for investors

• AI beyond NVIDIA stock: Samsara digitizes real operations
• Strong growth: Profit for the first time, growing major customer base
• Is investing in the stock already worth it?

While the AI ​​hype revolves primarily around NVIDIA chips and data centers, a second, less noticed billion-dollar market is emerging: the Digitalization real operational processes. Samsara Inc. is developing an AI-supported platform that connects and optimizes fleets, machines and locations in real time – and could thus establish itself as one of the structural winners of industrial AI applications. But do growth, market position and profitability justify an investment in the share?

Samsara: From IoT start-up to AI champion of the real economy

Founded in 2015 in San Francisco, Samsara has been listed on the NYSE under the ticker “IOT” since 2021 and primarily addresses industries with a high physical asset base such as transportation, construction, logistics and energy. According to the company, there are now “tens of thousands” of customers in North America and Europe using IoT devices, AI analytics and dashcams to increase the safety, efficiency and sustainability of their operations. Samsara earns the majority of its revenue through ongoing software subscriptions, making the business model particularly interesting for investors looking for long-term growth.

Samsara positions its AI layer “Samsara Intelligence” as the heart of the platform: The “Samsara Assistant” answers complex operational questions in natural language, while built-in “Intelligent Experiences” automatically uncover risks, inefficiencies and savings potential. According to the product page, the platform processes over 20 trillion data points, more than 80 billion miles driven and hundreds of millions of digitized workflows every year – a structural data advantage over new competitors.

Quarterly balance sheet shows strong growth – profitable for the first time

Samsara reported revenue of $416 million in the third quarter of 2025. This corresponds to growth of 29 percent compared to the previous year. Annual recurring revenue (ARR) was $1.745 billion, also up 29 percent. Adjusted non-GAAP earnings per share were $0.16 for the quarter, significantly higher than $0.08 in the same quarter last year. Operating cash flow was $63.7 million, down from $36 million in the same period last year. The adjusted free cash flow margin rose from ten to 13 percent. This suggests that the company is financing its growth increasingly efficiently.

Financially, the third quarter of 2025 marked a milestone: Samsara achieved positive GAAP net income of $7.76 million (EPS +$0.01) for the first time – its first profitable quarter ever, following losses in previous quarters due to high stock-based compensation.

Business with major customers developed particularly strongly: 219 new customers, each with more than $100,000 in ARR, were added in the third quarter. Samsara now serves a total of 2,990 such large customers – a new record for a single quarter. The company also made gains in the particularly high-revenue enterprise segment: The number of customers with over $1 million ARR increased by a net 17 to a total of 164. This shows that more and more large customers are concluding higher contract volumes.

For the fourth quarter of the 2026 fiscal year, management expects sales of between 421 and 423 million US dollars and an operating margin (non-GAAP) of around 16 percent. For full-year 2026, Samsara expects revenue growth of 28 percent and adjusted earnings per share of $0.50 to $0.51.

Samsara share: Opportunity in the AI ​​ecosystem – with growth risks

With this combination of almost 30 percent growth, growing enterprise penetration and the first profitable quarter, Samsara is increasingly becoming the focus of AI and infrastructure investors. For investors who want to be specifically involved in the AI ​​area of ​​the “real economy”, Samsara could be an exciting but clearly growth-driven alternative investment.

Analysts are extremely optimistic about Samsara shares: According to TipRanks, 13 out of 16 analysts recommend buying the share, while only three experts recommend holding it. There are currently no sales recommendations. The average price target is $41.14, approximately 42.16 percent above the most recent closing price of $28.94 (as of February 27, 2026).

Samsara shares have shown a significant short-term recovery in recent days. Over the course of five days, the price on the NYSE increased by 5.47 percent; month-on-month the increase is 15.30 percent. Despite this positive dynamic, the medium-term and long-term development remains clearly negative: since the beginning of the year, the decline has totaled 18.36 percent. In the last three months, the share has lost 25.81 percent, and over the year there has even been a significant decline of 33.61 percent (as of: closing price on March 3, 2026).

Key risks include increasing competition from AI platforms such as Motive and Geotab, as well as extended sales cycles with major customers, which could slow growth. This is complemented by a high valuation, which is above the industry average and makes it vulnerable to disappointment if growth declines. In addition, macroeconomic uncertainties, supply chain risks and potential cybersecurity gaps in IoT applications weigh on the forecast.

Ultimately, it remains to be seen whether Samsara can further expand its profitability and achieve its ambitious growth figures for 2026.

Bettina Schneider / editorial team finanzen.net

This text is for informational purposes only and does not constitute an investment recommendation. finanzen.net GmbH excludes any claims for recourse.

Selected leverage products on NVIDIA

With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on NVIDIA

The leverage must be between 2 and 20

Advertising