Samsara Inc. (NYSE: IOT) shares climbed more than 12% intra-day on Friday after the company delivered third-quarter fiscal 2026 results that beat expectations and raised its full-year guidance.

Revenue rose 29% year over year to $416 million, topping the consensus estimate of $399.25 million. Adjusted earnings came in at $0.15 per share, above analysts' expectations of $0.12.

Annual Recurring Revenue reached $1.745 billion, also up 29% year over year in both actual and constant currency terms. Samsara reported its first quarter of GAAP profitability, with net income of $7.8 million compared with a loss of $37.8 million a year earlier.

The company added a record 219 customers with ARR above $100,000, bringing the total to 2,990. These customers now contribute more than $1 billion in ARR, growing 36% annually.

Samsara raised its fiscal 2026 guidance and now expects revenue of $1.595 billion to $1.597 billion, ahead of the consensus estimate of $1.58 billion. Adjusted EPS is projected at $0.50 to $0.51, above Wall Street expectations of $0.47.