Samsara's Esri Partnership: What It Means for IoT Investors

Samsara (IOT) just partnered with Esri to integrate real-time fleet telematics into ArcGIS Velocity—basically giving government agencies a complete view of their operations without data silos. This is solid for the logistics/public sector play.

The numbers look strong:

• IOT up 44.2% YTD (vs sector +23.7%)
• Q2 added 169 customers with 100k+ ARR each
• Video & Telematics apps each crossed $500M ARR, Equipment Monitoring hit $150M—all growing 30%+ YoY
• Real case: Lanes Group saw 72% safer driver scores in 8 months

Q3 guidance: $309-311M revenue (30-31% YoY growth), earnings at 3-4 cents.

The catch: Valuation is stretched (Value Score F), and analysts rate it Rank #3 (Hold). Might want to wait for a better entry point rather than chase here. The fundamentals are legit, but the price reflects that already.

AT&T collab + customer wins from United Natural Foods suggest the TAM is real. But at current multiples, patience might pay off better than FOMO.