Inseego (NASDAQ:INSG – Get Free Report) issued its quarterly earnings results on Thursday. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.09, FiscalAI reports. Inseego had a negative net margin of 1.26% and a negative return on equity of 13.38%. The firm had revenue of $34.34 million for the quarter, compared to analysts’ expectations of $34.53 million.
Here are the key takeaways from Inseego’s conference call:
- Inseego announced the planned acquisition of Nokia’s FWA business (about a $200 million revenue run rate), structured for $20 million consideration (stock + warrants), which management says will more than double Inseego’s revenue and instantly give the company global scale and a strategic partnership with Nokia; close expected in Q4 2026.
- Q1 2026 results were in line with guidance — revenue up 8% y/y to $34.3 million, adjusted EBITDA of $1.8 million, and healthy non‑GAAP gross margin of 48.9% driven by software mix.
- Q2 guidance calls for revenue of $36.5M–$43.5M and adjusted EBITDA of $0.25M–$2M, and management reiterates a path to $190M organic revenue for full‑year 2026 with profitability expected to improve in the back half as investments and product ramps complete.
- Near‑term execution risks include disruption from a large FWA customer that changed its go‑to‑market (requiring realignment) and a delay in one of three new mobile hotspot models now expected in late June, both of which weigh on Q2 visibility and performance.
Inseego Price Performance
NASDAQ INSG traded down $2.72 on Friday, hitting $16.08. 727,866 shares of the company were exchanged, compared to its average volume of 221,614. The company’s 50 day moving average price is $13.19 and its 200-day moving average price is $12.20. The firm has a market capitalization of $261.16 million, a P/E ratio of 25.94 and a beta of 1.76. Inseego has a twelve month low of $6.27 and a twelve month high of $21.90.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Inseego
Hedge Funds Weigh In On Inseego
Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of Inseego in the 4th quarter valued at about $33,000. BNP Paribas Financial Markets increased its holdings in shares of Inseego by 129.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,708 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,527 shares during the period. Bank of America Corp DE increased its holdings in shares of Inseego by 134.3% in the 2nd quarter. Bank of America Corp DE now owns 5,870 shares of the technology company’s stock valued at $48,000 after purchasing an additional 3,365 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Inseego by 3,087.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,057 shares of the technology company’s stock valued at $50,000 after purchasing an additional 5,867 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Inseego in the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 34.20% of the company’s stock.
Inseego News Roundup
Here are the key news stories impacting Inseego this week:
- Positive Sentiment: Q1 adjusted loss per share was smaller than the Zacks consensus estimate, showing better-than-expected bottom-line performance. Inseego (INSG) Reports Q1 Loss, Lags Revenue Estimates
- Positive Sentiment: Inseego said Q1 results were within guidance and announced a deal to acquire Nokia’s Fixed Wireless Access business, a move that could expand its product and customer base if completed later this year. Inseego Reports First Quarter 2026 Financial Results
- Positive Sentiment: The company also named Koroush Saraf as Chief Product Officer, which may support future product innovation and execution. Inseego Names Koroush Saraf Chief Product Officer to Drive Innovation and Next Phase of Product Strategy
- Neutral Sentiment: Q1 revenue of about $34.3 million was close to expectations, but not enough to offset investor concern about growth momentum. Inseego Reports First Quarter 2026 Financial Results
- Neutral Sentiment: The company’s new FY2026 revenue outlook of roughly $190 million was in line with consensus, while Q2 revenue guidance of $36.5 million to $43.5 million trailed Wall Street’s forecast, adding some uncertainty near term. Inseego Reports First Quarter 2026 Financial Results
- Negative Sentiment: Despite a smaller loss than some estimates, the broader earnings release showed a GAAP net loss and softer-than-expected revenue, which likely pressured the stock. MarketBeat Inseego Stock Page
About Inseego
Inseego Corp is a U.S.-based technology company specializing in 5G and intelligent Internet of Things (IoT) device-to-cloud solutions. The company develops hardware and software platforms designed to connect devices, vehicles and remote locations to high-speed wireless networks. Its core offerings include mobile hotspots, fixed wireless access gateways and ruggedized routers optimized for enterprise, industrial and government applications.
Inseego’s product portfolio encompasses 5G MiFi® mobile hotspots, virtual network functions (VNFs) for network management, telematics devices for fleet tracking and asset monitoring, as well as a suite of cloud-native software for device lifecycle management and data analytics.
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