Inseego (NASDAQ:INSG) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Inseego (NASDAQ:INSG) released its earnings results on Wednesday. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06), FiscalAI reports. Inseego had a negative return on equity of 13.38% and a negative net margin of 6.41%.The business had revenue of $43.98 million for the quarter, compared to analysts’ expectations of $39.90 million.

Here are the key takeaways from Inseego’s conference call:

• Q2 revenue reached $44 million, up 28% sequentially and 9% year over year, driven by strong product revenue, refreshed MiFi launches, and a large order from a newer Tier 1 carrier.
• Management lowered its 2026 revenue outlook to approximately $155 million, citing product delays, a slower recovery at its largest FWA customer, the removal of expected MSO revenue, and lower Subscribe revenue. Q3 guidance is $28 million-$35 million of revenue and negative $1 million to negative $2 million of adjusted EBITDA.
• Engineering processes were unable to support the company’s accelerated product-launch cadence, causing delays and a revenue gap that will not be recovered in 2026. Management is narrowing the product roadmap, overhauling development processes, and searching for a new engineering leader.
• Q2 non-GAAP gross margin fell to 34% because a large customer order required the use of higher-cost memory, while Subscribe revenue is expected to decline by approximately $2 million per quarter beginning in Q3; MSO revenue has been removed from the 2026 forecast.
• The Nokia FWA acquisition remains on track to close in Q4 2026 and would add an approximately $200 million annual revenue run rate, global Tier 1 relationships, broader FWA products, and additional engineering capabilities. Management is preparing international operations and integration plans ahead of the transaction.

Inseego Stock Performance

INSG traded up $0.21 on Friday, reaching $5.51. 841,083 shares of the company’s stock were exchanged, compared to its average volume of 261,779. Inseego has a twelve month low of $4.77 and a twelve month high of $21.90. The company’s 50 day moving average is $9.30 and its 200-day moving average is $11.44. The company has a market cap of $89.70 million, a price-to-earnings ratio of 42.39 and a beta of 1.70.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INSG shares. UBS Group set a $9.00 price objective on shares of Inseego in a research note on Thursday. Roth Capital reissued a “buy” rating on shares of Inseego in a research report on Friday. Weiss Ratings upgraded shares of Inseego from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. TD Cowen reaffirmed a “hold” rating and set a $18.00 price target (up from $15.00) on shares of Inseego in a research report on Wednesday, May 13th. Finally, Lake Street Capital set a $12.00 price target on shares of Inseego in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Inseego currently has an average rating of “Moderate Buy” and a consensus target price of $14.60.

Institutional Investors Weigh In On Inseego

Several institutional investors have recently bought and sold shares of the business. Invesco Ltd. purchased a new stake in Inseego during the fourth quarter worth approximately $123,000. XTX Topco Ltd purchased a new position in shares of Inseego in the 4th quarter valued at $205,000. VestGen Advisors LLC acquired a new position in shares of Inseego during the 4th quarter valued at $122,000. Toronto Dominion Bank lifted its holdings in shares of Inseego by 910.0% during the 4th quarter. Toronto Dominion Bank now owns 50,501 shares of the technology company’s stock valued at $519,000 after acquiring an additional 45,501 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Inseego during the 4th quarter worth $1,114,000. 34.20% of the stock is currently owned by hedge funds and other institutional investors.

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.