Inseego (NASDAQ:INSG) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Inseego (NASDAQ:INSG) announced its earnings results on Wednesday. The technology company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06, FiscalAI reports. The business had revenue of $33.26 million during the quarter, compared to analyst estimates of $31.21 million.

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

• Q3 revenue was $33.3 million and Adjusted EBITDA was a loss of $1 million, both within guidance. Mobile revenue rose 10% sequentially, but FWA weakness—including a $1.8 million inventory reserve—offset gains.
• Inseego expects Q4 North America revenue to fall to $21 million–$25 million as carriers work down mobile inventory and the next-generation FWA launch slips from Q4 to Q1 2027. The delayed launch pushes the anticipated recovery with its largest FWA customer into 2027.
• Management cut about $8 million in annual employee and contractor costs and is restructuring engineering under a new CTO to improve product quality and delivery. The company says these actions support a return to profitability, though execution remains a key challenge.
• The Nokia FastMile acquisition expands Inseego’s global FWA portfolio and customer base, and its largest Indian customer renewed through 2028 with a minimum purchase commitment. However, that customer is reducing orders amid higher memory costs, FastMile has a lower 10%–13% gross-margin profile, and management is targeting break-even without Nokia’s first-year support payments.
• Inseego won a premium-tier mobile hotspot award for the first-responder market, adding a carrier slot and taking share from a competitor. Revenue contribution is expected around mid-2027.

Inseego Trading Up 6.6%

Shares of INSG traded up $0.30 during mid-day trading on Wednesday, hitting $4.83. 320,841 shares of the company traded hands, compared to its average volume of 201,676. The stock has a market capitalization of $79.31 million, a price-to-earnings ratio of 37.16 and a beta of 1.65. The business has a 50-day moving average of $4.31 and a 200 day moving average of $9.23. Inseego has a one year low of $3.58 and a one year high of $21.90.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INSG. Zacks Research raised Inseego from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Lake Street Capital set a $12.00 target price on Inseego in a report on Thursday, August 6th. Roth Capital restated a “buy” rating on shares of Inseego in a research note on Friday, August 7th. Wall Street Zen raised Inseego from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, UBS Group set a $9.00 price target on shares of Inseego in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Inseego presently has an average rating of “Hold” and a consensus price target of $13.00.

About Inseego

Inseego Corp. develops wireless broadband and mobile networking solutions for service providers, enterprises, small businesses, government organizations and consumers. The company focuses on connecting devices, locations and users through cellular networks, with an emphasis on 5G and other high-speed wireless technologies.

Its product portfolio includes mobile hotspots, fixed wireless access equipment, indoor and outdoor customer-premises equipment, routers and gateways. Inseego also provides cloud-based device management and networking software designed to help customers provision, monitor and manage connected equipment.