Inseego (NASDAQ:INSG) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Inseego (NASDAQ:INSG) announced its quarterly earnings data on Thursday. The technology company reported ($0.06) earnings per share for the quarter, beating 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 analyst estimates 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

Shares of NASDAQ:INSG traded down $2.72 during midday trading on Friday, hitting $16.08. 727,866 shares of the company’s stock were exchanged, compared to its average volume of 221,614. The stock has a 50 day moving average price of $13.19 and a 200-day moving average price of $12.20. The company has a market cap of $261.14 million, a PE ratio of 25.94 and a beta of 1.76. Inseego has a 12 month low of $6.27 and a 12 month high of $21.90.

Wall Street Analysts Forecast Growth

INSG has been the topic of several research reports. TD Cowen reiterated a “hold” rating and set a $15.00 price objective (up from $14.00) on shares of Inseego in a report on Thursday, January 15th. Lake Street Capital reiterated a “buy” rating and set a $22.00 price objective on shares of Inseego in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.75.

Institutional Investors Weigh In On Inseego

Several hedge funds and other institutional investors have recently made changes to their positions in INSG. Kestra Advisory Services LLC bought a new stake in shares of Inseego during the fourth quarter worth about $33,000. BNP Paribas Financial Markets increased its position in shares of Inseego by 129.3% during the third quarter. BNP Paribas Financial Markets now owns 2,708 shares of the technology company’s stock worth $41,000 after acquiring an additional 1,527 shares in the last quarter. Bank of America Corp DE increased its position in shares of Inseego by 134.3% during the second quarter. Bank of America Corp DE now owns 5,870 shares of the technology company’s stock worth $48,000 after acquiring an additional 3,365 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Inseego by 3,087.9% during the second quarter. JPMorgan Chase & Co. now owns 6,057 shares of the technology company’s stock worth $50,000 after acquiring an additional 5,867 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Inseego during the second quarter worth about $56,000. 34.20% of the stock is owned by institutional investors.

Key Headlines Impacting Inseego

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

Inseego Company Profile

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.