Inseego Q2 revenue beats analyst expectations

Inseego

05/08/2026 21:40

Overview
U.S. wireless edge solutions firm's Q2 revenue grew, beating analyst expectations
Q2 adjusted EBITDA missed analyst expectations
Company launched refreshed Mobile product family across all three major U.S. carriers

Outlook
Inseego sees Q3 2026 revenue between $28 mln and $35 mln
Company expects Q3 2026 adjusted EBITDA of negative $2 mln to negative $1 mln
Inseego forecasts full-year 2026 revenue of approximately $155 mln

Result Drivers
CUSTOMER AND PRODUCT DIVERSIFICATION - Co said revenue growth reflected benefits from diversifying both its customer base and product portfolio
MOBILE PRODUCT LAUNCHES - Co launched refreshed Mobile product family across all three North American Tier-1 carrier customers
EXPANDED CHANNEL REACH - Broadened MiFi PRO M4 availability with a new unlocked, multi-carrier model through select VARs, supporting flexible enterprise and public sector deployments

Company press release: ID:nGNX9hq5qG

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$43.98 mln
$39.91 mln (4 Analysts)
Q2 Net Loss
Miss
$8.44 mln
$2.07 mln (2 Analysts)
Q2 Adjusted EBITDA
Miss
$0.5 mln
$1.15 mln (3 Analysts)
Q2 Operating Income
Miss
-$7.24 mln
-$811,330 (3 Analysts)
Q2 Pretax Loss
Miss
$8.40 mln
$1.99 mln (4 Analysts)
Q2 Gross Profit
 
$14.85 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Inseego Corp. is $21.00, about 171% above its August 4 closing price of $7.75
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 39 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)