Inseego (NASDAQ:INSG) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Inseego reported a quarterly loss of $0.27 per share, beating analyst expectations of a $0.33 loss, while revenue of $33.26 million also topped estimates.
• Management expects North American revenue to decline to $21 million–$25 million in Q4 as carriers reduce inventory and a next-generation fixed wireless access launch slips to Q1 2027, delaying a key customer recovery into 2027.
• The company cut about $8 million in annual employee and contractor costs and is restructuring engineering to support a return to profitability, though execution and demand remain challenges.

Inseego (NASDAQ:INSG - Get Free Report) posted its earnings results on Wednesday. The technology company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06, FiscalAI reports. The business had revenue of $33.26 million for the quarter, compared to the consensus estimate 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 Stock Performance

NASDAQ INSG traded up $0.30 during mid-day trading on Wednesday, hitting $4.83. The company's stock had a trading volume of 320,841 shares, compared to its average volume of 201,676. The company's 50 day simple moving average is $4.31 and its 200 day simple moving average is $9.23. Inseego has a twelve month low of $3.58 and a twelve month high of $21.90.

Wall Street Analysts Forecast Growth

INSG has been the topic of a number of recent research reports. Zacks Research upgraded shares of Inseego from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 6th. Weiss Ratings downgraded Inseego from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, August 21st. Roth Capital restated a "buy" rating on shares of Inseego in a report on Friday, August 7th. Lake Street Capital set a $12.00 target price on Inseego in a research report on Thursday, August 6th. Finally, UBS Group set a $9.00 price target on Inseego in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.

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