Inseego (NASDAQ:INSG) Announces Quarterly Earnings Results

Inseego (NASDAQ:INSG) announced its quarterly earnings data on Wednesday. The technology company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.06, FiscalAI reports. The company had revenue of $33.26 million for 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 Price Performance

Shares of INSG stock traded down $0.05 on Friday, hitting $3.88. The stock had a trading volume of 298,996 shares, compared to its average volume of 274,890. The business has a 50 day moving average of $4.30 and a 200 day moving average of $9.19. The stock has a market cap of $63.71 million, a price-to-earnings ratio of -9.95 and a beta of 1.65. Inseego has a 12-month low of $3.58 and a 12-month high of $21.90.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INSG. Wall Street Zen upgraded Inseego from a “strong sell” rating to a “sell” rating in a report on Saturday, October 31st. Roth Capital restated a “buy” rating on shares of Inseego in a report on Friday, August 7th. Weiss Ratings lowered Inseego from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Zacks Research raised Inseego from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, UBS Group set a $9.00 target price on Inseego in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Inseego presently has a consensus rating of “Hold” and an average target price of $13.00.

Inseego Company Profile

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.