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

Inseego (NASDAQ:INSG) announced its earnings results on Wednesday. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06, FiscalAI reports. The firm 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 Price Performance

INSG stock traded down $0.05 during mid-day trading on Friday, reaching $3.88. The company had a trading volume of 298,996 shares, compared to its average volume of 274,890. The company has a market capitalization of $63.71 million, a price-to-earnings ratio of -9.95 and a beta of 1.65. Inseego has a 52 week low of $3.58 and a 52 week high of $21.90. The stock has a 50 day simple moving average of $4.30 and a two-hundred day simple moving average of $9.19.

Wall Street Analysts Forecast Growth

INSG has been the topic of a number of recent research reports. Lake Street Capital set a $12.00 price objective on shares of Inseego in a report on Thursday, August 6th. Wall Street Zen raised shares of Inseego from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 31st. Weiss Ratings lowered shares of Inseego from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Zacks Research upgraded shares of Inseego from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Roth Capital reissued a “buy” rating on shares of Inseego in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Inseego currently has a consensus rating of “Hold” and an average 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.