Inseego (NASDAQ:INSG) Releases Earnings Results, Misses Estimates By $0.06 EPS

Inseego (NASDAQ:INSG) issued its earnings results on Wednesday. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06), FiscalAI reports. The business had revenue of $43.98 million during the quarter, compared to analysts’ expectations of $39.90 million. Inseego had a negative return on equity of 13.38% and a negative net margin of 1.26%.

Here are the key takeaways from Inseego’s conference call:

• Q2 revenue reached $44 million, up 28% sequentially and 9% year over year, driven by strong product revenue, refreshed MiFi launches, and a large order from a newer Tier 1 carrier.
• Management lowered its 2026 revenue outlook to approximately $155 million, citing product delays, a slower recovery at its largest FWA customer, the removal of expected MSO revenue, and lower Subscribe revenue. Q3 guidance is $28 million-$35 million of revenue and negative $1 million to negative $2 million of adjusted EBITDA.
• Engineering processes were unable to support the company’s accelerated product-launch cadence, causing delays and a revenue gap that will not be recovered in 2026. Management is narrowing the product roadmap, overhauling development processes, and searching for a new engineering leader.
• Q2 non-GAAP gross margin fell to 34% because a large customer order required the use of higher-cost memory, while Subscribe revenue is expected to decline by approximately $2 million per quarter beginning in Q3; MSO revenue has been removed from the 2026 forecast.
• The Nokia FWA acquisition remains on track to close in Q4 2026 and would add an approximately $200 million annual revenue run rate, global Tier 1 relationships, broader FWA products, and additional engineering capabilities. Management is preparing international operations and integration plans ahead of the transaction.

Inseego Stock Performance

INSG traded down $2.31 during trading on Thursday, hitting $5.12. The stock had a trading volume of 1,361,242 shares, compared to its average volume of 255,537. The stock has a 50 day simple moving average of $9.46 and a two-hundred day simple moving average of $11.48. The company has a market capitalization of $83.29 million, a PE ratio of 8.24 and a beta of 1.70. Inseego has a twelve month low of $4.77 and a twelve month high of $21.90.

Inseego News Roundup

Here are the key news stories impacting Inseego this week:

• Positive Sentiment: Second-quarter revenue reached approximately $44.0 million, exceeding the company’s guidance and analyst expectations of about $39.9 million. Revenue increased 28% sequentially, supported by broader customer and product diversification. Inseego Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Adjusted EBITDA was positive at approximately $0.5 million, suggesting some improvement in operating performance and cost leverage. Inseego Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: The company’s customer-base and product diversification may provide a foundation for future growth, but management indicated that the recovery in fixed wireless access, or FWA, remains slower than expected. Inseego Q2 2026 Earnings Call Highlights
• Negative Sentiment: Inseego reported a GAAP net loss of $8.4 million and a loss of $0.18 per share, wider than the expected loss of approximately $0.09 to $0.12 per share and below the $0.06-per-share profit reported a year earlier. Inseego Reports Q2 Loss
• Negative Sentiment: Management lowered full-year 2026 revenue guidance to approximately $155 million, well below the roughly $188.4 million consensus estimate. Third-quarter revenue guidance of $28 million to $35 million also falls substantially short of the approximately $53.6 million consensus forecast. Inseego Q2 2026 Earnings Call Highlights
• Negative Sentiment: Engineering bottlenecks and the slower FWA recovery are delaying growth, making the guidance reduction the dominant factor weighing on INSG despite the quarterly revenue beat.

Hedge Funds Weigh In On Inseego

Hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd lifted its stake in Inseego by 23.6% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,313 shares of the technology company’s stock valued at $158,000 after acquiring an additional 3,685 shares during the period. Geode Capital Management LLC boosted its position in Inseego by 118.9% in the 2nd quarter. Geode Capital Management LLC now owns 279,787 shares of the technology company’s stock worth $2,306,000 after purchasing an additional 151,970 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Inseego by 3,087.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,057 shares of the technology company’s stock worth $50,000 after purchasing an additional 5,867 shares during the period. XTX Topco Ltd purchased a new position in shares of Inseego during the 2nd quarter valued at approximately $89,000. Finally, New York State Common Retirement Fund purchased a new stake in Inseego during the second quarter worth $101,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on INSG shares. Weiss Ratings raised shares of Inseego from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. TD Cowen restated a “hold” rating and issued a $18.00 target price (up from $15.00) on shares of Inseego in a research note on Wednesday, May 13th. UBS Group reaffirmed a “buy” rating and issued a $11.00 price target on shares of Inseego in a research note on Thursday. Finally, Lake Street Capital set a $12.00 price objective on Inseego in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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.