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

Inseego (NASDAQ:INSG) announced its quarterly earnings results 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 business had revenue of $33.26 million during 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 Trading Up 6.6%

INSG stock traded up $0.30 during trading on Wednesday, reaching $4.83. The stock had a trading volume of 320,841 shares, compared to its average volume of 201,676. Inseego has a one year low of $3.58 and a one year high of $21.90. The company’s 50 day moving average is $4.31 and its two-hundred day moving average is $9.23.

Analysts Set New Price Targets

A number of analysts have commented on INSG shares. Wall Street Zen raised Inseego from a “strong sell” rating to a “sell” rating in a report on Saturday. Weiss Ratings lowered Inseego from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 21st. Lake Street Capital set a $12.00 target price on Inseego in a research report on Thursday, August 6th. Zacks Research upgraded Inseego from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, UBS Group set a $9.00 price target on Inseego in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.