Inseego (NASDAQ:INSG) Posts Earnings Results, Beats Expectations By $0.09 EPS

Inseego (NASDAQ:INSG) posted its quarterly earnings data on Thursday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09, FiscalAI reports. Inseego had a negative net margin of 1.26% and a negative return on equity of 13.38%. The company had revenue of $34.34 million during the quarter, compared to the consensus estimate of $34.53 million.

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

• Inseego announced the planned acquisition of Nokia’s FWA business (about a $200 million revenue run rate), structured for $20 million consideration (stock + warrants), which management says will more than double Inseego’s revenue and instantly give the company global scale and a strategic partnership with Nokia; close expected in Q4 2026.
• Q1 2026 results were in line with guidance — revenue up 8% y/y to $34.3 million, adjusted EBITDA of $1.8 million, and healthy non?GAAP gross margin of 48.9% driven by software mix.
• Q2 guidance calls for revenue of $36.5M–$43.5M and adjusted EBITDA of $0.25M–$2M, and management reiterates a path to $190M organic revenue for full?year 2026 with profitability expected to improve in the back half as investments and product ramps complete.
• Near?term execution risks include disruption from a large FWA customer that changed its go?to?market (requiring realignment) and a delay in one of three new mobile hotspot models now expected in late June, both of which weigh on Q2 visibility and performance.

Inseego Stock Down 14.5%

Inseego stock traded down $2.72 during midday trading on Friday, reaching $16.08. 727,866 shares of the stock traded hands, compared to its average volume of 221,614. The stock’s fifty day moving average is $13.19 and its 200-day moving average is $12.20. Inseego has a 12 month low of $6.27 and a 12 month high of $21.90. The stock has a market cap of $261.16 million, a P/E ratio of 25.94 and a beta of 1.76.

Analysts Set New Price Targets

Several equities research analysts recently commented on INSG shares. Lake Street Capital reiterated a “buy” rating and issued a $22.00 price objective on shares of Inseego in a report on Friday, May 1st. TD Cowen reiterated a “hold” rating and issued a $15.00 price objective (up from $14.00) on shares of Inseego in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.75.

Hedge Funds Weigh In On Inseego

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSG. VestGen Advisors LLC bought a new stake in shares of Inseego in the 4th quarter worth about $122,000. Wells Fargo & Company MN raised its position in Inseego by 44.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,207 shares of the technology company’s stock valued at $146,000 after purchasing an additional 4,382 shares during the period. Group One Trading LLC raised its position in Inseego by 25.0% during the fourth quarter. Group One Trading LLC now owns 19,167 shares of the technology company’s stock valued at $197,000 after purchasing an additional 3,829 shares during the period. Franklin Resources Inc. purchased a new stake in Inseego during the fourth quarter valued at approximately $108,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in Inseego during the third quarter valued at approximately $162,000. 34.20% of the stock is owned by institutional investors.

Key Inseego News

Here are the key news stories impacting Inseego this week:

• Positive Sentiment: Q1 adjusted loss per share was smaller than the Zacks consensus estimate, showing better-than-expected bottom-line performance. Inseego (INSG) Reports Q1 Loss, Lags Revenue Estimates
• Positive Sentiment: Inseego said Q1 results were within guidance and announced a deal to acquire Nokia’s Fixed Wireless Access business, a move that could expand its product and customer base if completed later this year. Inseego Reports First Quarter 2026 Financial Results
• Positive Sentiment: The company also named Koroush Saraf as Chief Product Officer, which may support future product innovation and execution. Inseego Names Koroush Saraf Chief Product Officer to Drive Innovation and Next Phase of Product Strategy
• Neutral Sentiment: Q1 revenue of about $34.3 million was close to expectations, but not enough to offset investor concern about growth momentum. Inseego Reports First Quarter 2026 Financial Results
• Neutral Sentiment: The company’s new FY2026 revenue outlook of roughly $190 million was in line with consensus, while Q2 revenue guidance of $36.5 million to $43.5 million trailed Wall Street’s forecast, adding some uncertainty near term. Inseego Reports First Quarter 2026 Financial Results
• Negative Sentiment: Despite a smaller loss than some estimates, the broader earnings release showed a GAAP net loss and softer-than-expected revenue, which likely pressured the stock. MarketBeat Inseego Stock Page

About Inseego

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.