Inseego reported third quarter 2026 revenue of $33.3 million, exceeding analyst estimates primarily due to stronger sequential growth in mobile solutions. Although the company recorded a GAAP net loss of $8.1 million, management emphasized the strategic completion of the Nokia FastMile acquisition on October 1st, which is expected to roughly double the company's revenue base and expand its carrier footprint across EMEA and APAC.
Key Highlights
- Revenue outperformed expectations by 6.7% as mobile solutions revenue rose 11% sequentially to $19.1 million.
- Adjusted EBITDA reached negative $1.0 million, hitting the top end of management's previously guided range of negative $2.0 million to $1.0 million.
- Operating expenses are set to decline following an October restructuring that reduced headcount and is projected to save $8 million annually.
- Fourth quarter guidance suggests total revenue between $56 million and $65 million, incorporating approximately $35 million to $40 million from the newly acquired FastMile business.