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Inseego Q3 revenue rises, beats analyst estimates

By Reuters News


Overview

  • Wireless broadband provider's Q3 revenue rose, beating analyst expectations

  • Operating income and pretax loss for Q3 missed analyst estimates

  • Company completed acquisition of Nokia's Fixed Wireless Access business, expanding global reach


Outlook

  • Inseego sees Q4 2026 revenue between $56 mln and $65 mln

  • Company expects Q4 2026 adjusted EBITDA of $0 mln to $2 mln

  • Company says Q4 2026 guidance supersedes all prior guidance


Result Drivers

  • ENGINEERING AND PRODUCT DELIVERY ISSUES - Co said it is addressing engineering and product delivery problems by restructuring its engineering function and appointing a new CTO

  • COST REDUCTIONS - Co reduced headcount and contractor spend in October, aiming to cut annual spend by $8 mln


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$33.26 mln

$31.21 mln (3 Analysts)

Q3 Net Loss

Miss

$8.10 mln

$5.44 mln (2 Analysts)

Q3 Adjusted EBITDA

Beat

-$1 mln

-$1.99 mln (2 Analysts)

Q3 Operating Income

Miss

-$7.17 mln

-$4.36 mln (3 Analysts)

Q3 Pretax Loss

Miss

$8.06 mln

$3.40 mln (3 Analysts)

Q3 Gross Profit

$11.09 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the communications & networking peer group is "buy"

  • Wall Street's median 12-month price target for Inseego Corp. is $12.00, about 164.9% above its November 3 closing price of $4.53


Reuters Recommended Reads

  • Nov 3 - ADTRAN Q3 revenue misses on supply constraints

  • Nov 2 - Calix reports profit beat in Q3, supported by AI-native subscriber growth

  • Nov 3 - Arista Networks Q3 revenue beats estimates on strong momentum across customer sectors


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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