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

Inseego (NASDAQ:INSG) issued its quarterly 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 net margin of 1.26% and a negative return on equity of 13.38%.

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 Price Performance

Shares of NASDAQ INSG traded down $0.32 during trading hours on Wednesday, hitting $7.43. 517,079 shares of the company’s stock were exchanged, compared to its average volume of 252,830. The stock has a market capitalization of $120.96 million, a price-to-earnings ratio of 11.98 and a beta of 1.70. The company’s 50-day moving average price is $9.46 and its 200-day moving average price is $11.48. Inseego has a 1-year low of $6.22 and a 1-year high of $21.90.

Hedge Funds Weigh In On Inseego

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Balyasny Asset Management L.P. boosted its holdings in Inseego by 171.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 502,026 shares of the technology company’s stock valued at $4,137,000 after purchasing an additional 317,401 shares during the period. Blue Door Asset Management LLC bought a new position in shares of Inseego during the 4th quarter worth about $2,210,000. Geode Capital Management LLC increased its holdings in shares of Inseego by 118.9% during 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 during the period. Gendell Jeffrey L raised its position in shares of Inseego by 34.6% during the fourth quarter. Gendell Jeffrey L now owns 429,301 shares of the technology company’s stock valued at $4,409,000 after buying an additional 110,253 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Inseego in the fourth quarter valued at about $1,114,000. Institutional investors own 34.20% of the company’s stock.

Analyst Ratings Changes

INSG has been the subject of several research reports. TD Cowen reiterated a “hold” rating and issued a $18.00 target price (up from $15.00) on shares of Inseego in a research report on Wednesday, May 13th. Lake Street Capital restated a “buy” rating and set a $22.00 price objective on shares of Inseego in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Inseego from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has 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 a consensus rating of “Hold” and an average target price of $18.50.

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.