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Inseego — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue declined 27% year-over-year to $33.3 million, while GAAP net loss widened to $8.1 million compared to $1.4 million net income in Q3 2025; cash reserves decreased to $6.6 million and working capital facility usage rose to $7.6 million.
  • Q4 2026 revenue is guided to $56–$65 million with Adjusted EBITDA projected between $0–$2 million, a forecast that includes $12–$14 million in support payments from Nokia.
  • The acquisition of Nokia's Fixed Wireless Access business (FastMile) closed October 1, 2026, expected to double revenue and expand global footprint, though integration risks and potential customer/employee attrition remain key concerns.
  • Management announced a $8 million annual cost reduction via headcount and contractor cuts in October, alongside the appointment of a new CTO to address engineering and product delivery challenges in the legacy North America segment.
Company
INSEEGO CORP
Sector
Technology
Industry
Communication Equipment