--- title: "Inseego | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 34.34 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285609981.md" datetime: "2026-05-07T20:16:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285609981.md) - [en](https://longbridge.com/en/news/285609981.md) - [zh-HK](https://longbridge.com/zh-HK/news/285609981.md) --- # Inseego | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 34.34 M Revenue: As of FY2026 Q1, the actual value is USD 34.34 M, missing the estimate of USD 34.53 M. EPS: As of FY2026 Q1, the actual value is USD 0.65. EBIT: As of FY2026 Q1, the actual value is USD -2.505 M. #### Q1 2026 Financial Highlights - Total revenue for Q1 2026 was $34.3 million, meeting the company’s guidance range of $33.0 million to $36.0 million and representing an 8.4% year-on-year growth compared to Q1 2025. Adjusted EBITDA for Q1 2026 was $1.8 million, also meeting guidance . - GAAP Net Loss for Q1 2026 was - $4.5 million . - GAAP gross margin for Q1 2026 was 48.3%, marking the fifth consecutive quarter with gross margin exceeding 40% . #### Segment Revenue (Three Months Ended March 31) - **Total Revenues:** In Q1 2026, total revenues were $34,338 thousand, up from $31,673 thousand in Q1 2025 . - **Mobile solutions:** $16,688 thousand in Q1 2026, compared to $17,790 thousand in Q1 2025 . - **Fixed wireless access solutions:** $5,314 thousand in Q1 2026, significantly up from $1,903 thousand in Q1 2025, representing a 179% year-on-year growth . - **Product (total):** $22,002 thousand in Q1 2026, compared to $19,693 thousand in Q1 2025 . - **Software services and other:** $12,336 thousand in Q1 2026, compared to $11,980 thousand in Q1 2025, showing a 3% year-on-year growth . - The revenue mix for Q1 2026 consisted of 64% Product Revenue and 36% Software Services & Other Revenue . #### Operational Metrics (Three Months Ended March 31) - **Gross Profit:** $16,597 thousand in Q1 2026, compared to $14,983 thousand in Q1 2025 . - **Non-GAAP Gross Margin:** 48.9% for Q1 2026, an increase of 139 basis points year-on-year compared to Q1 2025 and 632 basis points quarter-on-quarter compared to Q4 2025 . - **Total Operating Costs and Expenses:** $20,163 thousand in Q1 2026, compared to $15,407 thousand in Q1 2025 . - **Research and development:** $5,810 thousand in Q1 2026, compared to $4,535 thousand in Q1 2025 . - **Sales and marketing:** $5,622 thousand in Q1 2026, compared to $3,934 thousand in Q1 2025 . - **General and administrative:** $6,937 thousand in Q1 2026, compared to $4,490 thousand in Q1 2025 . - **Depreciation and amortization:** $1,794 thousand in Q1 2026, compared to $2,064 thousand in Q1 2025 . - **Impairment of capitalized software:** $0 thousand in Q1 2026, compared to $384 thousand in Q1 2025 . - **Operating Income (Loss):** - $3,566 thousand in Q1 2026, compared to - $424 thousand in Q1 2025 . - **Net Income (Loss) from Continuing Operations:** - $4,536 thousand in Q1 2026, compared to - $1,170 thousand in Q1 2025 . - **Adjusted EBITDA (Non-GAAP):** $1,751 thousand in Q1 2026, with an Adjusted EBITDA margin of 5.1%, compared to $3,659 thousand in Q1 2025 . #### Cash Flow and Balance Sheet (Three Months Ended March 31) - **Net Cash Provided by (Used in) Operating Activities:** $1,715 thousand in Q1 2026, compared to - $3,467 thousand in Q1 2025 . - **Net Cash Used in Investing Activities:** - $3,947 thousand in Q1 2026, compared to - $1,015 thousand in Q1 2025 . - **Net Cash Provided by (Used in) Financing Activities:** - $3,333 thousand in Q1 2026, compared to $42 thousand in Q1 2025 . - **Cash and Cash Equivalents, End of Period:** $19,297 thousand as of March 31, 2026, compared to $35,149 thousand as of March 31, 2025 . - **Debt Balance:** As of March 31, 2026, Inseego Corp. had a debt balance of $49 million, due in 2029, with net debt approximately $28 million . - Inseego Corp. eliminated its Preferred Stock in January 2026 for a total consideration of $26 million . #### Unique Operational Metrics - Inseego Corp. announced an agreement to acquire Nokia’s Fixed Wireless Access (FWA) business, which is expected to close in Q4 2026 . This acquisition is anticipated to double Inseego Corp.’s revenue upon closing, based on Nokia’s current run rate of approximately $200 million in annualized revenue . Under the terms, Nokia will receive an approximately 7% equity stake in Inseego Corp. (valued at $20 million) and make an additional $10 million cash investment, bringing its total ownership interest to approximately 11% . The acquisition also includes plans for joint go-to-market initiatives in 6G and wireless edge, and exploration of joint innovation and carrier 5G monetization opportunities . - Inseego Corp. secured new wins with U.S. Tier-1 carrier partners for its 4th generation FWA device and a value-tier MiFi device . #### Outlook / Guidance - For Q2 2026, Inseego Corp. projects total revenue to be in the range of $36.5 million to $43.5 million, with Adjusted EBITDA expected between $250 thousand and $2.0 million . The full-year 2026 guidance for total revenue is approximately $190 million . 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