Inseego Reports Third Quarter 2026 Financial Results
Globe Newswire•04/11/2026•16:05 ET
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Key Highlights
- ➤Q3 2026 revenue totaled $33.3 million
- ➤Q3 2026 GAAP net loss reached $8.1 million
- ➤Inseego completed Nokia’s FastMile acquisition on October 1st
- ➤Q4 2026 revenue guidance set at $56 million to $65 million
- ➤October cost reductions expected to cut annual spending by $8 million
Expert Statements
Juho Sarvikas, CEO of Inseego
“We were very pleased to complete the acquisition of Nokia’s Fixed Wireless Access Business on October 1(st), which will allow us to expand our carrier partnerships globally. Inseego North America, representing our legacy business, delivered Q3 revenue and adjusted EBITDA within our guided range, but we need to continue to improve our performance. I have taken steps to address the engineering and product delivery issues I highlighted last quarter, including bringing in a new CTO, and we are underway with our efforts to restructure the engineering function. Our focus now is on ensuring execution in the short-term while we integrate the FastMile business with Inseego North America to operate as one global company.”
Steven Gatoff, CFO of Inseego
“We are pleased to welcome Nokia as an investor in Inseego as a result of the closing of the transaction, and with the support they are providing the business while we integrate our global engineering operations. We have reduced headcount and spend in Q4, which will help move us toward a return to profitability as we look to drive revenue growth throughout the portfolio.”
Q3 2026 revenue of $33.3 million Q3 2026 Adjusted EBITDA* of Negative $1.0 million and GAAP Net Loss of $8.1 million Announced completion of the acquisition of Nokia’s Fixed Wireless Access Business (“FastMile”) on October 1st
SAN DIEGO, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (the “Company”), today reported its results for the third quarter of 2026, ended September 30, 2026.
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