Inseego
Builds 5G mobile broadband, fixed wireless access, and device-management software for carriers and enterprises.
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Profile
Sells MiFi mobile hotspots, Wavemaker routers and gateways, Inseego Connect, and Inseego Subscribe through a single reportable segment. Revenue is concentrated in the United States and Canada, with carrier demand, outsourced manufacturing, and Qualcomm-based product cycles shaping execution.
Designs cloud-managed wireless WAN products for mobile broadband and fixed wireless access. The portfolio centers on MiFi mobile hotspots, Wavemaker indoor, outdoor, and industrial routers and gateways, Inseego Connect device management, and Inseego Subscribe carrier subscription software.
Sales are concentrated in the United States and Canada, and the company works through mobile operators, distribution partners, and channel partners. Current deployments include enterprise FWA devices and MiFi mobility products bundled with cloud management.
The operating structure is a single reportable segment after the telematics divestiture. Demand from major carriers, outsourced manufacturing by contract manufacturers, Qualcomm chipset availability, and product-cycle timing shape the business.
Company facts
Categories
Key statistics
Year to date −56.6% · Average volume (30d) 395.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | UBS | Reiterate | Buy | $11 | $9 | |
| Aug 6, 2026 | Lake Street | Target | $22 | $12 | ||
| May 1, 2026 | Lake Street | Target | $17 | $22 | ||
| Dec 15, 2025 | Lake Street | Target | $17 | |||
| Oct 17, 2025 | Stifel Nicolaus | Target | $17 | $14 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.12 | −$0.18 | −53.2% | $39.9M | $44.0M | +10.2% | −28.53% |
| May 7, 2026Q1 FY26 | −$0.15 | −$0.06 | +60.0% | $34.5M | $34.3M | −0.6% | −14.47% |
| Feb 19, 2026Q4 FY25 | $0.07 | $0.12 | +71.4% | $46.9M | $48.4M | +3.2% | +19.79% |
| Nov 6, 2025Q3 FY25 | $0.28 | $0.12 | −57.1% | $46.9M | $45.9M | −2.1% | +1.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $31.7M | $40.2M | $45.9M | $48.4M | $34.3M | $44.0M | |
| Gross profit | $15.0M | $16.5M | $19.1M | $12.1M | $14.8M | $14.8M | |
| Operating income | −$424.0K | $1.3M | $2.2M | $1.7M | −$3.6M | −$7.2M | |
| Net income | −$1.6M | $507.0K | $1.4M | $469.0K | −$4.5M | −$8.4M | |
| Diluted EPS | −$0.16 | −$0.03 | $0.03 | −$0.03 | $0.65 | −$0.52 | |
| Gross margin | 47.3% | 41.1% | 41.6% | 25.0% | 43.1% | 33.8% | |
| Operating margin | -1.3% | 3.2% | 4.7% | 3.5% | -10.4% | -16.5% |
Fiscal years (4-quarter sums)FY21 $262.4M · FY22 $245.3M · FY23 $181.6M · FY24 $191.2M · FY25 $166.2M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.9M · Total debt $62.7M · Total assets $90.4M · Shareholders' equity −$30.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 16.28M · Float 13.90M · 85.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| North Sound Trading, LP · director, 10 percent owner: | 2.14M | 13.17% | Form 4 | Aug 14, 2025 |
| Royce & Associates LP | 997.0K | 6.13% | 13G | Jul 22, 2026 |
| BlackRock, Inc. | 813.2K | 5.00% | 13F | Aug 7, 2026 |
| Gendell Jeffrey L | 740.3K | 4.55% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 569.8K | 3.50% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 12, 2025 | North Sound Trading, LP | director, 10 percent owner: | +28,205 | $12.12 |
Peers
- Ericsson (ADR)
Enterprise FWA and Wireless WAN through Cradlepoint.
- NETGEAR
Premium mobile hotspots overlap directly with MiFi.
- Cisco Systems
Cloud-managed 5G gateways for enterprise FWA.
- Nokia (ADR)
FastMile FWA CPE with a pending transaction caveat.
- Franklin Wireless
Direct mobile-hotspot, FWA router, and MDM overlap.
- DNA X
Rugged mobile hotspots and public-safety broadband.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Inseego | $4.40 | +0.23% | $71.6M | 32.8 | — | 0.4 | +9.4% |
| Ericsson (ADR) | $9.91 | −0.35% | $32.67B | 12.9 | 20.2 | 1.4 | −6.7% |
| NETGEAR | $21.09 | −0.14% | $566.1M | — | 108.3 | 0.8 | −1.2% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| Nokia (ADR) | $10.18 | −0.29% | $55.14B | 71.4 | 24.3 | 2.5 | +2.3% |
| Franklin Wireless | $2.51 | −0.40% | $29.6M | — | 21.0 | 0.8 | −57.0% |
| DNA X | $3.56 | +5.01% | $5.1M | — | — | — | −100.0% |
| Median | 33.0 | 21.4 | 1.4 | −3.9% |








