INSG · Inseego Corp.
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. Inseego beat Q2 revenue guidance at $44.0M (driven by a pull-ahead memory-related order) but cut full-year 2026 revenue outlook to ~$155M, guided Q3 to a sharp sequential drop of $28–35M with negative EBITDA, and removed MSO revenue ($15–20M previously assumed) while trimming Subscribe software by ~$2M/quarter, all amid ongoing engineering execution issues.
- + Q2 revenue beat the high end of guidance, driven by strong Mobile solutions growth.
- + Mobile solutions revenue grew 26% year-over-year on refreshed MiFi portfolio and newer Tier-1 carrier traction.
- + Refreshed MiFi PRO M4 launched across all three U.S. Tier-1 carriers (AT&T, T-Mobile, Verizon) for the first time in company history.
- + Working capital facility expanded from $15M to $20M, providing additional liquidity.
- − Full-year 2026 revenue outlook cut to ~$155M, reflecting a lower second-half revenue expectation.
- − Q3 guided to a steep sequential revenue decline of $28–35M with negative Adjusted EBITDA of ($2M) to ($1M).
- − MSO opportunity removed from 2026 outlook (previously $15–20M assumed) due to longer-than-expected customer conversion.
- − Subscribe software revenue stepping down by approximately $2M per quarter beginning Q3.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Gross margin | 33.8% | the three months ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | $0.5M | Q2 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 1.2% | Q2 2026 | — |
| Mobile Solutions Revenue | $31.7M | Q2 2026 | +12.5% |
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| Non-GAAP Gross Margin non-GAAP | 34.4% | Q2 2026 | — |
| Non-GAAP net income (loss) non-GAAP | -2.95M | Q2 2026 | — |
| Non-GAAP net income (loss) per diluted share non-GAAP | -$0.18 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
INSG
this stock
Inseego Corp.
|
$61.74M | -55.1% | +43.0% | — | 14.1% |
|
CSCO
Cisco Systems, Inc.
|
$427.06B | +45.7% | +2.8% | 32.5 | 1.5% |
|
LITE
Lumentum Holdings Inc.
|
$84.47B | +194.5% | +24.6% | — | 7.3% |
|
HPE
Hewlett Packard Enterprise Co
|
$83.55B | +188.6% | +13.8% | 32.4 | 4.2% |
|
MSI
Motorola Solutions, Inc.
|
$75.61B | +16.7% | +5.7% | 36.0 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| INSG | +22.6% | +14.4% | -66.9% | +26.0% | -55.1% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +22.8% | +14.9% | -79.0% | +25.0% | -68.0% |