Inseego Corp
NASDAQ:INSG
Inseego Corp
Inseego Corp. engages in the business of communication equipment. The company is headquartered in San Diego, California and currently employs 500 full-time employees. The company went IPO on 2000-11-16. The Company’s product portfolio consists of fixed and mobile device-to-cloud solutions, which provides end-to-end IoT services with deep business intelligence. Its businesses include IoT and Mobile Solutions, and Telematics and Asset Tracking Business/Enterprise SaaS Solutions. Its IoT business focuses on addressing applications for a range of markets, including large enterprise verticals and IIoT markets. Its IoT & Mobile Solutions also includes Inseego Subscribe. The company designs, develops and sells a range of asset management and monitoring systems using global positioning system (GPS) satellite positioning, advanced cellular communications and advanced sensory technologies through its subsidiary DigiCore Holdings Limited.
Inseego Corp. engages in the business of communication equipment. The company is headquartered in San Diego, California and currently employs 500 full-time employees. The company went IPO on 2000-11-16. The Company’s product portfolio consists of fixed and mobile device-to-cloud solutions, which provides end-to-end IoT services with deep business intelligence. Its businesses include IoT and Mobile Solutions, and Telematics and Asset Tracking Business/Enterprise SaaS Solutions. Its IoT business focuses on addressing applications for a range of markets, including large enterprise verticals and IIoT markets. Its IoT & Mobile Solutions also includes Inseego Subscribe. The company designs, develops and sells a range of asset management and monitoring systems using global positioning system (GPS) satellite positioning, advanced cellular communications and advanced sensory technologies through its subsidiary DigiCore Holdings Limited.
Q4 Beat: Inseego delivered Q4 revenue of $48.4 million and adjusted EBITDA of $6 million, both exceeding guidance and marking three consecutive quarters of sequential growth.
Guidance: 2026 full-year revenue is guided to about $190 million, with Q1 expected to be a transition quarter at $33–36 million revenue and $1–2 million adjusted EBITDA.
Product Momentum: All three major US carriers (AT&T, Verizon, T-Mobile) have now adopted Inseego for enterprise Fixed Wireless Access, setting up for a major ramp in 2026.
Margin Trends: Gross margin reached 43% in Q4, up 75 basis points sequentially and at its highest level in over a decade; profitability is expected to dip in early 2026 but recover in the second half.
Capital Structure: The company retired all outstanding preferred stock at a 38% discount, reducing liabilities and bringing Mubadala Capital in as a significant common stockholder.
Inventory & Memory: Management is confident in managing memory supply and pricing for the first half of 2026, with proactive actions taken to mitigate industry shortages.
Growth Drivers: Both mobile and FWA revenues are expected to grow in 2026, with new product launches and expanded customer base fueling growth.
