INSG earnings analysis
What we found in INSG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Inseego reported Q1 2026 revenues of $34.3 million, representing an 8.4% increase year-over-year, with an EPS loss of $0.06, which is better than the expected loss of $0.15. The company experienced strong growth in fixed wireless access solutions, up 179.2% versus the prior year, while mobile solutions contracted 6.2%.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Total revenues for Q1 2026 were $34.3M, an 8.4% increase from $31.7M in Q1 2025.
- Improved Gross Margin
- Gross margin improved to 48.3% in Q1 2026, up from 47.3% in Q1 2025.
- Strong Fixed Wireless Access Sales
- Fixed wireless access solutions revenue increased by 179.2% to $5.3M compared to $1.9M in Q1 2025.
- Decrease in Operating Loss
- Operating loss narrowed to $3.9M in Q1 2026, from $4.0M in Q1 2025.
- Cash and Cash Equivalents
- Cash and cash equivalents totaled $19.3M as of March 31, 2026, down from $35.1M a year prior.
- Positive Operating Cash Flow
- Operating cash flow for Q1 2026 was $1.7M, compared to a cash outflow of $3.5M in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Operating Expenses
- Operating expenses rose by 30.9% to $20.2M in Q1 2026 from $15.4M in Q1 2025.
- Declining Cash Position
- Cash and cash equivalents decreased by $15.8M from the previous year, indicating potential liquidity challenges.
- Dependence on Key Customers
- Revenue heavily relies on a limited number of customer relationships, increasing risk if these relationships falter.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.06
- Gross margin
- 48.3%
- Operating margin
- -11.4%
- Segment
- Mobile Solutions
- Segment
- Fixed Wireless Access Solutions
- Segment
- Software Services and Other
What they said about what is next.
Q2 2026 revenue guidance is between $36.5M and $43.5M; full-year 2026 revenue expected to be approximately $190M.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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