Inseego Reports Q1 Revenue of $34.3M and Plans to Double Sales with Nokia FWA
INSG•Inseego generated $34.3 million in Q1 revenue with $1.8 million adjusted EBITDA and a $4.5 million GAAP loss, sustaining a 48.3% gross margin. The company announced a planned Q4 acquisition of Nokia’s $200 million run-rate FWA business, expected to double revenue upon closing.
1. Q1 Financial Performance
Inseego delivered $34.3 million in revenue for the first quarter of 2026, achieving an adjusted EBITDA of $1.8 million and recording a GAAP net loss of $4.5 million. The company maintained a strong gross margin of 48.3%, marking its fifth consecutive quarter above 40%.
2. Nokia FWA Acquisition Details
Inseego signed an agreement to acquire Nokia’s Fixed Wireless Access business, which has an approximate $200 million annualized revenue run rate. Upon closing in Q4 2026, the deal is expected to double Inseego’s revenue, with Nokia receiving a 7% equity stake valued at $20 million and making an additional $10 million cash investment to reach roughly 11% ownership.
3. Strategic Partnerships and Product Wins
The acquisition includes joint go-to-market initiatives in 6G and wireless edge, as well as collaboration on carrier 5G monetization and AI-driven opportunities. Inseego also secured new U.S. Tier-1 carrier wins for its fourth-generation FWA device and a value-tier MiFi hotspot, and appointed Koroush Saraf as Chief Product Officer to expand its product portfolio.
4. Outlook and Guidance
For Q2 2026, Inseego projects revenue between $36.5 million and $43.5 million with adjusted EBITDA of $0.25 million to $2.0 million. Full-year 2026 revenue is guided to approximately $190 million, and management plans to present at the TD Cowen Technology, Media & Telecom Conference on May 27.
