PowerFleet Posts 7% Revenue Growth to $113.5M and $6.3M Operating Profit
PowerFleet delivered Q3 FY26 revenue of $113.5M, up 7% year-over-year, driven by an 11% rise in services revenue to $91.1M. The company posted an operating profit of $6.3M versus a $1.2M loss last year, narrowed net loss to $3.4M and raised full-year revenue guidance to $440M–$445M.
1. Third-Quarter Revenue Growth
PowerFleet reported Q3 FY26 total revenue of $113.5 million, a 7% increase from $106.4 million in the prior-year quarter, driven by an 11% rise in services revenue to $91.1 million.
2. Profit and Margin Improvement
The company posted an operating profit of $6.3 million versus a $1.2 million loss a year earlier, narrowed its net loss to $3.4 million, and delivered adjusted EBITDA of $25.7 million with margins expanding to 23% from 19%.
3. Raised Full-Year Guidance
Management updated full-year revenue guidance to a range of $440 million to $445 million, up from the previous $435 million to $445 million outlook, reflecting confidence in recurring revenue momentum.