Powerfleet's Q2 revenue rose 4% year over year to $115.72 million, slightly above the $114.92 million analyst consensus, while adjusted EBITDA was nearly flat at $24.9 million. The company affirmed FY2027 revenue guidance of $468 million to $473 million and adjusted EBITDA guidance of $111 million to $114 million.
Powerfleet reported Q2 revenue of $115.72 million, up 4% year over year and slightly above the $114.92 million analyst consensus. Net loss was $6.81 million, gross profit was $61.83 million and operating expenses were $60.47 million. Adjusted EBITDA was nearly flat year over year at $24.9 million.
Services revenue grew 7% year over year, while product revenue fell 8%. Powerfleet said its major South African contract is progressing ahead of expectations and is expected to support revenue in H2 FY2027. The company affirmed FY2027 revenue guidance of $468 million to $473 million and adjusted EBITDA guidance of $111 million to $114 million, and said it expects revenue and profitability to strengthen in H2.
Powerfleet agreed in principle to a device financing facility to support contract growth.
