Inseego Corp. Reports Q3 2026 Results Amid FastMile Acquisition and FWA Revenue Decline
Inseego Corp. (INSG) reported third-quarter revenue of $33.3 million, a significant decrease from $45.9 million in the prior year's quarter. While Mobile Solutions revenue saw a 10% sequential increase due to early carrier purchases, Fixed Wireless Access (FWA) revenue plummeted to $4.2 million from $17.7 million year-over-year, driven by delayed customer recoveries and high inventory levels at a Tier 1 carrier. The company is currently undergoing a major strategic shift following the October 2026 acquisition of Nokia's FastMile business. This move is expected to significantly expand Inseego's global footprint and revenue base. To manage costs, the company implemented headcount and contractor reductions in October 2026, resulting in $8.0 million in annualized cost savings. Looking ahead, management provided Q4 2026 total revenue guidance of $56.0 million to $65.0 million, bolstered by FastMile contributions. However, supply chain challenges regarding printed circuit boards (PCBs) have delayed the launch of next-generation FWA products until the first quarter of 2027.
Tickers: $INSG
Topics: Cost Savings Fixed Wireless Access Mobile Solutions Net Loss Revenue Decline
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