AI Earnings Predictions for Inseego Corp. (INSG)

EX-99.1

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PRESS RELEASE

Exhibit 99.1

Inseego Reports Third Quarter 2026 Financial Results

Q3 2026

revenue of $33.3 million

Q3 2026

Adjusted EBITDA* of Negative $1.0 million and GAAP Net Loss of $8.1 million

Announced completion of the acquisition of Nokia’s Fixed Wireless Access Business (“FastMile”) on October 1st

SAN DIEGO, November 4, 2026 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (the “Company”), today reported its results for the third quarter of 2026, ended September 30, 2026.

“We were very pleased to complete the acquisition of Nokia’s Fixed Wireless Access Business on October 1st, which will allow us to expand our carrier partnerships globally,” said Juho Sarvikas, CEO of Inseego. “Inseego North America, representing our legacy business, delivered Q3 revenue and adjusted EBITDA within our guided range, but we need to continue to improve our performance. I have taken steps to address the engineering and product delivery issues I highlighted last quarter, including bringing in a new CTO, and we are underway with our efforts to restructure the engineering function. Our focus now is on ensuring execution in the short-term while we integrate the FastMile business with Inseego North America to operate as one global company.”

Steven Gatoff, CFO of Inseego, added: “We are pleased to welcome Nokia as an investor in Inseego as a result of the closing of the transaction, and with the support they are providing the business while we integrate our global engineering operations. We have reduced headcount and spend in Q4, which will help move us toward a return to profitability as we look to drive revenue growth throughout the portfolio.”

Q3 2026 Financial Highlights

·Total revenue for Q3 2026 was $33.3 million.

·Adjusted EBITDA* for Q3 2026 was negative $1.0 million. GAAP Net Loss was $8.1 million.

·GAAP gross margin for Q3 2026 was 33.3%.

Note: Q3 2026 Financial results are for our legacy business only, which we refer to as Inseego North America.

Business Highlights

·Completed the acquisition of Nokia’s Fixed Wireless Access business (“FastMile”), see separate section below.

·Selected by a Tier-1 Carrier to provide a ruggedized, high-powered premium-tier MiFi, with shipments expected to begin in mid-2027.

·Introduced intelligent multi-WAN control software for its portfolio of SD-WAN appliances, making resilient connectivity across multiple broadband sources simpler and more accessible for operators and their customers. The capability provides intelligent traffic handling across outdoor 5G receivers, low Earth orbit satellite terminals, fiber, other wired broadband connections, and integrated cellular WAN links.

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·Achieved CMMC Certification for Inseego Subscribe, enabling service providers to support U.S. Government Customers.

·Reduced headcount and contractor spend in October 2026, anticipated to reduce spend by $8m annually.

·Announced Nick Lambourne as Chief Technology Officer, leading the Company’s global engineering organization Nick has deep cellular expertise and experience across hardware, software, cloud, and international engineering operations.

Nokia FWA Acquisition

On October 1st, the Company announced the completion of its acquisition of Nokia’s Fixed Wireless Access (FWA) business, first announced on April 30, 2026. The acquisition is expected to approximately double Inseego’s revenue and position the company as a global wireless broadband leader. By adding indoor, outdoor and millimeter-wave FWA solutions to its wireless broadband portfolio, Inseego expands its reach across consumer and business connectivity. The transaction also meaningfully extends Inseego’s footprint globally to now include leading carriers across Europe, the Middle East, Asia, and Oceania. The addition of this product and technology portfolio also significantly expands Inseego’s engineering capabilities.

Following the transaction, approximately 250 people associated with the acquired business are now supporting Inseego’s expanded global operations across engineering, product management, supply chain and sourcing, and customer support. This group includes employees joining Inseego and Nokia personnel who will continue to support the business under a transition services agreement.

To support its expanded global operations, Inseego has established an international headquarters in Amsterdam and a development center in Athens, expanded its presence in Bangalore, and added customer-facing sales and technical resources across its new markets.

The results of the acquired business will be included in Inseego’s consolidated results beginning in the 4th quarter of 2026. Pro forma information about the revenue of the acquired business is included in a table to this Press Release.

Q4 2026 Guidance

The Company provided the following guidance for the fourth quarter of 2026:

–Q4 2026 total revenue in the range of $56 million to $65 million, comprised of:

–Inseego North America revenue i

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EX-99.1

2 inseego_ex9901.htm

PRESS RELEASE DATED MAY 7, 2026

Exhibit 99.1

Inseego Reports First Quarter 2026 Financial Results

Q1 2026 revenue of $34.3 million

Q1 2026 Adjusted EBITDA* of $1.8 million and GAAP Net Loss of $4.5 million

Announced acquisition of Nokia’s Fixed Wireless Access business, expected to close Q4 2026

SAN DIEGO—May 7, 2026—Inseego Corp. (Nasdaq:

INSG) (the “Company”), a leader in cloud-first wireless edge solutions, today reported its results for the first quarter of 2026 ended March 31, 2026.

“We delivered results within guidance in Q1 and continued to execute on our strategy to further diversify our customers and product portfolio,” said Juho Sarvikas, CEO of Inseego. “As we have communicated previously, we are focused on investment in the first half of 2026, in particular for carrier ramps, product launches, and portfolio expansion. We continued to execute against this strategy in Q1, which will drive revenue and profitability expansion in the second half of the year. While our focus continues to be on organic growth and execution, I am very excited about our acquisition of Nokia’s FWA business, which will be a transformational acquisition for us, provides immediate global scale, and accelerates our strategy in a very significant way.”

Steven Gatoff, CFO of Inseego, added: “We delivered year-over-year revenue growth in Q1, along with healthy gross margins and Adjusted EBITDA within our guided range. We continue to invest in the product, go-to-market, and operating capabilities needed to support the large opportunity ahead. We are working towards closing the FWA acquisition with Nokia and look forward to welcoming them as a significant shareholder and partner.”

Q1 2026 Financial Highlights

·Total revenue for Q1 2026 was $34.3 million.

·Adjusted EBITDA* for Q1 2026 was $1.8 million. GAAP Net Loss was $4.5 million.

·GAAP gross margin for Q1 2026 was 48.3%, the Company’s fifth consecutive quarter with gross margin exceeding 40%.

Business Highlights

·Announced signing of agreement to acquire Nokia’s Fixed Wireless Access business, which is expected to close in Q4 2026 subject to normal terms and conditions of transactions like this. Based on its current run rate of approximately $200m in annualized revenue, the acquisition is expected to double Inseego’s revenue upon closing.

·Under the terms of the FWA acquisition, at closing Nokia will receive approximately a 7% equity stake in Inseego in the form of common stock and warrants, representing a value of $20 million. At closing Nokia will also make an additional $10 million cash investment in Inseego in the form of common stock and warrants, to further strengthen the commercial collaboration, that will bring Nokia’s total ownership interest to approximately 11%.

·The acquisition of the Nokia FWA business also includes plans for joint go-to-market initiatives between the two companies in 6G and wireless edge to capture the opportunities in AI and to further advance the FWA business. The collaboration will also explore joint innovation and carrier 5G monetization opportunities, as well as consumer and enterprise growth opportunities at the wireless edge. These efforts are expected to support and drive customer continuity, future revenue growth, and technology leadership at the wireless edge.

·Secured a new win with a U.S. Tier-1 carrier partner for our 4th generation FWA device, as carriers continue to view Inseego as a key partner in scaling Fixed Wireless Access as a core enterprise connectivity solution.

·Continued to consolidate the Mobile hot spot space by securing a new win with a U.S. Tier-1 carrier partner for a value-tier MiFi device.

·Announced the appointment of Koroush Saraf as Chief Product Officer, as we continue to expand our product portfolio and drive the delivery of more integrated and scalable solutions for enterprise and service provider customers.

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Investor Events

Inseego management will be participating in the following upcoming investor events:

·May 27, 2026 – TD Cowen 54th Annual Technology, Media & Telecom Conference (New York, NY)

Q2 and Full-Year 2026 Guidance

–Q2 2026 total revenue in the range of $36.5 million to $43.5 million.

–Q2 2026 Adjusted EBITDA* in the range of $250 thousand to $2.0 million.

–Full-year 2026 total revenue of approximately $190 million

Conference Call Information

Inseego will host a conference call and live webcast today at 5:00 p.m. ET. A Q&A session will be held live directly after the prepared remarks. To access the conference call:

·Online, visit https://investor.inseego.com/events-presentations

·Those without internet access or unable to pre-register may dial in by calling:

·In the United States, call 1-844-282-4463

·International parties can access the call at 1-412-317-5613

An audio replay of the conference call will be available one hour after the call through May 21, 2026. To hear the replay, parties in the United States may call 1-855-669-9658 a