Inseego Corp. · NASDAQ:INSG
Inseego — Q3 2026 Earnings Presentation
28 slides from Inseego's earnings presentation, Nov 4, 2026
Slide 1: A new era of wireless broadband – Q3 2026 Earnings Results
D e p l o y . C o n n e c t . U n i f y . A new era of wireless broadband. Nasdaq: INSG Q3 2026 EARNINGS RESULTS | Nov 4, 2026
Slide 2: Inseego | Leading Global Wireless Edge Connectivity
Inseego | Leading Global Wireless Edge Connectivity A focused, global wireless broadband company with deep carrier relationships and a long track record of innovation. We work with our partners to connect every customer, every location, and every use case including mobile users, residences, business
Slide 3: Inseego Today | A Broad Global Platform
Q3 2026 EARNINGS RESULTS Inseego Today | A Broad Global Platform Current business priorities and expanded global platform with acquisition of Nokia FastMile FWA business Inseego North America Business Improving FWA and Mobile execution and aligning expenses with the revenue profile of the business F
Slide 4: Inseego North America | Historical Inseego Business Financial Info
Inseego North America | Historical Inseego Business Financial Info The following information is the historical baseline and 2026 year - to - date quarterly actuals for the Inseego North America business and does not include any of the acquired FastMile business results. 4 Note: Non - GAAP gross marg
Slide 5: Inseego & Nokia | Compelling Strategic Partnership
Inseego & Nokia | Compelling Strategic Partnership Inseego CEO Juho Sarvikas and Nokia CEO Justin Hotard Global reach, a residential FWA portfolio and an ongoing Nokia partnership following the Oct 1, 2026 completion of Inseego’s acquisition of Nokia’s FastMile global FWA business Commercial collabo
Slide 6: Acquired FastMile Business | Selected Historical Financial Info
Acquired FastMile Business | Selected Historical Financial Info Following are selected pre - acquisition standalone results of Nokia’s FastMile FWA business that is being provided for informational and comparative purposes QUARTERLY ANNUAL $ in millions Q2 2026 Q1 2026 Q4 2025 2025 2024 $42.6 $51.6
Slide 7: Q3 2026 Financial Results | In Line With Guidance
Q3 2026 Financial Results | In Line With Guidance KEY TAKEAWAY 7 Revenue came in above the midpoint of guidance and Adjusted EBITDA at the high end of the guided range, as laid out on our Q2 2026 earnings call in August. Q3 2026 (INSEEGO NORTH AMERICA ONLY) $ in millions RESULTS Reported: Nov 4, 202
Slide 8: Q3 2026 Results | Selected Financial Highlights
Q3 2026 Results | Selected Financial Highlights Carrier ordering shaped revenue, while lower operating expenses helped offset gross margin pressure 8 • Mobile Solutions revenue of $19.1m, up 11% sequentially , supported by carrier purchases ahead of anticipated memory price increases and supply cons
Slide 9: Q3 2026 Results | Selected Business Highlights
Q3 2026 Results | Selected Business Highlights Progress across engineering leadership, products and software during the quarter 9 • Completed the acquisition of Nokia’s FastMile Fixed Wireless Access business (“FastMile”), see next slide. • Selected by a Tier - 1 Carrier to provide a ruggedized, hig
Slide 10: FastMile FWA Acquisition | Expanded Portfolio & Global Reach
FastMile FWA Acquisition | Expanded Portfolio & Global Reach 10 • Broader FWA portfolio: Acquisition from Nokia completed on Oct 1, 2026 adding indoor, outdoor and millimeter - wave solutions for residential and business connectivity. • Expanded global reach: Adds established carrier relationships a
Slide 11: Q4 2026 Guidance | Total Company
Q4 2026 Guidance | Total Company (Inseego North America + FastMile) 11 On Inseego’s Q3 2026 Earnings Call on Nov 4, 2026, the Company provided the following Q4 2026 guidance that includes Revenue outlook for Inseego North America and the acquired FastMile FWA business, along with Total Revenue and T
Slide 12: Appendix I: Inseego North America Selected Historical Financial Info
APPENDIX I INSEEGO NORTH AMERICA Selected Historical Financial Info
Slide 13: Total Revenue | Continued Contribution From Software & Services
35.9 19.7 28.2 33.7 36.1 22.0 31.7 23.3 12.2 12.0 12.0 12.2 12.3 12.3 12.3 10.0 48.1 31.7 40.2 45.9 48.4 34.3 44.0 33.3 Q4 2024 Q1 2025 Q2 2025 Product Revenue Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Software Services & Other Revenue 13 PRODUCT SOFTWARE SERVICES & OTHER Total Revenue | Continued Con
Slide 14: Mobile Growth, FWA Reflects Carrier Ordering Dynamics
25.5 17.8 13.7 16.0 20.4 16.7 17.3 19.1 10.4 14.5 17.6 15.7 5.3 14.4 19.7 1.9 4.2 FWA 35.9 28.2 33.7 36.1 22.0 31.7 23.3 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Mobile Solutions Revenue Fixed Wireless Access Solutions Revenue 14 MOBILE Product Revenue | Mobile Growth, FWA Ref
Slide 15: Product & Services Portfolio | High-Value Software Services Contribution
75% 62% 70% 73% 75% 64% 72% 70% 25% 38% 30% 27% 25% 36% 28% 30% Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 2026 2026 2026 2025 2025 2025 2025 2024 Product Revenue Software Services & Other Revenue 15 PRODUCT SOFTWARE SERVICES & OTHER Product & Services Portfolio | High - Value Software Services Contribution Q3 2026 EA
Slide 16: Operating Expense | Aligning Costs with Revenue
3.4 3.5 4.8 4.3 3.9 8% 3.7 3.5 11% 9% 11% 9% 4.3 13% 9% 11% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2025 2025 2025 2026 2026 2026 4.3 4.6 4.6 5.3 5.6 5.0 4.9 11% 5.3 13% 11% 10% 11% 16% 11% 15% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2025 2025 2025 2026 2026 2026 Sales & Marketing (non - GAAP) Research & Develo
Slide 17: Appendix II: Non-GAAP Numbers Reconciliations to GAAP Financials
NON - GAAP NUMBERS Reconciliations to GAAP Financials APPENDIX II
Slide 18: Gross Margin & OpEx | Three Months Ended September 30, 2026
($ thousands) 18 GAAP Share - based compensation expense Impairment of Capitalized Software Non - recurring transaction - related costs Non - GAAP $ 33,263 $ - - $ $ 33,263 Revenues 21,965 3 - 209 22,177 Cost of revenues $ 11,298 $ 11,086 Gross Margin 34.0% 33.3% Gross Margin % 4,893 12 - 209 5,114
Slide 19: Gross Margin & OpEx | Three Months Ended June 30, 2026
Gross Margin & OpEx | Three Months Ended June 30, 2026 Q3 2026 EARNINGS RESULTS – GAAP TO NON - GAAP RECONCILIATION Non - recurring transaction - related Impairment of Capitalized Share - based compensation Non - GAAP costs Software expense ($ thousands) GAAP $ 43,984 - $ - $ - $ Revenues $ 43,984 2
Slide 20: Gross Margin & OpEx | Three Months Ended March 31, 2026
($ thousands) 20 GAAP Share - based compensation expense Non - recurring transaction - related costs Non - GAAP $ 34,338 - $ - $ $ 34,338 Revenues 17,560 - 181 17,741 Cost of revenues $ 16,778 $ 16,597 Gross Margin 48.9% 48.3% Gross Margin % 5,595 - 215 5,810 Operating costs and expenses: Research a
Slide 21: Adjusted EBITDA reconciliation by quarter
March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 ($ thousands) (1,170) $ 507 $ 1,432 $ 469 $ (4,536) $ (8,438) $ (8,103) $ GAAP Income (loss) from continuing operations 1,601 1,654 1,850 2,335 2,304 3,049 2,292 Share - based compensati
Slide 22: Gross Margin & OpEx | Year Ended December 31, 2025
Gross Margin & OpEx | Year Ended December 31, 2025 Q3 2026 EARNINGS RESULTS – GAAP TO NON - GAAP RECONCILIATION Non - GAAP Purchased intangibles amortization Gain on Early Lease Termination Debt Restructuring Costs Impairment of Capitalized Software Share - based compensation expense ($ thousands) G
Slide 23: Adjusted EBITDA | Year Ended December 31, 2025
Year Ended 23 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 December 31, 2025 ($ thousands) $ (1,170) $ 507 $ 1,432 $ 469 $ 1,238 Income (loss) from continuing operations 23 22 (36) 35 44 Income tax provision (benefit) 1,026 933 885 927 3,771 Interest expense, net (303) (182) (12
Slide 24: Gross Margin & OpEx | Year Ended December 31, 2024
Non - GAAP Purchased intangibles amortization ROU Asset Impairment Debt Restructuring Costs Impairment of Capitalized Software Share - based compensation expense ($ thousands) GAAP $ - $ - $ - $ - $ 191,244 $ - $ 191,244 Revenues - - - - 122,321 126 122,447 Cost of revenues $ 68,923 $ 68,797 Gross M
Slide 25: Adjusted EBITDA | Year Ended December 31, 2024
Year Ended 25 March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 December 31, 2024 ($ thousands) $ (5,516) $ 79 $ 7,543 $ (16,475) $ (14,369) Income (loss) from continuing operations 17 118 36 518 689 Income tax provision (benefit) 2,179 1,776 5,731 1,220 10,906 Interest expense, net
Slide 26: Forward-Looking Statements
Forward - Looking Statements Some of the information presented in this presentation may constitute forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . In this context, forward - looking statements often address expected future business and financ
Slide 27: Non-GAAP Financial Measures
Non - GAAP Financial Measures Inseego Corp . has provided financial information in this presentation that has not been prepared in accordance with GAAP . Non - GAAP net income (loss) and non - GAAP net income (loss) per share, for example, exclude the impact of share - based compensation expense, im
Slide 28: www.inseego.com
www.inseego.com NASDAQ: INSG