Q3 2026 Earnings Results

November 26

Deploy. Connect. Unify.

A new era of wireless broadband.

COMPANY PRESENTATION | NOV 2026

Nasdaq: INSG

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, impairment of capitalized software, amortization of intangible assets purchased through acquisitions, non-recurring transaction-related costs, and other non-recurring gains and losses. Adjusted EBITDA, in addition to those items excluded from non-GAAP net income (loss), excludes all interest expense, taxes, depreciation, amortization, and other non-operating income/expense.

Non-GAAP net income (loss), non-GAAP net income (loss) per share, and Adjusted EBITDA are supplemental measures of our performance that are not required by, or presented in accordance with, GAAP. These non-GAAP financial measures have limitations as an analytical tool. They are not intended to be used in isolation or as a substitute for cost of revenues, operating expenses, net income (loss), net income (loss) per share or any other performance measure determined in accordance with GAAP. We present these non-GAAP financial measures because we consider them to be an important supplemental performance measure.

We use these non-GAAP financial measures to make operational decisions, evaluate our performance, prepare forecasts and determine compensation. Further, management and investors benefit from referring to these non-GAAP financial measures in assessing our performance when planning, forecasting and analyzing future periods. Share-based compensation expenses are expected to vary depending on the number of new incentive award grants issued to both current and new employees, the number of such grants forfeited by former employees, and changes in our stock price, stock market volatility, expected option term and risk-free interest rates, all of which are difficult to estimate. In calculating non-GAAP financial measures, we exclude certain non-cash and one-time items to facilitate comparability of our operating performance on a period-to-period basis because such expenses are not, in our view, related to our ongoing operational performance. We use this view of our operating performance to compare it with the business plan and individual operating budgets and in the allocation of resources.

We believe that these non-GAAP financial measures are helpful to investors in providing greater transparency to the information used by management in its operational decision-making. The Company believes that using these non-GAAP financial measures also facilitates comparing our underlying operating performance with other companies in our industry, which use similar non-GAAP financial measures to supplement their GAAP results.

In the future, we expect to continue to incur expenses similar to the non-GAAP adjustments described above, and the exclusion of these items in the presentation of our non-GAAP financial measures should not be construed as an inference that these costs are unusual, infrequent, or non-recurring. Investors and potential investors are cautioned that material limitations are associated with using non-GAAP financial measures as an analytical tool. The limitations of relying on non-GAAP financial measures include, but are not limited to, the fact that other companies, including other companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting their usefulness as a comparative tool.

Investors and potential investors are encouraged to review the reconciliation of our non-GAAP financial measures in this presentation with our GAAP financial results.

Acquisition and Pro Forma Information

Inseego completed its acquisition of the FWA Business on October 1, 2026. Financial information for periods before the closing relates to Inseego's core business only unless labeled otherwise. Any combined or pro forma information is supplemental, unaudited and illustrative; it has not been prepared in accordance with Article 11 of Regulation S-X, does not reflect purchase accounting adjustments, and is not necessarily indicative of the results that would have been achieved had the acquisition closed earlier or of future results.

Market Data and Statistics

This presentation includes statistical and other industry and market data that Inseego obtained from industry publications and research, surveys, studies, and other similar third-party sources, as well as Inseego's estimates based on such data and on Inseego's internal sources. Such data and estimates involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such data and estimates.

Inseego believes that the information from these third-party sources is reliable; however, Inseego has not independently verified them, makes no representation as to their accuracy or completeness, and does not undertake to update the data from such sources after the date of this presentation.

Trademarks

This presentation contains trademarks, service marks, trade names, and copyrights of Inseego, Nokia, and third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names, or copyrights in this presentation is not intended to, and does not imply, an endorsement or sponsorship by or of Inseego, Nokia, or any third party.

Confidential and proprietary 3

Company Overview

Proven in Wireless Broadband

Enterprise | Residential | Mobile

• Nearly three decades of wireless innovation

  Track record spanning multiple generations of wireless technology

• Broad wireless broadband portfolio

  Enterprise connectivity, residential FWA, mobile broadband and cloud software

• Deep operator relationships and expertise

  Purpose-built solutions developed, certified and commercialized with leading network operators

• Expanded global scale through Nokia FWA acquisition

Broader residential portfolio, international operator reach and ongoing strategic collaboration

Company Snapshot

ATHENS

Engineering

SAN DIEGO, CA

Corporate Headquarters, Engineering

AMSTERDAM

International Operations

BANGALORE

Engineering

Confidential and proprietary 6

Inseego is positioned to capture the next phase of wireless broadband growth

MARKET INFLECTION

FWA adoption continues to expand, while enterprise applications are opening significant new higher

value growth opportunities across branch connectivity, business continuity and primary broadband

With the recent acquisition of Nokia's FWA business and announced strategic partnership, Inseego can now address mobile, enterprise and residential use cases with one of the industry's broadest FWA portfolios

GLOBAL MARKET

REACH

Established relationships with major US carriers are now complemented by an

international operator business across Europe, the Middle East and Asia-Pacific

WESTERN

ALTERNATIVE

Increasing operator demand for trusted Western technology and diversified supply chains

further strengthens Inseego's competitive position

WHY IT MATTERS

Inseego finishes-out 2026 and drives toward 2027 with broader market exposure, a differentiated end-to-end

portfolio and the global commercial reach to participate in the next phase of FWA growth.

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Inseego & Nokia | Compelling Strategic Partnership

Inseego CEO Juho Sarvikas and Nokia CEO Justin Hotard

Pursuing FWA opportunities across Nokia's global operator relationships

Exploring opportunities in consumer and enterprise wireless broadband

Exploring joint innovation in wireless edge connectivity and carrier 5G monetization

First-year operating support as Inseego integrates the acquired FastMile FWA business

TRANSACTION TERMS ~11%

Nokia ownership of Inseego (~1.9m shares; excludes ~0.8m warrants at $4.26)

Cash equity investment in Inseego (Oct 1, 2026)

Cash engineering support payment from Nokia for first-year technology collaboration (paid Oct 15, 2026)

Up to $38m

Nokia's first-year support for the acquired FastMile business (capped & conditional)

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COMPREHENSIVE

SOLUTIONS

Portfolio spanning mobile, residential and enterprise wireless broadband enables operators to

address more customers and deployment scenarios with a single partner

DIFFERENTIATED WIRELESS

PERFORMANCE

Advanced RF, antenna and device design deliver connectivity across challenging environments

while improving deployment and subscriber experience

PROVEN OPERATOR-GRADE

EXECUTION

Deep expertise across certification, network integration, commercialization and lifecycle

management reduces complexity and execution risk

STRATEGIC OPERATOR

PARTNERSHIP

End-to-end collaboration from concept and optimization through launch and lifecycle management

enables solutions tailored to each operator's network and market

WHY IT MATTERS

Deep operator integration, proven execution and an expanded portfolio create durable customer relationships,

more ways to grow within accounts and a stronger positioning to capture wireless growth

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Tier-1 and national operators worldwide

Business and government customers

5G chipset partners

Representative customers and partners; not a complete list. Some enterprise and public-sector customers are served through carrier partners.

Confidential and proprietary 10

Market Opportunity

Wireless broadband is becoming a strategic growth engine for operators

As traditional mobile markets mature, FWA creates new monetization opportunities while technology advances and enterprise demand expand wireless into more customers, locations and use cases.

As traditional mobile markets mature, FWA enables operators to monetize existing spectrum and network investments across residential and enterprise broadband.

Business FWA now represents roughly 31% of all deployments1. This segment delivers higher ARPU and are 9x more efficient in spectrum use than consumers, strengthening operators' investment in this segment.

Higher capacity, improved reliability, better efficiency and intelligent network capabilities expand the applications where wireless can complement or replace wired connectivity. 5G drives today's opportunity whereas 5G Advanced and 6G extend the growth runway.

Wireless broadband is gaining share, growing from 11% today to 17% of broadband connections by 20302

Cloud applications, distributed operations and an increasingly digital business environment make network outages more costly, increasing demand for resilient primary and backup connectivity.

Enterprises are increasingly adopting multi-WAN architectures that intelligently combine wired, wireless and satellite connections to improve resiliency, performance and business continuity

WHAT IT MEANS FOR US

Inseego enables operators to capture this shift with a portfolio spanning residential FWA, enterprise FWA,

mobile broadband and intelligent multi-WAN connectivity.

Sources: 1 ABI Research 2 Ericsson Global fixed broadband market outlook

Confidential and proprietary

Global FWA growth expands Inseego's addressable opportunity

Global connections are forecast to nearly double as 5G becomes the predominant FWA technology

185m → 350m (~11% CAGR 2025-2031)

Global FWA connections, 2025-20311

83% of studied service providers offer FWA1

185m

51m

350m

2019 2025 2031F

71% of FWA providers offer service over 5G 1

Up from 57 one year earlier

175 providers now offer 5G FWA 1

WHAT IT MEANS FOR US

The acquired Nokia FWA business expands Inseego's global reach, operator relationships and residential

portfolio, positioning the company to capture growth across a nearly doubling FWA market.

Sources: 1 Ericsson Mobility Report, June 2026. 2031 figures are forecasts. Study based on retail packages offered by 304 service providers

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Three wireless broadband markets with different needs, served by one portfolio

~$11b

Estimated FWA and Mobile Hotspot

addressable market¹

350m

FWA connections forecast by 2031,

up from 185M in 20252

~35m

FWA devices expected to

ship in 20263

5G home broadband that complements or replaces fixed lines

Customers Operators worldwide, serving residential customers and SMB

Primary and backup connectivity for branches, retail and pop-up sites

Customers Operators and channel partners serving enterprises

Secure, portable 5G connectivity for people on the move

Customers Operators, enterprises and the public sector

Sources: ¹ Based on Dell'Oro and Inseego internal estimates; 2 Ericsson Mobility Report (June 2026); 3 Dell' Oro (December 2025)

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Our solutions

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What We Do

One portfolio for home, business and mobile broadband, managed from the cloud

FastMile indoor and outdoor 5G gateways and receivers for home broadband

Why we win Unparalleled 5G reach & performance; innovative self-install designs minimizing installation cost & complexity

Wavemaker 5G routers and SD-WAN for primary and backup business connectivity

Why we win Cloud managed enterprise-grade connectivity, bundled into the carrier offer; multi-link management across 5G, satellite & fiber

MiFi® 5G hotspots: portable, secure connectivity for people on the move

Why we win Cloud managed enterprise-grade connectivity

Inseego Connect, Inseego Subscribe and HomeOS device software

Why we win Zero-touch deployment, AI intelligence & fleet-wide control; Multi-WAN, security, compliance; business admin & operator console

Confidential and proprietary 16

Our Solutions | Fixed Wireless Access

Carrier-certified 5G broadband for homes and businesses: fast to deploy, cloud-managed and built to scale

Residential broadband

From the acquired Nokia business

• Indoor gateways and outdoor receivers, including mmWave

• Self-install designs that lower operators' cost to connect a home

• Deployed by operators across five regions

• Opportunity: bring the residential portfolio to existing US carrier relationships

  5G business router

  Enterprise FWA

  Led by US Tier-1 carriers

• Business 5G routers and SD-WAN, certified at all three US Tier-1 carriers

• Primary and backup connectivity for retail, branch and industrial sites

• Managed with Inseego Connect: zero-touch deployment and failover

• Next-generation FWA platform launching in early 2027

Confidential and proprietary 17

Our Solutions | Mobile Broadband

Secure, business-grade 5G connectivity anywhere, from the company that invented the mobile hotspot

Category innovator

Invented the MiFi® mobile hotspot in 2009 and launched the first 5G hotspot in 2019; MiFi PRO M4 named a top pick by 2026 NYT Wirecutter.

Market share leader

Inseego is consolidating a market leading position in the US, with MiFi PRO M4 launched with all three US Tier-1 carriers in 2026 and a new premium-tier awarded with a Tier-1 US carrier for the first-responder market in 2027

Built for business and public sector

Cloud-managed, secure connectivity for education, libraries, field teams and government. And easy to use for consumers on the go.

U.S.-designed and secure

US designed Critical IP

is US-owned

Confidential and proprietary

TAA

compliant

FIPS 140-3

certified

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Our Solutions | Software & Services

Connect manages devices for enterprises; Subscribe helps carriers sell and manage enterprise and government services

Centralized cloud platform for the enterprise wireless edge: zero-touch provisioning, multi-location management, real-time signal analytics and GPS asset tracking; Inseego Mobile app for guided installation

White-label SaaS platform carriers use to sell, manage and bill enterprise and government services, with their brand and customer relationship intact

WHY CUSTOMERS CHOOSE IT

Easier to deploy and manage

Connect: zero-touch provisioning, remote configuration and bulk firmware updates across device fleets

Plugs into existing systems

Connect and Subscribe: open APIs link to customers' billing, ordering and business systems, with no rip-and-replace

Secure and compliant

Connect: VPN, firewall and consistent device security. Subscribe: ISO 27001 and PCI certified, hosted on AWS GovCloud for government services

Confidential and proprietary 19

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Financial overview

Confidential and proprietary 20