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Powerfleet (AIOT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 10, 2025
Powerfleet (AIOT) reported revenue of $112M for the second quarter fiscal 2026 (Q2 FY26), +45% from a year earlier and +7% from the quarter before. Operating margin was 3.8%, net loss $4.3M (3.8% of revenue).
Powerfleet, Q2 FY26: revenue $112M (+45% year over year), operating margin 3.8%, net loss $4.3M, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112M | +7% | +45% |
| Operating profit | $4.2M | — | — |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | $5.5M | +17% | — |
| Free cash flow | $1.2M | — | — |
What changed
Revenue was $111.7M in Q2 FY26, up 45% year over year and up 7% from the previous quarter. Services was the largest line at 80% of revenue. Services added $32.6M year over year (up 57%), 94% of the total change.
Gross margin was 56.0%, up 2.4 points from a year earlier. Operating profit was $4.2M, a 3.8% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, above the 1% margin then. Operating expenses grew 43% against revenue growth of 45%. The fastest-growing cost line was SG&A (+45%). The quarter ended with a net loss of $4.3M, narrower than the previous quarter's $10.2M loss. Net interest and other expense of $7.3M was the main reason.
Operating cash flow was $5.5M. Non-cash charges added back $15.8M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $8.6M. Capital expenditures of $4.3M left free cash flow of $1.2M.
Questions
What was Powerfleet's revenue in the second quarter fiscal 2026?
Powerfleet (AIOT) reported revenue of $112M for the second quarter fiscal 2026 (Q2 FY26), +45% from a year earlier and +7% from the quarter before.
Was Powerfleet profitable in the second quarter fiscal 2026?
Operating profit was $4.2M (3.8% of revenue) and net loss $4.3M.
Source: Powerfleet 10-Q on SEC EDGAR.