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Powerfleet (AIOT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 9, 2026
Powerfleet (AIOT) reported revenue of $113M for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and +2% from the quarter before. Operating margin was 5.6%, net loss $3.4M (3.0% of revenue).
Powerfleet, Q3 FY26: revenue $113M (+7% year over year), operating margin 5.6%, net loss $3.4M, operating cash flow $10.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | +2% | +7% |
| Operating profit | $6.3M | +50% | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | $10.2M | +85% | — |
| Free cash flow | $4.9M | +317% | — |
What changed
Revenue was $113.5M in Q3 FY26, up 7% year over year and up 2% from the previous quarter. Services was the largest line at 80% of revenue. Services added $9.3M year over year (up 11%), 132% of the total change. Products declined 9%.
Gross margin was 55.2%, unchanged from Q3 FY25. Operating profit was $6.3M, a 5.6% margin (up 6.8 points year over year). Operating expenses fell 6% while revenue rose 7%. The quarter ended with a net loss of $3.4M, narrower than the previous quarter's $4.3M loss. Net interest and other expense of $6.7M was the main reason.
Operating cash flow was $10.2M. Non-cash charges added back $15.9M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $5.3M left free cash flow of $4.9M.
Questions
What was Powerfleet's revenue in the third quarter fiscal 2026?
Powerfleet (AIOT) reported revenue of $113M for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and +2% from the quarter before.
Was Powerfleet profitable in the third quarter fiscal 2026?
Operating profit was $6.3M (5.6% of revenue) and net loss $3.4M.
Source: Powerfleet 10-Q on SEC EDGAR.