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Inseego (INSG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Inseego (INSG) Q3 2026 earnings results →
Q3 2026 Revenue down 28% year over year to $33.3M · 24¢ of every $1 of revenue lost · operating margin -21.6%
Inseego made $33.3M in Q3 2026 (-28% Y/Y): Product $23.3M, Software services and other $10.0M. Operating margin -21.6%, net loss $8.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $33.3M in Q3 2026, down 28% year over year and down 24% from the previous quarter. Mobile solutions was the largest line at 57% of revenue. Fixed wireless access solutions lost $13.5M year over year (down 76%), 107% of the total change.
Gross margin was 33.3%, down 8.3 points from Q3 2025. Operating costs exceeded revenue by $7.2M, an operating margin of -21.6%. Operating expenses grew 8% against a revenue fall of 28%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $8.1M, narrower than the previous quarter's $8.4M loss.
Operating cash flow was $12.9M (up 306% year over year). Non-cash charges added back $2.4M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $16.2M. Capital expenditures of $70K left free cash flow of $12.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $33.3M | -28% | -21.6% | −$8.1M | $12.9M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $44.0M | +9% | -16.5% | −$8.4M | −$23.8M |
| Q1 2026 | 10-Q | May 8, 2026 | $34.3M | +8% | -10.4% | −$4.5M | $1.7M |
| Q4 2025 | 10-K | Feb 20, 2026 | $48.4M | +0.6% | 2.7% | $469K | $12.0M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $45.9M | -15% | 4.7% | $1.4M | $3.2M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $40.2M | -22% | 3.2% | $507K | −$4.5M |
| Q1 2025 | 10-Q | May 9, 2025 | $31.7M | -16% | -1.3% | −$1.6M | −$3.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- TMUS — 89% of its revenue · Stated in 10-K (sentence) · source
- VZ — 76% of its revenue · Stated in 10-K (sentence) · source
About Inseego
Inseego is a leader in the design and development of cloud-managed wireless wide area network (“WAN”) and intelligent edge solutions. Our 5G WAN portfolio is comprised of secure and high-performance mobile broadband and fixed wireless access (“FWA”) solutions with associated cloud solutions for real time WAN visibility, monitoring, automation and control with centralized orchestration of network functions. These devices are specifically built for the carrier, enterprise and small and medium business (“SMB”) market segments with a focus on performance, scalability, quality and enterprise grade security. We also provide a Communication Service Provider (“CSP”) subscriber lifecycle management SaaS solution for carriers’ management of their government and complex enterprise customer subscriptions.
In its own words, from its 10-K, filed Feb 20, 2026.
Inseego against its Communications Equipment, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -28% against the peers' median +5%. Operating margin: -21.6% against the peers' median 2.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| INSG Inseego | Q3 2026 | $33.3M | -28% | -21.6% |
| LITE Lumentum Holdings | Q1 FY27 | $1.3B | +136% | 28.5% |
| ESE ESCO Technologies | Q3 FY26 | $339M | +14% | 12.1% |
| AIOT Powerfleet | Q1 FY27 | $111M | +6% | 0.2% |
| TBCH Turtle Beach | Q3 2026 | $84.7M | +5% | 6.9% |
| NSSC Napco Security Technologies | Q1 FY27 | $50.0M | +2% | 28.2% |
| REKR Rekor Systems | Q2 2026 | $12.7M | +2% | 1.8% |
| TRCK Track Group | Q3 FY26 | $9.1M | -0.1% | 2.8% |
| KSCP Knightscope | Q2 2026 | $9.0M | +228% | -145.1% |
Source: Inseego 10-Q on SEC EDGAR · CIK 1022652 · Communications Equipment, NEC
Guidance and outlook
13F: who owns INSG and who is buying
More on INSG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Inseego guidance history: guided vs reported
- Inseego gross margin by quarter
- Inseego operating margin by quarter
- Inseego net income by quarter
- Inseego free cash flow by quarter
- Inseego R&D spending by quarter
- Inseego capital expenditures by quarter
- Inseego Product revenue by quarter
- Inseego Software services and other revenue by quarter