AcquisitionsMay 7, 2026, 04:15 PM
Inseego to Acquire Nokia FWA Business; Q1 Revenue $34.3M
AI Summary
Inseego Corp. announced its Q1 2026 financial results, reporting $34.3 million in revenue and $1.8 million in Adjusted EBITDA, meeting guidance. The company also announced a transformational agreement to acquire Nokia's Fixed Wireless Access business, expected to close in Q4 2026, which is projected to double Inseego's revenue. This acquisition includes Nokia receiving an approximately 11% equity stake in Inseego and plans for joint go-to-market initiatives in 6G and wireless edge. Inseego provided Q2 2026 revenue guidance of $36.5 million to $43.5 million and full-year 2026 revenue guidance of approximately $190 million.
Key Highlights
- Inseego to acquire Nokia's Fixed Wireless Access business, expected to close in Q4 2026.
- Nokia FWA acquisition expected to double Inseego's revenue, based on $200M annualized run rate.
- Nokia to receive ~7% equity stake ($20M value) and make $10M cash investment for ~11% total ownership.
- Q1 2026 total revenue was $34.3 million, an 8.4% increase year-over-year.
- Q1 2026 Adjusted EBITDA was $1.8 million; GAAP Net Loss was $4.5 million.
- Q1 2026 GAAP gross margin was 48.3%, marking the fifth consecutive quarter above 40%.
- Secured new wins with U.S. Tier-1 carriers for 4th generation FWA device and value-tier MiFi device.
- Q2 2026 revenue guidance is $36.5 million to $43.5 million; full-year 2026 revenue guidance is ~$190 million.
Price Impact
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