PowerFleet (NASDAQ:AIOT) Issues Earnings Results

Posted by on Aug 11th, 2026

PowerFleet (NASDAQ:AIOT – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01, FiscalAI reports. The business had revenue of $110.79 million during the quarter, compared to analyst estimates of $115.54 million. PowerFleet had a negative return on equity of 1.33% and a negative net margin of 4.63%.

Here are the key takeaways from PowerFleet’s conference call:

  • South African contract demand accelerated sharply, with more than $27 million in near-term ARR and over 70,000 vehicle installations currently planned, potentially rising to 80,000–90,000 over the next several quarters. The opportunity could cover roughly 150,000 vehicles and create additional cross-sell potential.
  • Customer momentum broadened across regions and industries, including a multimillion-dollar European construction win, multiple North American enterprise expansions, 12 Fortune 500 onsite expansions, and 20% sequential growth in AI Video bookings.
  • Fiscal 2027 guidance was reduced to $468 million–$473 million of revenue and $111 million–$114 million of adjusted EBITDA, from $485 million–$490 million and $122 million–$125 million previously. Management attributed the reduction primarily to deliberately foregoing non-strategic South African revenue and related one-time costs.
  • First-quarter revenue rose 6.4% to $110.8 million, while adjusted EBITDA increased to $21.5 million and adjusted EBITDA margin reached 19.4%; services revenue grew 9.1% and services gross margin expanded to 61.1%.
  • A component compatibility issue delayed approximately $3.2 million of product revenue, contributing to lower product revenue and a 21.3% product gross margin. Production is being restored, but some revenue may shift from the second quarter into the third quarter, with recovery expected within the fiscal year.

PowerFleet Stock Down 30.6%

Shares of NASDAQ AIOT opened at $3.06 on Tuesday. The business has a 50-day moving average of $4.05 and a two-hundred day moving average of $3.76. The company has a market capitalization of $410.73 million, a price-to-earnings ratio of -19.12 and a beta of 1.43. PowerFleet has a 1 year low of $2.78 and a 1 year high of $5.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.13 and a quick ratio of 0.99.

Analyst Ratings Changes

Several research firms have weighed in on AIOT. UBS Group set a $7.00 target price on PowerFleet in a research report on Tuesday, June 16th. Raymond James Financial cut shares of PowerFleet from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Barrington Research set a $10.00 price objective on shares of PowerFleet in a report on Monday. Wall Street Zen raised shares of PowerFleet from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered shares of PowerFleet from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PowerFleet has a consensus rating of “Hold” and a consensus target price of $8.00.

Check Out Our Latest Analysis on PowerFleet

Institutional Investors Weigh In On PowerFleet

Several hedge funds and other institutional investors have recently made changes to their positions in AIOT. Mercer Global Advisors Inc. ADV purchased a new stake in PowerFleet during the fourth quarter worth approximately $63,000. Stoic Point Capital Management LLC acquired a new stake in PowerFleet during the fourth quarter worth approximately $3,671,000. Private Capital Management LLC raised its holdings in PowerFleet by 3.1% during the fourth quarter. Private Capital Management LLC now owns 7,584,853 shares of the company’s stock worth $40,351,000 after purchasing an additional 230,780 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of PowerFleet during the 4th quarter worth approximately $316,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of PowerFleet during the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

PowerFleet announced that its board has authorized a share buyback plan on Tuesday, June 30th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

PowerFleet Company Profile

(Get Free Report)

PowerFleet, Inc (NASDAQ: AIOT) develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company’s systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company’s hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.

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Earnings History for PowerFleet (NASDAQ:AIOT)

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