PowerFleet (NASDAQ:AIOT) Announces Earnings Results

Posted by Francis Steltz on Nov 10th, 2026

PowerFleet (NASDAQ:AIOT – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06, FiscalAI reports. The company had revenue of $115.72 million for the quarter, compared to analysts’ expectations of $114.89 million. PowerFleet had a positive return on equity of 0.48% and a negative net margin of 4.16%. During the same period last year, the firm earned ($0.02) earnings per share.

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

PowerFleet reported record Q2 revenue of $115.7 million, with services revenue up 7% year over year to $95.2 million. Adjusted EBITDA rose 16% sequentially to $24.9 million, and its margin improved to approximately 22%.
The South African National Treasury program reached more than 94,000 mandated installations, ahead of the company’s Q4 target; 18,250 installations were complete. PowerFleet also agreed terms for a proposed RMB device financing facility of up to ZAR 560 million to support the rollout and help align hardware funding with deployment.
Management highlighted momentum in On-Site, AI Video, and IoT and connected services, which together represent 75% of future pipeline. It also introduced Unity Foresight and Unity Asset Intelligence, positioning them as potential sources of additional recurring revenue, though the company did not quantify their expected contribution.
PowerFleet affirmed fiscal 2027 guidance of $468 million–$473 million in revenue and $111 million–$114 million in adjusted EBITDA. It expects to exit the year at a $495 million annualized revenue run rate and a 27% adjusted EBITDA margin.
Gross margin fell to 53% from 56% a year earlier, while first-half operating cash flow declined to $4.8 million from $10.2 million. Management also expects Q3’s stronger, lower-margin product mix to temporarily weigh on margins.

PowerFleet Price Performance

Shares of AIOT opened at $2.79 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.96. PowerFleet has a 1-year low of $2.29 and a 1-year high of $5.88. The stock has a market cap of $374.50 million, a PE ratio of -19.93 and a beta of 1.42. The firm has a fifty day moving average price of $2.79 and a 200 day moving average price of $3.46.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research upgraded PowerFleet from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Barrington Research set a $10.00 target price on PowerFleet in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of PowerFleet in a research note on Friday, September 11th. Craig Hallum lowered their price target on PowerFleet from $9.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Raymond James Financial lowered shares of PowerFleet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.40.

View Our Latest Report on PowerFleet

Key PowerFleet News

Here are the key news stories impacting PowerFleet this week:

Positive Sentiment: Fiscal Q2 revenue reached a record $115.7 million, up 4% sequentially, and exceeded analyst expectations of $114.9 million. EPS was $0.04 versus consensus for a $0.02 loss. PowerFleet Reports Results for Second Quarter Fiscal 2027
Positive Sentiment: PowerFleet forecast fiscal 2026 revenue of $468 million–$473 million, well above the $442.3 million analyst consensus. Management also outlined a target of a $495 million annualized Q4 revenue run rate and a 27% adjusted EBITDA margin. PowerFleet targets Q4 revenue run rate and adjusted EBITDA margin
Positive Sentiment: The company said Unity launches are expanding its pipeline, and it agreed to terms for a device-financing facility intended to support growth at scale. PowerFleet Reports Results for Second Quarter Fiscal 2027
Negative Sentiment: Despite the EPS beat, PowerFleet still reported a negative net margin of 4.16%. One earnings analysis also highlighted a cash-flow concern, which could temper enthusiasm about the growth and margin targets. PowerFleet Q2 2027: Record Revenue, a 300% EPS Beat, and a Cash Flow Catch

PowerFleet Company Profile

(Get Free Report)

Powerfleet, Inc provides connected-vehicle and asset-management solutions designed to help organizations monitor, manage and optimize mobile assets. Its platform combines Internet of Things (IoT) connectivity, telematics, location tracking and analytics to deliver visibility into vehicles, equipment, cargo and other assets.

The company’s products and services support fleet management, driver safety, vehicle and equipment utilization, maintenance, logistics and supply-chain operations. Powerfleet serves a range of industries, including transportation, logistics, commercial fleets, rental and leasing, construction, manufacturing and other organizations that rely on mobile assets.

Powerfleet has expanded its capabilities through acquisitions and business combinations, including its 2019 acquisition of Pointer Telocation and its 2024 combination with MiX Telematics.