earnings
confidence high
sentiment positive
materiality 0.75
Powerfleet Q1: Services revenue up 6% sequentially; raises FY26 revenue guidance
Powerfleet, Inc.
2026-Q1 EPS reported
-$0.08
revenue$104,121,000
- Services revenue $86.5M (+6% seq, +53% YoY); record 83% of total revenue.
- Adjusted EBITDA $21.6M (+58% YoY); margin 21% (+260 bps).
- FY26 revenue guidance raised to $430-440M from $420-440M; EBITDA growth target 45-55% maintained.
- EBITDA expansion delivered $11M in savings (60% of $18M target).
- AI Video ARR bookings up 52% QoQ; new MTN Group strategic partnership.
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