PowerFleet, Inc. (AIOT) Delivers Record Revenue and Profit Growth
PowerFleet, Inc. (NASDAQ: AIOT) reported record revenue and profit growth for the third quarter of fiscal 2026, with total revenue increasing 7% to $113.5 million and an operating profit of $6.3 million, up from a loss. The company's services revenue saw an 11% increase due to strong recurring revenue growth, and adjusted EBITDA rose 26% year-over-year. PowerFleet also updated its full-year revenue guidance to a range of $440 million to $445 million.
Analysts Are Bullish on These Technology Stocks: Powerfleet (AIOT), Rigetti Computing (RGTI)
This article highlights bullish analyst sentiments for several technology stocks, including Powerfleet (AIOT) and Rigetti Computing (RGTI). Powerfleet received a "Strong Buy" consensus with a significant upside, while Rigetti Computing garnered a "Moderate Buy" consensus. Porch Group (PRCH) also received a "Strong Buy" rating with a considerable price target upside.
Analysts Are Bullish on These Technology Stocks: Powerfleet (AIOT), Rigetti Computing (RGTI)
The article highlights bullish sentiments from financial analysts regarding technology stocks Powerfleet (AIOT) and Rigetti Computing (RGTI), as well as Porch Group (PRCH). Analysts from Barrington, Wedbush, and B. Riley Securities have maintained Buy ratings on these companies, citing significant upside potential based on their target prices. The report details specific price targets, analyst ratings, and success rates for each stock.
PowerFleet (NASDAQ:AIOT) Trading Up 8.5% - Here's What Happened
PowerFleet (NASDAQ:AIOT) shares trading up 8.5% on Friday. The company recently reported Q4 earnings, missing EPS estimates but beating revenue expectations. Analysts have a "Moderate Buy" consensus rating with a target price of $10.33, and institutional investors have significantly increased their stakes in the company.
From loss to profit: Powerfleet’s $113.5M quarter and new AI fleet deal
Powerfleet (Nasdaq: AIOT) reported strong Q3 FY2026 results, achieving a record $113.5 million in total revenue and an 11% year-over-year increase in services revenue to $91.1 million. The company's GAAP operating income reached $6.3 million, a significant improvement from a prior-year loss, and adjusted EBITDA grew 26% to $25.7 million. Powerfleet also secured a substantial public-sector contract in South Africa for AI video and visibility services for over 100,000 assets, leading to tightened full-year revenue guidance and anticipated adjusted EBITDA growth of approximately 45%.
PowerFleet, Inc. (NASDAQ:AIOT) Looks Inexpensive After Falling 28% But Perhaps Not Attractive Enough
PowerFleet's shares have dropped 28% in the last month and 49% over the past year, leading to a low price-to-sales (P/S) ratio of 1.2x compared to the Electronic industry average. Despite strong past revenue growth of 48% last year, analysts forecast significantly lower growth of 9.2% for the next year, which is below the industry average. This anticipates limited future growth is a key factor contributing to its low P/S ratio, indicating it might not be a compelling buy.
PowerFleet, Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
PowerFleet, Inc. (NASDAQ:AIOT) reported a surprise statutory loss of US$0.03 per share and revenues of US$113m, missing analyst expectations for profit. Following these results, analysts have reduced their earnings per share estimates for 2027 to US$0.078, down from US$0.14, while revenue forecasts remained largely unchanged at US$482.7m. Despite the cut in EPS estimates, the consensus price target for PowerFleet remained at US$10.67, indicating analysts believe the earnings decline will not significantly impact its valuation.
Powerfleet shares jump after Q3 results show recurring revenue growth, margin expansion
Powerfleet Inc. (Nasdaq: AIOT) saw its shares rise after reporting record Q3 fiscal 2026 results. The company experienced significant recurring revenue growth and margin expansion, with total revenue up 7% to $113.5 million and adjusted EBITDA climbing 26% to $25.7 million. Powerfleet also secured a landmark contract in South Africa, reinforcing its transition towards a SaaS-and-services model and reiterating strong financial targets for the year-end.
Powerfleet Secures Major Public Sector Contract for South Africa Government Fleets
Powerfleet has been awarded a significant public sector contract to provide integrated video intelligence and real-time fleet visibility for over 100,000 South African government vehicles. This five-year agreement, a major deployment in Powerfleet's history, is expected to generate substantial recurring SaaS and services revenue. The contract also strengthens Powerfleet's partnership with MTN, which will support nationwide delivery through secure connectivity.
Powerfleet (Nasdaq: AIOT) grows revenue and narrows loss in Q3
Powerfleet (Nasdaq: AIOT) reported increased revenue and a narrower net loss for the quarter and nine months ended December 31, 2025, driven by growth in services revenue following its MiX Combination and FC Acquisition. Despite ongoing restructuring costs and significant interest expenses, the company saw a positive operating income for the quarter and improved operating cash flow for the nine-month period. Powerfleet continues to integrate acquired businesses, streamline operations, and manage substantial long-term debt while maintaining sufficient liquidity.
PowerFleet outlines 10%+ recurring revenue growth target as landmark South African contract drives scale
This is just a placeholder, as the article content was not provided. A summary cannot be generated without the actual text of the article.
PowerFleet: Third Quarter Financial Results Overview
PowerFleet reported a net loss of $3.4 million for its fiscal third quarter, or -$0.03 per share, but adjusted earnings per share were $0.02, exceeding analyst expectations. The company's revenue reached $113.5 million, also surpassing estimates. PowerFleet anticipates its annual revenue will be between $440 million and $445 million.
Powerfleet Reports Robust Q3 Recurring Revenue Growth With 11% Year-Over-Year Increase in Services Revenue
Powerfleet reported strong financial results for Q3 FY26, with total revenue increasing 7% year-over-year to $113.5 million and services revenue up 11% to $91.1 million. The company achieved an operating profit of $6.3 million, a significant improvement from an operating loss in the prior year, and Adjusted EBITDA rose by 26% to $25.7 million. Powerfleet also announced securing a major South Africa public sector contract for AI video and visibility services, influencing its updated full-year 2026 financial outlook.
PowerFleet Launches In-Cab Video Solution
PowerFleet has introduced Vista, an AI-powered in-vehicle video solution designed to enhance fleet safety by analyzing and managing risky driving situations. Vista provides real-time, high-definition video from road and driver-facing cameras, offering features like automatic detection of unsafe conditions, real-time driver audio feedback, and event-based notifications for critical driving behaviors. This technology aims to bolster safety programs, exonerate drivers, prevent accidents, and reduce insurance costs.
Does PowerFleet (NASDAQ:AIOT) Have A Healthy Balance Sheet?
PowerFleet's balance sheet shows increasing debt, with net debt at US$247.2m as of September 2025. While the company's market capitalization of US$657.4m provides a buffer against its US$337.0m deficit in short-term assets versus liabilities, its low interest cover of 1.3 times and negative free cash flow raise concerns about its financial leverage and ability to service debt. The article suggests that while EBIT improved, the company's reliance on debt poses risks.
Does PowerFleet (NASDAQ:AIOT) Have A Healthy Balance Sheet?
PowerFleet, Inc. (NASDAQ:AIOT) carries a significant debt load, with net debt around US$247.2m against US$27.9m in cash as of September 2025. While the company's market capitalization of US$657.4m suggests it could potentially raise capital to address its liabilities, its interest cover of 1.3 times indicates high leverage, and it has experienced substantial negative free cash flow. This assessment suggests that PowerFleet's debt levels present risks despite a positive EBIT in the last year.
Analysts Offer Insights on Technology Companies: Powerfleet (AIOT) and Lumentum Holdings (LITE)
Craig-Hallum analysts, Anthony Stoss and Richard Shannon, have issued Buy ratings for Powerfleet (AIOT) and Lumentum Holdings (LITE) respectively, expressing optimism for the Technology sector. Stoss maintains a positive outlook on Powerfleet, which has a Strong Buy consensus rating, while Shannon reiterates a Buy rating for Lumentum, noting a Moderate Buy consensus despite a negative price target consensus.
Powerfleet Appoints Andrew Martin as New Board Chairman
Powerfleet has appointed Andrew Martin as the new Chairman of its Board, effective immediately, following the resignation of Michael Brodsky. Martin, a board member since 2024, brings extensive experience to the role, signaling continuity in the company's strategic direction and growth ambitions. Analysts currently rate AIOT stock as a Hold with a price target of $5.50, while TipRanks' AI Analyst Spark views it as Neutral due to mixed fundamentals.
Powerfleet appoints Andrew Martin as new chairman By Investing.com
Powerfleet, Inc. has appointed Andrew Martin as the new Chairman of its Board of Directors, succeeding Michael Brodsky. Martin, who joined the board in 2024, brings significant experience in finance, technology, and governance. This leadership transition occurs shortly before the company's next earnings report and follows recent positive developments, including a major contract win in South Africa and strong financial performance highlighted by William Blair.
PowerFleet (AIOT) expected to beat earnings estimates: What to know ahead of Q3 release
PowerFleet (AIOT) is anticipated to surpass its third-quarter earnings estimates. The company's Earnings ESP, combined with a Zacks Rank of #3 (Hold) or better, indicates a high probability of an earnings beat. Investors will be watching key metrics such as revenue, gross margin, and subscriber growth for insights into the company's performance.
Andrew Martin takes helm of Powerfleet's board as Brodsky departs
Powerfleet (Nasdaq: AIOT) has announced that Andrew Martin has been appointed as the new Chairman of its Board of Directors, effective February 3, 2026. Michael Brodsky, who served on the board for 12 years, has stepped down. Martin brings extensive experience in the investor community, technology, business strategy, and public company governance, having been on the board since 2024.
Powerfleet Announces Andrew Martin as New Chairman
Powerfleet, Inc. announced Andrew Martin as its new Chairman, effective immediately. Martin has served on Powerfleet's Board since 2024 and brings extensive experience in the investor community, technology, business strategy, and public company governance. This transition follows Michael Brodsky's departure after 12 years of service on the Board.
PowerFleet (AIOT) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
PowerFleet (AIOT) is expected to report a year-over-year increase in earnings and higher revenues for the quarter ended December 2025, with an expected earnings release on February 9. The company's Zacks Earnings ESP of +350.00% combined with a Zacks Rank of #3 suggests a high probability of beating the consensus EPS estimate. However, investors should be aware that the company has not beaten consensus EPS estimates in any of the last four quarters.
Powerfleet Directors See Changes in Beneficial Ownership
This article reports on recent changes in beneficial ownership among the directors of Powerfleet, including a significant increase in shares for one director and a decrease for another. These transactions indicate shifting ownership stakes among the company's leadership.
PowerFleet (AIOT) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
PowerFleet (AIOT) is expected to surpass its Q3 earnings estimates, with Wall Street anticipating a year-over-year increase in earnings and higher revenues for the quarter ending December 2025. The company's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +350.00% and a Zacks Rank of #3, indicating a likely earnings beat. However, investors are cautioned to consider other factors as the company has not beaten consensus EPS estimates in the last four quarters.
PowerFleet (AIOT) Projected to Post Earnings on Monday
PowerFleet (NASDAQ:AIOT) is expected to report its Q3 2026 earnings before market open on Monday, February 9th, with analysts projecting $0.035 EPS and $111.691 million in revenue. The company previously reported $0.02 EPS and $111.68 million in revenue, exceeding expectations. PowerFleet currently holds a "Moderate Buy" consensus rating with an average target price of $10.50, and 73.40% institutional ownership.
PowerFleet, Inc. (NASDAQ:AIOT) Receives Average Recommendation of "Moderate Buy" from Brokerages
PowerFleet, Inc. (NASDAQ:AIOT) has received a consensus "Moderate Buy" rating from seven analysts, with an average 12-month price target of $10.50. The company reported quarterly earnings that met estimates and revenue that beat consensus, though it remains unprofitable. Institutional investors hold approximately 73.4% of the stock.
Powerfleet Sets Third Quarter Fiscal 2026 Conference Call for Monday, February 9, 2026, at 8:30 a.m. ET
Powerfleet, Inc. (Nasdaq: AIOT) will host a conference call on Monday, February 9, 2026, at 8:30 a.m. ET to discuss its third quarter fiscal 2026 results. Financial results will be released via press release before the call. The call will include management's presentation and a Q&A session.
Powerfleet schedules Feb. 9 call on latest quarterly results
Powerfleet (Nasdaq: AIOT) has announced it will hold a conference call on Monday, February 9, 2026, at 8:30 a.m. ET to discuss its third-quarter fiscal 2026 results for the period ended December 31, 2026. Financial results will be released in a press release before the call, and management will host a presentation followed by a Q&A session. Dial-in details and a link for replay will be available via the investor section of their website.
PowerFleet named a 2026 Top Pick at Northland
Northland has named PowerFleet (AIOT) as a Top Pick for 2026, citing the company's strong execution of its post-combination strategy. The firm highlights sustainable momentum from new logo wins, AI Video growth, cross-sell success, and expansion in the indirect telco channel, believing the stock is currently undervalued and due for a re-rating. An analyst from Northland maintains an Outperform rating and a $10 price target on PowerFleet shares.
Powerfleet to Attend the 28th Annual Needham Growth Conference
Powerfleet, Inc. (Nasdaq: AIOT) announced that its management is scheduled to attend the 28th Annual Needham Growth Conference on January 15, 2026. The company will meet with investors to discuss its AIoT platform, financial performance, and strategy for shareholder value. Powerfleet is a global leader in AIoT software-as-a-service (SaaS) for the mobile asset industry.
PowerFleet, Inc. (NASDAQ:AIOT) Given Consensus Rating of "Moderate Buy" by Analysts
PowerFleet, Inc. (NASDAQ:AIOT) has received a "Moderate Buy" consensus rating from analysts, with an average one-year target price of $10.50. The company matched EPS estimates and beat revenue in its last quarter, but remains unprofitable. Shares are currently trading at $5.59, and institutional investors own a significant portion of its stock.
AIOT Analyst Rating Maintained at 'Outperform' by Barrington Res
Barrington Research has maintained its 'Outperform' rating for PowerFleet (AIOT), with analyst Gary Prestopino keeping the price target steady at $15.00 USD. This consistent rating reflects the firm's ongoing confidence in PowerFleet's market performance. Wall Street analysts forecast an average target price of $10.67 for AIOT, implying a significant upside from its current price, despite GuruFocus' estimated fair value suggesting a potential downside.
PowerFleet (NASDAQ:AIOT) Given "Outperform" Rating at Barrington Research
Barrington Research has reissued an "Outperform" rating for PowerFleet (NASDAQ:AIOT) with a $15 price target, indicating a potential 180% upside from its current share price of $5.37. Despite mixed analyst coverage, the company has a consensus "Moderate Buy" rating and an average target price of $10.50. PowerFleet surpassed revenue estimates in its last quarter but remains unprofitable, though institutional investors have actively traded its shares.
Powerfleet Files Notification of Late Filing for Transition Report
Powerfleet has filed a Notification of Late Filing (Form NT 10-K) for its transition report, indicating that it will not be able to file its Annual Report on Form 10-K within the prescribed period. This delay is due to the company's change in fiscal year end and ongoing work to finalize its financial statements with its independent registered public accounting firm. The company anticipates filing the report within the 15-day extension period.
Kopion Asset Management LLC Buys 783,501 Shares of PowerFleet, Inc. $AIOT
Kopion Asset Management LLC significantly increased its stake in PowerFleet, Inc. (NASDAQ:AIOT) by 101.7% in the third quarter, purchasing 783,501 additional shares to hold a total of 1,553,700 shares. This makes PowerFleet the ninth-largest holding for Kopion, representing about 5.3% of its portfolio. The article also highlights strong institutional interest in AIOT, with other major funds like Vanguard and Charles Schwab increasing their positions, and provides an overview of analyst ratings and recent financial performance.
Powerfleet subsidiary secures South African government fleet contract
Powerfleet, Inc. (NASDAQ:AIOT) announced that its subsidiary, MiX Telematics Enterprise Proprietary Limited, has secured a 60-month contract with the National Treasury of South Africa for vehicle fleet management services. The contract, expected to begin in Q2 2026, involves solutions including video and driver management. Despite current losses, analysts project profitability for AIOT this year, as the company continues to enhance its market position and operational capabilities.
Powerfleet Secures South African Fleet Management Contract
Powerfleet's subsidiary has been awarded a fleet management contract by South Africa's National Treasury. The contract, which includes video, visibility, and driver management solutions, is for a sixty-month service period starting in Q2 2026. Details are still pending finalization of certain terms.
Powerfleet subsidiary secures South African government fleet contract
Powerfleet, Inc.'s subsidiary, MiX Telematics Enterprise Proprietary Limited, has secured a 60-month contract with the National Treasury of South Africa to provide vehicle fleet management services, including video, visibility, and driver management. The contract is expected to begin in Q2 2026, with further details pending finalization. This news follows recent reports of PowerFleet's strong Q2 results, analyst reiteration of Outperform rating, and a new Chief Revenue Officer appointment.
Powerfleet Wins Major South African Government Fleet Contract
Powerfleet's (AIOT) subsidiary MiX Telematics has secured a five-year contract with the South African government for fleet management services, including video, visibility, and driver management solutions. This significant national deal, expected to commence in Q2 2026, strengthens Powerfleet's market presence and operational scale in government telematics. While the company exhibits strong revenue growth and positive technical indicators, its profitability challenges and negative P/E ratio result in a "Neutral" rating from TipRanks' AI Analyst, Spark.
PowerFleet, Inc. $AIOT Shares Sold by AYAL Capital Advisors Ltd
AYAL Capital Advisors Ltd significantly reduced its stake in PowerFleet, Inc. (NASDAQ:AIOT) by 62.0% in Q2, selling over 530,000 shares but still retaining a holding worth $1.41 million. Despite this sale and the company's unprofitability, analyst sentiment remains moderately positive with an average "Moderate Buy" rating and a target price of $10.50. PowerFleet surpassed revenue expectations in its latest quarter, though earnings per share met consensus.
Why PowerFleet's Q2 Revenue Surge and Analyst Support Highlight Strong Upside Potential
PowerFleet Inc. (NASDAQ: AIOT) has seen significant analyst support with a consensus Buy rating and an 81% potential upside based on a $9.50 median price target. The company reported strong Q2 FY26 results with a 45% year-over-year revenue increase and raised its FY26 revenue guidance, driven by double-digit organic recurring revenue growth and expanding momentum in its AI-powered SaaS solutions. Despite a net loss, management highlighted meaningful bottom-line leverage and scalable SaaS execution, suggesting a strong foundation for future growth.
Voss Capital LP Purchases 2,838,900 Shares of PowerFleet, Inc. $AIOT
Voss Capital LP significantly increased its stake in PowerFleet, Inc. (NASDAQ:AIOT) by 104.3% in the second quarter, acquiring an additional 2,838,900 shares, bringing their total to 5,559,491 shares. This makes PowerFleet the 19th largest position in Voss Capital LP's portfolio, representing 1.7% of their total investments. Other institutional investors like CenterBook Partners LP, Private Management Group Inc., Nuveen LLC, and Lord Abbett & CO. LLC also either increased their holdings or opened new positions in PowerFleet, contributing to institutional investors owning 73.40% of the company's stock.
10 Best Logistics-Tech Stocks to Buy Now
PowerFleet, Inc. (NASDAQ: AIOT) is highlighted as a top logistics-tech stock, holding a consensus "Buy" rating from analysts. Despite a year-to-date decline, the company shows significant potential with a median price target of $9.50 and strong Q2 FY26 results, including a 45% year-over-year revenue increase. The company's focus on AI-powered SaaS solutions and recurring revenue growth positions it for future upside.
Several Insiders Invested In PowerFleet Flagging Positive News
Several insiders have recently bought shares in PowerFleet, Inc. (NASDAQ:AIOT), sending a positive signal to shareholders. While CEO Steve Towe's significant purchase was at a lower price than current market value, the overall insider owning 6.2% of the company suggests alignment with shareholder interests. This insider buying activity, coupled with no recent selling, indicates a potentially optimistic outlook for PowerFleet.
Can PowerFleet Stock Hold Up When Markets Turn?
This article from Trefis asks whether PowerFleet stock is resilient enough to withstand a market downturn. It appears to be a stub or a placeholder for a more in-depth analysis that would typically include financial market data and consensus EPS estimates. The current content primarily outlines interactive model limitations and legal disclaimers.
Powerfleet (Nasdaq: AIOT) schedules December talks at Raymond James and Northland conferences
Powerfleet (NASDAQ: AIOT) announced that its management will attend two investor conferences in December 2025: the Raymond James 2025 TMT and Consumer Conference on December 9, 2025, and the Northland Growth Conference 2025 on December 16, 2025. The company plans to discuss its scaled AIoT platform, financial performance, and roadmap to shareholder value. A webcast of the Raymond James presentation will be available for investors.
Barrington Research Maintains PowerFleet (AIOT) Outperform Recommendation
Barrington Research has maintained its "Outperform" recommendation for PowerFleet (AIOT), with an average one-year price target of $10.88/share, suggesting a potential 131.49% upside. This outlook is supported by increased institutional ownership, with 347 funds reporting positions, and a bullish put/call ratio of 0.04. Major shareholders like Private Capital Management and Disciplined Growth Investors continue to hold significant stakes.
Shareholders May Not Overlook PowerFleet Insiders Selling US$1.8m In Stock
PowerFleet's stock recently rose 13%, but company insiders who sold US$1.8 million worth of shares over the past year at an average price of US$6.83 are likely in a better financial position as the current price is lower. The Chief Customer Officer was the sole individual insider seller, offloading US$1.8 million worth of shares, but this sale occurred at a price higher than the current market value. While insiders own 6.2% of the company, the recent lack of insider transactions and the significant selling activity suggest investors should carefully consider the implications.
PowerFleet Inc. (AIOT) Achieves Robust Organic Growth Despite Wide Net Loss
PowerFleet Inc. (NASDAQ: AIOT) achieved record revenue of $111.7 million, a 45% increase year-over-year, driven by strong organic services growth and expanded adoption of its AIoT platform. Despite this robust growth, the company reported a wider-than-expected net loss of $4.3 million, attributed to higher interest expenses and non-cash amortization. William Blair reiterated an Outperform rating on the stock, noting strong product revenue and solid sequential margin expansion.
