PowerFleet experienced a stock jump of more than 7 percent after reporting first‑quarter results that exceeded expectations. The company delivered adjusted earnings of $0.02 per share, beating analysts projecting breakeven, while revenue rose 42 percent year‑on‑year to $103.6 million—outpacing the consensus forecast.
CEO Steve Towe described the quarter as transformative, referencing the integration of two key acquisitions and strong momentum in the company’s recurring SaaS revenue, which now represents approximately 75 percent of total revenue. Adjusted EBITDA reached $71 million, a 65 percent increase year‑on‑year, with margins expanding by 500 basis points to 20 percent. The customer base grew to 2.8 million subscribers across 48,000 organizations, including over half of the Fortune 500.
PowerFleet ended the quarter with roughly $49 million in cash and a net debt position under $230 million. The firm raised its guidance, forecasting revenue growth of 20–25 percent and EBITDA expansion of 45–55 percent for fiscal 2026. Growth drivers include AI‑enabled analytics, expanded service offerings, and broader distribution partnerships.
PowerFleet’s earnings reinforce its transition into a high‑margin, software‑driven enterprise. Sustaining integration and subscriber momentum will be critical, but the firm appears well‑positioned in a rapidly evolving technology landscape where telemetry and asset management are increasingly essential.