{"id":907882,"date":"2025-11-10T19:29:45","date_gmt":"2025-11-11T00:29:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/powerfleet-reports-q2-fy26-financial-results-with-7-quarterly-sequential-increase-in-total-revenue\/"},"modified":"2025-11-10T19:29:45","modified_gmt":"2025-11-11T00:29:45","slug":"powerfleet-reports-q2-fy26-financial-results-with-7-quarterly-sequential-increase-in-total-revenue","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/powerfleet-reports-q2-fy26-financial-results-with-7-quarterly-sequential-increase-in-total-revenue\/","title":{"rendered":"Powerfleet Reports Q2 FY26 Financial Results with 7% Quarterly Sequential Increase in Total Revenue"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Total revenue of $111.7 million<\/span>, an increase of 45% in total and 9% organically year-over-year from $77.0M<\/span> in Q2 FY25.<\/i>\n <\/p>\n

\n Services revenue of $89.3 million<\/span>, an increase of 57% in total and 12% organically year-over-year from $56.7 million<\/span> in Q2 FY25.<\/i>\n <\/p>\n

\n Gross profit of $62.6 million<\/span>, an increase of 11% sequentially from $56.5 million<\/span> in Q1 FY26. <\/i>\n <\/p>\n

\n Raising FY26 total revenue guidance to $435<\/span>–$445 million<\/span> from $430<\/span>–$440 million<\/span>.<\/i>\n <\/p>\n

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\n WOODCLIFF LAKE, N.J.<\/span>
\n <\/span>, Nov. 10, 2025<\/span><\/span> \/PRNewswire\/ — Powerfleet, Inc.<\/b><\/a>\u00a0(“Powerfleet” or the “Company”) <\/b>(Nasdaq: AIOT) reported its financial results for the second quarter ended September 30, 2025<\/span>.<\/p>\n

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\n \"Powerfleet
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\n MANAGEMENT COMMENTARY:<\/b>\n <\/p>\n

“Q2 was a defining quarter for Powerfleet, marked by record revenue and strong performance across key financial and operational metrics,” said Steve Towe<\/span>, Chief Executive Officer of Powerfleet. “A quarterly sequential increase in total revenue of more than 7%, driven by expanding momentum in our AI-powered SaaS solutions and solid growth across our core global markets, is extremely encouraging.”<\/p>\n

“We achieved a key milestone \u2013 double-digit year-over-year organic annual recurring revenue growth \u2013 ahead of schedule, fueled by strong global traction across both direct and indirect channels, centered on our differentiated safety and compliance solutions,” Towe continued. “Strong product revenue with a sequential revenue improvement of 27%, as well as solid sequential margin expansion, highlight continued momentum and resilience amid evolving macroeconomic conditions. We also delivered clear leverage across the P&L, with the rapid realization of our synergy programs driving meaningful bottom-line strength.”<\/p>\n

“These results underscore the significant value creation opportunity ahead and establish a strong platform for sustained growth and future performance.”<\/p>\n

\n SECOND QUARTER FY2026 FINANCIAL METRICS:<\/b>\n <\/p>\n

Powerfleet’s second quarter results underscore the strength of its execution, with accelerating services revenue and strong momentum toward its adjusted EBITDA expansion targets.<\/p>\n

\n Second Quarter Fiscal 2026 Key GAAP Measures.<\/b>\n <\/p>\n