Overview

* Powerfleet ( AIOT ) fiscal Q1 revenue rises 38% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EBITDA for fiscal Q1 increases 58%, reflecting margin expansion

* Co raises FY26 revenue guidance to $430-$440 mln, indicating growth confidence

Outlook

* Powerfleet ( AIOT ) raises FY26 revenue guidance to $430-$440 mln from $420-$440 mln

* Company maintains annual adjusted EBITDA growth guidance of 45% to 55%

* Powerfleet ( AIOT ) expects adjusted net debt to adj EBITDA ratio to improve from 3.2x as ofMarch 31, 2025, to below 2.25x by Mar 31, 2026

* Company highlights strong demand for AI-driven SaaS solutions

Result Drivers

* SERVICES REVENUE - Services revenue rose 53% yr/yr, now accounting for 83% of total revenue, driven by AI-driven SaaS solutions

* AI VIDEO BOOKINGS - AI Video ARR bookings grew 52% qtr/qtr, reflecting strong market demand through indirect channel partners

* STRATEGIC PARTNERSHIP - New partnership with MTN Group to white label solutions, supporting growth across 16 markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $104.10 $103.20

Revenue mln mln (6

Analysts

)

Q1 EPS Miss -$0.08 -$0.01

(6

Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for PowerFleet Inc ( AIOT ) is $9.00, about 57% above its August 8 closing price of $3.87

* The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 51 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)