PowerFleet reports Q1 adjusted EPS 1c, consensus 3c

Reports Q1 revenue $104.1M, consensus $103.18M. “Q1 marked a strong start to FY26 as we delivered profitable growth ahead of expectations, anchored by a standout 6% sequential increase in services revenue,” said Steve Towe, CEO of Powerfleet (AIOT). “This performance underscores accelerating adoption of Unity’s AI-driven SaaS solutions and validates the long-term value we’re creating as we transition deeper into a recurring, high-margin business model.” “Our AI Video annual recurring revenue (ARR) bookings grew 52% quarter-over-quarter, reflecting robust market demand, particularly through our major indirect channel partners.” Towe continued. “We also achieved a 14% sequential increase in new logo wins, alongside six-figure ARR deals across 11 diverse industry sectors – clear indicators that our growth engine is scaling efficiently across verticals.”