PowerFleet shares rise 13.29% premarket after winning Frost & Sullivan award and reporting strong Q2 earnings with 45% revenue growth.

PowerFleet surged 13.29% in premarket trading following a strong Q2 2026 earnings report and industry recognition. The company reported a 45% year-over-year revenue increase to $111.7 million, with services revenue up 57%, and adjusted EBITDA rising 71% to $24.8 million. Management highlighted double-digit annual services recurring revenue growth achieved ahead of schedule, along with $30 million in annualized synergies from recent acquisitions. Additionally, PowerFleet’s Unity platform won the Frost & Sullivan 2025 North America Product Leadership Award, underscoring its AIoT innovation and market leadership. These results, combined with raised full-year revenue guidance to $435–$445 million, reinforced investor confidence in the company’s strategic execution and growth trajectory.