PowerFleet Stock Soars 13.44% on Strong Q1 Earnings

On August 11, 2025, PowerFleet's stock surged by 13.44% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

PowerFleet recently reported its fiscal first-quarter earnings, revealing a net loss of $10.2 million, or 8 cents per share. However, when adjusted for non-recurring costs, the company posted a profit of 1 cent per share. This performance was driven by strong revenue growth, with the company reporting $104.1 million in revenue, surpassing analyst estimates of $103.3 million.

In response to the strong quarterly performance, PowerFleet has raised its fiscal year 2026 revenue guidance to a range of $430 million to $440 million, up from the previous range of $420 million to $440 million. The company also maintained its annual adjusted EBITDA growth guidance of 45% to 55%, reflecting confidence in its future financial performance.

This positive outlook, coupled with the strong first-quarter results, has likely contributed to the recent surge in PowerFleet's stock price. Investors are optimistic about the company's ability to continue delivering strong financial performance and growth in the coming quarters.