Powerfleet, Inc.-Powerfleet Drives SaaS Flywheel in Q1 FY2026: 6% Sequential Services Growth, Margin Expansion, and Strong Progress Towards Achieving its EBITDA Expansion Targets

Adjusted EBITDA increased by 58% to $21.6 million, with adjusted EBITDA margin expanding 260 basis points to 21%. Gross profit increased year over year by$ 16.8 million to $56.5 million, with adjusted EBITDA gross margins expanding by 3% to 67%. The EBITDA expansion program delivered$ 11 million in annual savings exiting the first quarter of FY26, achieving 60% of the full-year target of $18 million. FY26 total revenue guidance raised to$ 430- $440 million from$ 420-$440 million. Quarterly services revenue j ...