Powerfleet Reports Fiscal Q2 2027 Revenue of $115.7 Million
Powerfleet reported record revenue of $115.7 million, up 4% sequentially, and operating profit of $1.4 million. It affirmed fiscal 2027 revenue guidance of $468 million to $473 million and adjusted EBITDA guidance of $111 million to $114 million.
Powerfleet reported record revenue of $115.7 million for the second quarter of fiscal 2027, representing 4% sequential growth. The company achieved a profit from operations of $1.4 million and highlighted momentum in its On-Site, AI Video, and IoT & Connected Services segments. Additionally, Powerfleet reached an agreement for a new device financing facility to support growth at scale, with future device investments expected to be largely funded through this facility. Management affirmed its previously issued fiscal 2027 guidance, projecting revenue between $468 million and $473 million and adjusted EBITDA between $111 million and $114 million.
The company expects performance to strengthen in the second half of the fiscal year, driven by service revenue growth and the South African National Treasury deployment.