AIOT Q2 FY2027 earnings: results, stock reaction and implied move

Reported results

Total revenue increased 4% to $115.7 million, compared to $111.7 million in the second quarter of fiscal 2026.
Services revenue increased 7% to $95.2 million, compared to $89.3 million in the second quarter of fiscal 2026.
Gross margin was 53%, compared to 56% in the second quarter of fiscal 2026.
GAAP net loss attributable to common stockholders was $6.9 million, compared to $4.3 million in the second quarter of fiscal 2026.
Non-GAAP Adjusted EBITDA was $24.9 million, compared to $24.8 million in the second quarter of fiscal 2026.
GAAP profit from operations was $1.4 million, compared to $4.2 million in the second quarter of fiscal 2026.

Fiscal 2027 revenue is expected to range from $468 million to $473 million.
Fiscal 2027 non-GAAP adjusted EBITDA is expected to range from $111 million to $114 million.
Fiscal 2027 non-GAAP free cash flow is expected to be approximately $20 million.
Fiscal 2027 weighted-average shares outstanding are expected to be approximately 136 million.
Fiscal 2027 interest expense is expected to be $27 million.
Fiscal 2027 taxes are expected to be $10 million.
Company expects to exit fiscal 2027 at a Q4 annualized revenue run rate of approximately $495 million, with a non-GAAP adjusted EBITDA margin of approximately 27%.

The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.