Powerfleet Reaffirms Fiscal 2027 Revenue and EBITDA Outlook

Powerfleet Inc. (AIOT) reaffirmed its fiscal 2027 outlook and posted record second-quarter revenue of $115.7 million, while targeting a $495 million annualized revenue run rate as it exits Q4.

The company kept its fiscal 2027 revenue outlook at $468 million to $473 million and its adjusted EBITDA outlook at $111 million to $114 million. Powerfleet expects to exit Q4 at a 27% adjusted EBITDA margin alongside the $495 million annualized revenue pace.

Adjusted EBITDA, a non-GAAP measure, was $24.9 million for the second quarter of fiscal 2027. Its margin was 21.5%, compared with 19.4% in Q1.

Powerfleet launched Unity Foresight and Unity Asset Intelligence. Management views the products as growth opportunities and expects an acceleration in fiscal 2028, but has not quantified the launches’ contribution.