The IoT solutions provider projects 27% adjusted EBITDA margin as a South Africa contract drives growth in FY2027.
Powerfleet expects annualized Q4 FY2027 revenue of approximately $495 million, reflecting a 27% adjusted EBITDA margin. The company cited accelerating momentum and stronger-than-expected customer demand as key drivers behind the outlook.
Management highlighted a robust pipeline and a multimillion-dollar annual recurring revenue deal with a European-based customer. The South Africa contract ramp is also contributing to the revenue growth, reinforcing the company’s expansion strategy.
Shares of Powerfleet (AIOT) showed limited immediate reaction to the guidance update during the earnings call.