PowerFleet, Inc. (NASDAQ: AIOT) shares surged 5.13% on Tuesday during intraday trading, following the release of its Q3 2025 earnings report that showcased impressive financial performance and growth.

The company reported a 45% year-over-year increase in quarterly revenue to $106 million, driven by a 42% growth in product revenue and a 45% increase in service revenue. Adjusted EBITDA soared 77% to $22 million, reflecting strong profitability and operational efficiency. PowerFleet also secured $15 million in annualized cost synergies and raised its fiscal 2025 revenue and EBITDA guidance.

Analysts reacted positively to the results, with firms like Roth MKM, Northland Capital Markets, and Lake Street raising their price targets and reiterating Buy ratings. They cited factors such as strong organic service revenue growth, expansion of the company's solution portfolio, and strategic positioning as a global player in the logistics and transportation markets.