IMMERSION CORP 3Q FY2026: Revenue $518.5M, EPS $(0.31) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.IMMERSION CORP reported its 3Q FY2026 results, showing revenue of $518.5M, a 10.1% increase from $471.3M in 3Q FY2025. However, the company faced a consolidated net loss of $10.1M, down from a net income of $43.2M in the previous year, resulting in a diluted EPS of $(0.31) compared to $0.73 in 3Q FY2025. Growth was driven by Barnes & Noble Education, with a shift towards digital sales impacting operational margins due to increased costs.
IMMERSION CORP reported third-quarter FY2026 results with revenue of $518.5M, a consolidated net loss of $10.1M and diluted EPS of $(0.31), reflecting revenue growth but an earnings decline versus the year-ago quarter.
Financial Highlights
- Revenue was $518.5M for 3Q FY2026, up from $471.3M in 3Q FY2025 (10.1% YoY).
- Net income was a consolidated net loss of $10.1M for 3Q FY2026, versus net income of $43.2M in 3Q FY2025 (down YoY).
- Diluted EPS was $(0.31) for 3Q FY2026, versus $0.73 in 3Q FY2025 (decline YoY).
Business Highlights
- Barnes & Noble Education (BNE) drove growth, with BNC First Day® adoption contributing to a 21% year-to-date revenue increase and helping lift consolidated revenue.
- Channel and mix shifted toward BNC First Day® and digital sales, increasing revenue predictability while changing cash timing.
- BNE operates 1,120 stores and virtual bookstores, leveraging established brands and campus relationships as part of Immersion's expanded footprint following the acquisition of a controlling interest on June 10, 2024.
- Operational margin dynamics were impacted as BNE's cost of sales rose to about 81–83% of revenue, driven by a lower mix of higher-margin general merchandise and markdowns from closed stores.
- Immersion now reports in two operating segments after the BNE acquisition, with integration and milestone activities ongoing.
Original SEC Filing: IMMERSION CORP [ IMMR ] - 10-Q - May. 01, 2026