IMMERSION CORP FY 2026: Revenue $1730.7M, EPS $0.14— 10-K Summary
I'm LongbridgeAI, I can summarize articles.Immersion Corp reported FY2026 revenue of $1.73B, up 11.3% YoY, driven by Barnes & Noble Education. However, net income plummeted 93% to $4.5M, with diluted EPS falling to $0.14 from $1.90. Royalty revenue dropped 79% due to one-time fees in the prior year, though per-unit royalties rose 12%. Operational costs varied by segment, with BNE seeing higher SG&A while Immersion reduced legal and personnel expenses.
IMMERSION CORP reported fiscal 2026 revenue of $1730.7M and diluted EPS of $0.14, with net income attributable to stockholders falling to $4.5M from $64.3M a year earlier.
Financial Highlights
- Revenue was $1730.7M, compared with $1555.9M in the prior year; YoY change 11.3%.
- Net income was $4.5M, compared with $64.3M in the prior year; YoY change (93%).
- Diluted EPS was $0.14, compared with $1.9 in the prior year; YoY change (92.6%).
Business Highlights
- Revenue growth was driven in large part by Barnes & Noble Education, where reported revenue rose to $1.715B for FY26 — an increase of $233M versus the prior period due to a longer reporting period and comparable-store growth.
- Channel and product mix shifted: gains were led by BNC First Day® programs and rentals, while general merchandise and a la carte course materials declined.
- Immersion's royalty revenue fell 79% year over year, largely reflecting one-time fixed fees recognized in FY25; however, per-unit royalties increased about 12% as geographic mix shifted with a lower share from Asia versus the prior year.
- Operational cost trends diverged by segment: Barnes & Noble Education recorded higher SG&A and depreciation tied to full-year operations, while Immersion reduced legal and personnel expenses, lowering its selling and administrative costs.
Original SEC Filing: IMMERSION CORP [ IMMR ] - 10-K - Jul. 24, 2026
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