Revenue: As of FY2026 Q2, the actual value is USD 5.681 M, missing the estimate of USD 5.733 M.

EPS: As of FY2026 Q2, the actual value is USD -0.2, missing the estimate of USD -0.15.

EBIT: As of FY2026 Q2, the actual value is USD -4.641 M.

Second Quarter 2026 Financial Results

• Revenue: Identiv, Inc. reported revenue of $5.7 million for the second quarter of 2026, an increase from $5.0 million in the second quarter of 2025. This year-over-year growth was driven by increased sales of RFID transponder products.
• Gross Margin: GAAP gross margin for the second quarter of 2026 was 16.1%, a significant improvement compared to -9.4% in the second quarter of 2025. Non-GAAP gross margin also improved to 24.5% in Q2 2026 from -0.8% in Q2 2025. This improvement was primarily attributed to continued production cost savings, efficiencies from the elimination of Singapore manufacturing costs, improved cost utilization at the Thailand facility, and a reduction in inventory obsolescence charges.
• Operating Expenses: GAAP operating expenses totaled $6.4 million in the second quarter of 2026, an increase from $5.9 million in the second quarter of 2025, mainly due to an increase in strategic review-related costs. Non-GAAP operating expenses decreased to $4.0 million in Q2 2026 from $4.5 million in Q2 2025, reflecting management’s disciplined spending allocation.
• Net Loss: Identiv, Inc. reported a GAAP net loss of -$4.7 million for the second quarter of 2026, an improvement from a GAAP net loss of -$6.0 million in the second quarter of 2025. This improvement was primarily due to higher sales, increased gross margin from the manufacturing transition to Thailand, and the impact of charges related to obsolete inventory write-downs in Q2 2025.
• Non-GAAP Adjusted EBITDA: Non-GAAP adjusted EBITDA loss for the second quarter of 2026 was -$2.7 million, an improvement from -$4.6 million in the second quarter of 2025. This improvement stemmed from reduced fixed manufacturing costs at the now-closed Singapore facility, improved utilization at the Thailand facility, and disciplined allocation of operating expenses.

Balance Sheet Highlights (as of June 30, 2026)

• Cash and Cash Equivalents: $119,407 thousand.
• Accounts Receivable, Net: $2,428 thousand.
• Inventories: $8,501 thousand.
• Total Current Assets: $132,297 thousand.
• Total Assets: $140,682 thousand.
• Total Current Liabilities: $6,502 thousand.
• Total Liabilities: $7,600 thousand.
• Total Stockholders’ Equity: $133,082 thousand.

Operational Metrics and Strategic Initiatives

• Identiv, Inc. signed an IoT Asset Purchase Agreement with Trackonomy Systems, Inc. on June 24, 2026, with the transaction expected to close in Q3 FY 2026.
• The company’s go-forward business strategy is focused on providing Physical AI Solutions through targeted acquisitions of Compliance SaaS Companies.
• Product development continued, and the Thailand manufacturing facility prepared for the expansion of its Bluetooth Low Energy (BLE) product portfolio, including the launch of the expanded ID-Tiny product family in July.
• Macroeconomic conditions have affected demand in some consumer-facing applications, leading one large customer to pause new orders due to significant inventory, with order activity expected to resume late this year.
• Chip allocation delays are also impacting production and shipment of some orders.

Stock Repurchase Program

• Identiv, Inc.’s Board of Directors intends to return up to $40 million of capital to stockholders through share repurchases, dividends, and/or other distributions. The company plans to resume common stock repurchases under its program shortly, prior to the closing of the asset sale transaction with Trackonomy.

Financial Outlook

For the third quarter of fiscal 2026, Identiv, Inc. expects net revenue to be in the range of $4.1 million to $4.8 million. This outlook does not account for the closing of the asset sale transaction.