Immersion (IMMR) Q3 2026 earnings summary

Executive summary

• Operates in two segments: Immersion (IP licensing for haptics) and Barnes & Noble Education (campus bookstores, course materials, and general merchandise).

• Acquired controlling interest in Barnes & Noble Education on June 10, 2024, diversifying into education retail.

• Financials reflect restated prior periods due to material errors in digital cost of sales, leases, and other items.

Financial highlights

• Q3 FY26 total revenue: $518.5M, up 10% year-over-year; nine months revenue: $1.46B, up 15%.

• Q3 net loss: $(10.1)M vs. net income of $43.2M prior year; nine months net income: $3.0M, down from $119.8M.

• Q3 diluted EPS: $(0.31) vs. $0.73 prior year; nine months diluted EPS: $0.02 vs. $2.50.

• Cash, cash equivalents, and investments-current at $177.9M as of Jan 31, 2026.

Outlook and guidance

• Focus on expanding BNC First Day® affordable access programs to drive predictable, recurring revenue.

• Continued investment in digital and e-commerce capabilities for Barnes & Noble Education.

• Management expects ongoing seasonality, with strongest quarters during academic semester starts.