Filing Flows › Immersion (IMMR) › Q1 FY26
Immersion (IMMR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 26, 2026
Immersion (IMMR) reported revenue of $292M for the first quarter fiscal 2026 (Q1 FY26), +59% from a year earlier and +3% from the quarter before. Operating margin was -9.0%, net loss $13.7M (4.7% of revenue).
Immersion, Q1 FY26: revenue $292M (+59% year over year), operating margin -9.0%, net loss $13.7M, operating cash flow −$61.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $292M | +3% | +59% |
| Operating profit | −$26.4M | — | — |
| Net earnings | −$13.7M | — | — |
| Operating cash flow | −$61.7M | -223% | — |
What changed
Revenue was $292.0M in Q1 FY26, up 59% year over year and up 3% from the previous quarter. Barnes and Noble Education Segment was the largest line at 99% of revenue. Barnes and Noble Education Segment added $153.1M year over year (up 113%), 141% of the total change. Immersion Segment declined 92%.
Operating costs exceeded revenue by $26.4M, an operating margin of -9.0%. Total costs grew 87% against revenue growth of 59%. The quarter ended with a net loss of $13.7M, narrower than the previous quarter's $26.2M loss. Minority interests bore $12.8M of it: to shareholders the quarter was a loss of $930K. Non-operating items added $4.9M, -23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$61.7M. Non-cash charges added back $10.4M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $62.7M. Capital expenditures of $3.7M exceeded it, leaving free cash flow of −$65.4M.
Questions
What was Immersion's revenue in the first quarter fiscal 2026?
Immersion (IMMR) reported revenue of $292M for the first quarter fiscal 2026 (Q1 FY26), +59% from a year earlier and +3% from the quarter before.
Was Immersion profitable in the first quarter fiscal 2026?
Operating loss was $26.4M (-9.0% of revenue) and net loss $13.7M.
Source: Immersion 10-Q on SEC EDGAR.