Filing Flows › Immersion (IMMR) › Q2 FY26
Immersion (IMMR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 14, 2026
Immersion (IMMR) reported revenue of $650M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +123% from the quarter before. Operating margin was 6.2%, net earnings $12.0M (1.8% of revenue).
Immersion, Q2 FY26: revenue $650M (+6% year over year), operating margin 6.2%, net earnings $12.0M, operating cash flow $70.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $650M | +123% | +6% |
| Operating profit | $40.1M | — | -43% |
| Net earnings | $12.0M | — | -61% |
| Operating cash flow | $70.6M | — | +40% |
| Free cash flow | $66.3M | — | +39% |
What changed
Revenue was $650.2M in Q2 FY26, up 6% year over year and up 123% from the previous quarter. Barnes and Noble Education Segment was the largest line at 99% of revenue. Barnes and Noble Education Segment added $42.3M year over year (up 7%), 125% of the total change. Immersion Segment declined 59%.
Operating profit was $40.1M, a 6.2% margin (down 5.3 points year over year). Operating profit fell $30.4M even though revenue rose $33.9M versus a year earlier, so costs grew faster than sales. Total costs grew 12% against revenue growth of 6%. Net earnings were $12.0M, down 61% year over year. The effective tax rate was 35.4%.
Operating cash flow was $70.6M (up 40% year over year), 263% of net income including minority interests. Non-cash charges added back $10.5M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $30.5M. Capital expenditures of $4.3M left free cash flow of $66.3M.
Questions
What was Immersion's revenue in the second quarter fiscal 2026?
Immersion (IMMR) reported revenue of $650M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +123% from the quarter before.
Was Immersion profitable in the second quarter fiscal 2026?
Operating profit was $40.1M (6.2% of revenue) and net earnings $12.0M.
Source: Immersion 10-Q on SEC EDGAR.