Filing Flows › Immersion (IMMR) › Q3 FY26
Immersion (IMMR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 4, 2026
Immersion (IMMR) reported revenue of $518M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and -20% from the quarter before. Operating margin was 1.0%, net loss $10.1M (2.0% of revenue).
Immersion, Q3 FY26: revenue $518M (+10% year over year), operating margin 1.0%, net loss $10.1M, operating cash flow −$33.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $518M | -20% | +10% |
| Operating profit | $5.0M | -88% | -81% |
| Net earnings | −$10.1M | -185% | -165% |
| Operating cash flow | −$33.8M | -148% | — |
What changed
Revenue was $518.5M in Q3 FY26, up 10% year over year and down 20% from the previous quarter. Barnes and Noble Education Segment was the largest line at 99% of revenue. Barnes and Noble Education Segment added $52.3M year over year (up 11%), 111% of the total change. Immersion Segment declined 60%.
Operating profit was $5.0M, a 1.0% margin (down 6.5 points year over year). Operating profit fell $30.3M even though revenue rose $47.2M versus Q3 FY25, so costs grew faster than sales. Total costs grew 18% against revenue growth of 10%. The quarter ended with a net loss of $10.1M, after a profit of $26.9M the previous quarter. Net interest and other expense of $8.4M was the main reason.
Operating cash flow was −$33.8M. Non-cash charges added back $10.7M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $36.2M. Capital expenditures of $3.7M exceeded it, leaving free cash flow of −$37.5M.
Questions
What was Immersion's revenue in the third quarter fiscal 2026?
Immersion (IMMR) reported revenue of $518M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and -20% from the quarter before.
Was Immersion profitable in the third quarter fiscal 2026?
Operating profit was $5.0M (1.0% of revenue) and net loss $10.1M.
Source: Immersion 10-Q on SEC EDGAR.