Filing Flows › Immersion (IMMR) › Q4 FY26 › vs Q3 FY26
Immersion (IMMR) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Immersion's revenue fell $248M (-48%) from $518M in Q3 FY26 to $270M in Q4 FY26. The biggest changes: Barnes and Noble Education Segment −$248M (-48%); Immersion Segment −$500K (-15%). Operating margin 2.7% against 1.0% (+1.7 pts).
Immersion, Q4 FY26: revenue $270M (-5% year over year), operating margin 2.7%, net earnings $3.7M, operating cash flow $83.8M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 2.7% | 1.0% | +1.7 pts |
| Net margin | 1.4% | -2.0% | +3.4 pts |
| Free cash flow margin | 29.4% | -7.2% | +36.6 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Barnes and Noble Education Segment | $267M | $515M | −$248M | -48% |
| Immersion Segment | $2.9M | $3.4M | −$500K | -15% |
| Revenue | $270M | $518M | −$248M | -48% |
| Other income, net | $2.0M | −$8.4M | $10.4M | — |
| Operating profit | $7.2M | $5.0M | $2.2M | +45% |
| Costs & expenses | $263M | $514M | −$251M | -49% |
| Pre-tax earnings | $9.3M | −$3.4M | $12.7M | — |
| Net earnings | $3.7M | −$10.3M | $14.0M | — |
| Minority interests | $2.5M | $133K | $2.3M | 18× |
| Income tax | $3.1M | $6.7M | −$3.6M | -54% |
| Depreciation & amortization | $11.0M | $10.7M | $264K | +2% |
| Share-based compensation | $1.8M | $1.9M | −$47K | -3% |
| Working capital & other | $67.3M | −$36.1M | $103M | — |
| Operating cash flow | $83.8M | −$33.8M | $118M | — |
| Free cash flow (OCF − capex) | $79.4M | −$37.5M | $117M | — |
| Capital expenditures | $4.4M | $3.7M | $685K | +18% |
Questions
How much did Immersion's revenue grow quarter over quarter in Q4 FY26?
Immersion's revenue fell $248M (-48%) from $518M in Q3 FY26 to $270M in Q4 FY26.
What drove Immersion's revenue change in Q4 FY26?
Barnes and Noble Education Segment −$248M (-48%); Immersion Segment −$500K (-15%).