Immersion Corporation Net Income Falls 61% to $11.1M in H1 FY2026

Immersion Corporation (NASDAQ: IMMR), a haptic technology licensing company, posted net income of $11.1 million for the six months ending October 31, 2025, down 81% from $57.9 million in the same period a year earlier. For the three months ending October 31, 2025, net income totaled $12.0 million, a 61% decline from $30.8 million in the prior-year quarter. Read more earnings reports.

Revenue for the six-month period reached $942.2 million, up 18% from $799.7 million in the prior-year period. The company reported total revenue of $650.2 million for the quarter ending October 31, 2025, compared to $616.2 million a year earlier. The licensing revenue component totaled $9.6 million for the six months, down 85% from $62.6 million in the prior-year period.

Operating income for the six months came in at $13.7 million, down 84% from $84.0 million a year earlier. The company recorded operating expenses of $179.8 million for the first half of fiscal 2026, up 23% from $146.4 million in the prior-year period. Selling, general, and administrative expenses rose to $145.1 million from $109.0 million.

Cash and cash equivalents stood at $126.9 million as of October 31, 2025, up from $80.5 million a year earlier. The company generated $9.0 million in cash from operations for the six-month period, a reversal from negative $64.0 million in the prior-year period. Total assets increased to $1.38 billion from $1.10 billion as of April 30, 2025.

Total liabilities rose to $803.2 million as of October 31, 2025, from $543.6 million six months earlier. Long-term debt increased to $122.5 million from $103.1 million. Stockholders' equity stood at $306.9 million, up slightly from $298.1 million as of April 30, 2025.

Diluted earnings per share for the six-month period came in at $0.33, down from $1.77 in the prior-year period. For the quarter, diluted EPS was $0.36, compared to $0.93 a year earlier. The company had 32.9 million common shares outstanding as of October 31, 2025, up from 32.5 million as of April 30, 2025.

Financial Summary