10-K · July 24, 2026
Immersion's fiscal 2026 consolidated revenue reached $1.731 billion, but profitability deteriorated sharply: operating income fell 78% to $25.9 million, net income attributable to Immersion holders fell to $4.5 million…
Earnings analysis · 10-Q
IMMR earnings analysis
Filed September 14, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A, so revenue, margins, EPS, cash flow, and working-capital trends cannot be assessed…
Read full summary
The supplied 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A, so revenue, margins, EPS, cash flow, and working-capital trends cannot be assessed reliably. The principal disclosed issue is that disclosure controls remained ineffective as of July 31, 2026 due to continuing material weaknesses. The company reported $39.3 million of remaining repurchase authorization but made no repurchases during the three months ended July 31, 2026.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
-
Repurchase capacity remains available
The company had $39.3 million available under its December 2022 Stock Repurchase Program as of July 31, 2026, although it purchased 0 shares during the three months ended July 31, 2026.
What to watch
-
Material control weaknesses persist
Disclosure controls and procedures were ineffective as of July 31, 2026 because material weaknesses remained in Barnes & Noble Education’s control environment, risk assessment, information and communication, monitoring, multiple control activities, and business-combination and consolidation accounting.
-
Control weaknesses remain unresolved
Management stated that there were no material changes to the risk factors from the April 30, 2026 Form 10-K; however, the identified internal-control weaknesses continued to exist as of July 31, 2026.
Management's outlook
No quantitative revenue or EPS outlook was provided in the supplied 10-Q excerpt.
Earlier filings 3
10-Q · May 1, 2026
Immersion Corporation reported a significant increase in revenue and earnings per share in Q2 2026, with actual revenue of $650 million, exceeding the estimate by over 65%. Despite the strong results, gross margins…
10-Q · April 14, 2026
Revenue rose to $650,174,000 for the quarter ended October 31, 2025 (up from $616,249,000 a year ago), driven by Barnes & Noble Education product and rental sales. However, margins and EPS deteriorated: gross margin…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.