Quarterly ResultMay 6, 2026, 04:20 PM
Digi International Q1 Revenue +25.1% to $130.7M; Net Income +7.7%
AI Summary
Digi International reported a strong first quarter for fiscal year 2026, with total revenue increasing 25.1% to $130.7 million and net income rising 7.7% to $11.3 million. Diluted earnings per share also saw an increase to $0.29. The company completed the acquisition of Particle Industries, Inc. for $50.4 million, enhancing its IoT Products & Services segment, and demonstrated robust operating cash flow generation.
Key Highlights
- Acquired Particle Industries, Inc. for $50.4 million in cash on January 27, 2026.
- Q1 2026 total revenue increased 25.1% to $130.7 million from $104.5 million year-over-year.
- Q1 2026 net income rose 7.7% to $11.3 million from $10.5 million year-over-year.
- Q1 2026 diluted EPS increased to $0.29 from $0.28 year-over-year.
- IoT Products & Services segment revenue grew 20.4% to $93.6 million in Q1 2026.
- IoT Solutions segment revenue surged 38.9% to $37.1 million in Q1 2026.
- Net cash provided by operating activities was $77.1 million for the six months ended March 31, 2026.
- Long-term debt, net of unamortized issuance costs, decreased to $143.0 million as of March 31, 2026.