Quarterly ResultAug 5, 2026, 04:19 PM
Digi International Q3 Revenue $139M, ARR $191M; Raises FY26 Guidance
AI Summary
Digi International Inc. announced record financial results for its third fiscal quarter ended June 30, 2026, with revenue reaching $139 million and Annualized Recurring Revenue (ARR) hitting $191 million. The company reported a 54% increase in net income to $16 million and a 47% rise in Adjusted EBITDA to $40 million. Following these strong results, Digi International raised its full-year 2026 guidance for both revenue and Adjusted EBITDA.
Key Highlights
- Q3 2026 revenue reached a record $139 million, a 29% increase year-over-year.
- Annualized Recurring Revenue (ARR) hit a record $191 million, up 52% year-over-year.
- Net income for Q3 2026 increased 54% to $16 million.
- Adjusted EBITDA grew 47% to $40 million in Q3 2026.
- Cash flow from operations was $33 million in Q3 2026.
- IoT Product & Services revenue increased 25% to $100 million.
- IoT Solutions revenue increased 41% to $39 million.
- Full-year 2026 guidance raised for revenue ($529M-$533M) and Adjusted EBITDA ($146M-$147.5M).
Price Impact
More from DGII