Quarterly ResultAug 5, 2026, 04:20 PM
Digi International Q3 Revenue Up 29% to $138.7M; Net Income Up 54%
AI Summary
Digi International reported strong financial results for the third quarter of fiscal year 2026, with net income increasing 53.7% to $15.7 million and total revenue growing 29.0% to $138.7 million. Diluted EPS also saw a significant rise of 48.1% to $0.40. The company completed the acquisition of Particle Industries for $50.4 million in January 2026, enhancing its IoT Products & Services segment, and reduced its long-term debt to $108.1 million.
Key Highlights
- Net income for Q3 2026 increased 53.7% to $15.7 million.
- Total revenue for Q3 2026 grew 29.0% to $138.7 million.
- Diluted EPS for Q3 2026 rose 48.1% to $0.40.
- IoT Products & Services revenue increased 24.7% to $99.8 million.
- IoT Solutions revenue surged 41.5% to $38.9 million.
- Acquired Particle Industries for $50.4 million in January 2026.
- Long-term debt reduced to $108.1 million from $159.2 million.
- Net cash provided by operating activities increased to $110.4 million for nine months.
Price Impact
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