| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 5.68 | 23.4% | 12.7% |
| Total Income | 5.68 | 23.4% | 12.7% |
| Expenditure | 11.19 | 3.7% | 2.1% |
| PBT | -4.64 | 34.9% | 21.9% |
| Net Profit | -4.65 | 34.8% | 23.0% |
| OPM | -97.01% | 40.30pp | |
| NPM | -81.91% | 35.39pp | |
| EPS | -0.20 | 33.3% | 23.1% |
Identiv Reports Q2 2026 Financial Results
13 Aug 2026 · 13 Aug, 1:55 am
Summary
Identiv, Inc. announced its financial results for the second quarter ended June 30, 2026, reporting revenue of $5.7 million, up from $5.0 million in the prior year, primarily due to increased RFID transponder product sales. The company saw significant improvements in gross margins, with GAAP at 16.1% and non-GAAP at 24.5%, driven by cost savings and manufacturing efficiencies. While reporting a GAAP net loss of ($4.7) million, this was an improvement from the previous year, and the non-GAAP adjusted EBITDA loss narrowed to ($2.7) million. Management highlighted the signing of an IoT asset purchase agreement with Trackonomy as a significant milestone and noted that the company intends to resume stock repurchases.
Key Highlights
- 1
Identiv reported revenue of $5.7 million for the second quarter of 2026, an increase from $5.0 million in the second quarter of 2025, driven by increased sales of RFID transponder products.
- 2
The company achieved a GAAP gross margin of 16.1% and a non-GAAP gross margin of 24.5% in Q2 2026, a significant improvement from Q2 2025 due to production cost savings and efficiencies.
- 3
Second quarter 2026 GAAP net loss was ($4.7) million, or ($0.20) per share, an improvement from a GAAP net loss of ($6.0) million, or ($0.26) per share, in the prior year's second quarter.
- 4
Non-GAAP adjusted EBITDA loss improved to ($2.7) million in Q2 2026 from ($4.6) million in Q2 2025, attributed to reduced fixed manufacturing costs and disciplined operating expense allocation.
- 5
Identiv signed an IoT Asset Purchase Agreement with Trackonomy on June 24, 2026, with the transaction expected to close in Q3 FY 2026.
- 6
The company intends to resume repurchases of its common stock shortly, prior to the closing of the asset sale transaction.
- 7
Management expects net revenue for the third quarter of fiscal 2026 to be in the range of $4.1 million to $4.8 million, excluding the impact of the asset sale.
Management Comments
Edward Kirnbauer
In the second quarter, Identiv achieved a significant milestone under the Transform pillar of its P-A-T strategy by entering into a definitive agreement to sell its IoT operating assets to Trackonomy Systems, Inc. Product development activities continued with Identiv’s strategic programs, while the Thailand manufacturing facility prepared for the expansion of its BLE product portfolio. In July, Identiv launched its expanded ID-Tiny product family, a portfolio of ultra-miniaturized HF/NFC inlays and tags designed to bring secure digital intelligence to compact products. In parallel, broader macroeconomic conditions continued to affect demand in certain consumer-facing applications. In particular, one of Identiv’s larger consumer-facing customers built up significant inventory positions over the last three quarters and is pausing new order activity in the coming months to align its inventories with current demand. The customer expects to resume order activity late this year. Furthermore, Identiv is seeing some chip allocation delays for certain products, which is delaying production and shipment of some orders.
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