Immersion (IMMR)
Market Price (10/1/2026): $7.29 | Market Cap: $-Sector: Information Technology | Industry: Application Software
Immersion (IMMR)
Market Price (10/1/2026): $7.29Market Cap: $-Sector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 44% | Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -56% | Key risksIMMR key risks include [1] a potential Nasdaq delisting due to critical financial reporting failures and internal control weaknesses, Show more. |
| Low stock price volatilityVol 12M is 44% |
| Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -56% |
| Key risksIMMR key risks include [1] a potential Nasdaq delisting due to critical financial reporting failures and internal control weaknesses, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/1/2026
Immersion (IMMR) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Immersion's stock gained significantly following strong fiscal Q1 2027 results, which ended in July 2026. The company reported its fiscal Q1 2027 earnings on September 14, 2026, with an earnings per share (EPS) of $0.17, notably surpassing the consensus analyst estimate of $0.06 by $0.11, representing a positive surprise of 183.33%. Additionally, revenue for the quarter reached $294.4 million, significantly exceeding the consensus estimate of $3.43 million. This performance marked a turnaround, with GAAP net income attributable to stockholders at $4.9 million ($0.17 per diluted share), compared to a net loss of $0.9 million ($-0.03 per share) in the prior fiscal year's first quarter. These results contributed to a stock price increase of over 15% on July 28, 2026, moving from $6.52 to $7.74.
2. Consistent dividend declarations and increases provided a positive signal to investors. Immersion's Board of Directors declared a quarterly cash dividend of $0.075 per share on July 2, 2026, which was payable on July 31, 2026. A further dividend of $0.075 per share was declared on September 14, 2026, with a payment date of October 30, 2026. The company has a history of distributing 15 consecutive quarterly dividends and has increased its dividends for one successive year, with the quarterly dividend notably rising from $0.045 to $0.075 per share in December 2025.
Show more
Immersion (IMMR) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Immersion's stock gained significantly following strong fiscal Q1 2027 results, which ended in July 2026. The company reported its fiscal Q1 2027 earnings on September 14, 2026, with an earnings per share (EPS) of $0.17, notably surpassing the consensus analyst estimate of $0.06 by $0.11, representing a positive surprise of 183.33%. Additionally, revenue for the quarter reached $294.4 million, significantly exceeding the consensus estimate of $3.43 million. This performance marked a turnaround, with GAAP net income attributable to stockholders at $4.9 million ($0.17 per diluted share), compared to a net loss of $0.9 million ($-0.03 per share) in the prior fiscal year's first quarter. These results contributed to a stock price increase of over 15% on July 28, 2026, moving from $6.52 to $7.74.
2. Consistent dividend declarations and increases provided a positive signal to investors. Immersion's Board of Directors declared a quarterly cash dividend of $0.075 per share on July 2, 2026, which was payable on July 31, 2026. A further dividend of $0.075 per share was declared on September 14, 2026, with a payment date of October 30, 2026. The company has a history of distributing 15 consecutive quarterly dividends and has increased its dividends for one successive year, with the quarterly dividend notably rising from $0.045 to $0.075 per share in December 2025.
Show more
Updated on 9/1/2026
Immersion (IMMR) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Immersion's stock gained significantly following strong fiscal Q1 2027 results, which ended in July 2026. The company reported its fiscal Q1 2027 earnings on September 14, 2026, with an earnings per share (EPS) of $0.17, notably surpassing the consensus analyst estimate of $0.06 by $0.11, representing a positive surprise of 183.33%. Additionally, revenue for the quarter reached $294.4 million, significantly exceeding the consensus estimate of $3.43 million. This performance marked a turnaround, with GAAP net income attributable to stockholders at $4.9 million ($0.17 per diluted share), compared to a net loss of $0.9 million ($-0.03 per share) in the prior fiscal year's first quarter. These results contributed to a stock price increase of over 15% on July 28, 2026, moving from $6.52 to $7.74.
2. Consistent dividend declarations and increases provided a positive signal to investors. Immersion's Board of Directors declared a quarterly cash dividend of $0.075 per share on July 2, 2026, which was payable on July 31, 2026. A further dividend of $0.075 per share was declared on September 14, 2026, with a payment date of October 30, 2026. The company has a history of distributing 15 consecutive quarterly dividends and has increased its dividends for one successive year, with the quarterly dividend notably rising from $0.045 to $0.075 per share in December 2025.
3. Analyst upgrades and positive price targets bolstered investor confidence. Several financial analysts issued favorable assessments during the period. BWS Financial reiterated a "buy" rating and set a price target of $13.50 for Immersion shares on July 28, 2026. On the same day, Wall Street Zen upgraded Immersion from a "sell" rating to a "hold" rating. Furthermore, Weiss Ratings raised its rating for Immersion from "hold (c-)" to "hold (c)" on September 16, 2026. The average price target from analysts stands at $13.50, implying a potential upside of 86.72% from the stock's closing price of $7.23 on September 30, 2026.
4. Continued leverage of haptic technology and intellectual property (IP) licensing contributed to the positive trend. Immersion, a leading licensor of haptic technologies, reported haptic licensing revenue of $3.8 million for the three months ended July 31, 2026 (fiscal Q1 2027). The company has strengthened its position by securing a new automotive license for its haptic technology, leading to an increase in fixed license revenue year-over-year. Immersion's portfolio includes approximately 300 patents worldwide covering various touch-related digital technologies, which underpins its potential for growth as haptic technology adoption expands across mobile, gaming, and automotive sectors.
Show less
Immersion (IMMR) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Immersion's stock gained significantly following strong fiscal Q1 2027 results, which ended in July 2026. The company reported its fiscal Q1 2027 earnings on September 14, 2026, with an earnings per share (EPS) of $0.17, notably surpassing the consensus analyst estimate of $0.06 by $0.11, representing a positive surprise of 183.33%. Additionally, revenue for the quarter reached $294.4 million, significantly exceeding the consensus estimate of $3.43 million. This performance marked a turnaround, with GAAP net income attributable to stockholders at $4.9 million ($0.17 per diluted share), compared to a net loss of $0.9 million ($-0.03 per share) in the prior fiscal year's first quarter. These results contributed to a stock price increase of over 15% on July 28, 2026, moving from $6.52 to $7.74.
2. Consistent dividend declarations and increases provided a positive signal to investors. Immersion's Board of Directors declared a quarterly cash dividend of $0.075 per share on July 2, 2026, which was payable on July 31, 2026. A further dividend of $0.075 per share was declared on September 14, 2026, with a payment date of October 30, 2026. The company has a history of distributing 15 consecutive quarterly dividends and has increased its dividends for one successive year, with the quarterly dividend notably rising from $0.045 to $0.075 per share in December 2025.
3. Analyst upgrades and positive price targets bolstered investor confidence. Several financial analysts issued favorable assessments during the period. BWS Financial reiterated a "buy" rating and set a price target of $13.50 for Immersion shares on July 28, 2026. On the same day, Wall Street Zen upgraded Immersion from a "sell" rating to a "hold" rating. Furthermore, Weiss Ratings raised its rating for Immersion from "hold (c-)" to "hold (c)" on September 16, 2026. The average price target from analysts stands at $13.50, implying a potential upside of 86.72% from the stock's closing price of $7.23 on September 30, 2026.
4. Continued leverage of haptic technology and intellectual property (IP) licensing contributed to the positive trend. Immersion, a leading licensor of haptic technologies, reported haptic licensing revenue of $3.8 million for the three months ended July 31, 2026 (fiscal Q1 2027). The company has strengthened its position by securing a new automotive license for its haptic technology, leading to an increase in fixed license revenue year-over-year. Immersion's portfolio includes approximately 300 patents worldwide covering various touch-related digital technologies, which underpins its potential for growth as haptic technology adoption expands across mobile, gaming, and automotive sectors.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
nullnull
Market Drivers
6/30/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| IMMR | 8.0% | |
| Market (SPY) | 2.1% | 25.9% |
| Sector (XLK) | 2.7% | 21.2% |
Fundamental Drivers
nullnull
Market Drivers
3/31/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| IMMR | 35.5% | |
| Market (SPY) | 17.6% | 29.7% |
| Sector (XLK) | 47.5% | 27.5% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2025 to 9/30/2026| Return | Correlation | |
|---|---|---|
| IMMR | 2.6% | |
| Market (SPY) | 15.4% | 40.5% |
| Sector (XLK) | 39.4% | 33.6% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 9/30/2026| Return | Correlation | |
|---|---|---|
| IMMR | 22.0% | |
| Market (SPY) | 84.5% | 41.1% |
| Sector (XLK) | 143.1% | 37.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IMMR Return | -49% | 23% | 3% | 26% | -18% | 11% | -26% |
| Peers Return | 73% | -24% | 21% | -12% | 2% | 34% | 90% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| IMMR Win Rate | 25% | 50% | 58% | 33% | 42% | 56% | |
| Peers Win Rate | 65% | 35% | 58% | 35% | 48% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| IMMR Max Drawdown | -67% | -25% | -31% | -38% | -34% | -20% | |
| Peers Max Drawdown | -20% | -39% | -35% | -32% | -41% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SYNA, CRUS, TXN, MCHP, ON.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/30/2026 (YTD)
How Low Can It Go
| Event | IMMR | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.3% | -9.5% |
| % Gain to Breakeven | 15.3% | 10.5% |
| Time to Breakeven | 38 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.9% | -24.5% |
| % Gain to Breakeven | 33.1% | 32.4% |
| Time to Breakeven | 86 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.2% | -33.7% |
| % Gain to Breakeven | 79.2% | 50.9% |
| Time to Breakeven | 151 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.3% | -19.2% |
| % Gain to Breakeven | 23.9% | 23.8% |
| Time to Breakeven | 137 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -12.0% | -3.7% |
| % Gain to Breakeven | 13.7% | 3.9% |
| Time to Breakeven | 1 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -44.8% | -12.2% |
| % Gain to Breakeven | 81.2% | 13.9% |
| Time to Breakeven | 758 days | 62 days |
In The Past
Immersion's stock fell -2.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 2.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | IMMR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.9% | -24.5% |
| % Gain to Breakeven | 33.1% | 32.4% |
| Time to Breakeven | 86 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.2% | -33.7% |
| % Gain to Breakeven | 79.2% | 50.9% |
| Time to Breakeven | 151 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -44.8% | -12.2% |
| % Gain to Breakeven | 81.2% | 13.9% |
| Time to Breakeven | 758 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -34.4% | -6.8% |
| % Gain to Breakeven | 52.3% | 7.3% |
| Time to Breakeven | 287 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -44.6% | -17.9% |
| % Gain to Breakeven | 80.4% | 21.8% |
| Time to Breakeven | 528 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -23.0% | -15.4% |
| % Gain to Breakeven | 29.8% | 18.2% |
| Time to Breakeven | 127 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -83.2% | -53.4% |
| % Gain to Breakeven | 495.3% | 114.4% |
| Time to Breakeven | 1526 days | 1085 days |
In The Past
Immersion's stock fell -2.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 2.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Immersion (IMMR)
Immersion Corporation (IMMR) is a leading innovator in haptic technology, specializing in solutions that allow people to engage with digital products using their sense of touch. The company's core business involves inventing, scaling, and licensing its proprietary haptic technologies, which enable devices to produce tactile feedback like vibrations or other sensations, thereby enhancing user interaction and immersion in digital environments.
Immersion's main offerings include a variety of licenses, such as technology, patent, and combined licenses, for its haptic innovations. Complementing its licensing model, the company provides Software Development Kits (SDKs) that contain tools, integration software, and effect libraries to help customers design, encode, and playback intricate tactile effects. Furthermore, Immersion offers reference designs, engineering and integration services, and specialized software and firmware services to facilitate the seamless adoption of its haptic solutions.
The company serves a diverse range of global markets, integrating its haptic technologies into products across multiple sectors. Primary customers and markets include mobile communications, wearables, and general consumer electronics, where haptics improve device usability. Immersion's solutions are also critical in the gaming and virtual reality (VR) industries for creating immersive experiences, and are increasingly being adopted within the automotive sector to enhance in-vehicle interfaces and safety features.
AI Analysis | Feedback
Here are a few brief analogies for Immersion (IMMR):
Dolby for the sense of touch.
Arm Holdings for haptic technology.
AI Analysis | Feedback
- Licensing Haptic Technologies: Immersion licenses its haptic technology and patents to enable touch-based experiences in various digital products.
- Software Development Kits (SDKs): SDKs provide tools, integration software, and effect libraries for designing, encoding, and playing tactile effects in content.
- Reference Designs and Technology: The company offers pre-designed solutions and foundational technology to aid in product development.
- Engineering and Integration Services: Immersion provides expert services to help integrate their haptic technologies into customer products.
- Software and Firmware Services: The company offers specialized services related to developing and optimizing software and firmware for haptic applications.
AI Analysis | Feedback
Immersion Corporation primarily sells its haptic technologies and licenses to other companies that integrate these solutions into their products. Its major customers are typically large manufacturers and technology companies across various sectors.
The major customer companies include:
AI Analysis | Feedback
null
AI Analysis | Feedback
Here is the management team of Immersion Corporation (IMMR):
Eric Singer
Chief Executive Officer, President & Chairperson Eric Singer was appointed CEO of Immersion Corporation in January 2023. He previously served as a member of Immersion's Board of Directors since March 2020 and as Executive Chairman from August 2020 to January 2023. Mr. Singer founded and was the Managing Member of VIEX Capital Advisors, a securities investment firm, from 2014 to 2022, which is described as an activist firm. He has extensive experience serving on numerous public company boards, including Quantum Corporation, Numerex Corp., RhythmOne plc, YuMe Inc., Support.com Inc., Meru Networks Inc., PLX Technology Inc., Sigma Designs Inc., A10 Networks Inc., Velodyne Lidar, and Universal Electronics Inc. His strategy involves focusing on small companies, driving change, and maximizing shareholder value through operational improvements and strategic mergers and acquisitions.James Dodson
CFO & Treasurer James Dodson, also known as J. Michael Dodson, was appointed CFO & Treasurer of Immersion Corporation in June 2023. He brings over 40 years of financial and full P&L experience to the role. Mr. Dodson has served as CFO for five public global technology companies, including Mattson Technology, DDi, and ESI. He also held the positions of CFO and interim CEO at Quantum Corp. Mr. Dodson is recognized as a problem-solver, with experience navigating complex financial situations such as SEC investigations and financial restatements. He began his career at Ernst and Young and has held various financial management positions in private and publicly traded environments with companies like Stryker Energy LLC, GE Company, and Omnova Solutions. He was also previously the Senior Vice President, CFO of Quantum Corp and an Officer of Mattson Technology Inc.William Martin
Chief Strategy Officer & Director William Martin serves as Immersion's Chief Strategy Officer and a Director. He has a background as a successful entrepreneur and investor, particularly in financial technology and software businesses. Mr. Martin co-founded several successful financial technology companies, including Raging Bull, where he was the original CEO, and InsiderScore, an institutional analytics business. He also co-founded and serves as a Senior Advisor to Princeton Equity Group (formerly Princeton Ventures), a firm that provides growth equity to private companies. Mr. Martin has been involved in selling companies, including Raging Bull. He may be deemed to be the beneficial owner of approximately 15.2% of Immersion's common stock and has served on a strategy committee for Immersion.Leonard Wood
Chief Accounting Officer Leonard Wood is the Chief Accounting Officer at Immersion Corporation.Sophie Laval
Head of Human Resources Sophie Laval holds the position of Head of Human Resources at Immersion Corporation.AI Analysis | Feedback
The key risks to Immersion Corporation (IMMR) are primarily centered around its intellectual property-based business model, financial reporting, and the competitive landscape of haptic technology:
- Reliance on Patent Litigation and Licensing Revenue Volatility: Immersion Corporation's business model is heavily dependent on licensing its extensive haptic technology patent portfolio and enforcing these patents through litigation. The company's revenue streams can be inconsistent and "lumpy," with significant fluctuations tied to the timing and outcomes of large licensing deals and patent infringement lawsuits. For instance, a substantial portion of historical revenue has come from one-time settlement payments resulting from successful litigation, such as the agreement with Meta Platforms. While favorable outcomes can provide substantial revenue boosts, ongoing legal battles, like those against Valve Corporation and Xiaomi, are costly and their uncertain results can significantly impact the company's future and dissuade potential licensees.
- Nasdaq Compliance Challenges Due to Delayed Financial Filings: Immersion has faced multiple compliance challenges with Nasdaq due to delays in filing its quarterly and annual financial reports. These delays stem from ongoing audit committee investigations at both Immersion and its consolidated subsidiary, Barnes & Noble Education (BNED), which have necessitated the restatement of previously issued financial information. These repeated delinquency notices from Nasdaq highlight potential operational and financial challenges and carry the risk of delisting if the company fails to resolve its compliance issues.
- Intense Competition and Potential for Technological Obsolescence: Despite holding a significant patent portfolio in haptic technology, Immersion operates in a rapidly evolving and competitive sector. The company faces competition not only from direct rivals like Ultraleap, which specializes in emerging areas like touchless haptics, but also from the internal research and development departments of major technology giants such as Apple, Google, and Meta, who possess substantial resources to develop their own haptic solutions. Immersion's ability to maintain its market position and secure new licensing agreements depends on its continuous innovation and its capacity to effectively defend its intellectual property against evolving technologies and competitive pressures.
AI Analysis | Feedback
null
AI Analysis | Feedback
Immersion Corporation (IMMR) operates in the haptic technology market, licensing its technologies across various sectors globally. The addressable markets for its main products and services are substantial and are projected to grow significantly in the coming years.
- Global Haptic Technology Market: The overall global haptic technology market size was valued at approximately USD 12.28 billion in 2024. This market is projected to grow to USD 27.96 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period. Another estimate placed the market at USD 4.62 billion in 2025, expanding to USD 8.5 billion by 2030 at a CAGR of 12.92%. The global haptic devices market, a related segment, was estimated at USD 4.78 billion in 2023 and is projected to reach USD 13.74 billion by 2030, with a CAGR of 16.3% from 2024 to 2030.
- Consumer Electronics (Mobile & Wearables): This segment is a major application area for haptic technology. In 2024, consumer electronics captured 57.7% of the haptic technology market share. The broader consumer electronics haptics market is forecast to reach USD 1.8 billion in smartphones and USD 1.2 billion in wearables by 2025. Immersion generates 41% of its revenue from mobile communications, wearables, and consumer electronics.
- Gaming & Virtual Reality (VR): The gaming sector is anticipated to hold the highest share in the haptic technology application segment. The market for haptics in VR/AR technology is projected to reach USD 12.9 billion by 2025. Gaming and XR (Extended Reality) devices are expected to grow at an 18.5% CAGR through 2030. North America is a leading region for haptic devices in gaming and entertainment, driven by the demand for immersive gaming experiences in consoles and VR headsets.
- Automotive: The automotive haptics market is projected to grow significantly, with one forecast indicating it will reach nearly USD 2.5 billion by 2035, up from USD 300 million in 2024. The global automotive haptic feedback system market size was valued at USD 2.96 billion in 2024 and is estimated to reach around USD 6.91 billion by 2034, growing at a 9.1% CAGR. Immersion Corporation currently leads the industry in automotive haptics, holding approximately 24% of the global market share in 2024. The U.S. market, specifically, is characterized by strong adoption in the automotive sector.
AI Analysis | Feedback
Immersion Corporation (IMMR) is expected to drive future revenue growth over the next 2-3 years through several key areas:
- Expanding Adoption of Haptic Technology Across Key Markets: Immersion anticipates continued revenue growth from the increasing integration of its haptic feedback technology in mobile communications, wearables, consumer electronics, gaming, virtual reality (VR), and augmented reality (AR) markets. The broader haptic technology market is projected to grow significantly, with various reports forecasting a compound annual growth rate (CAGR) between 8.76% and 12.92% through 2030 and beyond, driven by demand for immersive user experiences.
- New and Renewed Licensing Agreements: The company's core business revolves around licensing its extensive intellectual property portfolio, which includes over 1,200 patents worldwide. Securing new licensing agreements with Original Equipment Manufacturers (OEMs) and renewing existing ones across its target markets (mobile, automotive, gaming, VR) is a consistent driver of revenue. Recent examples include agreements with Nintendo and Meta in 2024 for their hardware and software offerings.
- Growth in the Automotive Sector: The automotive market represents a significant growth opportunity for Immersion, with haptics increasingly being adopted in car infotainment systems, new seating developments, and for enhancing intuitive touch-based interactions. Immersion has previously partnered with automotive component manufacturers to develop haptic solutions for this sector.
- Growth of the Barnes & Noble Education (BNED) Segment: Following its acquisition of a controlling interest in Barnes & Noble Education (BNED) in June 2024, Immersion has seen significant revenue contributions from this segment. Future revenue growth is expected from the continued expansion of BNED's "First Day Complete" program and further development of its digital and affordable access offerings.
AI Analysis | Feedback
Immersion Corporation (IMMR) has made several capital allocation decisions over the last 3-5 years, focusing primarily on returning value to shareholders through share repurchases. The company also made a significant outbound investment.
Share Repurchases
- Immersion's Board of Directors approved a new stock repurchase program of up to $50 million in 2023.
- As of August 2023, the share repurchase program, which was originally approved in December 2022, had $46.8 million available for future repurchases and was extended to expire on December 29, 2024.
- The company repurchased 2,542,065 shares, representing almost 7.5% of its outstanding shares, in 2022.
Outbound Investments
- Immersion acquired a controlling interest in Barnes & Noble Education, Inc. (BNED) on June 10, 2024, and consolidates BNED into its financial statements.
Capital Expenditures
- Immersion Corporation reported capital expenditures of approximately -$928,000 in the last 12 months.
Peer Outperformance in Application Software
IMMR has outperformed 82% of its 124 Application Software peers over 5Y. Application Software ranks 11th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Application Software constituents that IMMR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
77%
of 152 industry peers · 2.6% return
3Y
68%
of 140 industry peers · 22.0% return
5Y
82%
of 124 industry peers · 18.8% return
No Application Software peer with a comparable growth profile has beaten IMMR by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is IMMR's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 63.9% | 180.7% | 305.5% | TTMI 870% · FLEX 722% · SANM 449% |
| Semiconductor Materials & Equipment | 28 | 106.8% | 103.7% | 125.8% | AXTI 835% · AEHR 691% · KLAC 511% |
| Technology Distributors | 9 | 37.8% | 81.3% | 97.4% | CLMB 416% · AVT 199% · SNX 158% |
| Communications Equipment | 36 | 9.1% | 76.4% | 70.3% | AAOI 1281% · LITE 1038% · FEIM 935% |
| Electronic Components | 26 | 41.1% | 72.7% | 67.7% | CLS 3807% · BELFA 1339% · LPTH 386% |
| Technology Hardware, Storage & Peripherals | 20 | 22.4% | 128.6% | 35.6% | STX 1159% · DELL 1011% · SMCI 1000% |
| Semiconductors | 55 | 29.8% | 46.2% | 35.0% | POET 1736% · MU 1436% · NVDA 1006% |
| Internet Services & Infrastructure | 6 | -4.5% | 37.5% | 18.0% | DOCN 65% · VRSN 39% · GDDY 33% |
| Electronic Equipment & Instruments | 26 | -22.0% | 19.5% | -6.7% | PI 220% · KEYS 120% · VPG 106% |
| IT Consulting & Other Services | 28 | -23.2% | -10.3% | -19.9% | CHRN 519111% · APLD 1020% · TSSI 785% |
| Application Software ← | 125 | -30.1% | -18.8% | -47.2% | VIDA 136567% · INLX 5104% · PLTR 669% |
| Systems Software | 70 | -16.6% | 21.3% | -51.9% | QNC 551% · PAYS 418% · ZETA 412% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Immersion Earnings Notes | 12/16/2025 | |
| Is Immersion Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 102.98 |
| Mkt Cap | 33.5 |
| Rev LTM | 5,122 |
| Op Inc LTM | 831 |
| FCF LTM | 1,111 |
| FCF 3Y Avg | 1,221 |
| CFO LTM | 1,198 |
| CFO 3Y Avg | 1,424 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.4% |
| Rev Chg 3Y Avg | -1.9% |
| Rev Chg Q | 12.9% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 10.1% |
| Op Inc Chg 3Y Avg | -2.4% |
| Op Mgn LTM | 18.0% |
| Op Mgn 3Y Avg | 21.7% |
| QoQ Delta Op Mgn LTM | 1.3% |
| CFO/Rev LTM | 27.0% |
| CFO/Rev 3Y Avg | 27.3% |
| FCF/Rev LTM | 24.2% |
| FCF/Rev 3Y Avg | 18.5% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Barnes & Noble Education | 1,715 | 1,482 | 0 | ||
| Immersion | 16 | 74 | 46 | ||
| Development, services, and other revenue | 0 | 0 | |||
| Royalty and license revenue | 34 | 38 | |||
| Total | 1,731 | 1,556 | 46 | 34 | 38 |
| $ Mil | 2026 | 2025 | 2024 | 2009 | 2008 |
|---|---|---|---|---|---|
| Barnes & Noble Education | 22 | 70 | 0 | ||
| Immersion | 4 | 48 | 16 | ||
| Intersegment eliminations | -0 | 0 | |||
| Medical | -15 | -9 | |||
| Touch | -16 | -40 | |||
| Total | 26 | 118 | 16 | -30 | -49 |
| $ Mil | 2026 | 2025 | 2009 | 2007 | 2004 |
|---|---|---|---|---|---|
| Barnes & Noble Education | 841 | 888 | |||
| Immersion | 211 | 214 | |||
| Intersegment eliminations | -41 | ||||
| Medical | 6 | ||||
| Touch | 123 | ||||
| Immersion Computing, Entertainment & Industrial | 182 | 55 | |||
| Immersion Medical | 7 | 6 | |||
| Total | 1,052 | 1,102 | 88 | 188 | 61 |
Price Behavior
Price Behavior
| Market Price | $7.23 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 11/12/1999 | |
| Distance from 52W High | -7.2% | |
| 50 Days | 200 Days | |
| DMA Price | $7.43 | $6.54 |
| DMA Trend | up | up |
| Distance from DMA | -2.7% | 10.5% |
| 3M | 1YR | |
| Volatility | 48.9% | 44.4% |
| Downside Capture | 184.57 | 183.91 |
| Upside Capture | 192.25 | 156.76 |
| Correlation (SPY) | 25.9% | 40.5% |
IMMR Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.87 | 1.39 | 1.15 | 1.08 | 1.38 | 1.13 |
| Up Beta | 1.79 | 1.37 | -0.70 | -0.03 | 0.72 | 0.84 |
| Down Beta | 0.75 | -0.41 | 0.54 | 0.44 | 1.13 | 1.14 |
| Up Capture | 183% | 137% | 209% | 204% | 207% | 171% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 21 | 32 | 65 | 118 | 375 |
| Down Capture | 232% | 197% | 160% | 148% | 144% | 108% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 14 | 21 | 30 | 59 | 130 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IMMR | |
|---|---|---|---|---|
| IMMR | 2.8% | 44.3% | 0.18 | - |
| Sector ETF (XLK) | 40.4% | 26.5% | 1.25 | 33.6% |
| Equity (SPY) | 15.9% | 13.0% | 0.87 | 40.5% |
| Gold (GLD) | 8.1% | 29.6% | 0.26 | 15.7% |
| Commodities (DBC) | 43.1% | 20.8% | 1.61 | -17.2% |
| Real Estate (VNQ) | 2.2% | 13.6% | -0.09 | 17.1% |
| Bitcoin (BTCUSD) | -27.1% | 44.5% | -0.58 | 18.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IMMR | |
|---|---|---|---|---|
| IMMR | 3.4% | 46.0% | 0.22 | - |
| Sector ETF (XLK) | 21.3% | 25.9% | 0.73 | 38.0% |
| Equity (SPY) | 13.2% | 17.2% | 0.59 | 39.7% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | 8.7% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | 4.9% |
| Real Estate (VNQ) | 0.5% | 18.9% | -0.08 | 26.0% |
| Bitcoin (BTCUSD) | 13.9% | 52.3% | 0.44 | 24.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IMMR | |
|---|---|---|---|---|
| IMMR | 0.4% | 51.0% | 0.20 | - |
| Sector ETF (XLK) | 24.9% | 25.0% | 0.90 | 35.5% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 36.2% |
| Gold (GLD) | 11.8% | 16.4% | 0.58 | 5.9% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 9.5% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 22.3% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 14.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/23/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/14/2026 | -2.6% | -2.6% | |
| 7/27/2026 | 18.6% | 16.0% | 15.6% |
| 3/12/2025 | 0.6% | -2.3% | -7.4% |
| 12/16/2024 | 6.3% | -0.7% | -3.9% |
| 8/20/2024 | -0.3% | -10.9% | -10.5% |
| 3/7/2024 | 7.5% | 25.3% | 10.8% |
| 11/13/2023 | -2.4% | 3.7% | 6.7% |
| 8/11/2023 | 2.7% | 5.2% | 0.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 9 | 8 | 7 |
| Median Positive | 5.8% | 13.8% | 10.8% |
| Median Negative | -4.2% | -5.1% | -3.9% |
| Max Positive | 23.6% | 29.5% | 48.1% |
| Max Negative | -24.2% | -27.1% | -40.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/14/2026 | -2.6% | -2.6% | |
| 7/27/2026 | 18.6% | 16.0% | 15.6% |
| 3/12/2025 | 0.6% | -2.3% | -7.4% |
| 12/16/2024 | 6.3% | -0.7% | -3.9% |
| 8/20/2024 | -0.3% | -10.9% | -10.5% |
| 3/7/2024 | 7.5% | 25.3% | 10.8% |
| 11/13/2023 | -2.4% | 3.7% | 6.7% |
| 8/11/2023 | 2.7% | 5.2% | 0.6% |
| 5/10/2023 | -2.9% | -1.8% | 9.7% |
| 2/22/2023 | 5.2% | 13.8% | 18.0% |
| 11/14/2022 | 23.6% | 24.0% | 48.1% |
| 8/15/2022 | -11.8% | -7.6% | -3.1% |
| 5/12/2022 | 19.6% | 29.5% | 19.8% |
| 2/24/2022 | 5.4% | 11.0% | 10.1% |
| 11/3/2021 | -24.2% | -27.1% | -40.4% |
| 8/16/2021 | -10.8% | 0.0% | -1.2% |
| 5/6/2021 | -4.2% | -12.5% | 6.5% |
| 3/4/2021 | 0.0% | 15.3% | -2.2% |
| 11/5/2020 | -4.6% | 5.5% | 11.2% |
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 9 | 8 | 7 |
| Median Positive | 5.8% | 13.8% | 10.8% |
| Median Negative | -4.2% | -5.1% | -3.9% |
| Max Positive | 23.6% | 29.5% | 48.1% |
| Max Negative | -24.2% | -27.1% | -40.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/14/2026 | 10-Q |
| 04/30/2026 | 07/24/2026 | 10-K |
| 01/31/2026 | 05/04/2026 | 10-Q |
| 10/31/2025 | 04/14/2026 | 10-Q |
| 07/31/2025 | 03/26/2026 | 10-Q |
| 04/30/2025 | 03/12/2026 | 10-K |
| 01/31/2025 | 03/12/2025 | 10-Q |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 04/30/2024 | 11/08/2024 | 10-QT |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/14/2026 | 10-Q |
| 04/30/2026 | 07/24/2026 | 10-K |
| 01/31/2026 | 05/04/2026 | 10-Q |
| 10/31/2025 | 04/14/2026 | 10-Q |
| 07/31/2025 | 03/26/2026 | 10-Q |
| 04/30/2025 | 03/12/2026 | 10-K |
| 01/31/2025 | 03/12/2025 | 10-Q |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 04/30/2024 | 11/08/2024 | 10-QT |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/05/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 03/06/2020 | 10-K |
Insider Activity
Updated 9/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dodson, J Michael | Chief Financial Officer | Direct | Sell | 6162026 | 6.54 | 4,899 | 32,039 | 223,884 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dodson, J Michael | Chief Financial Officer | Direct | Sell | 6162026 | 6.54 | 4,899 | 32,039 | 223,884 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 9/30/2026