Immersion Corp. (IMMR)

NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-10-23

$7.12-0.97%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Immersion Corp.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-10-31
Revenue	—	3.37M
EPS	—	0.039
Quarter ending 2027-01-31
Revenue	—	4.17M
EPS	—	0.111
Annual ending 2027-04-30
Revenue	—	14.32M
EPS	—	0.256
Annual ending 2028-04-30
Revenue	—	0

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Continue paying quarterly dividends at $0.075 per share	The company pays a steady dividend of $0.075 per share.	Intact	Dividend is cut below $0.075 per share	Required source inputs unavailable Cannot calculate Dividend per share from the available matching source inputs. Missing inputs are not treated as zero. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain compliance with Nasdaq listing rules	A primary condition in Immersion Corp.'s published investment case. The stated target is Resolve listing issues and maintain Nasdaq compliance.	Improving	Company is delisted or fails to meet Nasdaq rules	Qualitative condition This condition has no defined numerical measure. Context reviewed through Oct 23, 2026Last status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Newly stated in 2026-Q2. The company received a Nasdaq Staff Determination Letter due to failure to timely file its 10-Q, highlighting regulatory compliance challenges. No subsequent disclosures indicate resolution, so progress on this priority is mixed. Delivery assessment Oct 24, 2026
Improve operating income to achieve sustained profitability	A primary condition in Immersion Corp.'s published investment case. The stated target is Operating income >= $4.99M in 2026-Q3.	Intact	operating income falls below -$26M in any quarter after 2026-Q3	Operating income: $4.985M FY2026-Q3; GAAP. Published target: Operating income >= $4.99M in 2026-Q3. The target does not explicitly identify fiscal versus calendar quarters. Source published May 4, 20264,985,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q3 · Period ending Jan 31, 2026 Source: company_financial_results. Reference: 4411d2c1-cc86-4ce9-8801-706d72c396db. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. GAAP operating expenses decreased from $84.8M in 2025-Q1 to $80.4M in 2026-Q1, and operating income improved from a loss of $1.2M in 2025-Q4 to a gain of $7.2M in 2026-Q4. This indicates delivering progress on managing operating income and improving profitability. Delivery assessment Oct 24, 2026
Sustain revenue growth to support business recovery	A primary condition in Immersion Corp.'s published investment case. The stated target is >= $518M revenue in 2026-Q3.	Improving	revenue falls below $292M in any quarter after 2026-Q3	Revenue: $518.488M FY2026-Q3; GAAP. Published target: >= $518M revenue in 2026-Q3. The target does not explicitly identify fiscal versus calendar quarters. Source published May 4, 2026518,488,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q3 · Period ending Jan 31, 2026 Source: company_financial_results. Reference: 4411d2c1-cc86-4ce9-8801-706d72c396db. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 2 of last 2 quarters. Revenue was $294.4M in 2026-Q1 compared to $292.0M in 2025-Q1, showing slight growth. However, revenue declined from $284.9M in 2025-Q4 to $270.0M in 2026-Q4, indicating mixed delivery on sustaining revenue growth. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2028 · fiscal year ending 2028-04-30 · alphavantage

FY2028 EPS: comparable history unavailable.

FY2028 revenue: comparable history unavailable.

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2028 estimate observations · alphavantage
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-29	Unavailable	Unavailable	— / 0
2026-07-30	Unavailable	Unavailable	— / 0
2026-07-31	Unavailable	Unavailable	— / 0
2026-08-02	Unavailable	Unavailable	— / 0
2026-08-03	Unavailable	Unavailable	— / 0
2026-08-04	Unavailable	Unavailable	— / 0
2026-08-05	Unavailable	Unavailable	— / 0
2026-08-06	Unavailable	Unavailable	— / 0
2026-08-08	Unavailable	Unavailable	— / 0
2026-08-09	Unavailable	Unavailable	— / 0
2026-08-10	Unavailable	Unavailable	— / 0
2026-08-12	Unavailable	Unavailable	— / 0
2026-08-14	Unavailable	Unavailable	— / 0
2026-08-15	Unavailable	Unavailable	— / 0
2026-08-16	Unavailable	Unavailable	— / 0
2026-08-17	Unavailable	Unavailable	— / 0
2026-08-18	Unavailable	Unavailable	— / 0
2026-08-19	Unavailable	Unavailable	— / 0
2026-08-20	Unavailable	Unavailable	— / 0
2026-08-21	Unavailable	Unavailable	— / 0
2026-08-22	Unavailable	Unavailable	— / 0
2026-08-23	Unavailable	Unavailable	— / 0
2026-08-24	Unavailable	Unavailable	— / 0
2026-08-25	Unavailable	Unavailable	— / 0
2026-08-26	Unavailable	Unavailable	— / 0
2026-08-27	Unavailable	Unavailable	— / 0
2026-08-28	Unavailable	Unavailable	— / 0
2026-08-29	Unavailable	Unavailable	— / 0
2026-08-30	Unavailable	Unavailable	— / 0
2026-08-31	Unavailable	Unavailable	— / 0
2026-09-01	Unavailable	Unavailable	— / 0
2026-09-02	Unavailable	Unavailable	— / 0
2026-09-03	Unavailable	Unavailable	— / 0
2026-09-04	Unavailable	Unavailable	— / 0
2026-09-05	Unavailable	Unavailable	— / 0
2026-09-06	Unavailable	Unavailable	— / 0
2026-09-07	Unavailable	Unavailable	— / 0
2026-09-08	Unavailable	Unavailable	— / 0
2026-09-09	Unavailable	Unavailable	— / 0
2026-09-10	Unavailable	Unavailable	— / 0
2026-09-11	Unavailable	Unavailable	— / 0
2026-09-12	Unavailable	Unavailable	— / 0
2026-09-13	Unavailable	Unavailable	— / 0
2026-09-14	Unavailable	Unavailable	— / 0
2026-09-15	Unavailable	Unavailable	— / 0
2026-09-16	Unavailable	Unavailable	— / 0
2026-09-17	Unavailable	Unavailable	— / 0
2026-09-18	Unavailable	Unavailable	— / 0
2026-09-19	Unavailable	Unavailable	— / 0
2026-09-20	Unavailable	Unavailable	— / 0
2026-09-30	Unavailable	Unavailable	— / 0
2026-10-01	Unavailable	Unavailable	— / 0
2026-10-02	Unavailable	Unavailable	— / 0
2026-10-03	Unavailable	Unavailable	— / 0
2026-10-04	Unavailable	Unavailable	— / 0
2026-10-05	Unavailable	Unavailable	— / 0
2026-10-06	Unavailable	Unavailable	— / 0
2026-10-07	Unavailable	Unavailable	— / 0
2026-10-08	Unavailable	Unavailable	— / 0
2026-10-09	Unavailable	Unavailable	— / 0
2026-10-10	Unavailable	Unavailable	— / 0
2026-10-11	Unavailable	Unavailable	— / 0
2026-10-12	Unavailable	Unavailable	— / 0
2026-10-13	Unavailable	Unavailable	— / 0
2026-10-14	Unavailable	Unavailable	— / 0
2026-10-15	Unavailable	Unavailable	— / 0
2026-10-16	Unavailable	Unavailable	— / 0
2026-10-17	Unavailable	Unavailable	— / 0
2026-10-18	Unavailable	Unavailable	— / 0
2026-10-19	Unavailable	Unavailable	— / 0
2026-10-20	Unavailable	Unavailable	— / 0
2026-10-21	Unavailable	Unavailable	— / 0
2026-10-22	Unavailable	Unavailable	— / 0
2026-10-23	Unavailable	Unavailable	— / 0
2026-10-24	Unavailable	Unavailable	— / 0

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-06-01	1	0	0
2026-07-01	1	0	0
2026-08-01	1	0	0
2026-09-01	1	0	0
2026-10-01	1	0	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 1 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Continue paying quarterly dividends at $0.075 per shareRequired source inputs unavailable
Maintain compliance with Nasdaq listing rulesQualitative condition
Improve operating income to achieve sustained profitabilityOperating income: $4.985M
Sustain revenue growth to support business recoveryRevenue: $518.488M

Next proof point

Next earnings date unavailable

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.2%Typical daily move · historical

Downside history

-22.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Immersion Corp. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is a cheap-versus-peers, higher-risk company with a thesis that depends on continued execution rather than a clearly established growth trend. The long-term thesis is intact, supported by recent earnings beats, but management execution and earnings quality remain volatile and fragile.

What's priced into Immersion Corp.

The evidence describes IMMR as cheap versus peers, and its valuation score has fallen from 78.3 to 60.8. The available evidence does not specify what earnings or growth expectations the market assumes, so the expectations gap is unclear; low priced-in fragility suggests weak execution is not being treated as the full expensive, weak, and turbulent combination.

What the fundamentals likely do

Recent results include earnings beats in July and September, while overall financial performance is rated neutral and remains in the top half of the industry. Near term, the risk of a miss is described as quiet, but erratic surprises and smaller-company status remain concerns; a guidance cut would be a meaningful negative. Management continues to emphasize intellectual property and dividends, but delivery on the intellectual property goal lacks direct financial milestones, and Nasdaq filing compliance remains unresolved in the evidence.

What Immersion Corp. hinges on

Over the next few quarters, the thesis hinges on avoiding a guidance cut and showing steadier execution. Over the multi-year view, clearer evidence that intellectual property is being monetized would strengthen the business case. Interest-rate changes and results from major technology companies may affect the sector backdrop, but they do not replace company-specific progress.