Digi International's stock experienced a significant 24-hour plunge of 11.17%, with the sell-off beginning in after-hours trading and continuing into the subsequent intraday session.

The sharp decline followed the release of the company's first-quarter fiscal 2026 results, which revealed a substantial earnings miss. The IoT solutions provider reported quarterly earnings per share of $0.31, significantly below the consensus estimate of $0.55.

Investors reacted negatively to the earnings shortfall, leading to the after-hours and intraday selling pressure, despite the company posting revenue that exceeded analyst expectations.