Stock Track | Digi International Plunges 6.53% After-Hours on Q1 Earnings Miss
Stock Track
Feb 05
Digi International's stock fell sharply in after-hours trading, dropping 6.53% following the release of its first-quarter fiscal 2026 results.
The IoT solutions provider reported quarterly earnings per share of $0.31, significantly below the consensus estimate of $0.55. This earnings miss came despite the company posting revenue of $122.46 million, which exceeded analyst expectations of $116.1 million.
While Digi International provided second-quarter revenue guidance that was above consensus and reported adjusted metrics that beat estimates, investors focused on the substantial gap between reported earnings and expectations, leading to the after-hours sell-off.
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