IMMR
Immersion Corporation

Immersion CorporationIMMR

Technology · Software - Application
7.20USD
-1.37%
Oct 31, 2026
IMMR overview ready
Immersion's haptics segment licenses patents, software, and design know-how to device makers and component partners.
Narrative is still early
Exposed to the Next-Generation Human–Machine Interfaces narrative through Haptic Interfaces and Tactile Feedback — enabling supplier.
No clear price read
Longer-term context reads early trend, with a near-term setup of daily advance.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on licensing agreements for revenue.
Market Oct 30Filing Jul 31Price action Oct 30Research Oct 16

Conviction Level

CompanyFit6.0PriceAction9.1Valuation6.5CompanyPosition7.3BusinessQuality5.7

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
Technology IP Licensing has only one or two eligible stocks — no leadership reading
Price
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Price Action

No clear price read
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$239.1M
Avg Volume (60D)
391.9K
60 sessions
Revenue Growth YoY
+11.2%
FY2026 vs FY2025
Gross Margin
+21.5%
Operating Margin
+1.9%
Trailing twelve months
Free Cash Flow Yield
+25.6%
Distance from 200DMA
+9.6%
Next Earnings
2026-12-15
P/E
23.1x
Market metrics as of Oct 30, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap.
Immersion Corporation has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 25.6% free-cash-flow yield, which the underlying economics comfortably support.

Company Research

Thesis
Immersion's haptics segment licenses patents, software, and design know-how to device makers and component partners. Separately, the consolidated company controls Barnes & Noble Education, a campus-bookstore and course-materials business that is not meaningfully tied to the haptics narrative.
Opportunity
Limited opportunity
Adoption of tactile-feedback hardware, control software, and intellectual property that makes digital interfaces more intuitive and immersive across gaming, mobile devices, wearables, automotive controls, XR, and specialized equipment.
Key risk
Dependence on licensing agreements for revenue.

Economic classification

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Business & Markets

Technology · Software - Application
What they do

Immersion Corporation develops and licenses patented haptic technology that enables user touch feedback on digital devices, operating through its Immersion segment and Barnes & Noble Education segment.

How it earns

The company generates revenue primarily through licensing its intellectual property and sales of educational content and merchandise.

Products & services
Haptic technology software and tools
Educational content and textbooks
Customers & end markets
Technology device manufacturers
Educational institutions and students
Market position

Niche player specializing in patented haptic feedback technology and educational content distribution.

Demand drivers
Medium cyclicality

Demand for technology licensing and educational products can fluctuate with consumer electronics cycles and academic calendars.