Digi FY26 Q3 net income climbs 54% to $16 million; revenue rises 29% to $139 million

Digi International posted fiscal Q3 revenue of $139 million, up 29% from a year earlier, on record quarterly sales.

GAAP net income climbed 54% to $16 million, lifting diluted EPS 48% to $0.40.

Non-GAAP adjusted EBITDA rose 47% to $40 million; ARR ended the quarter at a record $191 million, up 52%.

Operating cash flow increased to $33 million from $24 million, with the change tied to lower deferred tax benefits under the One Big Beautiful Bill Act.

Full-year revenue outlook was raised to $529 million-$533 million; adjusted EBITDA forecast increased to $146 million-$147.5 million.