The industrial IoT firm raised its 2026 revenue outlook to $529M-$533M amid strong demand for mission-critical connectivity solutions.
Digi International reported Q3 2026 adjusted earnings per share of $0.75 to $0.78, aligning with its updated guidance. The company also raised its full-year revenue outlook to a range of $529 million to $533 million, citing robust demand for industrial IoT applications.
Prior to the update, Digi had not disclosed a specific revenue target for the year. The revised forecast reflects growth in mission-critical connectivity solutions, particularly in sectors prioritizing reliability and remote presence. CEO Ronald Konezny emphasized customer focus on ROI-driven outcomes during the earnings call.
The announcement underscores Digi’s positioning in industrial IoT, where reliability remains a key driver for adoption. No immediate market reaction was detailed in the report.