Business
Identiv Reports First Quarter 2026 Financial Results, Exceeds Q1 Guidance
Perform-Accelerate-Transform Strategy Continued to Drive Momentum in Sales Growth and Execution of Strategic Development ProgramsSANTA ANA, Calif., May 13,
About this update from Identiv, Inc.
[{"type":"text","content":"Perform-Accelerate-Transform Strategy Continued to Drive Momentum in Sales Growth and Execution of Strategic Development ProgramsSANTA ANA, Calif., May 13, 2026 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, today released its financial results for the first quarter of 2026.\n\"During the recent quarter, I am pleased to share that we delivered results that exceeded our guidance and expectations. Our financial performance reflects strong demand from our customers at the start of the year and our ability to convert our opportunity pipeline into sales,\" said Identiv CEO Kirsten Newquist. \"Our Perform-Accelerate-Transform (P-A-T) strategy continued to drive our momentum in the first quarter and positions us well as we focus on the execution of our most important development programs.\"Financial Results for Fiscal First Quarter 2026Revenue for the first quarter of 2026 was $7.4 million, exceeding previously announced guidance, compared to $5.3 million in the first quarter of 2025. This year-over-year increase was slightly higher than expected and included the benefit of one of Identiv's customers ordering their full-year 2026 sales volume in Q1.First quarter 2026 GAAP gross margin was 17.4% and non-GAAP gross margin was 23.8%, compared to first quarter 2025 GAAP gross margin of 2.5% and non-GAAP gross margin of 10.8%. The year-over-year improvement primarily reflects the continued cost savings and efficiencies achieved in Identiv's production processes, improved utilization at the Thailand facility, and the elimination of manufacturing production costs incurred from the Singapore operation in the first quarter of 2025.GAAP operating expenses, including research and development, selling and marketing, general and administrative, and restructuring and severance, were $5.5 million in the first quarter of 2026, compared to $5.6 million in the first quarter of 2025. Non-GAAP operating expenses were $4.4 million in the first quarter of 2026, compared to $4.5 million in the first quarter of 2025. The management of non-GAAP operating expenses reflects lower restructuring and severance expenses, partially offset by higher strategic review-related costs incurred in the first quarter of 2026.First quarter 2026 GAAP net loss was ($3.4) million, or ($0.15) per basic and...