Identiv Reports First Quarter 2026 Financial Results, Exceeds Q1 Guidance

Rhea-AI Summary

Identiv (NASDAQ: INVE) reported first quarter 2026 revenue of $7.4 million, above prior guidance and up from $5.3 million a year earlier, helped by one customer ordering its full-year 2026 volume in Q1.

GAAP gross margin rose to 17.4%, GAAP net loss narrowed to $3.4 million ($0.15 per share). Non-GAAP gross margin reached 23.8%. GAAP operating expenses were $5.5 million. For Q2 2026, net revenue guidance is $5.4–$6.0 million.

Positive

• Q1 2026 revenue rose to $7.4M from $5.3M in Q1 2025
• Q1 2026 GAAP gross margin improved to 17.4% from 2.5%
• Q1 2026 non-GAAP gross margin increased to 23.8% from 10.8%
• GAAP net loss narrowed to $3.4M from $4.8M year-over-year
• GAAP operating expenses declined to $5.5M from $5.6M
• Non-GAAP operating expenses decreased to $4.4M from $4.5M

Negative

• Company remained unprofitable with Q1 2026 GAAP net loss of $3.4M
• Q1 2026 revenue included a customer's full-year 2026 order pulled into Q1
• Q2 2026 net revenue guidance is limited to a $5.4M–$6.0M range

News Market Reaction – INVE

-17.84%

17 alerts

-17.84% Session close to close

-12.9% Trough in 17 hr 42 min

$115.69M Market Cap

0.4x Rel. Volume

In the May 14 session, INVE declined 17.84%, reflecting a significant negative market reaction. Argus tracked a trough of -12.9% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -17.8% in the session following this news. A negative reaction despite exceeding g...

Analysis

The stock dropped -17.8% in the session following this news. A negative reaction despite exceeding guidance would fit prior instances where improved margins did not prevent drawdowns, as seen after Q3 2025 results. With average earnings-related moves of roughly 0.21%, a sharp decline could signal concerns about sustainability of Q1 revenue, especially with one customer ordering a full-year volume in Q1 and Q2 2026 guidance of $5.4–$6.0 million. Subsequent quarters’ execution would be key to reassessing sentiment.

Key Figures

Q1 2026 revenue: $7.4 million Q1 2025 revenue: $5.3 million Q1 2026 GAAP gross margin: 17.4% +5 more

8 metrics

Q1 2026 revenue $7.4 million First quarter 2026; exceeded previously announced guidance and Q1 2025

Q1 2025 revenue $5.3 million Prior-year first quarter comparison for 2026 results

Q1 2026 GAAP gross margin 17.4% First quarter 2026 GAAP gross margin

Q1 2026 non-GAAP gross margin 23.8% First quarter 2026 non-GAAP gross margin

Q1 2026 GAAP net loss $3.4 million First quarter 2026 GAAP net loss, narrower than Q1 2025

Q1 2026 EPS (GAAP) ($0.15) per share First quarter 2026 GAAP net loss per basic and diluted share

Inventory & warranty charges $0.5 million Obsolete inventory write-down and warranty claim in Q1 2025 cost of revenue

Q2 2026 revenue guidance $5.4–$6.0 million Management net revenue outlook for second quarter 2026

Previous Earnings Reports

5 past events · Latest: Apr 29 (Neutral)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 29	Earnings call notice	Neutral	-2.3%	Scheduled Q1 2026 earnings call and provided access details for investors.
Mar 12	Q4 and FY25 results	Positive	+6.7%	Reported Q4 and 2025 results exceeding guidance and signing BLE supply agreement.
Feb 19	Earnings call notice	Neutral	+0.9%	Announced date and access for Q4 and FY25 earnings teleconference.
Nov 10	Q3 2025 results	Positive	-3.7%	Q3 2025 revenue dip but clear gross margin and expense improvements with guidance.
Aug 07	Q2 2025 results	Negative	-0.6%	Challenging Q2 2025 results with revenue decline and sizable GAAP net loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings and related announcements have produced relatively modest and mixed price reactions, with one notable divergence on a positive Q3 2025 report.

Recent Company History

Over the past few quarters, Identiv has used earnings and related updates to highlight its transformation into a focused IoT RFID and BLE business. Prior results showed improving gross margins and narrowing losses driven by the transition of manufacturing to Thailand and tighter expense control. Positive Q4 2025 results with guidance for Q1 2026 saw a 6.65% gain, while earlier Q3 2025 earnings with margin improvement but lower revenue saw a 3.66% decline. Today’s Q1 2026 beat fits this ongoing efficiency and cost-optimization narrative.

Key Terms

rfid, internet of things (iot), gaap, non-gaap

4 terms

rfid technical

"a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions"

RFID, or Radio Frequency Identification, is a technology that uses radio waves to automatically identify and track objects, animals, or people. It involves small tags or chips that emit signals when scanned, similar to a barcode but without needing direct line-of-sight. For investors, RFID enhances supply chain efficiency and inventory management, potentially reducing costs and improving business operations.

internet of things (iot) technical

"RFID- and BLE-enabled Internet of Things (IoT) solutions, today released its financial"

The internet of things (IoT) describes a network of everyday objects—such as appliances, vehicles, and devices—that are connected to the internet and can share data automatically. This connectivity enables these objects to function more efficiently and provides valuable insights for businesses and consumers alike. For investors, IoT represents a growing area of technological innovation with the potential to transform industries and create new market opportunities.

gaap financial

"First quarter 2026 GAAP gross margin was 17.4% and non-GAAP gross margin was 23.8%"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial

"GAAP gross margin was 17.4% and non-GAAP gross margin was 23.8%"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Perform-Accelerate-Transform Strategy Continued to Drive Momentum in Sales Growth and Execution of Strategic Development Programs

SANTA 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.

"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 2026
Revenue 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 diluted share, compared to GAAP net loss of ($4.8) million, or ($0.21) per basic and diluted share, in the first quarter of 2025. This improvement was primarily due to higher sales in Q1 2026, increased gross margin due to the transition of manufacturing to Thailand and the impact of charges to cost of revenue related to the write-down of obsolete inventory and a warranty claim totaling approximately $0.5 million in the first quarter of 2025.

Financial Outlook
Identiv provides guidance based on current market conditions and expectations, including macroeconomic conditions and customer demand. For the second quarter of 2026, management currently expects net revenue to be in the range of $5.4 million to $6.0 million.

Conference Call
Identiv management will hold a conference call today, May 13, 2026, at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss the company's first quarter 2026 financial results. A question-and-answer session will follow management's presentation.

Toll-Free: +1 888-506-0062
International Number: +1 973-528-0011
Call ID: 528020
Webcast link: Register and Join

The teleconference replay will be available through Wednesday, May 27, 2026, by dialing +1 877-481-4010 (Toll-Free Replay Number) or +1 919-882-2331 (International Replay Number) and entering passcode 53919.

If you have any difficulty connecting with the teleconference, please contact Identiv Investor Relations at IR@identiv.com.

About Identiv
Identiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com | Follow us on LinkedIn @Identiv

Non-GAAP Financial Measures
This press release includes financial information that has not been prepared in accordance with accounting principles generally accepted in the United States (GAAP), including non-GAAP adjusted EBITDA, non-GAAP gross profit, non-GAAP gross margin and non-GAAP operating expenses. Identiv uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating ongoing operational performance. Identiv believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. Non-GAAP gross profit and margin exclude stock-based compensation and amortization and depreciation. Non-GAAP adjusted EBITDA excludes items that are included in GAAP net loss, GAAP operating expenses, and GAAP gross margin, and excludes income tax provision, interest income, net, foreign currency gains (losses), net, stock-based compensation, amortization and depreciation, restructuring and severance, and strategic review-related costs. Non-GAAP operating expenses exclude stock-based compensation, amortization and depreciation, strategic review-related costs, and restructuring and severance. The exclusions are detailed in the reconciliation table included in this press release. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures as detailed in this press release.

Note Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well as the current beliefs and assumptions of management of Identiv and can be identified by words such as "anticipate," "believe," "continue," "plan," "will," "intend," "expect," "outlook," and similar references to the future. Any statement that is not a historical fact is a forward-looking statement, including statements regarding Identiv's expectations regarding its future operating and financial outlook and performance, including second quarter 2026 guidance and outlook; Identiv's strategy, opportunities, focus and goals; and Identiv's expectations and beliefs regarding execution of its Perform-Accelerate-Transform (P-A-T) strategy, including the areas of Identiv's expected focus. Forward-looking statements are only predictions and are subject to a number of risks and uncertainties, many of which are outside Identiv's control, which could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, Identiv's ability to continue the momentum in its business; Identiv's ability to successfully execute its business strategy; the ability to perform under and comply with the provisions of its multi-year supply agreement; the termination of the supply agreement; Identiv's ability to capitalize on trends in its business and the continuation of those trends; Identiv's ability to satisfy customer demand and expectations; the level and timing of customer orders and changes/cancellations; the loss of customers, suppliers or partners; the success of Identiv's products and strategic partnerships; the impact of manufacturing difficulties or delays; the ability to continue to achieve cost and efficiency gains; Identiv's ability to successfully enter into definitive agreements for strategic partnerships or collaborations; the impact of macroeconomic conditions and customer demand, inflation, tariffs and increases in prices; and the other factors discussed in its periodic reports, including its Annual Report on Form 10-K for the year ended December 31, 2025, as amended, and subsequent reports filed with the Securities and Exchange Commission. All forward-looking statements are based on information available to Identiv on the date hereof, and Identiv assumes no obligation to update such statements.

Investor Relations Contact
IR@identiv.com

Media Contact
press@identiv.com

Identiv, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
	Three Months Ended
	March 31,		December 31,		March 31,
	2026		2025		2025
Net revenue	$7,413		$6,166		$5,269
Cost of revenue	6,122		5,051		5,137
Gross profit	1,291		1,115		132
Operating expenses:
Research and development	1,001		773		787
Selling and marketing	1,349		1,261		1,407
General and administrative	3,123		3,348		3,146
Restructuring and severance	22		442		260
Total operating expenses	5,495		5,824		5,600
Loss from operations	(4,204)		(4,709)		(5,468)
Non-operating income (expense):
Interest income, net	1,047		1,182		1,212
Foreign currency gains (losses), net	(286)		277		(530)
Loss from operations before income tax provision	(3,443)		(3,250)		(4,786)
Income tax provision	(5)		(471)		(3)
Net loss	(3,448)		(3,721)		(4,789)
Cumulative dividends on Series B convertible preferred stock	(211)		(207)		(205)
Net loss available to common stockholders	$(3,659)		$(3,928)		$(4,994)
Net loss per common share:
Basic and diluted	$(0.15)		$(0.16)		$(0.21)
Weighted average common shares outstanding:
Basic and diluted	24,037		23,917		23,599

 

Identiv, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
	March 31,				December 31,
	2026				2025
ASSETS
Current assets:
Cash and cash equivalents	$124,525				$128,609
Restricted cash	300				300
Accounts receivable, net of allowances	3,212				4,070
Inventories	8,913				7,419
Prepaid expenses and other current assets	1,965				2,267
Total current assets	138,915				142,665
Property and equipment, net	7,676				7,316
Operating lease right-of-use assets	717				841
Other assets	326				515
Total assets	$147,634				$151,337
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$6,504				$3,619
Operating lease liabilities	312				331
Deferred revenue	—				2,760
Accrued compensation and related benefits	888				776
Accrued income taxes payable	289				288
Other accrued expenses and liabilities	1,351				1,619
Total current liabilities	9,344				9,393
Long-term operating lease liabilities	418				525
Other long-term liabilities	720				718
Total liabilities	10,482				10,636
Total stockholders' equity	137,152				140,701
Total liabilities and stockholders' equity	$147,634				$151,337

 

Identiv, Inc.
Reconciliation of GAAP to Non-GAAP Financial Information
(in thousands)
(unaudited)
		Three Months Ended
		March 31,			December 31,			March 31,
		2026			2025			2025
Reconciliation of GAAP gross margin to non-GAAP gross margin
GAAP gross profit		$1,291			$1,115			$132
Reconciling items included in GAAP gross profit:
Stock-based compensation		6			6			4
Amortization and depreciation		470			458			434
Total reconciling items included in GAAP gross profit		476			464			438
Non-GAAP gross profit		$1,767			$1,579			$570
Non-GAAP gross margin		24 %			26 %			11 %
Reconciliation of GAAP operating expenses to non- GAAP operating expenses
GAAP operating expenses		$5,495			$5,824			$5,600
Reconciling items included in GAAP operating expenses:
Stock-based compensation		(614)			(785)			(792)
Amortization and depreciation		(71)			(56)			(57)
Strategic review-related costs		(367)			(488)			(4)
Restructuring and severance		(22)			(442)			(260)
Total reconciling items included in GAAP operating expenses		(1,074)			(1,771)			(1,113)
Non-GAAP operating expenses		$4,421			$4,053			$4,487
Reconciliation of GAAP net loss to non-GAAP adjusted EBITDA
GAAP net loss		$(3,448)			$(3,721)			$(4,789)
Reconciling items included in GAAP net loss:
Income tax provision		5			471			3
Interest income, net		(1,047)			(1,182)			(1,212)
Foreign currency gains (losses), net		286			(277)			530
Stock-based compensation		620			791			796
Amortization and depreciation		541			514			491
Strategic review-related costs		367			488			4
Restructuring and severance		22			442			260
Total reconciling items included in GAAP net loss		794			1,247			872
Non-GAAP adjusted EBITDA		$(2,654)			$(2,474)			$(3,917)

 

View original content:https://www.prnewswire.com/news-releases/identiv-reports-first-quarter-2026-financial-results-exceeds-q1-guidance-302770230.html

SOURCE Identiv

FAQ

What were Identiv (NASDAQ: INVE) Q1 2026 earnings results?

Identiv reported a Q1 2026 GAAP net loss of $3.4 million, or $0.15 per share. According to Identiv, higher sales and improved gross margin, including benefits from manufacturing shifts and prior-year inventory and warranty charges, helped narrow the loss versus Q1 2025.

How did Identiv’s Q1 2026 revenue compare to Q1 2025 for INVE stock?

Identiv’s Q1 2026 revenue was $7.4 million, up from $5.3 million in Q1 2025. According to Identiv, this increase exceeded guidance and included the benefit of one customer ordering its full-year 2026 sales volume during the first quarter.

What were Identiv’s Q1 2026 gross margins and operating expenses (INVE)?

Identiv posted Q1 2026 GAAP gross margin of 17.4% and non-GAAP gross margin of 23.8%. According to Identiv, GAAP operating expenses were $5.5 million and non-GAAP operating expenses were $4.4 million, both slightly lower than in Q1 2025.

What guidance did Identiv (INVE) give for Q2 2026 revenue?

For Q2 2026, Identiv expects net revenue between $5.4 million and $6.0 million. According to Identiv, this outlook reflects current market conditions, macroeconomic factors, and anticipated customer demand as management continues executing its Perform-Accelerate-Transform strategic programs.

How did manufacturing changes affect Identiv’s Q1 2026 financial performance?

Manufacturing changes contributed to higher margins in Q1 2026. According to Identiv, improved utilization at its Thailand facility and elimination of Singapore production costs, plus prior-year inventory write-down and warranty charges, supported the gross margin increase versus Q1 2025.

Did Identiv mention any one-time factors in its Q1 2026 results for INVE?

Yes. According to Identiv, Q1 2026 revenue benefited from one customer ordering its full-year 2026 volume in the quarter. The company also highlighted prior-year inventory write-down and warranty charges totaling about $0.5 million that affected Q1 2025 margins.