Digi International Reports Record Fiscal 2026 Results and Announces Acquisition of Disruptive Technologies
Digi International (DGII) reported record financial results for fiscal year 2026, characterized by a 24% increase in full-year revenue. This growth was driven by an even split between one-time and recurring revenue streams. The company demonstrated strong cash generation of $153 million, significantly reducing its net debt position to $39 million. A major strategic move includes the pending $130 million acquisition of Disruptive Technologies, expected to close on November 30, 2026. This acquisition is intended to bolster Digi's IoT capabilities and transition more revenue toward recurring subscription models. For fiscal 2027, management provided optimistic guidance, projecting revenue growth between 10% and 15% and adjusted EPS growth of 27% to 34% in the first quarter.