Digi International (NASDAQ:DGII) Releases Q3 2026 Earnings Guidance

Key Points

• Q3 guidance beat consensus: Digi set Q3 2026 EPS guidance of $0.650–$0.680 (consensus $0.550) and revenue guidance of $130.0M–$134.0M (consensus $126.1M), following a quarter where it reported $0.62 EPS and $130.74M in revenue, both above estimates.
• Market and analyst backdrop: Shares traded up to $58.85 (+0.7%) after the update, while analysts hold a mix of Buy/Hold ratings with an average "Moderate Buy" and a mean price target of $49.80, below the current share price.

Digi International (NASDAQ:DGII - Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.650-0.680 for the period, compared to the consensus estimate of 0.550. The company issued revenue guidance of $130.0 million-$134.0 million, compared to the consensus revenue estimate of $126.1 million.

Analysts Set New Price Targets

Several research firms recently issued reports on DGII. Wall Street Zen raised Digi International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Zacks Research upgraded Digi International from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Weiss Ratings restated a "hold (c+)" rating on shares of Digi International in a report on Monday, March 23rd. Finally, Craig Hallum restated a "buy" rating and set a $50.00 price target on shares of Digi International in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Digi International has an average rating of "Moderate Buy" and an average price target of $49.80.

Digi International Stock Up 0.7%

NASDAQ DGII traded up $0.41 during trading hours on Wednesday, hitting $58.85. 263,076 shares of the company were exchanged, compared to its average volume of 295,630. The company has a 50 day moving average of $51.59 and a two-hundred day moving average of $45.67. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. Digi International has a 52-week low of $27.71 and a 52-week high of $59.40. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 52.54 and a beta of 0.94.

Digi International (NASDAQ:DGII - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The company had revenue of $130.74 million for the quarter, compared to the consensus estimate of $125.03 million. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Equities research analysts anticipate that Digi International will post 1.87 earnings per share for the current year.

Insider Activity

In other news, VP David H. Sampsell sold 5,000 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total value of $228,700.00. Following the transaction, the vice president owned 24,740 shares in the company, valued at approximately $1,131,607.60. This represents a 16.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Satbir Khanuja sold 6,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total value of $276,000.00. Following the completion of the transaction, the director owned 85,298 shares in the company, valued at approximately $3,923,708. The trade was a 6.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,455 shares of company stock worth $616,357. 3.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DGII. GW&K Investment Management LLC purchased a new position in Digi International during the 4th quarter worth approximately $2,410,000. Ameriprise Financial Inc. grew its stake in Digi International by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company's stock worth $22,736,000 after buying an additional 46,659 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its stake in Digi International by 65.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 47,468 shares of the technology company's stock worth $2,055,000 after buying an additional 18,706 shares during the last quarter. Verity Asset Management Inc. purchased a new position in Digi International during the 3rd quarter worth approximately $464,000. Finally, Millennium Management LLC grew its stake in Digi International by 138.3% during the 4th quarter. Millennium Management LLC now owns 19,055 shares of the technology company's stock worth $825,000 after buying an additional 11,059 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Digi International Company Profile

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi's solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.