---
schema_version: "secwatch.filing_event.v1"
accession: "0000854775-23-000006"
form_type: "8-K"
ticker: "DGII"
cik: "0000854775"
company_name: "DIGI INTERNATIONAL INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:46:18.898898+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Digi International Q2: record revenue $111M, adj. EPS $0.50, ARR $99M, raises FY guidance to at least 12% growth

## Summary
- Revenue $111M (+17% YoY); GAAP EPS $0.16; adjusted EPS $0.50 (+22%).
- ARR ended quarter at $99M (+10% YoY); adjusted EBITDA $24M (+22%).
- IoT Products & Services revenue $86M, IoT Solutions revenue ~$25M; both segments set records.
- Q3 guidance: revenue $107-111M, adjusted EPS $0.47-0.49.
- FY23 revenue growth expectation raised to at least 12% from prior guidance.

## SEC filing metadata
- accession: 0000854775-23-000006
- form_type: 8-K
- ticker: DGII
- cik: 0000854775
- company_name: DIGI INTERNATIONAL INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/854775/000085477523000006/0000854775-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/854775/000085477523000006/dgii-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000854775-23-000006
- JSON: https://secwatch.observer/filing/0000854775-23-000006.json
- Plain text: https://secwatch.observer/filing/0000854775-23-000006.txt

## Key facts
- Earnings Releases
  DIGI INTERNATIONAL INC reported second fiscal quarter ended March 31, 2023 results: revenue $111 million, net income $0.16 per diluted share, EPS $0.50 per diluted share.
  - Period: second fiscal quarter ended March 31, 2023
  - Revenue: $111 million
  - Net income: $0.16 per diluted share
  - EPS: $0.50 per diluted share
  - Result: reported results
  source text: its financial results for its second fiscal quarter ended March 31, 2023. Second Fiscal Quarter 2023 Results Compared to Second Fiscal Quarter 2022 Results • Revenue was $111 million, an increase of 17%. • Gross profit margin was 56.6% versus 54.9%. Gross profit margin excluding amortization was 57.4% compared to 56.3%. • Net income per diluted share was
  evidence_url: https://www.sec.gov/Archives/edgar/data/854775/000085477523000006/0000854775-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.