Immersion Corp. (IMMR) announced Thursday that it has entered into a multi-year license agreement with Samsung Electronics. Immersion will license its TouchSense and Integrator solutions as well as cover Samsung's prior and future use of simple forms of haptic effects termed Basic Haptic, in smartphones and other mobile devices.
Immersion now expects full-year revenue in the range of $44 million to $48 million, up from its earlier guidance of $28 million-$32 million.
Immersion gapped up Thursday and has spiked higher in early trade. The stock is now up 2.01 at $8.28 on above average volume and has surged to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.