Key Highlights
- Second-quarter 2026 Revenue was USD 96.1 million, compared with USD 85.7 million a year earlier, and adjusted EBITDA was USD 56.4 million.
- The company signed six licence agreements in the quarter, adding 12 new customers, and Non-Pay-TV Recurring Revenue grew 54 per cent year on year.
- Management reiterated full-year 2026 guidance of USD 395 million to USD 435 million in revenue, and Q3 results are due on 2 November.
Results due on 2 November
Adeia Inc. (NASDAQ:ADEA), which licenses patented technologies in media and semiconductors, has scheduled its third-quarter 2026 results for Monday 2 November 2026, with a conference call at 5:00 p.m. Eastern. Ahead of that date, the most recent reported figures are those for the second quarter, released on 3 August 2026.
Second-quarter revenue was USD 96.1 million, compared with USD 85.7 million a year earlier and USD 104.8 million in the first quarter. Six-month revenue was USD 200.9 million, with six-month adjusted EBITDA of USD 118.7 million and GAAP Net Income of USD 40.1 million. Chief executive Paul Davis said the quarter's revenue was in line with the company's expectations.
Earnings and cash generation
GAAP net income was USD 17.4 million against USD 16.7 million, while GAAP diluted Earnings per share were USD 0.15 in both periods. Non-GAAP Diluted Earnings per Share rose to USD 0.34 from USD 0.25. Operating Income increased to USD 25.4 million from USD 16.4 million, and adjusted EBITDA was USD 56.4 million against USD 45.7 million. Litigation expense fell to USD 5.3 million from USD 7.2 million; the release gives no detail on individual cases or outcomes.
Cash flow from operations was USD 54.6 million in the quarter and USD 113.1 million for the half. Cash and equivalents stood at USD 72.8 million at 30 June 2026, or USD 137.1 million including marketable securities. The company paid down USD 6.1 million of its term loan, leaving USD 392.6 million outstanding. That compares with USD 398.6 million at 31 March 2026, so Debt reduction continues.
Licensing activity and Capital returns
The company signed six licence agreements in the quarter, adding 12 new customers, the most in a single quarter. These included a multi-year renewal with Google covering YouTube TV, a multi-year agreement through RPX covering 10 new E-commerce customers, and a new multi-year licence with L'Oréal. Non-Pay-TV recurring revenue grew 54 per cent year on year, which reduces dependence on traditional pay-television licensees.
On capital allocation, Adeia repurchased USD 10.0 million of stock, about 0.4 million shares, in the quarter, with USD 140.0 million remaining under its programme. It declared a Dividend of USD 0.05 per share, payable on 14 September 2026 to holders of record on 24 August 2026.
Guidance and what to watch
Management reiterated its full-year 2026 guidance. These are forecasts rather than reported results. They include revenue of USD 395 million to USD 435 million, and adjusted EBITDA of USD 213.4 million to USD 245.4 million. First-half revenue of USD 200.9 million means the second half must deliver roughly USD 194 million to USD 234 million for the full year to land within the range.
The company also raised its long-term annual revenue outlook to USD 600 million from USD 500 million, citing a semiconductor target of USD 200 million and an unchanged media target of USD 400 million. These are ambitions, not forecasts for a specific year.
For the November report, points to follow include whether the recurring non-Pay-TV base keeps growing, how litigation costs evolve, and the pace of term Loan reduction. In the first quarter, the company also announced multi-year agreements with AMD, covering semiconductors including hybrid bonding, and with Microsoft in media, which frames the semiconductor ambition.






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