Quarterly ResultMay 4, 2026, 04:08 PM
Adeia Q1 Revenue $104.8M, EPS $0.21; Signs AMD, Microsoft Deals
AI Summary
Adeia Inc. reported a strong start to 2026 with first-quarter revenue of $104.8 million, GAAP diluted EPS of $0.21, and non-GAAP diluted EPS of $0.38. The company generated $58.5 million in operating cash flow and maintained a 60% adjusted EBITDA margin. Key business highlights include signing new multi-year license agreements with AMD and Microsoft, along with 6 other deals, expanding its IP portfolio reach. Adeia also reduced its debt by $28.1 million, bringing the outstanding balance to less than $400 million, and repurchased $10.0 million of common stock. The company reiterated its full-year 2026 financial outlook.
Key Highlights
- Signed new multi-year license agreements with AMD and Microsoft.
- Q1 2026 revenue was $104.8 million, up from $87.7 million year-over-year.
- GAAP diluted EPS was $0.21, and non-GAAP diluted EPS was $0.38.
- Generated $58.5 million in cash flow from operations.
- Paid down $28.1 million in debt, reducing the outstanding balance to $398.6 million.
- Repurchased $10.0 million of common stock.
- Declared a quarterly cash dividend of $0.05 per share.
- Non-Pay-TV recurring revenue increased 28% year-over-year.