Quarterly ResultMay 4, 2026, 04:14 PM
Adeia Q1 Revenue $104.8M; Non-GAAP EPS $0.38; New Deals with AMD, Microsoft
AI Summary
Adeia Inc. announced strong financial results for the first quarter ended March 31, 2026, with revenue of $104.8 million 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. Strategic highlights include new multi-year license agreements with AMD and Microsoft, contributing to a 28% year-over-year increase in non-Pay-TV recurring revenue. Adeia also continued its capital allocation strategy by paying down $28.1 million in debt and repurchasing $10.0 million of common stock, while reiterating its full-year 2026 financial outlook.
Key Highlights
- Adeia signed new multi-year license agreements with AMD and Microsoft.
- Q1 2026 revenue was $104.8 million.
- Non-GAAP diluted EPS for Q1 2026 was $0.38.
- Generated $58.5 million in cash flow from operations.
- Achieved a 60% adjusted EBITDA margin, totaling $62.3 million.
- Paid down $28.1 million on its term loan, reducing the balance to $398.6 million.
- Repurchased $10.0 million of common stock (0.4 million shares).
- Non-Pay-TV recurring revenue increased 28% year-over-year.
- Reiterated full-year 2026 revenue outlook of $395.0M - $435.0M.
Price Impact
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