Quarterly ResultMay 7, 2026, 04:28 PM
Xperi Q1 Net Loss Narrows to $(7.83)M; Revenue $114.21M
AI Summary
Xperi Inc. reported a significant improvement in its financial performance for the first quarter of 2026, with net loss narrowing to $(7.83) million, compared to $(18.37) million in the prior year. Revenue saw a slight increase to $114.21 million. The company also achieved an operating income of $2.15 million, a substantial turnaround from an operating loss of $(16.44) million in Q1 2025, primarily driven by reduced operating expenses, particularly in research and development.
Key Highlights
- Net loss narrowed to $(7,826) thousand in Q1 2026 from $(18,366) thousand in Q1 2025.
- Revenue slightly increased to $114,206 thousand in Q1 2026 from $114,033 thousand in Q1 2025.
- Net loss per share improved to $(0.17) in Q1 2026 from $(0.41) in Q1 2025.
- Operating income was $2,151 thousand in Q1 2026, a turnaround from $(16,440) thousand operating loss in Q1 2025.
- Research and development expenses decreased to $27,083 thousand in Q1 2026 from $39,549 thousand in Q1 2025.
- Connected Car revenue grew to $38,064 thousand in Q1 2026 from $33,286 thousand in Q1 2025.
- Media Platform revenue increased to $11,736 thousand in Q1 2026 from $8,085 thousand in Q1 2025.
- Cash and cash equivalents were $70,422 thousand as of March 31, 2026.
Price Impact
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