Quarterly ResultAug 6, 2026, 04:30 PM
Xperi Q2 Revenue Up 8.1%, Net Loss Narrows to $1.5M
AI Summary
Xperi Inc. reported a significant improvement in its financial performance for the second quarter of 2026, with total revenue increasing 8.1% year-over-year to $114.5 million. The company's net loss narrowed substantially to $1.5 million, or $(0.03) per diluted share, compared to a net loss of $14.8 million, or $(0.32) per diluted share, in the prior year period. Growth was notably driven by strong performance in the Connected Car and Media Platform segments, although Pay-TV and Consumer Electronics revenues saw declines. The company also noted the adoption of new accounting standards and ongoing evaluations of others.
Key Highlights
- Total revenue for Q2 2026 increased 8.1% to $114.5 million from $105.9 million in Q2 2025.
- Net loss for Q2 2026 significantly narrowed to $1.5 million from $14.8 million in Q2 2025.
- Diluted EPS for Q2 2026 improved to $(0.03) from $(0.32) in Q2 2025.
- Connected Car revenue surged to $40.1 million in Q2 2026, up from $25.1 million in Q2 2025.
- Media Platform revenue grew to $17.5 million in Q2 2026, compared to $12.1 million in Q2 2025.
- Cash and cash equivalents were $90.6 million as of June 30, 2026, down from $96.8 million at year-end 2025.
- Adopted ASU 2025-05 on credit losses in Q1 2026, with immaterial impact.
- Evaluating ASU 2024-03 (expense disaggregation) for 2027 and ASU 2025-06 (internal-use software) for Q1 2028.
Price Impact
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