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EarningsQ2 2026 Earnings Report
ADEA Q2 2026 EPS Results
Actual EPS$0.34
Consensus EPS$0.31
Beat/MissBeat by +$0.03
One Year Ago EPS$0.25
ADEA Q2 2026 Revenue Results
Actual Revenue$96.12M
Expected Revenue$96.79M
Beat/MissMissed by -$670.00K
YoY Revenue Growth+12.11%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
ADEA Upcoming Earnings
Adeia's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
ADEA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance: healthy revenue and margin, robust cash generation, record new customers, meaningful diversification with non-Pay-TV recurring revenue up 54% YoY, semiconductor momentum and raised long-term targets. The primary negatives were timing and concentration risk tied to large deals, ongoing litigation and a sizable debt balance/interest expense, plus expected light cash generation in Q3 and a CEO succession process. Overall, the positive growth, cash generation, and strategic progress outweigh the challenges.Company Guidance
Revenue and Profitability in Q2
Revenue of $96.1 million in Q2 2026, adjusted EBITDA of $56.4 million and an adjusted EBITDA margin of 58.7%, all in line with expectations.
Strong Cash Generation and Liquidity
Generated $54.6 million in cash from operations in Q2 and ended the quarter with $137.1 million in cash, cash equivalents and marketable securities.
Record New Customer Adds and License Activity
Closed 6 license agreements and added a record 12 new customers in the quarter, including a multiyear renewal with Google and a new multi-customer RPX agreement covering ~10,900 patent assets.
Significant Growth in Non-Pay-TV Recurring Revenue
Non-Pay-TV recurring revenue grew 54% year-over-year in Q2 and is now nearly double the size of Pay-TV recurring revenue, reflecting successful diversification.
Raised Long-Term Financial Targets
Raised long-term company revenue target to $600 million (from $500 million) and increased the long-term semiconductor revenue opportunity estimate to $200 million (from $100 million).
Semiconductor Momentum
Semiconductor revenue was $14.8 million in Q2 and about $48 million year-to-date (≈24% of YTD revenue), up materially from ~$26 million for the prior full year — signaling strong semiconductor traction.
Patent Portfolio Expansion and M&A
Patent portfolio grew to over 14,250 patent assets (≈4% increase from Q1) and the company completed six tuck-in IP acquisitions for $9.5 million focused on e-commerce, OTT and imaging.
Operating Expense and Litigation Cost Reduction
Non-GAAP operating expenses of $40.2 million decreased $2.7 million (6%) quarter-over-quarter; SG&A decreased $2.0 million (10%) QoQ; litigation expense declined $0.639 million (11%) QoQ.
Capital Allocation Execution
Executed on all four capital allocation pillars: $6.1 million of debt principal paid in Q2, repurchased ~353,000 shares for $10 million (with $140 million remaining authorization), and paid/declared dividends of $0.05 per share twice.
Reiterated 2026 Guidance and Margin Targets
Reiterated full-year 2026 revenue guidance of $395M–$435M, operating expense guidance of $184M–$192M, interest expense guidance $34M–$36M, expected adjusted EBITDA margin of ~55%, non-GAAP tax rate 21% and capex ~$2M.
ADEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed