Adeia : ADEA Earnings Deck Q126 - FINAL
ADEA
Published on 05/04/2026 at 05:10 pm EDT
adeia
igniting innovation
Revenue of $104.8 million, cash from operations $58.5 million and an adjusted EBITDA margin of 60%
Signed 3 new license agreements with AMD, Microsoft and a semiconductor customer
Signed 8 license agreements across diverse verticals including semiconductors, consumer electronics, social media, Pay-TV and OTT
Executed on all 4 pillars of our balanced capital allocation strategy; debt paydown, share repurchases, dividend and tuck-in M&A
Signed 8 license agreements, including 3 with new customers and 5 renewals
Signed a new multi-year license agreement with AMD, a leading semiconductor company, for access to our semiconductor portfolio, including our hybrid bonding technology
Signed a new multi-year license agreement with Microsoft, a leading technology company with a broad array of businesses, including consumer electronics and social media, for access to our media portfolio
In early Q2, signed a new multi-year license agreement with leading cosmetics and beauty retailer L'Oréal, for access to our media portfolio, expanding our presence in e-commerce
Continue to execute renewals and new customer agreements that will increase our annual revenue over the long-term
Continue to grow patent portfolio through focused organic R&D and strategic inorganic investments
Continue to make accelerated payments towards our term loan, return capital to shareholders through stock repurchases and dividends, and make strategic tuck-in acquisitions
Continue to invest in key areas that will grow our pipeline of future opportunities in OTT, semiconductors, and adjacent media markets
Q1 2026 Results
Category (in millions)
Q1'26
GAAP
Q1'26
NON-GAAP
Revenue
$104.8
$104.8
Operating expenses
$69.9
$42.9
Interest expense
$8.5
$8.5
Other income, net
$1.6
$1.6
Income tax expense
$5.2
$11.5
Net income
$22.8
$43.5
Adjusted EBITDA
N/A
$62.3
Diluted shares outstanding
114.2
114.2
See tables for reconciliation of GAAP to Non-GAAP differences
FY 2026 Outlook
Revenue
$395.0 - 435.0
$395.0 - 435.0
Operating expenses
$295.0 - 305.0
$184.0 - 192.0
Interest expense
$34.0 - 36.0
$34.0 - 36.0
Other income
$5.5 - 6.5
$5.5 - 6.5
Tax rate
20%
21%
Net income
$57.2 - 80.4
$144.2 - 168.7
Adjusted EBITDA
N/A
$213.4 - 245.4
Diluted shares outstanding
114.0 - 115.0
114.0 - 115.0
See tables for reconciliation of GAAP to Non-GAAP differences
13,750+ patent assets provide both depth and breadth to our licensing base
Long and impressive history of successfully monetizing our portfolios
Ongoing innovations drive growth in targeted markets including AI enabling technologies
Proliferation of video is expanding rapidly
Semiconductor industry is challenged
to keep up with Moore's law
Focused investments in innovation across media and semiconductors
Expand IP portfolios through tuck-in acquisitions
Focused deployment of capital with a balanced approach of deleveraging our balance sheet and returning capital to shareholders
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adeia
igniting innovation
adeia
igniting innovation
Disclaimer
Adeia Inc. published this content on May 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 04, 2026 at 21:02 UTC.