Adeia is trading 17.3% down at $22.99 after investors digested its second-quarter 2026 earnings and guidance.
- The company slightly missed revenue expectations but beat EPS estimates and raised its long-term revenue outlook.
- Management kept its 2026 guidance unchanged, while the sharp decline likely reflects profit-taking after a multi-day rally.
- The move is further influenced by typical low-liquidity volatility in extended-hours trading.