Adeia's second quarter 2026 EPS beat estimates as the company raised its long-term revenue outlook to $600 million.

Adeia reported second-quarter 2026 revenue of $96.1 million, slightly missing analyst expectations of $96.7 million. The company's non-GAAP EPS of $0.34 beat the consensus estimate of $0.30. Management reiterated its full-year 2026 revenue guidance of $395 million to $435 million.

Key Highlights

• Adeia raised its long-term annual revenue outlook by 20% to $600 million from $500 million, citing confidence in its semiconductor business, which is now expected to reach $200 million in annual revenue.
• Non-Pay-TV recurring revenue grew 54% year-over-year, a significant acceleration from the 28% growth rate reported in the prior quarter.
• The company announced a significant multi-year license renewal with Google for its media IP portfolio, which includes YouTube TV.
• Adeia generated $54.6 million in operating cash flow and repurchased $10.0 million of its common stock during the quarter.