Adeia Q1 revenue and adjusted EPS beat estimates

Adeia

04/05/2026 21:28

Overview

US IP licensing firm's Q1 revenue grew, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company signed new license agreements with AMD and Microsoft, expanding semiconductor and media portfolios

Outlook

Adeia reiterates 2026 revenue guidance of $395.0–435.0 mln

Company expects 2026 adjusted EBITDA of $213.4–245.4 mln

Adeia sees continued growth in non–Pay-TV recurring revenue and expansion in semiconductors

Result Drivers

NEW LICENSE AGREEMENTS - Signed eight license deals in Q1, including multi-year agreements with AMD and Microsoft, expanding reach in semiconductors and media

DIVERSIFICATION - Non–Pay-TV recurring revenue grew 28% year-over-year, reflecting progress in diversifying the business

TECHNOLOGY ADOPTION - Hybrid bonding technology is being designed into products for logic and memory markets supporting the AI ecosystem

Company press release: ID:nGNX8jK2yr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$105 mln
$99.72 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.38
$0.33 (4 Analysts)
Q1 EPS
$0.21
Q1 Net Income from Continuing Operations
$22.80 mln
Q1 Adjusted EBITDA
Beat
$62.30 mln
$52.60 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Adeia Inc is $32.00, about 3% below its May 1 closing price of $33.00

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)