Xperi

Q2 FY2026 EarningsQ2 FY26 results missed consensus across most P&L metrics despite a 12.1% YoY revenue increase to $96.1M. Non-GAAP EPS of $0.15 fell short of the $0.21 mean estimate, primarily due to higher-than-expected tax expenses and personnel costs. While Semiconductor revenue surged 215% YoY driven by new multi-year licenses, recurring Media revenue declined 13.6% YoY due to Pay-TV weakness. Operating cash flow improved significantly to $113.1M (six-month basis), but high litigation and R&D overhead continue to weigh on margin expansion.