--- title: "Adeia | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 96.12 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294732192.md" datetime: "2026-08-03T20:09:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294732192.md) - [en](https://longbridge.com/en/news/294732192.md) - [zh-HK](https://longbridge.com/zh-HK/news/294732192.md) --- # Adeia | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 96.12 M Revenue: As of FY2026 Q2, the actual value is USD 96.12 M, missing the estimate of USD 96.79 M. EPS: As of FY2026 Q2, the actual value is USD 0.15, beating the estimate of USD 0.13. EBIT: As of FY2026 Q2, the actual value is USD 27.04 M. ### Revenue Adeia Inc. reported second quarter 2026 revenue of $96,117 thousand, an increase from $85,735 thousand for the same period in 2025. For the six months ended June 30, 2026, revenue was $200,889 thousand, up from $173,405 thousand in the prior year period. Non-Pay-TV recurring revenue for the quarter grew 54% year-over-year. ### Net Income GAAP net income for the second quarter of 2026 was $17,366 thousand, compared to $16,722 thousand for the second quarter of 2025. For the six months ended June 30, 2026, GAAP net income was $40,139 thousand, an increase from $28,536 thousand in the prior year period. Non-GAAP net income for Q2 2026 was $39,128 thousand, up from $28,015 thousand in Q2 2025. For the six months ended June 30, 2026, non-GAAP net income was $82,575 thousand, compared to $57,172 thousand in the prior year period. ### Operating Profit and Margins Operating income for the second quarter of 2026 was $25,373 thousand, up from $16,405 thousand in Q2 2025. For the six months ended June 30, 2026, operating income was $60,205 thousand, an increase from $39,240 thousand for the same period in 2025. Adjusted EBITDA for Q2 2026 was $56,378 thousand, compared to $45,653 thousand in Q2 2025, resulting in a 59% adjusted EBITDA margin. For the six months ended June 30, 2026, Adjusted EBITDA was $118,719 thousand, up from $92,965 thousand in the prior year period. ### Operating Costs Total operating expenses for the second quarter of 2026 were $70,744 thousand, compared to $69,330 thousand in Q2 2025. For the six months ended June 30, 2026, total operating expenses were $140,684 thousand, up from $134,165 thousand in the prior year period. ### Cash Flow Net cash provided by operating activities for the six months ended June 30, 2026, was $113,122 thousand, an increase from $80,256 thousand for the same period in 2025. Net cash used in investing activities was - $16,847 thousand for the six months ended June 30, 2026, compared to - $6,159 thousand in the prior year period. Net cash used in financing activities was - $96,630 thousand for the six months ended June 30, 2026, compared to - $68,675 thousand in the prior year period. Cash and cash equivalents at the end of the period were $72,781 thousand as of June 30, 2026. ### Capital Allocation Adeia Inc. made $6.1 million in principal payments towards its term loan during the quarter, bringing the outstanding balance to $392.6 million as of June 30, 2026. The company repurchased $10.0 million of its common stock, representing 0.4 million shares, with $140.0 million remaining under its stock repurchase plan as of June 30, 2026. A quarterly cash dividend of $0.05 per share ($5.5 million total) was distributed on June 15, 2026, and another dividend of $0.05 per share was declared payable on September 14, 2026. ### Operational Metrics During the quarter, Adeia Inc. signed six license agreements, adding a record 12 new customers, including a multi-year renewal with Google (including YouTube TV) and a multi-year license agreement with RPX, encompassing 10 new e-commerce customers. A new multi-year license agreement was also signed with L’Oréal, along with a domestic OTT provider and license renewals with a European Pay-TV provider and a Japanese consumer electronics manufacturer. The company now has 15 customers across six agreements in e-commerce. ### Outlook / Guidance Adeia Inc. increased its long-term annual revenue outlook to $600 million from $500 million, driven by confidence in its semiconductor business reaching $200 million in annual revenue, while the media growth target remains strong at $400 million. The company reiterated its full-year 2026 outlook, projecting GAAP revenue between $395.0 million and $435.0 million, GAAP net income between $57.2 million and $80.4 million, and Adjusted EBITDA between $213.4 million and $245.4 million. ### Related Stocks - [ADEA.US](https://longbridge.com/en/quote/ADEA.US.md) ## Related News & Research - [Why Adeia (ADEA) Is Up 5.7% After Reaffirming 2026 Guidance And Boosting Shareholder Returns](https://longbridge.com/en/news/296027406.md) - [Adeia Q2 GAAP net income rises to $17.4 million; revenue falls to $96.1 million from Q1 2026](https://longbridge.com/en/news/294732965.md) - [IP licensing firm Adeia's Q2 adjusted EPS beats estimates](https://longbridge.com/en/news/294733558.md) - [Adeia Inc. (NASDAQ:ADEA) Receives Average Rating of "Moderate Buy" from Analysts](https://longbridge.com/en/news/294477555.md) - [Universal Beteiligungs und Servicegesellschaft mbH Buys 37,749 Shares of Adeia Inc. $ADEA](https://longbridge.com/en/news/284731827.md)