Acacia Research

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus expectations across the top and bottom lines, driven by a massive surge in Intellectual Property (IP) licensing. Revenue of $114.6M was 131.44% above the $49.5M consensus, and GAAP EPS of $0.00 beat the expected loss of $0.10. The quarter was marked by a $60.9M contribution from IP operations and stable Energy operations, which offset a $30.9M non-cash impairment related to the MalinJ1 investment. Operating income of $8.5M swung from a loss in the prior year, reflecting improved execution in core licensing and energy assets.