Adeia Q1 revenue and adjusted EPS beat estimates

ReutersMay 4, 2026 8:28 PM

View all comments（0）



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.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Trump’s China Visit Boosts China Stocks Nearly 4%, Alibaba Favored by AI Bets Despite Weak Results

TradingKey - On May 13 (ET), U.S. President Trump arrived in Beijing to begin a three-day visit. Markets expect both sides to engage in dialogue on issues such as trade and technology, a move that has eased concerns over a further escalation of U.S.-China tensions.

Pricing Hiked Three Times to $185. What Gives Cerebras Confidence in Its $49B Valuation After Spurning SoftBank?

TradingKey - AI chipmaker Cerebras Systems is racing toward a US IPO with momentum far exceeding expectations, as Wall Street's fervor for the AI semiconductor sector is fully reflected in the company.

AI Frenzy vs. Crypto Winter: Cerebras Sets Year’s Largest IPO as Crypto Funding Hits Freezing Point

Market capital is exhibiting a powerful "siphon effect," as funds flow continuously toward AI hardware and infrastructure with clearer technological pathways and more defined revenue models. Conversely, the cryptocurrency sector has fallen out of favor due to the absence of these attributes. This suggests that if crypto enterprises can integrate AI development—such as the AI agent economy—they may have an opportunity to break through the current IPO freeze.

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools