ADEA

EX-99.1

2 adea-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

ADEIA ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS

Signed multi-year license renewal with Google, which includes YouTube TV, one of the largest Pay-TV providers

Signed multi-year license agreement with RPX, encompassing 10 new e-commerce customers

Long-term annual revenue outlook increased to $600 million on the strength of our semiconductor business

SAN JOSE, Calif. – August 3, 2026 – Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the second quarter ended June 30, 2026.

“Second quarter revenue of $96 million was in line with our expectations, and we generated $55 million in operating cash flow with a 59% adjusted EBITDA margin,” said Paul E. Davis, chief executive officer of Adeia. “We closed six license agreements during the quarter, across OTT, e-commerce, consumer electronics and Pay-TV. We closed a significant multi-year renewal with Google, which has been a valued licensee for approximately 15 years and whose YouTube TV platform is one of the fastest growing Pay-TV services in the country. We also signed a seminal, multi-year license agreement with RPX, adding 10 new e-commerce customers under a single agreement. With the RPX deal and a new license agreement with L'Oréal, we now have 15 customers across six agreements in e-commerce — a business we built from the ground up over just the past two years. Non-Pay-TV recurring revenue for the quarter grew 54% year-over-year, continuing a multi-quarter trend as our non-Pay-TV pipeline remains robust and continues to grow.”

Davis continued, “We are raising our long-term annual revenue outlook to $600 million from $500 million driven by confidence in our semiconductor business being able to reach $200 million in annual revenue. This new semiconductor outlook is based on the trajectory of hybrid bonding adoption across both memory and logic in connection with the AI infrastructure build-out and high-performance computing demand. Our media growth target remains strong at $400 million, supported by continued momentum in OTT, e-commerce, consumer electronics and social media. I am very pleased with the progress we have made in the first half of the year and we remain focused on execution across the business to achieve our goals for the year. Our strategic initiatives remain on track, including increasing our long-term revenue, growing our IP portfolio primarily through our organic innovation engine, maintaining a balanced capital allocation approach and growing our opportunity pipeline.”

Second Quarter Financial Highlights

• Revenue was $96.1 million as compared to $104.8 million in the first quarter of 2026

• GAAP diluted earnings per share (EPS) was $0.15 and non-GAAP diluted EPS was $0.34

• GAAP net income was $17.4 million and adjusted EBITDA was $56.4 million

• Cash flow from operations was $54.6 million

• Paid down $6.1 million on our term loan

• Repurchased $10.0 million of our common stock

Business Highlights

• Signed six license agreements, adding a record 12 new customers in the quarter

• Signed a multi-year renewal with Google, which includes YouTube TV, one of the largest Pay-TV providers, for access to our media portfolio

• Signed a multi-year license agreement with RPX, a leading provider of patent risk management solutions, encompassing 10 new e-commerce customers, for access to our media portfolio

• Signed a new multi-year license agreement with L'Oréal, a leading cosmetics and personal care company, for access to our media portfolio

• Signed a new multi-year license agreement with a domestic OTT provider of documentary programming and license renewals with a leading European Pay-TV provider and a consumer electronics manufacturer in Japan, all for access to our media portfolio

Capital Allocation

During the quarter, the Company made $6.1 million in principal payments towards its term loan, bringing the outstanding balance to $392.6 million as of June 30, 2026.

During the quarter, the Company repurchased $10.0 million of its common stock, representing 0.4 million shares and bringing the remaining amount available under its stock repurchase plan to $140.0 million as of June 30, 2026.

On June 15, 2026, the Company distributed $5.5 million to stockholders of record on May 26, 2026, for a quarterly cash dividend of $0.05 per share of common stock.

The Board of Directors declared a dividend of $0.05 per share, payable on September 14, 2026, to stockholders of record on August 24, 2026.

Financial Outlook

The Company is reiterating its full year 2026 outlook as follows:

Category (in millions, except for tax rate)

2026 GAAP Outlook

2026 Non-GAAP Outlook

Revenue

$395.0 − 435.0

$395.0 − 435.0

Operating expenses (1)

$295.0 − 305.0

$184.0 − 192.0

Interest expense

$34.0 − 36.0

$34.0 − 36.0

Other income

$5.5 − 6.5

$5.5 − 6.5

Tax rate

20%

21%

Net income (2)

$57.2 − 80.4

$144.2 − 168.7

Adjus

EX-99.1

2 adea-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

ADEIA ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS

Signed new license agreements with AMD and Microsoft

Generated $58 million in cash from operations and achieved 60% adjusted EBITDA margin

Paid down debt by $28 million bringing our outstanding balance to less than $400 million

SAN JOSE, Calif. – May 4, 2026 – Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the first quarter ended March 31, 2026.

“We had a strong start to 2026, delivering first quarter revenue of $105 million, generating $58 million in operating cash flow, and maintaining strong profitability with a 60% adjusted EBITDA margin,” said Paul E. Davis, chief executive officer of Adeia. “We closed eight license agreements during the quarter, three of which were with new customers, including multi-year agreements with AMD and Microsoft. We believe our deal execution year-to-date highlights both the strength of our IP portfolio in our core markets, like Pay-TV, consumer electronics and social media, and our ability to expand our business with new customers in growth markets like semiconductors and e-commerce. Our non–Pay-TV recurring revenue continued to grow, with an impressive 28% year-over-year increase in the quarter, reflecting progress in diversifying our business. We are excited to see our foundational innovations gaining broad market adoption. Most importantly, hybrid bonding is rapidly being designed into products for the logic and memory markets that are supporting the AI ecosystem. We also remained disciplined in our capital allocation, reducing debt to less than $400 million while continuing to return capital to shareholders and invest in our patent portfolios, including tuck-in acquisitions.”

First Quarter Financial Highlights

• Revenue was $104.8 million as compared to $182.6 million in the fourth quarter of 2025

• GAAP diluted earnings per share (EPS) was $0.21 and non-GAAP diluted EPS was $0.38

• GAAP net income was $22.8 million and adjusted EBITDA was $62.3 million

• Cash flow from operations was $58.5 million

• Paid down $28.1 million on our term loan

• Repurchased $10.0 million of our common stock

Business Highlights

• Signed a new multi-year license agreement with AMD, a leading semiconductor company, for access to our semiconductor portfolio, including our hybrid bonding technology

• Signed a new multi-year license agreement with Microsoft, a leading technology company with a broad array of businesses, including consumer electronics and social media, for access to our media portfolio

• Signed 8 deals, 5 in media and 3 in semiconductors, including 3 with new customers

• In early Q2, signed a new multi-year license agreement with leading cosmetics and beauty retailer L’Oréal, for access to our media portfolio, expanding our presence in e-commerce

Capital Allocation

During the quarter, the Company made $28.1 million in principal payments towards its term loan, bringing the outstanding balance to $398.6 million as of March 31, 2026.

During the quarter, the Company repurchased $10.0 million of its common stock, representing 0.4 million shares and bringing the remaining amount available under its stock repurchase plan to $150.0 million as of March 31, 2026.

On March 30, 2026, the Company distributed $5.5 million to stockholders of record on March 16, 2026, for a quarterly cash dividend of $0.05 per share of common stock.

The Board of Directors declared a dividend of $0.05 per share, payable on June 15, 2026, to stockholders of record on May 26, 2026.

Financial Outlook

The Company is reiterating its full year 2026 outlook as follows:

Category (in millions, except for tax rate)

2026 GAAP Outlook

2026 Non-GAAP Outlook

Revenue

$395.0 − 435.0

$395.0 − 435.0

Operating expenses (1)

$295.0 − 305.0

$184.0 − 192.0

Interest expense

$34.0 − 36.0

$34.0 − 36.0

Other income

$5.5 − 6.5

$5.5 − 6.5

Tax rate

20%

21%

Net income (2)

$57.2 − 80.4

$144.2 − 168.7

Adjusted EBITDA (2)

N/A

$213.4 − 245.4

Diluted shares outstanding

114.0 − 115.0

114.0 − 115.0

(1) See tables for reconciliation of GAAP to non-GAAP operating expenses.

(2) See tables for reconciliation of GAAP net income to (i) non-GAAP net income and (ii) adjusted earnings before interest expense, income taxes, depreciation and amortization (adjusted EBITDA).

Conference Call Information

The Company will hold its first quarter 2026 earnings conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) on Monday, May 4, 2026. To access the call in the U.S., please dial +1 (888) 660-6411, and for international callers, dial +1 (929) 203-0849. All participants should dial in 15 minutes prior to the start of the conference call. The Company also suggests utilizing the webcast link to access the live call and the replay at Q1 2026 Earnings Call Webcast. A live and replay webcast will be available on the Adeia Investor Relat

8-K

0001803696false00018036962026-02-232026-02-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 23, 2026

ADEIA INC.

(Exact name of Registrant as Specified in its Charter)

Delaware

001-39304

84-4734590

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

3025 Orchard Parkway San Jose, California 95134 (Address of Principal Executive Offices, including Zip Code) (408) 473-2500 (Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock (par value $0.001 per share)

ADEA

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 23, 2026, Adeia Inc. (the “Company” or “Adeia”) announced its financial results for the fourth quarter and full year ended December 31, 2025. A copy of the Company’s press release announcing these financial results and other information regarding its financial condition is attached hereto as Exhibit 99.1 to this Form 8-K. The information in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act. Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

Exhibit No.

Description

99.1

Press Release dated February 23, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 23, 2026

ADEIA INC.

By:

/s/ Keith A. Jones

Name:

Keith A. Jones

Title:

Chief Financial Officer