Xperi Corp

Xperi reported second-quarter 2026 revenue of $114.5 million, an 8% increase year over year, driven by growth in its media platform and connected car segments. Non-GAAP earnings per share more than doubled to $0.28 from $0.11 a year earlier, while adjusted EBITDA rose 61% to $24.5 million, representing a margin of 21.4%. The company’s TiVo One monthly active users reached 6.3 million, up 70% year over year, and advertising and related revenue grew 54% to $15 million. Connected car revenue surged 60% to $40 million, helped by two significant minimum guarantee deals for the HD Radio platform, and DTS AutoStage cumulative vehicle shipments hit 17 million across 13 automotive brands, with BYD joining as the 14th brand. Xperi maintained its full-year revenue guidance of $440 million to $470 million but raised its capital expenditure outlook to approximately $25 million due to memory market constraints, while lowering stock-based compensation guidance to about $29 million.