Adeia Inc. reported second-quarter 2026 revenue of $96.1 million and raised its long-term annual revenue outlook to $600 million from $500 million, driven by confidence that its semiconductor business can reach $200 million in annual revenue. The company signed a multi-year license renewal with Google that includes YouTube TV, one of the largest Pay-TV providers, and a multi-year agreement with RPX covering 10 new e-commerce customers. GAAP net income was $17.4 million, or $0.15 per diluted share, while non-GAAP diluted EPS was $0.34 and adjusted EBITDA reached $56.4 million. Adeia also reiterated its full-year 2026 revenue guidance of $395 million to $435 million and paid down $6.1 million on its term loan while repurchasing $10 million of common stock.
ADEIA CORPRaises long-term revenue target and reports strong Q2 earnings with raised guidance.
Alphabet Inc Class CRPX signs multi-year agreement with Adeia covering 10 new e-commerce customers, indicating business growth.