Adeia

Adeia reported adjusted Q2 EPS of $0.34 (expectation $0.31) on revenue of $96.1 million (expectation $96.79 million). Adjusted EBITDA margin was 59% and operating cash flow was $54.6 million. Management reaffirmed full-year guidance of $395–435 million and raised the long-term revenue target from $500 million to $600 million. Despite the earnings surprise, the stock fell 12.7% after hours to $24.26, apparently due to investor concerns about the pace of revenue and the timing of license wins. » Plus sur de.investing.com

Moody's has affirmed Adeia's Ba3 corporate family rating and changed the outlook from "stable" to "positive"; it also affirmed the Ba3 PD rating and the Ba3 rating on the senior secured loan (maturing 2028). The agency cites expected growth in license revenue outside traditional pay-TV and in the semiconductor business, which should offset declines in the pay-TV licensing business. Moody's expects a revenue decline in 2026 in the low double-digit percentage range, an adjusted EBITDA margin in the low-50% range, and an adjusted leverage ratio around or below 2.0x. Liquidity remains assessed as very strong with an SGL-1 rating; Moody's forecasts free cash flow of at least $110 million and notes about $116 million in cash and marketable securities (as of March 2026). » Plus sur de.investing.com

Adeia has signed new multi-year licensing agreements with Microsoft, Google, AMD and L'Oréal, accelerating its shift away from its traditional pay-TV business. The company manages about 13,750 patents and reports deals worth more than $1.1 billion over the past three years. The resignation of CEO Paul Davis initiates a leadership transition, while the first quarter shows continued growth momentum. » Plus sur finanzen.net