Adeia Reports Q3 2026 Results and Lowers Full-Year Revenue Guidance
Adeia (ADEA) reported third-quarter revenue of $80.2 million, driven largely by its media segment which contributed $65 million. While the company saw growth in semiconductor revenue and a significant increase in non-pay TV recurring revenue, it lowered its full-year revenue guidance to a range of $375 million to $415 million, down from the previous estimate of $395 million to $435 million. This adjustment is attributed to the shifting execution timelines of several major media license agreements. Despite the guidance cut, Adeia demonstrated strong recurring revenue streams, totaling $76 million for the quarter, and maintained a healthy adjusted EBITDA margin of 46%. The company continues to expand its patent portfolio, which now exceeds 14,500 assets. Management remains focused on long-term objectives, including an annual revenue target of $600 million and strategic expansion into AI-driven media discovery and semiconductor infrastructure.
Tickers: $ADEA
Topics: eps guidance license agreements recurring revenue revenue