Adeia Q3 results miss estimates despite license renewals and growing deal pipeline
ADEA•ADEA•ADEA•ADEA•Adeia reported Q3 revenue of $80.2 million and adjusted EPS of $0.21, both below analyst estimates. It lowered its 2026 revenue outlook to $375 million-$415 million and adjusted EBITDA outlook to $201.1 million-$237.1 million.
Adeia's Q3 revenue was $80.2 million, compared with analyst expectations of $98.87 million. Adjusted EPS was $0.21, below the $0.30 estimate, while adjusted EBITDA of $36.9 million missed the $46.1 million estimate.
The company signed eight license agreements, including renewals with Charter and TCL and agreements with four new customers. Adeia lowered its 2026 revenue outlook to $375 million-$415 million from $395 million-$435 million, and its adjusted EBITDA outlook to $201.1 million-$237.1 million from $213.4 million-$245.4 million, citing the potential timing impact of a select few deals. Its CFO said the pipeline remains strong and is growing.
