IP licensing firm Adeia's Q2 adjusted EPS beats estimates
ADEA•Outlook
- Adeia raises long-term annual revenue outlook to $600 mln, up from $500 mln
- Company reiterates 2026 revenue guidance of $395 mln to $435 mln
- Company expects semiconductor business to reach $200 mln in annual revenue
Overview
- US IP licensing firm's Q2 revenue was a slight miss, adjusted EPS beat analyst expectations
- Company raised long-term annual revenue outlook to $600 mln on semiconductor business strength
- Company repurchased $10 mln of its common stock during the quarter
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Miss* | $96 mln | $96.79 mln (4 Analysts) |
| Q2 Adjusted EPS | Beat | $0.34 | $0.31 (4 Analysts) |
| Q2 EPS | $0.15 | ||
| Q2 Net Income | $17.4 mln | ||
| Q2 Adjusted EBITDA | $56.4 mln | $52.35 mln (2 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell". The average consensus recommendation for the investment holding companies peer group is "buy". Wall Street's median 12-month price target for Adeia Inc is $37.50, about 40.7% above its July 31 closing price of $26.65. The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago.
