Adeia
Licenses patents for media experiences, hybrid bonding, advanced packaging, and chip cooling.
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Profile
Licenses media patents for content discovery, streaming, personalization, advertising, computer vision, and related services, plus semiconductor IP for hybrid bonding, advanced packaging, processing, and cooling. Revenue comes from fixed, usage-based, per-subscriber, and per-unit agreements, with media generating most sales.
Licenses patented media and semiconductor technologies through a single IP Licensing segment. The media portfolio covers content guidance, discovery, search, recommendations, multiscreen delivery, personalization, data analytics, advertising, computer vision, storage, and high-performance computing. Customers include pay-TV and streaming providers, consumer-electronics makers, social-media platforms, and e-commerce businesses, primarily in North America with international licensees.
Develops most of its patent estate internally and supplements it with targeted acquisitions. Semiconductor IP spans DBI hybrid bonding, advanced packaging and process nodes, thermal management, microLEDs, and design-process-system co-optimization for memory, logic, sensor, radio-frequency, and foundry customers.
Earns recurring and deal-driven revenue through per-subscriber, per-unit, usage-based, fixed-fee, and minimum-guarantee licenses. Patent validity, changing IP law, customer renewals, and enforcement shape licensing outcomes; litigation is used when unlicensed users do not enter license agreements.
Company facts
Key statistics
Year to date +46.3% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| May 6, 2026 | Maxim Group | Target | $35 |
| May 5, 2026 | Roth Capital | Target | $43 |
| Mar 9, 2026 | Rosenblatt Securities | Target | $40 |
| Dec 23, 2025 | UBS | Target | $20 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.31 | $0.34 | +10.4% | $96.8M | $96.1M | −0.7% | +12.31% |
| May 4, 2026Q1 FY26 | $0.33 | $0.38 | +15.7% | $99.7M | $104.8M | +5.1% | −17.25% |
| Feb 23, 2026Q4 FY25 | $0.65 | $0.86 | +32.1% | $168.4M | $182.6M | +8.4% | +6.87% |
| Nov 3, 2025Q3 FY25 | $0.36 | $0.28 | −22.2% | $168.4M | $87.3M | −48.2% | −10.84% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $87.7M | $85.7M | $87.3M | $182.6M | $104.8M | $96.1M | |
| Gross profit | $73.1M | $71.1M | $72.7M | $168.4M | $88.3M | $25.4M | |
| Operating income | $28.7M | $23.6M | $32.2M | $116.7M | $40.8M | $25.4M | |
| Net income | $11.8M | $16.7M | $8.8M | $73.7M | $22.8M | $17.4M | |
| Diluted EPS | $0.10 | $0.15 | $0.08 | $0.65 | $0.20 | $0.15 | |
| Gross margin | 83.4% | 82.9% | 83.2% | 92.2% | 84.3% | 26.4% | |
| Operating margin | 32.7% | 27.5% | 36.9% | 63.9% | 38.9% | 26.4% |
Fiscal years (4-quarter sums)FY21 $877.7M · FY22 $438.9M · FY23 $388.8M · FY24 $376.0M · FY25 $443.4M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $137.1M · Total debt $395.3M · Total assets $1.01B · Shareholders' equity $477.2M
Dividends
Raised for 4 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 24, 2026 | Aug 24 | Sep 14 | $0.05 | |
| May 26, 2026 | May 26 | Jun 15 | $0.05 | |
| Mar 16, 2026 | Mar 16 | Mar 30 | $0.05 | |
| Nov 24, 2025 | Nov 24 | Dec 15 | $0.05 | |
| Aug 26, 2025 | Aug 26 | Sep 16 | $0.05 | |
| May 27, 2025 | May 27 | Jun 17 | $0.05 | |
| Mar 10, 2025 | Mar 10 | Mar 31 | $0.05 | |
| Nov 27, 2024 | Nov 27 | Dec 18 | $0.05 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 110.29M · Float 107.64M · 97.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.41M | 15.78% | 13F | Aug 7, 2026 |
| Ameriprise Financial Inc | 13.71M | 12.43% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 8.75M | 7.94% | 13F | Aug 13, 2026 |
| FMR LLC | 6.00M | 5.44% | 13F | Aug 13, 2026 |
| State Street Corp | 4.85M | 4.40% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 13, 2026 | Kevin Tanji | officer: Chief Legal Officer | −99,342 | $31.75 |
Peers
- InterDigital
Pure-play R&D licensor of wireless and video codec patents, 38,000+ assets
- Dolby
Audio/video IP licensor; ~$1.3B revenue, 93% from licensing, 28K+ patents
- Rambus
Memory and security patent licensor targeting DRAM, AI, and data-center IP
- Acacia Research
Acquisition-driven patent licensor spanning Wi-Fi, semiconductors, and networking IP
- Qualcomm
Wireless SEP and video codec licensor to global CE OEMs and device makers
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Adeia | $25.65 | −0.27% | $2.84B | 23.8 | 17.8 | 6.0 | +12.1% |
| InterDigital | $335.00 | −0.04% | $8.65B | 38.7 | 45.2 | 11.0 | −13.5% |
| Dolby | $61.50 | −0.02% | $5.85B | 26.2 | 13.6 | 4.3 | −3.3% |
| Rambus | $86.08 | +0.42% | $9.30B | 39.3 | 25.4 | 12.3 | +20.4% |
| Acacia Research | $4.50 | +0.56% | $431.8M | — | — | 1.6 | +123.6% |
| Qualcomm | $164.28 | +0.07% | $172.40B | 18.7 | 17.7 | 3.9 | −4.0% |
| Median | 32.4 | 21.6 | 4.3 | −3.3% |