Adeia (ADEA) beats Q2 2026 EPS by 10% and raises long-term revenue target
As seen on the 24/7 Wall St. homepage on August 3, 2026.
Adeia lifted its long-term annual revenue target to $600 million from $500 million, betting hybrid bonding adoption in memory and logic chips scales the semiconductor unit as AI buildouts grow. Non-Pay-TV recurring revenue grew 54% year over year on a Google renewal covering YouTube TV and an RPX deal adding e-commerce licensees.
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Adeia reported Q2 2026 earnings per share of $0.34, topping the consensus estimate of $0.308 by about 10%. Revenue came in at $96.1 million, just a hair below the $96.8 million analysts expected, making EPS the clear bright spot of the quarter. The result extends a mostly solid recent track record: Adeia has beaten EPS estimates in five of the last eight quarters, including a standout $0.86 reported in Q4 2025 against a $0.6508 estimate.
The bigger headline from management was a raise to the company's long-term annual revenue target, lifted to $600 million from $500 million. Adeia is betting that hybrid bonding adoption in memory and logic chips will scale its semiconductor unit as AI infrastructure buildouts continue to grow. That thesis positions the licensing business as a direct beneficiary of capital flowing into next-generation chip manufacturing.
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On the media licensing side, non-Pay-TV recurring revenue grew 54% year over year, driven by a Google renewal that covers YouTube TV and an RPX deal that added e-commerce licensees to Adeia's roster. That diversification away from traditional pay-TV is increasingly central to the company's growth story, and the strong year-over-year pace suggests the pipeline of new licensees remains active.
Mentioned: ADEA