Overview
Adeia Q3 revenue of $87.3 mln missed analyst expectations
Adjusted EPS for Q3 was $0.28, missing consensus estimates
Company files patent infringement litigation against AMD, affecting revenue guidance
Outlook
Adeia revises 2025 revenue guidance to $360 mln - $380 mln from $390 mln - $430 mln
Company adjusts 2025 net income forecast to $52.4 mln - $71.6 mln
Adeia expects 2025 adjusted EBITDA between $202.3 mln and $218.3 mln
Result Drivers
NON-PAY-TV REVENUE GROWTH - Non-Pay-TV recurring revenue grew 31% YoY, driven by new agreements in semiconductors and media markets
LONG-TERM DEALS - Closed long-term media deals, including a renewal with a Pay-TV customer and a new e-commerce customer
AI INVESTMENT - Continued investment in AI and innovation, recognized with an industry award for hybrid bonding technology
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $87.30 mln | $100.70 mln (4 Analysts) |
Q3 Adjusted EPS | Miss | $0.28 | $0.36 (3 Analysts) |
Q3 EPS | $0.08 | ||
Q3 Net Income from Continuing Operations | $8.80 mln | ||
Q3 Adjusted EBITDA | Miss | $50.70 mln | $56.60 mln (2 Analysts) |
Analyst Coverage
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 it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Adeia Inc is $17.50, about 2.6% above its October 31 closing price of $17.04
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nGNX6XDZhJ
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)