Overview
Xperi Q3 revenue beats analyst expectations despite a year-over-year decline
Adjusted EPS for Q3 beats consensus, reflecting cost management focus
Company, on Nov 1, approved a restructuring plan, announces workforce reduction of 250 employees to improve profitability
Outlook
Xperi reiterates 2025 revenue guidance of $440 mln to $460 mln
Company expects 2025 adjusted EBITDA margin of 15% to 17%
Xperi anticipates $30 mln to $35 mln annual savings from workforce reduction
Result Drivers
TIVO ONE USER GROWTH - TiVo One platform saw 30% sequential growth in monthly active users, reaching 4.8 mln
CONNECTED CAR EXPANSION - AutoStage platform expanded to over 13 mln vehicles, with new OEM programs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $111.60 mln | $108.53 mln (4 Analysts) |
Q3 Adjusted EPS | Beat | $0.28 | $0.21 (2 Analysts) |
Q3 EPS | -$0.13 | ||
Q3 Net Income | -$6.10 mln | ||
Q3 Adjusted EBITDA | $23.10 mln | ||
Q3 Operating Income | -$1.40 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Xperi Inc is $12.00, about 46.9% above its November 4 closing price of $6.37
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 5 three months ago
Press Release: ID:nBw3wgpTta
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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.)