ADEIA CORP (ADEA)
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 26.70 $ — 69% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
Uses AIAdeia setzt Künstliche Intelligenz (maschinelles Lernen, generative KI) laut 10-K intern in Forschung & Entwicklung ein, um neue lizenzierbare Technologien zu erfinden — erzielt aber keine eigenständigen KI-Produktumsätze. Das Geschäftsmodell ist Patentlizenzierung; die KI-Relevanz entsteht bei den Lizenznehmern (Hybrid-Bonding-Patente stecken in Chips für KI-Rechenzentren, Medien-Patente in NLP/Bilderkennung). Weil die eigene KI-Nutzung operativ (in der R&D) belegt ist, KI aber nicht als Produkt verkauft wird, greift „nutzt“ vor „verkauft“.
View the full file — quotes, sources, reviewed filings
„We continue to focus our R&D efforts on IP development and next generation technology solutions, including semiconductor hardware research, machine learning, generative AI and advanced algorithm development."
Wir richten unsere Forschungs- und Entwicklungsanstrengungen weiterhin auf die Entwicklung von geistigem Eigentum und Technologielösungen der nächsten Generation aus, einschließlich Halbleiter-Hardwareforschung, maschinellem Lernen, generativer KI und der Entwicklung fortgeschrittener Algorithmen.
„Our technologies span the media and semiconductor industries and our inventions are relevant across the entire AI stack. Our semiconductor innovations enable critical advancements in logic and memory devices that form the backbone of today's AI infrastructure."
Unsere Technologien erstrecken sich über die Medien- und Halbleiterindustrie, und unsere Erfindungen sind über den gesamten KI-Stack hinweg relevant. Unsere Halbleiter-Innovationen ermöglichen entscheidende Fortschritte bei Logik- und Speicherbausteinen, die das Rückgrat der heutigen KI-Infrastruktur bilden.
Rated on July 10, 2026 · How the Rating Is Built
What the Earnings Calls Reveal
Red flags Guidance contradictionsAdeia delivers operationally and closed 2025 with record revenue above the top end of its original guidance; with Amazon, Disney, Microsoft and AMD, the most coveted customers are now under license. Still, the communication record across ten calls is notable: 2024 guidance was missed, and the November 2025 cut to the 2025 range proved badly wrong within weeks. The large semiconductor deal carried in guidance since 2024 only closed in March 2026 after patent litigation against AMD, and the 100 million dollar semiconductor revenue target named in the Q4 2023 call vanished from the calls without comment.
10 calls reviewed, 2023-Q4 through 2026-Q1 · As of August 2, 2026
Big semiconductor deal: nearly two years to signature
As early as 2024-Q1, management explicitly based its annual guidance on expected new license agreements in both OTT and semiconductors; in 2024-Q2 both were firmly promised for the second half of 2024. In 2024-Q3 guidance was cut and management itself flagged that one of the two deals might slip into 2025; in 2024-Q4 the slip was official. The deal also failed to close in 2025-Q1 and 2025-Q2; in 2025-Q3, instead of a signature, came patent litigation against AMD - only then was the customer even named. The agreement was signed in March 2026 (2026-Q1), roughly 22 months after it first appeared in guidance. For fairness: the OTT part of the promise was delivered with Amazon in 2024-Q4, and after the lawsuit AMD took only four months to sign.
Guidance zigzag 2025: cut in November, record in December
In 2025-Q2 the CEO said, when asked, that the company could reach its annual targets even without the large semiconductor deal, even toward the high end of the range. Three months later (2025-Q3), the range was cut from 390-430 to 360-380 million dollars - justified precisely by the missing AMD deal; analyst Hamed Khorsand confronted management with this contradiction on the call. The CEO stood by his earlier statement and explained the cut by the late point in the year, which had narrowed the number of available paths. The year ended at 443 million dollars (2025-Q4), above the top of the original range. The company's own November cut thus proved badly wrong within weeks; per an analyst question on the following call, management raised guidance again before Christmas. The main driver was the Disney license agreement, alongside further signings and higher royalty reports. So the original 2025 range was ultimately exceeded - what was clearly missed was the 2024 range: after the cut in 2024-Q3, actual revenue came in at 376 million instead of the original 380-420 million (2024-Q4).
Gone without comment: the 100 million semiconductor target
In the Q4 2023 call the CEO named a target of 100 million dollars in annual semiconductor revenue, to which the Western Digital and Kioxia deals were meant to contribute significantly. He gave no deadline - it was a long-term goal, not a dated promise. In none of the nine following calls was the target ever mentioned again; per the CFO, semiconductor revenue was about 18 million in 2024 and about 26 million dollars in 2025 (2025-Q4). The target is therefore not demonstrably broken, but it has disappeared from the reporting without comment. The second long-term goal - 500 million dollars in total revenue - is still cited, in five of the ten calls (2023-Q4, 2024-Q1, 2024-Q3, 2025-Q4, 2026-Q1), likewise without any timeline.
No quarterly timing, no customer names - until litigation
Asked when the announced large deals would close (Khorsand in 2024-Q1, 2024-Q2, 2024-Q3, 2024-Q4 and 2025-Q3), management always pointed to annual guidance only: very large, complex deals, quarterly timing not predictable; twice (2024-Q1, 2024-Q3) the CEO cited a typical negotiation cycle of 18 to 24 months. The answers were not uniformly evasive, however - in 2024-Q2 and 2024-Q4 the CEO explicitly promised a closing within the running year, and in 2024-Q3 management disclosed the possible slip on its own initiative. It was precisely those concrete annual commitments that then failed to hold. Investors learned the semiconductor customer's name only through the AMD lawsuit (2025-Q3); for the OTT deal the customer was named voluntarily at signing (Amazon, 2024-Q4), and Disney, per the CEO, was explicitly never part of the 2024 forecast. In 2026-Q1 the CFO declined to break out what share of the AMD revenue was retroactive and thus one-off.
More lawsuits, new pet metric, open contradiction on the call
The number of legal disputes has risen sharply: Disney (2024-Q3), AMD (2025-Q3), plus the dispute initiated by DIRECTV itself with a countersuit from Adeia (2025-Q4) and the failed DISH renewal (2026-Q1). This was not a quiet change of strategy, however: already in the Q4 2023 call, in which the CEO pointed to more than 95 almost entirely litigation-free agreements, the CFO announced a doubling of litigation costs back to historically normal levels, and the CEO named litigation explicitly as a prepared option. In 2025-Q4 the CEO put permanently budgeted litigation costs at 25 to 35 million dollars per year. In parallel, from 2025-Q1 the non-pay-TV recurring revenue metric (+25 to +31 percent per quarter) moved to the center of the calls while total revenue stagnated around 86 to 88 million for three quarters. The clearest finding sits in 2026-Q1: CFO and CEO openly contradicted each other on the call about whether AMD will be a 10 percent customer going forward - the CFO said yes, the CEO corrected to no immediately after. On the same call, CEO Davis announced his resignation for health reasons; a successor is to be in place by the fourth quarter of 2026.
Management promises
-
2023-Q4 broken
2024 revenue guidance: 380 to 420 million dollars.
Cut to 370-400 million in 2024-Q3; actual 2024 per 2024-Q4: 376 million - below the low end of the original range.
-
2024-Q2 kept
Significant new OTT license agreement in the second half of 2024.
Delivered: multiyear agreement with Amazon, a top-3 OTT provider, signed in 2024-Q4.
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2024-Q2 broken
Significant new semiconductor license agreement still in the second half of 2024.
Postponed in 2024-Q3 and 2024-Q4, still open through 2025, litigation against AMD instead of a signing in 2025-Q3; signed only in March 2026 (2026-Q1).
-
2024-Q4 kept
2025 revenue of 390 to 430 million dollars with mid-to-high single-digit growth.
Ultimately exceeded: 443 million, up about 18 percent (2025-Q4) - though only after an interim cut to 360-380 million in 2025-Q3 and thanks to the Disney agreement in the final quarter.
-
2025-Q3 kept
Recurring revenue crosses roughly 90 million dollars in the fourth quarter of 2025.
Kept: per 2026-Q1, recurring revenue in the prior quarter was 94.5 million dollars.
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2025-Q3 open
Revenue growth is projected for 2026.
The promise referred to the then-lowered base of 360-380 million. The 2026 range of 395-435 million (2025-Q4, reaffirmed in 2026-Q1) does sit below the 2025 actual of 443 million; but the 2025 actual contained a large one-off catch-up component from the Disney agreement - the final quarter was roughly half recurring and half one-off per the CFO. The two figures are therefore not directly comparable.
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2026-Q1 open
A successor for CEO Paul Davis is to be found by the fourth quarter of 2026.
Per 2026-Q1 the search is underway with an external firm; Davis stays on until the handover.
Based on public earnings call transcripts. Reviewed: 10 transcripts 2023-Q4 through 2026-Q1.
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 38.6% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 3
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.42 | 1.36 – 1.47 | 417 | -13.9% | 4 |
| 12/31/2027 | 1.55 | 1.38 – 1.72 | 448 | 9.0% | 4 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 0.22 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.32 | 181.80 | 119 | 37.20 | 30.20 | 108 | 95 |
| 2025: Q1 | 0.10 | 1,213.60 | 88 | 5.10 | 13.50 | 57 | 52 |
| 2025: Q2 | 0.15 | 100.10 | 86 | -1.80 | 19.50 | 23 | 23 |
| 2025: Q3 | 0.08 | -54.20 | 87 | 1.40 | 10.10 | 18 | 16 |
| 2025: Q4 | 0.65 | 105.80 | 183 | 53.30 | 40.40 | 60 | 59 |
| 2026: Q1 | 0.20 | 90.80 | 105 | 19.50 | 21.70 | 59 | 53 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 260 | 134 | 56 | 1.12 | 146 | 508 | 1,186 |
| 2017 | 374 | 5 | -57 | -1.15 | 147 | 436 | 1,110 |
| 2018 | 406 | 50 | 0 | -0.01 | 135 | 619 | 1,235 |
| 2019 | 280 | -64 | -63 | -1.27 | 169 | 548 | 1,048 |
| 2020 | 516 | 267 | 147 | 1.75 | 428 | 1,457 | 2,701 |
| 2021 | 878 | 25 | -55 | -0.53 | 235 | 1,350 | 2,470 |
| 2022 | 439 | 162 | -296 | -2.75 | 183 | 301 | 1,211 |
| 2023 | 389 | 136 | 67 | 0.60 | 153 | 357 | 1,106 |
| 2024 | 376 | 129 | 65 | 0.57 | 212 | 397 | 1,098 |
| 2025 | 443 | 209 | 111 | 0.98 | 158 | 481 | 1,039 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
About the Company
Adeia Inc. ist gemeinsam mit ihren Tochtergesellschaften als Plattformunternehmen für die Lizenzierung von Medien- und Halbleiter-IP in den USA, Asien, Kanada, Europa, dem Nahen Osten und international tätig.
| Employees | 150 |
|---|---|
| Headquarters | San Jose, CA |
| Address | 3025 Orchard Parkway, 95134 San Jose, United States |
| Phone | 408 473 2500 |
| Website | adeia.com |
| IPO Date | 20. Nov 2003 |
| ISIN | US98390M1036 |
| Stock Split | 189:50 on 10/03/2022 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Paul E. Davis J.D. | CEO & Director | 1975 |
| Keith A. Jones | Chief Financial Officer | 1970 |
| Kevin Tanji | Chief Legal Officer & Corporate Secretary | 1978 |
| Serhad Doken | Chief Technology Officer | – |
| Chris Chaney | Vice President of Investor Relations | – |
| Jarl Berntzen | Chief Corporate Development Officer | 1967 |
| Christina Sawyer | Chief People Officer | – |
| Craig S. Mitchell | Chief Semiconductor Officer | 1972 |
| Joseph Guiliano | Chief intellectual property (IP) officer | – |
| Bill Thomas | Chief Strategy Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.