AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 12% YoY to $96.1M as $22.6M of settlement-driven non-recurring revenue offset a 14% decline in recurring Pay-TV royalties, pushing operating margin to 26% from 19% a year ago.
Biggest Revenue Drivers
Recurring revenue$73.5M-14% YoY
Driven primarily by declines in royalty revenue from certain Pay-TV customers, partially offset by license agreements executed with new customers after Q2 2025
Non-recurring revenue$22.6M+3441% YoY
Driven by two multi-year license agreements executed in Q2 2026, each including consideration for release of past IP infringement
Biggest Revenue Drivers
Total revenue: $96.1M+12% YoY
Recurring revenue$73.5M-14% YoY
Driven primarily by declines in royalty revenue from certain Pay-TV customers, partially offset by license agreements executed with new customers after Q2 2025
Non-recurring revenue$22.6M+3441% YoY
Driven by two multi-year license agreements executed in Q2 2026, each including consideration for release of past IP infringement
Largest Expense Items
Selling, general and administrative$31.0M-4% YoY
Decrease in advertising expense, partially offset by increased personnel costs from higher headcount
Amortization expense$16.1M+14% YoY
Patents acquired in 2025 and 2026, partially offset by certain intangible assets becoming fully amortized during 2025
Research and development$18.3M+16% YoY
Increase in patent portfolio expenses and personnel-related costs from increased headcount
Litigation expense$5.3M-26% YoY
Decreased expense from certain matters that have settled, partially offset by expenses from new litigation matters
Margins: Operating income rose to 26% of revenue from 19% a year ago, as revenue growth combined with lower SG&A and litigation expense outpaced increases in R&D and amortization.
Watch Items from the Filing
Two customers each represented 10%+ of Q2 revenue (Customer B 15.6%, Customer C 13.7%), and two customers made up 33% and 13% of accounts receivable at quarter-end.
Recurring revenue fell $11.6M (-14%) YoY on continued declines in royalty revenue from certain Pay-TV customers, a structural headwind to the core license base.
Litigation against DISH/EchoStar and DIRECTV is active and unresolved; certain DISH entities filed Chapter 11 bankruptcy on June 30, 2026, automatically staying related infringement cases.
Non-recurring revenue swung from $0.6M to $22.6M largely on one-time past-infringement settlement payments, a source that is inherently lumpy and non-repeating quarter to quarter.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Vachani DiptiChief Executive OfficerGrant or award · Oct 12, 2026
Jones Keith AChief Financial OfficerShares withheld for tax or exercise price · Aug 1, 2026
Davis Paul E.Chief Executive OfficerShares withheld for tax or exercise price · Jun 1, 2026
Oconnor Mayes ToniaReporting ownerGrant or award · May 7, 2026
Turner-Brim PhyllisReporting ownerGrant or award · May 7, 2026
Rymer AdamReporting ownerGrant or award · May 7, 2026
Moloney Daniel MReporting ownerGrant or award · May 7, 2026
Molina V SueReporting ownerGrant or award · May 7, 2026
About Adeia Inc. (ADEA): stock profile, AI score and financials
Adeia Inc. (ADEA) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores ADEA at 70.0/100 on a composite quality score built from its SEC filings, placing it at rank #230 of 2,925 stocks — the top 10% of the AI-ranked universe. ADEA scores in the top quartile across free cash flow (91.3), balance sheet strength (88.5), profitability (87.9). Areas of concern include revenue scale (36.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 18.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Adeia Inc. reports quarterly revenue of $96.1M, net income of $17.4M, an operating margin of 26.4%. Top institutional holders of ADEA by reported 13-F value include BlackRock, AMERIPRISE FINANCIAL, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. ADEA trades on the Nasdaq exchange and files with the SEC under CIK 1803696. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ADEA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Adeia Inc. directly from SEC EDGAR.