Every material Form 8-K Adeia has filed with the SEC since May 20, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Adeia reported third-quarter 2026 revenue of $80.2 million, down from $87.3 million a year earlier, and GAAP net income of $2.3 million, down from $8.8 million. The company lowered its full-year 2026 revenue range to $375 million to $415 million from $395 million to $435 million, and it also named Dipti Vachani chief executive officer. For shareholders, the weaker quarter and lower outlook point to a weaker near-term earnings picture.
Q3 2026 revenue was $80.2 million, versus $87.3 million in Q3 2025 and $96.1 million in Q2 2026
GAAP diluted EPS was $0.02 (vs. $0.08 a year earlier); non-GAAP diluted EPS was $0.21 (vs. $0.28)
Full-year 2026 revenue outlook was cut to $375 million-$415 million from $395 million-$435 million; GAAP net income outlook was lowered to $52.8 million-$79.2 million from $57.2 million-$80.4 million
Dipti Vachani was appointed CEO; the CFO said some license deals could slip past year-end
Adeia Inc. said Dipti Vachani, a former Arm Limited executive, will become chief executive officer and a board member effective October 12, 2026, succeeding Paul E. Davis, who is leaving to focus on his health and personal pursuits. The filing sets out her pay package, including a $730,000 base salary and an $11,000,000 target equity grant, along with severance terms and a consulting arrangement for Davis.
Vachani's CEO start date and board seat are both effective October 12, 2026; Davis's consulting agreement runs through December 31, 2026.
Vachani's offer letter provides a $730,000 base salary and a target bonus of 100% of base salary.
Target equity grants total $11,000,000, including a $4,400,000 time-based RSU award and a $6,600,000 performance-based RSU award.
Davis will receive a fixed consulting fee of $183,000.
Adeia reported second-quarter 2026 revenue of $96.1 million, up from $85.7 million a year earlier, and non-GAAP diluted EPS of $0.34 versus $0.25. The company raised its long-term annual revenue outlook to $600 million from $500 million, citing its semiconductor business, and reiterated its full-year 2026 GAAP revenue outlook of $395.0 million to $435.0 million.
Q2 2026 revenue was $96.1 million versus $85.7 million in Q2 2025; GAAP diluted EPS was $0.15, unchanged from a year earlier
Non-GAAP diluted EPS was $0.34 versus $0.25 in Q2 2025; GAAP net income was $17.4 million
Long-term annual revenue outlook raised to $600 million from $500 million; 2026 revenue outlook of $395.0 million to $435.0 million reiterated
Repurchased $10.0 million of common stock in the quarter, with $140.0 million remaining under the repurchase plan as of June 30, 2026
On July 22, 2026, Adeia's compensation committee approved changes to severance agreements with its CFO Keith A. Jones, Chief Revenue Officer Dr. Mark Kokes, and Chief Legal Officer Kevin Tanji. The changes add equity vesting acceleration on a qualifying termination, and the amended agreements will be filed with the 10-Q for the quarter ended June 30, 2026, so the full terms are not yet public.
Committee approved changes on July 22, 2026 to prior severance agreements with three executives
Qualifying termination now accelerates vesting of equity awards scheduled to vest within 12 months of termination
Performance awards vest on actual performance for completed fiscal years and the greater of target or actual performance for other goals
Amended agreements to be filed as an exhibit to the Form 10-Q for the quarter ended June 30, 2026
Adeia CEO Paul E. Davis told the company and board on May 4, 2026, that he intends to step down as CEO and as a director to focus on his health and personal pursuits. He will remain in both roles until a successor is named, with a target for completing the search by the fourth quarter of 2026.
Davis has served as CEO for the past four years and has been with the company nearly 15 years, including predecessor companies.
A board Transition Committee, chaired by Chairman Dan Moloney, will lead the search and consider internal and external candidates, assisted by a nationally recognized search firm.
The filing states the decision is not the result of any disagreement with the company.
Davis stated the company is in a strong financial, strategic and operational position, and the company cited record revenue and earnings in 2025.
Adeia reported first quarter 2026 results, with revenue of $104.8 million, up from $87.7 million a year earlier, and GAAP net income of $22.8 million, up from $11.8 million. The company reiterated its full year 2026 revenue outlook of $395.0 million to $435.0 million and said it paid down $28.1 million of debt during the quarter.
Q1 2026 revenue was $104.8 million, compared with $87.7 million in Q1 2025 and $182.6 million in Q4 2025.
GAAP diluted EPS was $0.20 and non-GAAP diluted EPS was $0.38, compared with $0.10 and $0.26 a year earlier.
The company repurchased $10.0 million of common stock and reduced its term loan balance to $398.6 million as of March 31, 2026.
The Board declared a $0.05 per share dividend, payable June 15, 2026, to holders of record on May 26, 2026.
Adeia reported record fourth-quarter 2025 revenue of $182.6 million, up from $119.2 million a year earlier, and full-year 2025 revenue of $443.4 million, up from $376.0 million. Its 2026 outlook calls for revenue of $395.0 million to $435.0 million and GAAP net income of $57.2 million to $80.4 million, both below the 2025 actual results of $443.4 million and $111.1 million.
Q4 2025 GAAP diluted EPS was $0.65, versus $0.32 in Q4 2024; non-GAAP diluted EPS was $0.86.
Full-year 2025 GAAP net income was $111.1 million and adjusted EBITDA was $277.6 million.
2026 guidance: revenue $395.0 million to $435.0 million; GAAP net income $57.2 million to $80.4 million; adjusted EBITDA $213.4 million to $245.4 million.
A long-term license agreement with Disney was signed in Q4 2025, resolving all outstanding litigation.
Adeia Inc. announced executive changes, including the appointment of Dr. Mark Kokes as Chief Revenue Officer effective January 26, 2026, and the planned departure of Dana Escobar, its Chief Licensing Officer & General Manager, Semiconductor, effective March 13, 2026. The filing also says Craig Mitchell rejoined as chief semiconductor officer and Bill Thomas was named chief strategy officer; the filing does not disclose financial results or a financial impact of these changes.
Dr. Mark Kokes appointed Chief Revenue Officer effective January 26, 2026; previously Chief Licensing Officer & General Manager, Media
Dana Escobar will leave his Chief Licensing Officer & General Manager, Semiconductor role and depart the company effective March 13, 2026
Escobar is entitled to severance under his February 9, 2023 agreement, subject to signing a general release and continued covenant compliance
Craig Mitchell rejoined as chief semiconductor officer and Bill Thomas was named chief strategy officer
Adeia reported third-quarter 2025 revenue of $87.3 million, up from $86.1 million a year earlier, and GAAP net income of $8.8 million, down from $19.3 million. The company lowered its full-year 2025 revenue outlook to $360 million-$380 million from $390 million-$430 million, mainly because a license agreement with AMD is now unlikely to close in the fourth quarter, and it filed patent infringement litigation against AMD.
Q3 2025 revenue was $87.3 million versus $86.1 million in Q3 2024; GAAP diluted EPS was $0.08 versus $0.17, and non-GAAP diluted EPS was $0.28 versus $0.27.
Full-year 2025 revenue guidance was cut to $360 million-$380 million from $390 million-$430 million; non-GAAP adjusted EBITDA guidance was cut to $202.3 million-$218.3 million from $232.1 million-$266.1 million.
Adeia filed patent infringement litigation against AMD on November 3, 2025.
The board declared a quarterly dividend of $0.05 per share, payable December 15, 2025, to holders of record on November 24, 2025.
Adeia reported second-quarter 2025 revenue of $85.7 million, down from $87.4 million a year earlier and $87.7 million in the first quarter. GAAP diluted EPS rose to $0.15 from $0.07, helped by a $9.1 million income tax benefit, while non-GAAP diluted EPS fell to $0.25 from $0.28, so shareholders see a mixed picture.
Q2 2025 revenue was $85.7 million versus $87.4 million in Q2 2024
GAAP net income was $16.7 million versus $8.4 million a year earlier; non-GAAP diluted EPS was $0.25 versus $0.28
Adjusted EBITDA was $45.7 million versus $52.8 million in Q2 2024
Full-year 2025 GAAP net income outlook raised to $85.1 to $86.5 million from $76.5 to $81.6 million; revenue outlook of $390 to $430 million reiterated
Adeia reported first quarter 2025 revenue of $87.7 million, up from $83.4 million a year earlier, and GAAP net income of $11.8 million, compared with $0.9 million in the prior-year quarter. The company reiterated its full-year 2025 revenue outlook of $390.0 million to $430.0 million, so shareholders have no new guidance change to weigh.
Q1 2025 revenue was $87.7 million, compared with $83.4 million in Q1 2024
GAAP diluted EPS was $0.10 versus $0.01 a year earlier; non-GAAP diluted EPS was $0.26
Cash from operations was $57.1 million, compared with $67.2 million in Q1 2024
2025 revenue outlook of $390.0 million to $430.0 million was reiterated
Adeia reported fourth-quarter 2024 revenue of $119.2 million, up from $86.9 million a year earlier, and GAAP diluted EPS of $0.32 versus $0.11. For full-year 2024, revenue fell to $376.0 million from $388.8 million and GAAP diluted EPS fell to $0.57 from $0.60. The company guided 2025 revenue to $390.0 million to $430.0 million.
Q4 2024 GAAP net income was $36.0 million, versus $12.7 million in Q4 2023.
Full-year 2024 GAAP net income was $64.6 million, versus $67.4 million in 2023; non-GAAP diluted EPS was $1.26, versus $1.39.
Company paid down $50.0 million on its term loan and repurchased $20.0 million of common stock in Q4 2024.
2025 outlook: revenue of $390.0 million to $430.0 million and GAAP net income of $76.5 million to $81.6 million.
Adeia Inc. entered into Amendment No. 4 to its credit agreement on January 30, 2025, refinancing its existing term loans with new Refinancing Term B Loans of $487,082,812.50. The amendment lowers the interest rate margin on these loans to 2.50% per annum for SOFR loans and 1.50% for base rate loans, and the loans mature on June 8, 2028.
New Refinancing Term B Loans totaling $487,082,812.50 reprice the entire term loan amount.
SOFR loan margin reduced to 2.50% per annum; base rate loan margin reduced to 1.50% per annum.
A 1.00% prepayment premium applies to any repricing of the new loans within six months of the amendment closing date.
Loans mature June 8, 2028, the same maturity date as the prior term loans.
Adeia reported third-quarter 2024 revenue of $86.1 million, down from $101.4 million a year earlier, and GAAP diluted EPS of $0.17, down from $0.21. It narrowed its full-year 2024 revenue outlook to $370 million-$400 million from $380 million-$420 million and lowered its GAAP net income outlook, which weighs on shareholders even though the board raised its share repurchase authorization to $200.0 million.
Q3 2024 revenue was $86.1 million, versus $101.4 million in Q3 2023 and $87.4 million in Q2 2024.
Q3 2024 GAAP diluted EPS was $0.17 (Q3 2023: $0.21); non-GAAP diluted EPS was $0.27 (Q3 2023: $0.38).
Full-year 2024 GAAP net income outlook was lowered to $65.9 million-$69.3 million from $71.4 million-$75.6 million.
The board raised the share repurchase authorization to $200.0 million in October, and declared a $0.05 per share dividend payable December 18, 2024.
Adeia reported second-quarter 2024 revenue of $87.4 million, up from $83.2 million a year earlier, and GAAP net income of $8.4 million, versus $1.4 million in the same quarter of 2024's prior year. The company kept its full-year revenue outlook of $380.0 to $420.0 million and raised its GAAP net income outlook to $71.4 to $75.6 million, citing lower operating expenses and interest expense.
Q2 2024 revenue was $87.4 million, up from $83.2 million in Q2 2023 and $83.4 million in Q1 2024.
GAAP diluted EPS was $0.07 versus $0.01 a year earlier; non-GAAP diluted EPS was $0.28 versus $0.26.
Full-year 2024 GAAP net income outlook updated to $71.4 to $75.6 million from $65.4 to $70.7 million; revenue outlook reiterated at $380.0 to $420.0 million.
Term loan repriced, lowering the interest rate by 61 basis points; the outstanding balance was $549.1 million as of June 30, 2024.
Adeia entered into Amendment No. 3 to its credit agreement on May 20, 2024, repricing its entire term loan balance through new Refinancing Term B Loans of $561,125,000. The loans carry a lower interest rate margin, a reduced excess cash flow mandatory payment threshold and mature on June 8, 2028, the same date as the prior term loans.
New Refinancing Term B Loans total $561,125,000, repricing the entire term loan amount
SOFR loan margin reduced to 3.00% per annum; base rate loan margin reduced to 2.00% per annum
A 1.00% prepayment premium applies to repricing transactions within six months of the amendment closing date
Loans mature June 8, 2028, unchanged from the existing term loans
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