Every material Form 8-K Adeia filed with the SEC in 2026, 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
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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