Adeia delivered revenue of $85.7 million, consistent with expectations, and closed five deals during the second quarter, including three with new customers. The company reported strong cash generation and disciplined expense management, paying down $11.1 million on its term loan.
Revenue for the second quarter was $85.7 million, aligning with company expectations.
GAAP diluted EPS was $0.15, and non-GAAP diluted EPS was $0.25.
The company signed five deals in the quarter, including new license agreements with ST Microelectronics and two new e-commerce customers.
Adeia introduced RapidCool, a new direct-to-chip liquid cooling technology for high-performance semiconductors.
Adeia reiterated its full-year 2025 revenue outlook and updated its financial outlook to reflect lower operating expenses.
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