Adeia Announces Second Quarter 2025 Financial Results

Core Insights - Adeia Inc. reported revenue of $85.7 million for Q2 2025, consistent with expectations, and closed five deals across key growth verticals including semiconductors, e-commerce, and OTT [2][7] - The company introduced RapidCool, a new direct-to-chip liquid cooling technology aimed at high-performance semiconductors, particularly for AI applications [2][7] - Adeia has paid down over $300 million on its term loan since its separation, with an outstanding balance of $458.9 million as of June 30, 2025 [5][7] Financial Highlights - Revenue for Q2 2025 was $85.7 million, a decrease from $87.7 million in Q1 2025 [7] - GAAP diluted earnings per share (EPS) was $0.15, while non-GAAP diluted EPS was $0.25 [7] - GAAP net income was $16.7 million, and adjusted EBITDA was $45.7 million [7] Business Highlights - The company signed three new license agreements with new customers, including a multi-year agreement with ST Microelectronics and two new e-commerce customers [7] - A quarterly cash dividend of $0.05 per share was distributed to stockholders, with another dividend declared for September 16, 2025 [5][7] Capital Allocation - During the quarter, Adeia made $11.1 million in principal payments towards its term loan [5] - The company reiterated its full-year 2025 revenue outlook, maintaining a range of $390.0 million to $430.0 million [8] Financial Outlook - Operating expenses are expected to be lower than previously anticipated, with updated guidance for 2025 operating expenses now projected between $261.0 million and $271.0 million [8] - The company anticipates net income for 2025 to be between $85.1 million and $86.5 million [8]