Slides
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1 Q2 2026 Earnings August 3, 2026
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2 This presentation contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In this context, forward-looking statements often address expected future business, financial performanceand financial condition, and often contain words such as “expect,” “anticipate,”“intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond the Company’s control, and are not guarantees of future results. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the Company’s ability to implement its business strategy; the Company’s ability to enter into new and renewal license agreements with customers on favorable terms; the Company’s ability to retain and hire key personnel; uncertainty as to the long-term value of the Company’s common stock; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the Company’s ability to grow and expand its patent portfolios; changes in technology and development of new technology in the industries in which in which the Company operates; the evolving legal, regulatory and tax regimes under which the Company operates; unforeseen liabilities and expenses; risks associated with the Company’s indebtedness; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, natural disasters and global health pandemics, each of which may have an adverse impact on the Company’s business, results of operations, and financial condition. These risks, as well as other risks associated with the Company’s business, are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. While the list of factors presented here is, and the list of factors presented in the Company’s filings with the SEC are, considered representative,no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Causes of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, failure to complete licensing arrangementson anticipated terms and timeline, failure to prevail in litigation we may bring against third parties, financial loss, legal liability to third parties and similar risks, and failure to attract or retain employees, any of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements,whether as a result of new information, future developmentsor otherwise, should circumstanceschange, except as otherwise required by securities and other applicable laws. Safe Harbor © 2026 Adeia | All rights reserved.
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3 © 2026 Adeia | All rights reserved. Q2 2026 Business Highlights SAdded a record 12 new customers in the quarter Signed 6 license agreements across OTT, e-commerce, consumer electronics and Pay-TV Revenue of $96.1 million, cash from operations of $54.6 million and an adjusted EBITDA margin of 58.7% Non-Pay-TV recurring revenue grew 54.0% year -over-year in the quarter, continuing a multi-quarter trend as our non-Pay-TV pipeline remains robust and continues to grow
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4 © 2026 Adeia | All rights reserved. Recent Deal Momentum S Signed a multi-year license agreement with RPX, a leading provider of patent risk management solutions, encompassing 10 new e -commerce customers, for access to our media portfolio Signed new multi-year license agreement with L'Oréal, a leading cosmetics and personal care company, for access to our media portfolio Signed a multi-year renewal with Google, which includes YouTube TV, one of the largest Pay-TV providers, for access to our media portfolio Signed a new multi-year license agreement with a domestic OTT provider, and license renewals with a leading European Pay-TV provider and a Japanese consumer electronics manufacturer, all for access to our media portfolio
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5 © 2026 Adeia | All rights reserved. Measures of Success S Increase Long-Term Revenue Continue to execute renewals and new customer agreements that will increase our annual revenue over the long-term IP Portfolio Growth Continue to grow patent portfolio through focused organic R&D and strategic inorganic investments Balanced Capital Allocation Approach Continue to pay down our term loan, return capital to shareholders through stock repurchases and dividends, and make strategic tuck-in acquisitions Grow Pipeline of Opportunities Continue to invest in key areas that will grow our pipeline of future opportunities in OTT , semiconductors, and adjacent media markets
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6 • See tables for reconciliation of GAAP to Non-GAAP differences Category (in millions) Q2’26 GAAP Q2’26 NON-GAAP Revenue $96.1 $96.1 Operating expenses $70.7 $40.2 Interest expense $8.0 $8.0 Other income, net $1.6 $1.6 Income tax expense $1.6 $10.4 Net income $17.4 $39.1 Adjusted EBITDA N/A $56.4 Diluted shares outstanding 114.4 114.4 © 2026 Adeia | All rights reserved. Q2 2026 Results
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7 © 2026 Adeia | All rights reserved. Category (in millions, except tax rate) FY’26 GAAP FY’26 Non-GAAP Revenue $395.0 – 435.0 $395.0 – 435.0 Operating expenses $295.0 – 305.0 $184.0 – 192.0 Interest expense $34.0 – 36.0 $34.0 – 36.0 Other income $5.5 – 6.5 $5.5 – 6.5 T ax rate 20% 21% Net income $57.2 – 80.4 $144.2 – 168.7 Adjusted EBITDA N/A $213.4 – 245.4 Diluted shares outstanding 114.0 – 115.0 114.0 – 115.0 • See tables for reconciliation of GAAP to Non-GAAP differences FY 2026 Outlook
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8 Value Proposition Foundation Driven by Strong Portfolios and Technology Offerings 14,250+ patent assets provide both depth and breadth to our licensing base Long and impressive history of successfully monetizing our portfolios Ongoing Innovation and Capitalization of Market Trends Drive Growth Ongoing innovations drive growth in targeted markets including AI enabling technologies Proliferation of video is expanding rapidly Semiconductor industry is challenged to keep up with Moore’s law © 2026 Adeia | All rights reserved. Focused Capital Allocation to Maximize Shareholder Value Focused investments in innovation across media and semiconductors Expand IP portfolios through tuck-in acquisitions Focused deployment of capital with a balanced approach of deleveraging our balance sheet and returning capital to shareholders
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9 Questions & Answers
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10 Thank you!