Slides
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1 Q3 2026 Earnings November 2, 2026
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2 This presentation release contains“forward-lookingstatements” 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 theCompany’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In this context, forward-looking statements often address expected future business, financial performance and 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 statementsby their nature address matters that involve risks and uncertainties, many of which are beyond theCompany’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: theCompany’s ability to implement its business strategy; theCompany’s ability to enter into new and renewal license agreements with customers on favorable terms; the length of time it takes to enter into license agreements; theCompany’s ability to retain and hire key personnel; uncertainty as to the long-term value of theCompany’s common stock; legislative, regulatory and economic developments affecting theCompany’s business; general economic and market developments and conditions; theCompany’s ability to grow and expand its patent portfolios; theCompany’s success in litigation, arbitration and administrative proceedings to defend our IP rights and our licensing practice and the costs associated with such defense; 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 theCompany’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 theCompany’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 theCompany’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 theCompany’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 developments or 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. Dipti Vachani S Dipti Vachani appointed CEO and Board member Effective October 12, 2026 Nearly 30 years in the semiconductor industry Executive leadership roles at Arm, Intel, Skyworks Solutions and T exas Instruments Proven track record of building technology businesses Led Arm’s automotive licensing business and created a robust ecosystem for sustainable growth Near term focus; listen, learn and execute Deliver on path towards long-term revenue growth and continued innovation Chief Executive Officer
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4 © 2026 Adeia | All rights reserved. Q3 2026 Business Highlights SAdded 4 new customers in Pay-TV, e-commerce, consumer electronics and social media Signed 8 license agreements across Pay-TV, e-commerce, consumer electronics and social media Grew non-Pay-TV recurring revenue 48% year-over-year, continuing a multi-quarter trend Achieved revenue of $80.2 million
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5 © 2026 Adeia | All rights reserved. Recent Deal Momentum S Signed a multi-year renewal with TCL, one of the world’s largest manufacturers of connected TVs, for access to our media portfolio Signed a new long-term license agreement with Fanatics, a leading sports apparel e-commerce company, for access to our media portfolio Signed a multi-year renewal with Charter, the largest Pay-TV and broadband provider in the U.S., for access to our media portfolio Signed new license agreements with a social media company and a consumer electronics company, as well as license agreements with three other Pay-TV providers, all for access to our media portfolio
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6 © 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 Disciplined 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 streaming, semiconductors, and adjacent media markets
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7 • See tables for reconciliation of GAAP to Non-GAAP differences Category (in millions) Q3’26 GAAP Q3’26 NON-GAAP Revenue $80.2 $80.2 Operating expenses $71.1 $43.8 Interest expense $8.1 $8.1 Other income, net $1.8 $1.8 Income tax expense $0.5 $6.3 Net income $2.3 $23.8 Adjusted EBITDA N/A $36.9 Diluted shares outstanding 114.3 114.3 © 2026 Adeia | All rights reserved. Q3 2026 Results
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8 © 2026 Adeia | All rights reserved. Category (in millions, except tax rate) FY’26 GAAP FY’26 Non-GAAP Revenue $375.0 – 415.0 $375.0 – 415.0 Operating expenses $283.0 – 289.0 $176.0 – 180.0 Interest expense $32.0 – 34.0 $32.0 – 34.0 Other income $6.0 – 7.0 $6.0 – 7.0 T ax rate 20% 21% Net income $52.8 – 79.2 $136.7 – 164.3 Adjusted EBITDA N/A $201.1 – 237.1 Diluted shares outstanding 113.5 – 114.5 113.5 – 114.5 • See tables for reconciliation of GAAP to Non-GAAP differences FY 2026 Outlook
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9 Value Proposition Foundation Driven by Strong Portfolios and Technology Offerings 14,500+ 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. Disciplined Capital Allocation to Maximize Shareholder Value Focused investments in innovation across media and semiconductors Expand IP portfolios through tuck-in acquisitions Disciplined approach toward balance sheet management and returning capital to shareholders
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10 Questions & Answers
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11 Thank you!