Filing Flows › Adeia (ADEA) › Q1 2026
Adeia (ADEA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Adeia (ADEA) reported revenue of $105M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -43% from the quarter before. Operating margin was 33.2%, net earnings $22.8M (21.7% of revenue).
Adeia, Q1 2026: revenue $105M (+20% year over year), operating margin 33.2%, net earnings $22.8M, operating cash flow $58.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | -43% | +20% |
| Operating profit | $34.8M | -68% | +53% |
| Net earnings | $22.8M | -69% | +93% |
| Operating cash flow | $58.5M | -3% | +2% |
| Free cash flow | $58.1M | -2% | +2% |
What changed
Revenue was $104.8M in Q1 2026, up 20% year over year and down 43% from the previous quarter. Recurring Revenue was the largest line at 63% of revenue. Nonrecurring Revenue added $35.3M year over year (up 1081%), 206% of the total change. Recurring Revenue declined 22%.
Operating profit was $34.8M, a 33.2% margin (up 7.2 points year over year). Of the extra revenue versus Q1 2025, 70% reached operating profit, above the 26% margin then. Total costs grew 8% against revenue growth of 20%. The fastest-growing cost line was Research & development (+11%). Net earnings were $22.8M, up 93% year over year. The effective tax rate was 18.6%.
Operating cash flow was $58.5M (up 2% year over year), 257% of net earnings. Non-cash charges added back $16.4M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $10.5M. Capital expenditures of $434K left free cash flow of $58.1M.
Questions
What was Adeia's revenue in the first quarter 2026?
Adeia (ADEA) reported revenue of $105M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -43% from the quarter before.
Was Adeia profitable in the first quarter 2026?
Operating profit was $34.8M (33.2% of revenue) and net earnings $22.8M.
Source: Adeia 10-Q on SEC EDGAR.