ADEA
Adeia Inc.

Adeia Inc.ADEA

Technology · Software - Application
15.49USD
+4.52%
Nov 08, 2026
ADEA overview ready
Licensor of advanced semiconductor packaging IP for AI compute
Adeia is an IP-licensing enabler of advanced semiconductor packaging rather than a manufacturer of chips, packaging equipment or assembled packages.
Theme not measured
Technology IP Licensing has no leadership state this session.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on semiconductor industry capital expenditure cycles.
Market Nov 6Filing Sep 30Price action Nov 7Research Aug 28

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction5.4BusinessPerformance2.0BusinessQuality7.0Valuation7.7ThemeMomentum—Weakening — Revenue fell 8% year over year in the latest quarter. One recent quarter could not be confirmed and is not part of this read. Diluted EPS fell 75% year over year to $0.02. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Technology IP Licensing — Technology IP Licensing has only one or two priced members — no leadership state
Its economic family, Technology Hardware & IT Services, reads Neutral (+1.7pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$1.7B
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
+17.9%
FY2025 vs FY2024
Gross Margin
+100.0%
Operating Margin
+38.4%
Trailing twelve months
Free Cash Flow Yield
+10.3%
Distance from 200DMA
-39.2%
P/E
14.7x
EV / Sales
4.2x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Weakening

Revenue fell 8% year over year in the latest quarter. One recent quarter could not be confirmed and is not part of this read. Diluted EPS fell 75% year over year to $0.02.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthDeclining
-8.2%
$80.2M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. n/a
  2. +20%
  3. +12%
  4. -8.2%
Earnings growthDeclining
-75%
Diluted EPS $0.02 vs $0.08 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +103%
  2. +100%
  3. n/a
  4. -75%
Operating marginSwinging
11.3%
-19.6 pp YoY

Business Quality

7.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view.
Adeia Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 10.3% free-cash-flow yield and 4.2x revenue, which the underlying economics comfortably support.

Company Research

Thesis
Adeia is an IP-licensing enabler of advanced semiconductor packaging rather than a manufacturer of chips, packaging equipment or assembled packages. Adeia is an R&D and intellectual-property licensing company with media and semiconductor portfolios, not simply a pay-TV licensing business.
Opportunity
High opportunity
AI accelerator, high-bandwidth-memory and high-performance-compute scaling is increasing demand for advanced packaging, heterogeneous integration and wafer-level interconnect technologies that raise compute density, bandwidth and power efficiency.
Key risk
Dependence on semiconductor industry capital expenditure cycles.

Economic classification

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Business & Markets

Technology · Software - Application
What they do

Adeia Inc. operates as a media and semiconductor intellectual property licensing platform, licensing patent portfolios globally across multiple markets including video programming distributors and streaming providers.

How it earns

The company generates revenue primarily through licensing its intellectual property portfolios to customers.

Products & services
Semiconductor intellectual property licensing
Media content distribution patent licensing
Customers & end markets
Multichannel video programming distributors (cable, satellite, telecom TV providers)
Over-the-top video service providers
Market position

Niche player specializing in IP licensing for advanced semiconductor packaging technologies.

Demand drivers
Medium cyclicality

Demand is linked to semiconductor industry cycles and AI infrastructure investment trends.

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