A securities law firm is examining Adeia Inc. (Nasdaq: ADEA) statements after Adeia cut its 2026 revenue outlook and attributed the reduction to licensing agreements that may close after year-end.
Levi & Korsinsky LLP said in a Nov. 3 notice that it is reviewing potential securities claims involving Adeia statements made before the forecast change. The firm seeks information from investors who say they suffered losses. The notice carries the label “Attorney Advertising.”
Adeia reduced its 2026 revenue range to $375 million to $415 million from $395 million to $435 million. That moved the midpoint to $395 million from $415 million, a $20 million reduction. In the Nov. 2 earnings release, Chief Financial Officer Keith Jones said a few licensing agreements might not be completed until after year-end. Adeia did not disclose the forecast revenue associated with those pending deals.
Adeia’s release reported revenue of $80.193 million for the three months ended Sept. 30, compared with $87.339 million in the same quarter a year earlier. Diluted earnings per share were $0.02 under generally accepted accounting principles and $0.21 on a non-GAAP basis.
On the Nov. 2 earnings call, Chief Executive Officer Dipti Vachani said the delayed agreements were in media. Jones gave rounded figures of $65 million in media revenue and $15 million in semiconductor revenue. Adeia licenses intellectual property in both markets.
Adeia also reported that four of the eight license agreements it signed during the quarter involved new customers; its long-term annual revenue target remains $600 million. Vachani said management sees 2027-2028 as the expected window for licensing tied to logic semiconductors to begin generating revenue.
The notice names no particular Adeia statement and announces no lawsuit or regulator inquiry.
