🔴 Adeia is trading 21.38% down in pre-market after lowering 2026 revenue guidance

Adeia is trading at $16.25, down -21.38%, in pre-market after missing analyst expectations and lowering 2026 revenue guidance.

• November 2 results showed Q3 revenue of $80.2 million and adjusted EPS of $0.21, both below analyst expectations.
• Management lowered 2026 revenue guidance to $375 million–$415 million from $395 million–$435 million, citing uncertainty about when several large licensing deals will close.
• Shares had closed lower in the prior two sessions, but the sharper pre-market decline followed the results.