Xperi Inc. · NYSE:XPER
Xperi — Q3 2026 Earnings Presentation
21 slides from Xperi's earnings presentation, Nov 4, 2026
Slide 1: Q3 2026 Earnings
Q3 2026 Earnings November 4, 2026
Slide 2: Safe Harbor
Safe Harbor This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements r
Slide 3: Mission, Vision, Markets, Solutions
MISSION VISION MARKETS SOLUTIONS WHAT WHY WHERE WHO Xperi invents, Smarter technology = Media Platform TiVo® develops, and delivers Extraordinary experiences Connected Car DTS® technologies that enable Pay TV HD Radio™ extraordinary experiences Consumer Electronics IMAX® Enhanced1 1 IMAX® Enhanced i
Slide 4: Q3 Financial Metrics Summary
Q3 Financial Metrics Summary § Revenue of $114M, increased 2% Y/Y § GAAP operating expenses, excluding cost of revenue, decreased 9% Y/Y § Non-GAAP adjusted operating expense1,2 decreased 7% Y/Y § GAAP net loss of $5.2M and non-GAAP Adjusted EBITDA1 of $23.0M (at 20% of revenue) § GAAP net loss per
Slide 5: Media Platform
Media Platform HIGHLIGHTS: 6.8 million TiVo One Monthly Active Users* at quarter end Year-to-date Advertising and Related revenue grew 90% year-over-year TiVo One ARPU* of $7.65, up 14% from last quarter MediaMarktSaturn selected TiVo as OS partner for retail media on Smart TVs, including its privat
Slide 6: Connected Car
Connected Car HIGHLIGHTS: AutoStage footprint exceeded 18 million cars shipped to date across 13 brands and covering over 150 countries AutoStage Broadcaster Portal* expanded to 550 U.S. metro areas and signed eight additional broadcasters for data monetization Signed a multi-year HD Radio program w
Slide 7: Pay TV
Pay TV HIGHLIGHTS: 3.42 million global IPTV subscriber households at quarter end Extended multi-year video-over- broadband agreements with Hotwire and Armstrong, including expanded commercial commitments Four new ISP wins expanded TiVo video-over-broadband adoption in Canada 7 © 2026 Xperi Inc. All
Slide 8: Consumer Electronics
Consumer Electronics HIGHLIGHTS: Renewed a multi-year IMAX® Enhanced* agreement with TCL, expanding DTS:X reach across a leading Smart TV OEM Executed DTS:X agreements with Holatek for projectors and Trinnov for AV preamplifiers and processors Signed a DTS:X agreement with Evolution Digital for stre
Slide 9: 2026 Growth Goals
2026 Growth Goals STATUS § More than 7 million TiVo One Monthly Active Users1 Expect 7.5M+ Year-End Expectation: § Media Platform revenue growth of ~100% with Media Platform growth ~60% TiVo One ARPU2 exit rate above $10 Ads + Related growth ~100% TiVo One ARPU between 80% to 100% of goal * related
Slide 10: Q3 2026 Revenue Breakdown
Q3 2026 Revenue Breakdown Market Y/Y Y/Y % Q3 2025 Q3 2026 ($ in thousands) Change Change Pay TV 49,781 53,378 3,597 7% - Core Pay TV1 25,535 27,428 1,893 7% - IPTV 24,246 25,950 1,704 7% Consumer Electronics 18,802 13,602 (5,200) -28% Connected Car 34,612 29,932 (4,680) -14% Media Platform 8,437 17
Slide 11: Q3 2026 Financial Results Summary
Q3 2026 Financial Results Summary ($ in thousands, except per share amounts) Q3 2025 Q3 2026 Y/Y Q3 2025 Q3 2026 Y/Y GAAP GAAP Change Non-GAAP3 Non-GAAP3 Change Revenue 111,632 113,953 2,321 111,632 113,953 2,321 Cost of revenue1 29,078 35,496 6,418 28,144 35,016 6,872 Adjusted operating expense2 83
Slide 12: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Finished third quarter of 2026 with $87 million of cash and cash equivalents Operating Cash Flow of $4 million in third quarter of 2026, a decrease of $4 million from third quarter of 2025 Free Cash Flow1usage of $3 million in third quarter of 2026 1 For further informati
Slide 13: Updated Financial Outlook for FY 2026
Updated Financial Outlook for FY 2026 Category 2026 Outlook - Updated 2026 Outlook - Prior Revenue $450M to $462M $440M to $470M Adjusted EBITDA Margin1, 2 19% to 21% 17% to 19% Additional Information 2026 Outlook - Updated 2026 Outlook - Prior Operating Cash Flow $20M to $30M $15M to $25M Capital E
Slide 14: We create extraordinary experiences at home, in the car, and on the go
Connected Car We create extraordinary experiences at home, in the car, and on the go Consumer Pay TV Electronics for millions of consumers around the world. Media Platform 14 © 2023 Xperi. All rights reserved.
Slide 15: Reconciliation Tables
Reconciliation Tables
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company’s press release and presentation contain non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Inc
Slide 17: GAAP to Non-GAAP Net (Loss) Income Reconciliation
GAAP to Non-GAAP Net (Loss) Income Reconciliation XPERI INC. GAAP TO NON -GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended September 30, 2026 2025 Reconciliation of GAAP net loss: GAAP net loss $ (5,241 ) $ (6,107 ) Adjustments to GAAP net loss: Stock-based compensation (1) 7,014 9
Slide 18: GAAP to Non-GAAP Net (Loss) Income per Share Reconciliation
GAAP to Non-GAAP Net (Loss) Income per Share Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended September 30, 2026 2025 Reconciliation of GAAP net loss per share: GAAP net loss per share $ (0.11 ) $ (0.13 ) Adjustments t
Slide 19: Operating (Loss) Income Reconciliation
Operating (Loss) Income Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended September 30, 2026 2025 GAAP operating income (loss) $ 1,763 $ (1,362 ) Adjustments to GAAP operating income (loss): Stock-based compensation 7,0
Slide 20: Adjusted EBITDA and Free Cash Flow Reconciliations
Adjusted EBITDA and Free Cash Flow Reconciliations XPERI INC. GAAP TO NON -GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended September 30, 2026 2025 GAAP net loss $ (5,241 ) $ (6,107 ) Adjustments to GAAP net loss: Interest expense 666 934 Provision for income taxes 7,383 4,805 Stoc
Slide 21: Adjusted Operating Expense Reconciliation
Adjusted Operating Expense Reconciliation XPERI INC. GAAP TO NON -GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended September 30, 2026 2025 Total GAAP operating expenses $ 112,190 $ 112,994 Less: Cost of licensing and other revenue, excluding depreciation and amortization of intangi