Slide 1: Investor Deck
Investor Deck August 2026 1 © 2026 Adeia | All rights reserved.
Slide 2: Safe Harbor
Safe Harbor This presentation contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on in
Slide 3: Ticker ADEA
NASDAQ Ticker ADEA [AH – dee – uh] Headquarters: ~$10.9B cumulative licensing revenue San Jose, CA Adeia turns ideas into innovations. $443M 2025 revenue Our name may be new, but our roots run deep with decades of continued 14,250+ patent assets innovation 125+ current customers We invent, develop a
Slide 4: Sustainable Advantage
Sustainable Advantage 35+ Years of Pioneering Innovation and Licensing Success Electronic Digital Chip Scale Wafer Level Universal Natural Language Live Thermal Program Guides Cable Search Multi-Screen Cloud Apps Shopping Packaging CSP Processing Solutions 1990 1995 2000 2005 2010 2015 2020 2025 Int
Slide 5: Sustainable Innovation
Sustainable Innovation Our commitment to innovation drives renewals and new deals Identify Emerging Strategically Invest in R&D Trends and Portfolio Development Attract New Customers Create Value for that Can Use Our Inventions Existing Customers to Differentiate 5 © 2026 Adeia | All rights reserved
Slide 6: Adeia is Investing Across the AI Stack
Adeia is Investing Across the AI Stack AI Capabilities AI Core Blocks Low Latency Inferencing Neural Networks RAG (Retrieval Augmented Generation) Reinforcement Learning Chain of Thought Natural Language (NL) Processing Reasoning NL Web & Model Context Protocol AI Agents Agent-to-Agent Protocol Powe
Slide 7: Partnering with the Ecosystem
Partnering with the Ecosystem ThermCon 2025-IMAPS Society of Cable & Telecommunications Engineering (SCTE) Electrical Components and Semiconductor eTail Boston Technology Conference The Age of AI Tech Summit NeurIPS eur S Chiplet Summit SIGGRAPH 2026 Open Compute Project SMPTE Future of Memory & Sto
Slide 8: Representative Long-Term Customer Relationships
Representative Long-Term Customer Relationships 25 20 15 Years 10 5 0 8 © 2026 Adeia | All rights reserved.
Slide 9: ~$1.2 Billion Total Contract Value Signed Since 2023
1 ~$1.2 Billion Total Contract Value Signed Since 2023 2 Supported by over 100 license agreements 1 We define total contract value to include fixed fee amounts and the estimated variable fees over the contract term 9 2 Representative sample of license agreements signed since January 1, 2023 © 2026 A
Slide 10: Measures of Success
Measures Increase Long-Term Revenue Continue to execute renewals and new customer agreements that will of Success increase our annual revenue over the long-term IP Portfolio Growth Continue to grow patent portfolio through focused organic R&D and strategic inorganic investments Balanced Capital Allo
Slide 11: Media
Media 11 © 2026 Adeia | All rights reserved.
Slide 12: 35+ Years of Cutting-Edge Technology Solutions
35+ Years of Cutting-Edge Technology Solutions Founded in 1978 Founded 1983 1970s – 1990s 2000s 2010s 2020s Digital Video Multi-Screen Conversational Image Filters Recorder User-Interface Cloud Apps and Gaming Universal Search Over-the-Top Augmented Reality AI/ML Electronic Video on Live Shopping Pr
Slide 13: Examples of Adeia's Media Innovation
Examples of Adeia’s Media Innovation Shaping How Customers Explore and Enhance Digital Experiences Over-the-Top High Performance Computing/ Interactive Programming Guide Content Storage Search & Recommendations High Performance Computing/ Content Delivery Content Storage Networks Ad Tech Social Comp
Slide 14: Current Media Addressable Markets
Current Media Addressable Markets Potential Revenue Opportunity Current Revenue Contribution U.S. Pay-TV OTT/Streaming Consumer Electronics Social Media Mkt Size: ~$89B (2024); CAGR -2.1% Mkt Size: ~$145B (2024); CAGR +8.5% Mkt Size: ~$117B (2024); CAGR -0.5% Mkt Size: ~$206B (2024); CAGR +7.0% ~5%
Slide 15: OTT Growth Opportunity
OTT Growth Opportunity US Pay-TV and OTT Subscriptions 700 600 500 400 Millions 300 200 100 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Pay-TV OTT 15 Source: Omdia, 2026; Pay-TV represents traditional Pay-TV and Virtual Pay-TV subscriptions. OTT represents SVOD subscriptions. © 2026 Ade
Slide 16: Growing Worldwide Media Portfolio with Long Life
Growing Worldwide Media Portfolio with Long Life APAC Portfolio growth is poised to continue, both organically and inorganically Worldwide media patents and applications ~10,875 have increased in the last several years via both organic and inorganic growth 40+ Jurisdictions worldwide are represented
Slide 17: Semiconductor
Semiconductor 17 © 2026 Adeia | All rights reserved.
Slide 18: Leading Semiconductor Innovator
Leading Semiconductor Innovator Driving the Future of Semiconductor Technology Laptop / Personal Smartphone / Mobile Data Center / Cloud Smart Devices, Generative AI, Edge AI, Mobile Phone Computing Computing Computing Computer Vision Machine Learning Augmented Reality Chip Scale Wafer Bonding & Waf
Slide 19: Semiconductor IP Portfolio
Hybrid Bonding Semiconductor Logic (CPU, GPU, FPGA or SoC ) DBI® Ultra Interconnect IP Portfolio Memory Stack 2.5 D / 3D DBI® Ultra Hybrid Bonding Solutions Enabling the next generation of Advanced Process Node advanced AI infrastructure and high-performance computing Industry Direction Other Advanc
Slide 20: RapidCool
RapidCoolTM A Revolutionary Direct-to-Chip Liquid Cooling Technology for High Performance Semiconductors Silicon Cold Plate Direct Bonded to Chips with Integrated Manifold Key Benefits Efficiently Cools to Lower Suited for High Power Custom Design for System Reliable & Scalable Temperatures Density
Slide 21: Our IP Portfolio is Evolving to Reflect Our Focus
Our IP Portfolio is Evolving to Reflect Our Focus Poised for Growth Both Organically and Inorganically All Semi Assets Semi Applications (Issued and Pending) (Pending) 10% 22% 19% 39% 72% Direct/Hybrid Bonding 79% 72% Circuitry & Processing 3,375+ 5% 1,225+ Advanced Packaging Advanced Nodes 7% Emerg
Slide 22: Semiconductor Innovation
Semiconductor Innovation Extensive Capabilities & Expertise Capabilities Seasoned and innovative Implementation team • Collaboration throughout • Wafer fabrication (200mm and z 300mm) semiconductor supply chain • Average 25+ yrs. experience • Provide customized tech transfer • Design and simulation
Slide 23: Current Semiconductor Addressable Markets
Current Semiconductor Addressable Markets Total market size to exceed $1.5 trillion in 2026 Unlicensed Licensed Image Sensors DRAM Logic2 Mkt Size: ~$24B (2025); CAGR1:+6% Mkt Size: ~$143B (2025); CAGR1:+22% Mkt Size: ~$369B (2025); CAGR1:+16% ~5% ~ 10% ~ 5% ~15% ~15% ~85% ~95% ~ 95% ~ 90% ~85% RF F
Slide 24: Our Potential
Our Potential Our long-term goal is to create sustainable annual semiconductor revenue of $200M Growth Drivers • Hybrid bonding adoption across logic and memory (HBM and NAND) • Thermal Management Solutions (RapidCool) • Advanced Process Node (7nm and below) 24 © 2026 Adeia | All rights reserved.
Slide 25: Financial Overview
Financial Overview 25 © 2026 Adeia | All rights reserved.
Slide 26: Value Proposition
Value Proposition Foundation Driven by Ongoing Innovation and Focused Capital Strong Portfolios and Capitalization of Market Allocation to Maximize Technology Offerings Trends Drive Growth Shareholder Value 14,250+ patent assets provide both Ongoing innovations drive growth Focused investments in in
Slide 27: Revenue Performance
Revenue Performance Our revenue recognition profile is captured $183 M $183M in the following categories: • Variable royalty licenses for Media and Semiconductor • Fixed-fee Media IP licensing $119M $105 M $96 M Our licenses are multi-year agreements with $86 M $87 M $88M $86M $87M an average licens
Slide 28: Investment Priorities Focused on Top-Line Growth
Investment Priorities Focused on Top-Line Growth Long-Term Outlook Annual revenue expected to reach $600 million Overall Non-GAAP operating expenses expected to increase ~5-8% • Growth primarily driven by R&D; planning for 8-10% annual increase in innovation-focused investment • Modest growth antici
Slide 29: Balanced Capital Allocation
Balanced Organic investment Expand IP portfolio through continued innovation Capital Allocation Strengthen our balance sheet Strategy Pay down our term loan Strategic Capital Allocation Approach Drives Long-Term Revenue Growth and Return capital to shareholders Shareholder Value Continue share repur
Slide 30: Financial Results & Outlook
Financial Results & Outlook 30 © 2026 Adeia | All rights reserved.
Slide 31: Q2 2026 Business Highlights
Q2 2026 Revenue of $96.1 million, cash from operations of $54.6 million and an adjusted EBITDA margin of 58.7% Business Highlights Signed 6 license agreements across OTT, e-commerce, consumer electronics and Pay-TV Added a record 12 new customersS in the quarter Non-Pay-TV recurring revenue grew 54.
Slide 32: Recent Deal Momentum
Recent Deal Signed a multi-year renewal with Google, which includes YouTube TV, one of the largest Pay-TV providers, for access to our media portfolio Momentum Signed a multi-year license agreement with RPX, a leading provider of patent risk management solutions, encompassing 10 new e-commerce custo
Slide 33: Measures of Success
Measures Increase Long-Term Revenue Continue to execute renewals and new customer agreements that will of Success increase our annual revenue over the long-term IP Portfolio Growth Continue to grow patent portfolio through focused organic R&D and strategic inorganic investments Balanced Capital Allo
Slide 34: FY 2026 Outlook
FY 2026 Outlook Category (in millions, except tax rate) FY’26 GAAP FY’26 Non-GAAP Revenue $395.0 – 435.0 $395.0 – 435.0 Operating expenses $295.0 – 305.0 $184.0 – 192.0 Interest expense $34.0 – 36.0 $34.0 – 36.0 Other income $5.5 – 6.5 $5.5 – 6.5 Tax rate 20% 21% Net income $57.2 – 80.4 $144.2 – 168
Slide 35: Appendix
Appendix 35 © 2026 Adeia | All rights reserved.
Slide 36: 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 presentation contains non-GAAP financial measures adjusted, where applicable, for either one-time or ongoing non-cash acquired int
Slide 37: Quarterly Non-GAAP Income Statements
Quarterly Non-GAAP Income Statements Category Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 (in millions) Revenue $85.7 $87.3 $182.6 $104.8 $96.1 Operating expenses 40.5 37.1 49.2 42.9 40.2 Operating income 45.2 50.2 133.4 61.9 55.9 Interest expense 10.2 10.1 9.4 8.5 8.0 Other income, net 1.4 1.5 1.7 1.6 1.6 Income
Slide 38: Quarterly GAAP to Non-GAAP Net Income Reconciliation
Quarterly GAAP to Non-GAAP Net Income Reconciliation (unaudited) Category (in millions) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 GAAP net income $16.7 $8.8 $73.7 $22.8 $17.4 Adjustments to GAAP income before taxes: Stock-based compensation expense: Research and development 1.4 1.5 1.5 1.7 1.9 Selling, general
Slide 39: GAAP to Non-GAAP Diluted Income per Share Reconciliation
GAAP to Non-GAAP Diluted Income per Share Reconciliation (unaudited) Category (per share) Q2’26 GAAP diluted income per share $0.15 Adjustments to GAAP diluted income per share: Stock-based compensation expense: Research and development 0.02 Selling, general and administrative (SG&A) 0.08 Amortizati
Slide 40: GAAP Net Income to Adjusted EBITDA Reconciliation
GAAP Net Income to Adjusted EBITDA Reconciliation (unaudited) Category (in millions) Q2’26 GAAP net income $17.4 Adjustments to GAAP net income: Stock-based compensation expense: Research and development 1.9 Selling, general and administrative (SG&A) 8.5 Amortization expense 16.1 Leadership transiti
Slide 41: GAAP to Non-GAAP Operating Expenses Outlook Reconciliation
GAAP to Non-GAAP Operating Expenses Outlook Reconciliation (unaudited) Category 2026 (in millions) Low High GAAP operating expenses $295.0 $305.0 Amortization expense 64.0 65.0 Stock-based compensation expense 39.0 40.0 Separation and related costs 8.0 8.0 Non-GAAP operating expenses $184.0 $192.0 4
Slide 42: GAAP to Non-GAAP Net Income Outlook Reconciliation
GAAP to Non-GAAP Net Income Outlook Reconciliation (unaudited) Category 2026 (in millions) Low High GAAP net income $57.2 $80.4 Amortization expense 64.0 65.0 Stock-based compensation expense 39.0 40.0 Separation and related costs 8.0 8.0 Non-GAAP tax adjustment (1) (24.0) (24.7) Non-GAAP net income
Slide 43: Adjusted EBITDA Outlook Reconciliation
Adjusted EBITDA Outlook Reconciliation (unaudited) Category 2026 (in millions) Low High GAAP net income $57.2 $80.4 Amortization expense 64.0 65.0 Stock-based compensation expense 39.0 40.0 Separation and related costs 8.0 8.0 Depreciation expense 2.4 2.4 Interest expense 34.0 36.0 Other income, net
Slide 44: Thank you
Thank you 44 © 2026 Adeia | All rights reserved.