Slide 1: Q1 2026 Earnings
XPERI. Q1 2026 Earnings May 6, 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 contained in this presentation that do not relate to matters of historical fact should be considered forward- looking statements, including,
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® Enhanced 1 1 IMAX® Enhanced
Slide 4: Q1 Financial Metrics Summary
Q1 Financial Metrics Summary ▪ Revenue of $114M ▪ GAAP operating expenses, excluding cost of revenue, decreased 20% Y/Y ▪ Non-GAAP adjusted operating expense 1,2 decreased 14% Y/Y due primarily to workforce reductions ▪ GAAP net loss of ($8M) and non-GAAP Adjusted EBITDA1 of $25M (at 22% of revenue)
Slide 5: Media Platform
Media Platform HIGHLIGHTS: Media Platform revenue grew 45 percent year-over-year TiVo One monthly active users* more than doubled year-over-year to 5.5 million Signed multi-year partnership agreement with Samba TV, adding intelligence and measurement capabilities to TiVo One Connected TV inventory A
Slide 6: Connected Car
Connected Car HIGHLIGHTS: AutoStage footprint expanded over 45 percent year over year, reaching over 16 million vehicles across 13 automotive brands Launched AutoStage Broadcast Portal, a subscription service delivering audience behavior and listening metrics across 300 U.S. radio markets Signed mul
Slide 7: Pay TV
Pay TV HIGHLIGHTS: IPTV subscriber households increased 19% year-over-year, reaching 3.28 million at quarter end Introduced new IPTV service offerings including Programmatic Dynamic Ad Insertion and our native Digital Rights Management (DRM) Delivered innovative 4K sports experience with multi-view
Slide 8: Consumer Electronics
Consumer Electronics HIGHLIGHTS: Renewed DTS decoder and post- processing contracts with leading TV brands, including Vizio, Xiaomi, TCL, and a major U.S. retailer Entered into a multi-year partnership with Tencent Music for DTS:X encoding of its music catalog, offering immersive audio as a premium
Slide 9: 2026 Growth Goals – On Track
2026 Growth Goals – On Track ▪ More than 7 million TiVo One Monthly Active Users 1 ▪ Media Platform revenue growth of ~100% with TiVo One ARPU2 exit rate above $10 ▪ Begin generating ads and *data monetization revenue on the AutoStage footprint 1 “TiVo One Monthly Active User” is defined as a unique
Slide 10: Q1 2026 Revenue Breakdown
Q1 2026 Revenue Breakdown Market Y/Y Y/Y % Q1 2025 Q1 2026 ($ in thousands) Change Change Pay TV 49,864 45,975 (3,889) (8%) - Core Pay TV1 27,205 21,631 (5,574) (20%) - IPTV 22,659 24,344 1,685 7% Consumer Electronics 22,798 18,431 (4,367) (19%) Connected Car 33,286 38,064 4,778 14% Media Platform 8
Slide 11: Q1 2026 Financial Results Summary
Q1 2026 Financial Results Summary Q1 2025 Q1 2026 Y/Y Q1 2025 Q1 2026 Y/Y ($ in thousands, except per share amounts) GAAP GAAP Change Non-GAAP3 Non-GAAP3 Change Revenue 114,033 114,206 173 114,033 114,206 173 Cost of revenue1 29,599 30,880 1,281 28,330 30,070 1,740 Adjusted operating expense2 100,87
Slide 12: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Finished first quarter of 2026 with $70 million of cash and cash equivalents Received final payment of $12 million for sale of Perceive to Amazon in early April Seasonally expected Operating Cash Flow usage of $18 million in first quarter of 2026, an improvement of $4 mil
Slide 13: Maintaining Financial Outlook for FY 2026
Maintaining Financial Outlook for FY 2026 Category 2026 Outlook Revenue $440M to $470M Adjusted EBITDA Margin 1, 2 17% to 19% Additional Information 2026 Outlook Operating Cash Flow $15M to $25M Capital Expenditures3 $15M to $20M Non-GAAP Tax Expense2 ~$20M Basic and Fully Diluted Share Count 48M to
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 disclo sing 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 In
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 March 31, 2026 2025 Reconciliation of net (loss) income: GAAP net loss $ (7,826 ) $ (18,366 ) Adjustments to GAAP net loss: Stock-based compensation(1) 7,836 12
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 March 31, 2026 2025 Reconciliation of net (loss) income per share: GAAP diluted net loss per share $ (0.17 ) $ (0.41 ) Adjus
Slide 19: Operating (Loss) Income Reconciliation
Operating (Loss) Income Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended March 31, 2026 2025 GAAP operating income (loss) $ 2,151 $ (16,440) Adjustments to GAAP operating loss: Stock-based compensation 7,836 12,102 Amortization of intangible as
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 March 31, 2026 2025 GAAP net loss $ (7,826 ) $ (18,366 ) Adjustments to GAAP net loss: Interest expense 856 897 Provision for income taxes 10,118 3,489 Stock-b
Slide 21: Adjusted Operating Expense Reconciliation
Adjusted Operating Expense Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended March 31, 2026 2025 Total GAAP operating expenses $ 112,055 $ 130,473 Less: Cost of revenue, excluding depreciation and amortization of intangible assets (30,880 ) (29,