Xperi Inc. · NYSE:XPER
Xperi — Q2 2026 Earnings Presentation
21 slides from Xperi's earnings presentation, Aug 5, 2026
Slide 1: Q2 2026 Earnings
Q2 2026 Earnings August 5, 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, w
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: Q2 Financial Metrics Summary
Q2 Financial Metrics Summary ▪ Revenue of $114M, increased 8% Y/Y ▪ GAAP operating expenses, excluding cost of revenue, decreased 10% Y/Y ▪ Non-GAAP adjusted operating expense 1,2 decreased 6% Y/Y primarily due to workforce reductions ▪ GAAP net loss of ($1.5M) and non-GAAP Adjusted EBITDA1 of $24.5
Slide 5: Media Platform
Media Platform HIGHLIGHTS: 6.3 million TiVo One Monthly Active Users* at end of Q2, a 70% increase year-over-year Media Platform revenue grew 44% year-over-year Average Revenue Per User (ARPU*) for trailing 12 months ending June 30, 2026 was $6.70 Executed homepage video campaigns in U.S. and Europe
Slide 6: Connected Car
Connected Car HIGHLIGHTS: AutoStage footprint grew 42% year- over-year, reaching 17 million total vehicles across 13 brands BYD committed to AutoStage audio and video platform for its export models Signed Cumulus as the first customer for AutoStage broadcaster portal* Signed multi-year HD Radio prog
Slide 7: Pay TV
Pay TV HIGHLIGHTS: 3.4 million IPTV subscriber households at quarter end, a 13% increase year- over-year Expanded advertising reach through a Programmatic Dynamic Ad Insertion (PDAI) partnership with NCTC Entered into agreements with NCTC member operators Summit Broadband, EPB, and Buckeye to adopt
Slide 8: Consumer Electronics
Consumer Electronics HIGHLIGHTS: Closed a multi-year renewal for DTS audio solutions, including new commitments for DTS Clear Dialogue across multiple TV and PC brands Renewed DTS agreements with leading TV, audio, and video receiver brands, including Sony, Yamaha, Pioneer, and Insignia Renewed DTS
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 $10 * and related revenue ▪ Begin generating advertising on the AutoStage footprint 1 “TiVo One Monthly Active User” is defined as a unique
Slide 10: Q2 2026 Revenue Breakdown
Q2 2026 Revenue Breakdown Market Y/Y Y/Y % Q2 2025 Q2 2026 ($ in thousands) Change Change Pay TV 49,937 44,665 (5,272) -11% - Core Pay TV1 26,424 18,876 (7,548) -29% - IPTV 23,513 25,789 2,276 10% Consumer Electronics 18,763 12,237 (6,526) -35% Connected Car 25,105 40,070 14,965 60% Media Platform 1
Slide 11: Q2 2026 Financial Results Summary
Q2 2026 Financial Results Summary Q2 2025 Q2 2026 Y/Y Q2 2025 Q2 2026 Y/Y ($ in thousands, except per share amounts) GAAP GAAP Change Non-GAAP3 Non-GAAP3 Change Revenue 105,933 114,492 8,559 105,933 114,492 8,559 Cost of revenue1 33,549 36,070 2,521 32,705 35,567 2,862 Adjusted operating expense2 83
Slide 12: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Finished second quarter of 2026 with $91 million of cash and cash equivalents, an increase of $20 million from last quarter Operating Cash Flow of $15 million in second quarter of 2026, an improvement of $5 million from second quarter of 2025 Free Cash Flow1 of $8 million
Slide 13: Financial Outlook for FY 2026
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 Increased from prior range of $15-20M due to memory-related investment in Capital Expenditures3 ~$25M software platfo
Slide 14: Connected Car
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 June 30, 2026 2025 Reconciliation of GAAP net loss: GAAP net loss $ (1,500 ) $ (14,781 ) Adjustments to GAAP net loss: Stock-based compensation(1) 6,830 10,327
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 June 30, 2026 2025 Reconciliation of GAAP net loss per share: GAAP net loss per share $ (0.03 ) $ (0.32 ) Adjustments to GAA
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 June 30, 2026 2025 GAAP operating income (loss) $ 2,913 $ (11,133 ) Adjustments to GAAP operating income (loss): Stock-based compensation 6,830 1
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 June 30, 2026 2025 GAAP net loss $ (1,500 ) $ (14,781 ) Adjustments to GAAP net loss: Interest expense 847 915 Provision for income taxes 4,826 4,636 Stock-bas
Slide 21: Adjusted Operating Expense Reconciliation
Adjusted Operating Expense Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended June 30, 2026 2025 Total GAAP operating expenses $ 111,579 $ 117,066 Less: Cost of licensing and other revenue, excluding depreciation and amortization of intangible as