Xperi (NYSE:XPER) Announces Quarterly Earnings Results

Xperi (NYSE:XPER) announced its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07, FiscalAI reports. The business had revenue of $114.49 million during the quarter, compared to analysts’ expectations of $112.66 million. Xperi had a negative net margin of 7.12% and a positive return on equity of 4.04%.

Here are the key takeaways from Xperi’s conference call:

• Second-quarter revenue rose 8% year over year to $114 million, while non-GAAP adjusted EBITDA increased more than 60% to $24 million, reaching 21% of revenue. Non-GAAP EPS more than doubled to $0.28, and operating cash flow was $15 million.
• Media Platform revenue grew 44% to $18 million, with advertising and related revenue up 54%. TiVo ONE reached 6.3 million monthly active users, and management expects year-end ARPU to exceed $10 as advertising monetization accelerates.
• Connected Car momentum remained strong, with the AutoStage footprint growing 42% to more than 17 million vehicles across 13 brands; BYD became the 14th automotive OEM. Xperi also signed Cumulus as the first customer for its data-driven Broadcaster Portal, creating a new automotive analytics monetization opportunity.
• Pay TV revenue declined 11% year over year to $45 million as the legacy business contracted, although IPTV revenue rose 10% to $26 million. Management expects IPTV growth to offset legacy declines only around mid-2027 to mid-2028.
• The company raised its 2026 capital-expenditure outlook to approximately $25 million from $15 million-$20 million because of persistent memory-market issues and higher equipment costs. Advertising and related revenue currently carries an 8% negative gross margin, though management expects it to turn positive in 2027.

Xperi Stock Down 12.6%

Shares of NYSE:XPER traded down $0.99 during trading on Thursday, hitting $6.84. The company’s stock had a trading volume of 1,056,533 shares, compared to its average volume of 341,752. The business has a 50 day moving average price of $7.79 and a two-hundred day moving average price of $6.78. The company has a market capitalization of $330.36 million, a PE ratio of 23.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.36 and a current ratio of 2.36. Xperi has a fifty-two week low of $5.07 and a fifty-two week high of $8.75.

Wall Street Analyst Weigh In

XPER has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of Xperi in a research report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Wall Street Zen cut Xperi from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Xperi in a research report on Monday, June 22nd. Finally, Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Xperi presently has an average rating of “Hold” and an average price target of $11.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its position in shares of Xperi by 66.7% during the fourth quarter. Millennium Management LLC now owns 54,090 shares of the company’s stock worth $317,000 after buying an additional 21,640 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Xperi by 44.4% in the 4th quarter. Wells Fargo & Company MN now owns 52,689 shares of the company’s stock valued at $309,000 after purchasing an additional 16,210 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Xperi during the 4th quarter worth $185,000. Verition Fund Management LLC acquired a new position in shares of Xperi during the third quarter worth $220,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Xperi during the third quarter worth $139,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Xperi

Here are the key news stories impacting Xperi this week:

• Positive Sentiment: Xperi reported second-quarter adjusted EPS of $0.28, ahead of the $0.21 analyst consensus and up from $0.11 a year ago. Revenue of $114.49 million also exceeded expectations of $112.66 million, supporting the company’s growth strategy. Xperi quarterly earnings report
• Positive Sentiment: Management cited “positive momentum” across its platforms, including DTS AutoStage, and continued expansion in footprint and revenue. The company is also targeting TiVo One average revenue per user above $10, signaling confidence in monetization potential. Xperi Q2 business momentum
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and assigned a $10 price target, implying substantial upside from the recent trading level. Rosenblatt Securities rating report
• Neutral Sentiment: Xperi will participate in the BWS Financial Growth and Value Summer Investor Series, giving management an opportunity to discuss its strategy and financial outlook with investors. Xperi investor series announcement
• Negative Sentiment: The company expects 2026 capital expenditures of approximately $25 million, higher than previously planned. Investors may view the increased spending as a near-term cash-flow risk, particularly because Xperi continues to post a negative net margin of about 10.2%. Xperi TiVo One and capital expenditure update

About Xperi

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.