---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-018774"
form_type: "8-K"
ticker: "ADEA"
cik: "0001803696"
company_name: "Adeia Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T13:59:43.888562+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Adeia Q1 revenue $117.3M (+14% seq); adj. EPS $0.48; cuts debt $83.6M

## Summary
- Revenue $117.3M (+14% from prior quarter); GAAP EPS $0.26, non-GAAP EPS $0.48.
- Signed 8 deals including long-term agreements with Kioxia and Western Digital for hybrid bonding patents.
- Paid down $83.6M of term loan; total debt $665.6M; declared $0.05/sh dividend payable June 20.
- Reaffirmed FY 2023 outlook: revenue $385-415M, adj. EBITDA $252-272M.

## SEC filing metadata
- accession: 0000950170-23-018774
- form_type: 8-K
- ticker: ADEA
- cik: 0001803696
- company_name: Adeia Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803696/000095017023018774/0000950170-23-018774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803696/000095017023018774/adea-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-018774
- JSON: https://secwatch.observer/filing/0000950170-23-018774.json
- Plain text: https://secwatch.observer/filing/0000950170-23-018774.txt

## Key facts
- Earnings Releases
  Adeia Inc. reported the first quarter ended March 31, 2023 results: revenue Revenue was $117.3 million, net income Net income was $29.0 million, EPS GAAP diluted earnings per share (EPS) of $0.26. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: Revenue was $117.3 million
  - Net income: Net income was $29.0 million
  - EPS: GAAP diluted earnings per share (EPS) of $0.26
  - Guidance: reaffirmed
  - Result: reported results
  source text: grow our patent portfolios through ongoing investment in our innovation engine, and execute our capital allocation strategy.” First Quarter Financial Highlights • Revenue was $117.3 million, an increase of 14% from $103.3 million in the prior quarter • GAAP diluted earnings per share (EPS) of $0.26 and non-GAAP diluted EPS of $0.48 • Net income was $29.0 million and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803696/000095017023018774/0000950170-23-018774-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.