Reports Q2 revenue $85.74M, consensus $88.67M. “We delivered revenue of $85.7 million, consistent with our expectations, and closed five deals during the second quarter across key growth verticals including semiconductors, e-commerce and OTT,” said Paul Davis, chief executive officer of Adeia (ADEA). “Our new deal momentum continued, with two new license agreements in e-commerce and one new license agreement in semiconductors. Our innovation engine remains strong, and we were excited to announce our new RapidCool direct-to-chip liquid cooling technology targeting AI and other compute-intensive applications. With strong cash generation and disciplined expense management, we remain committed to delivering sustainable long-term value for our shareholders.”
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