Adeia said it filed a patent infringement lawsuit against Dish Network and reiterated its full-year 2026 outlook, keeping revenue unchanged at $395 million to $435 million.
The company’s operating expense outlook for 2026 remains split sharply between its GAAP and non-GAAP ranges. GAAP operating expenses are projected at $295 million to $305 million, while non-GAAP operating expenses are forecast at $184 million to $192 million.
Interest expense is expected to come in at $34 million to $36 million, unchanged from the prior outlook, and other income is still projected at $5.5 million to $6.5 million. Adeia kept its tax rate guidance at 20% on a GAAP basis and 21% on a non-GAAP basis.
For net income, Adeia’s 2026 GAAP outlook is $57.2 million to $80.4 million, while its non-GAAP net income outlook is $144.2 million to $168.7 million. Adjusted EBITDA is projected at $213.4 million to $245.4 million. Diluted shares outstanding are expected to be 114 million to 115 million.
The lawsuit targets Dish and certain affiliates and alleges infringement of five patents tied to media and pay-TV technologies. Adeia said its media IP portfolio is broadly licensed across the pay-TV industry, including most major U.S. providers. Following these announcements, the company's shares moved -3.41%, and are now trading at a price of $24.36. For the full picture, make sure to review Adeia's 8-K report.
