Xperi Inc. (XPER) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Xperi (XPER) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. Xperi is a micro-cap consumer and entertainment technology turnaround spun off from Adeia in 2022, built around the TiVo platform (including TiVo OS), DTS audio, and automotive infotainment. It is a speculative, path-to-profitability story competing with Google TV, Roku OS, and Amazon Fire TV for smart-TV adoption.
XPER stock price
As of 2026-07-24, Xperi Inc. (XPER) last closed at $7.57, up 0.4% over the past year. Over the past 52 weeks it has traded between $5.11 and $8.64.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Xperi Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Xperi Inc. (XPER) do?
Xperi Inc. is a consumer and entertainment technology company spun off from Xperi Holding Corporation (now Adeia Inc., the IP licensing business) in October 2022. The company provides technology platforms primarily for connected TV and entertainment, automotive infotainment, and various consumer electronics applications. The largest product line is the TiVo platform, including TiVo OS (the smart TV operating system used by TV manufacturers and pay-TV operators), TiVo metadata, and TiVo personalized content discovery.
Xperi's other businesses include DTS (audio technology, including DTS:X immersive audio and HD Radio), IMAX Enhanced, and various consumer technology brands. The automotive infotainment business includes connected car and in-vehicle entertainment technology used by automakers. The 2022 separation from Adeia separated the operating company (Xperi) from the IP licensing legacy (Adeia), creating two pure-play entities. Headquartered in San Jose, California. Jon Kirchner has been CEO since the separation.
What's driving Xperi Inc. (XPER)?
1. TiVo OS adoption by TV manufacturers.
TiVo OS is being adopted by smart TV manufacturers as an alternative to Google TV, Roku TV, and Amazon Fire TV. The business model is built on advertising revenue and content placement, providing recurring revenue per active TV. Initial OEM partnerships and TV deployment are scaling.
2. Pay-TV operator transitions.
TiVo's traditional pay-TV operator business provides recurring revenue but is facing structural pressure as consumers shift away from pay-TV. New deployments with operators continue but the long-term trend is mixed.
3. Automotive infotainment.
Connected car and in-vehicle entertainment technology has expanding revenue opportunities as automakers add more sophisticated infotainment systems. Xperi's automotive business is meaningful but smaller than the TV business.
4. Profitability path.
Xperi has been working through the path to GAAP profitability as a standalone company. Operating leverage as TiVo OS scales, combined with cost discipline, is the central thesis. The company is closer to GAAP breakeven than to demonstrated sustained profitability.
What are the risks to Xperi Inc. (XPER)?
TiVo OS adoption pace is uncertain; competition from Google TV and Roku is intense. Pay-TV decline pressures part of the legacy business. Smaller capitalization with limited institutional float.
How is Xperi Inc. (XPER) valued? (approximate, early 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Xperi Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$500 million
- Operating margin: Modest non-GAAP positive; GAAP near breakeven
- Net income (TTM): GAAP near breakeven; modest non-GAAP profit
- EPS (TTM): Near zero (GAAP)
- P/E (TTM): Not meaningful at current GAAP earnings
- Price to sales: ~0.7x
- Dividend yield: None
- Free cash flow: Modest positive
- TiVo OS deployments: Scaling with OEM partnerships
Xperi's valuation analysis is more about path-to-profitability and TiVo OS adoption than current earnings. Price-to-sales is modest reflecting the execution risk and the structural pressure on the pay-TV legacy business. Successful TiVo OS scaling would meaningfully change the financial profile.
Who competes with Xperi Inc. (XPER)?
Smart TV operating systems
Google TV (and Android TV), Roku OS, and Amazon Fire TV OS are the primary direct competitors in smart TV operating systems. Samsung Tizen and LG webOS are major OS platforms used by those manufacturers. TiVo OS competes for OEM adoption against this established field.
Pay-TV and entertainment metadata
Gracenote (owned by Nielsen), TMS (Tribune Media Services), and various specialty metadata providers compete. The pay-TV operator middleware market is consolidating.
Automotive infotainment
Various specialty automotive software platforms (BlackBerry QNX, various tier-1 automotive software providers). Apple CarPlay and Google Automotive Services compete for automaker integration. Specialty in-vehicle entertainment competitors compete in specific automaker programs.
How to invest in Xperi Inc. (XPER)
There are three common ways to get XPER exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so XPER sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where XPER fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Xperi Inc. (XPER)
Xperi (XPER) hinges on TiVo OS scaling its advertising-driven recurring revenue and automotive infotainment growth while the legacy pay-TV business declines. In a portfolio it behaves as a smaller, high-volatility speculative satellite with limited institutional float, valued on path-to-profitability rather than current near-breakeven GAAP earnings.
More on Xperi Inc. (XPER)
Whether XPER is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is XPER a buy?, and where the stock could go from here in the XPER stock forecast.
For income investors, whether XPER pays a dividend and how the payout looks is covered in does XPER pay a dividend?
Build a basket around XPER with Walnut
Use Xperi Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What is Xperi's ticker symbol?
+
XPER, listed on NYSE. Officially Xperi Inc. Spun off from Xperi Holding Corporation (now Adeia Inc.) in October 2022. Headquartered in San Jose, California. Trades during US market hours, available at every major US brokerage.
Who are Xperi's competitors?
+
By segment. Smart TV operating systems: Google TV, Roku OS, Amazon Fire TV OS, Samsung Tizen, LG webOS. Pay-TV middleware and metadata: Gracenote (Nielsen). Automotive infotainment: BlackBerry QNX, various tier-1 automotive software providers. Apple CarPlay and Google Automotive Services for automaker integration.
What is the difference between Xperi and Adeia?
+
Xperi Holding Corporation separated into two companies in October 2022. Xperi Inc. (XPER) is the operating consumer and entertainment technology business, including TiVo, DTS audio, IMAX Enhanced, and automotive infotainment. Adeia Inc. (ADEA) is the pure-play patent licensing business. The separation allows each to operate with focused strategy and valuation frameworks.
What is Xperi's P/E ratio?
+
Trailing P/E is not meaningful at Xperi's current near-breakeven GAAP earnings. The valuation analysis is better framed as path-to-profitability on TiVo OS scaling. Price-to-sales of approximately 0.7x reflects the execution risk and structural pay-TV pressure.
What does Xperi do?
+
Xperi provides technology platforms primarily for connected TV and entertainment, automotive infotainment, and various consumer electronics applications. The largest product line is TiVo, including TiVo OS (smart TV operating system), TiVo metadata, and TiVo personalized content discovery. Other businesses include DTS audio, IMAX Enhanced, and various consumer technology brands.
Who owns the most Xperi stock?
+
Major institutional holders include Vanguard, BlackRock, and various small/mid-cap funds. Insider ownership is modest. Xperi is broadly institutionally owned but the small market capitalization limits institutional concentration.
Which ETFs have the most Xperi exposure?
+
Small/micro-cap ETFs (IJR, IWM, IWC) hold XPER as part of broader universes. Media and entertainment-themed ETFs hold XPER at higher concentrations but those funds have low AUM. XLC (Communication Services) does not consistently hold XPER given the smaller market cap. VOO does not hold XPER. Small-cap turnaround-focused funds are the more likely active holders.
Which thematic baskets typically include Xperi?
+
XPER does not currently fit any of Walnut's canonical themes. It would be included in custom turnaround or consumer-electronics-platform baskets via the Walnut AI assistant. The TiVo OS adoption thesis plus operating-business path-to-profitability is the primary investment angle.
Is Xperi in the S&P 500?
+
No. XPER's market cap (~$400-500 million) is well below the S&P 500 threshold. It is included in small-cap and micro-cap indices. Future S&P 500 inclusion would require enormous market cap appreciation, likely contingent on TiVo OS adoption scaling and profitability.
What is Xperi's market cap?
+
Approximately $500 million as of early 2026. Small market cap creates substantial volatility. The current valuation reflects execution uncertainty on TiVo OS adoption and the broader pay-TV decline pressure on the legacy business. Bull case: successful TiVo OS scaling drives meaningful re-rating.
Does Xperi pay a dividend?
+
No. Xperi has not paid a dividend since the 2022 separation. Capital is prioritized for operational investment in TiVo OS deployment, automotive infotainment product development, and operational stability. Given the path-to-profitability phase, dividend initiation is unlikely in the near term.
What is Xperi's TiVo OS?
+
TiVo OS is Xperi's smart TV operating system, sold to TV manufacturers as an alternative to Google TV, Roku OS, and Amazon Fire TV OS. The business model is built on advertising revenue and content placement, providing recurring revenue per active TV. Initial OEM partnerships are scaling; the thesis depends on continued TV maker adoption. TiVo OS is the central growth pillar in Xperi's investment thesis.
Is Xperi a turnaround stock?
+
Yes. Following the 2022 separation from Adeia, XPER has been working through a path-to-profitability phase. The thesis is operational execution: TiVo OS adoption scaling, automotive infotainment growth, plus cost discipline. Execution risk is high given the small market cap and the structural pay-TV decline pressure on the legacy business. Position sizing matters significantly.
Should I own Xperi directly or through a tech ETF?
+
Direct XPER gives concentrated exposure to the TiVo OS turnaround thesis. Tech ETFs do not hold XPER at meaningful weights given the small market cap. For meaningful XPER exposure, direct ownership is the only option. The position is typically a smaller speculative satellite given the execution uncertainty and micro-cap status.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Xperi Inc.'s investor relations page or your broker before making investment decisions.