Xperi Inc. (XPER) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Xperi published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Xperi reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Xperi recorded $7.4 million of income tax expense on $2.1 million of pretax income in Q3 2026, mostly foreign withholding and foreign income taxes, which is why it reported a net loss despite an operating profit.
• Xperi said its CFO, Robert Andersen, will retire in 2027 as part of a planned transition.

Source: Xperi Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Xperi splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Xperi's Pay-TV revenue was $53.4 million in Q3 2026, up 7% from $49.8 million in Q3 2025, 47% of total revenue.
• Xperi's Consumer Electronics revenue was $13.6 million in Q3 2026, down 28% from $18.8 million in Q3 2025, 12% of total revenue.
• Xperi's Connected Car revenue was $29.9 million in Q3 2026, down 14% from $34.6 million in Q3 2025, 26% of total revenue.
• Xperi's Media Platform revenue was $17.0 million in Q3 2026, up 102% from $8.4 million in Q3 2025, 15% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The last two lines are the updated figures from Xperi's outlook table. Its prior outlook was revenue of $440M to $470M and operating cash flow of $15M to $25M, and it raised its adjusted EBITDA margin outlook to 19% to 21% from 17% to 19%.

In its Q3 2026 release, Xperi said:

“The Company has narrowed its 2026 revenue outlook and raised its outlook for both adjusted EBITDA margin and operating cash flow as follows:”

“Revenue $450M to $462M”

“Operating Cash Flow $20M to $30M”

Source: Xperi Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the XPER forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and net loss per share (basic and diluted), each as first reported in that quarter's release.

We do not hold a confirmed date for Xperi's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Xperi's revenue was $114.0 million in Q3 2026, against $111.6 million. By product category, Pay-TV (TiVo guides and video-over-broadband) brought in $53.4 million, Connected Car (HD Radio and DTS AutoStage) $29.9 million, Media Platform (TiVo OS and the TiVo One ad platform) $17.0 million, and Consumer Electronics (DTS and IMAX Enhanced licensing) $13.6 million. (Xperi Form 10-Q, Q3 2026, Nov 5, 2026; Xperi Q3 2026 release, Nov 4, 2026)

Xperi now splits revenue into licensing and other ($99.0 million, down 8%) and advertising and related ($14.9 million, up from $3.9 million, or 281%). It attributed the advertising growth mainly to the TiVo One ad platform, with more monthly active users and ad impressions and expanded advertising partnerships, plus revenue under a new multi-year agreement that included consideration for historical viewership data. (Xperi Form 10-Q, Q3 2026, Nov 5, 2026)

Licensing fell because of the absence of minimum guarantee (MG) revenue recognized a year earlier: Consumer Electronics revenue dropped $5.2 million, Connected Car $4.7 million and Media Platform middleware licensing $2.9 million. Pay-TV rose $3.6 million on higher MG revenue from core guide products and growth in TiVo IPTV. A large part of licensing revenue, $32.1 million, was recognized at a point in time. (Xperi Form 10-Q, Q3 2026, Nov 5, 2026)

U.S. and Canada customers produced 55% of Q3 2026 revenue, against 43% a year earlier, and Japan 20%. One customer accounted for 16% of revenue in the quarter. (Xperi Form 10-Q, Q3 2026, Nov 5, 2026)

Xperi's GAAP net loss was $5.2 million, or $0.11 per share, against $6.1 million, or $0.13, in Q3 2025, while non-GAAP EPS was $0.24, against $0.28. The non-GAAP figure excludes $7.0 million of stock-based compensation, $7.9 million of intangible amortization and about $1.1 million of transaction, restructuring, severance and retention costs. (Xperi Q3 2026 release, Nov 4, 2026)

Xperi earned $1.8 million of GAAP operating income but recorded $7.4 million of income tax expense on $2.1 million of pretax income, an effective tax rate of 344.7%, mostly foreign withholding and foreign income taxes. Research and development expense fell to $23.5 million from $29.9 million after a November 2025 restructuring that cut about 250 employees. (Xperi Q3 2026 release, Nov 4, 2026; Xperi Form 10-Q, Q3 2026, Nov 5, 2026)

Weighted average shares rose to 48,781 thousand from 46,276 thousand. Xperi did not repurchase stock in the first nine months of 2026 and had $80.0 million left under its repurchase program. (Xperi Q3 2026 release, Nov 4, 2026; Xperi Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Xperi gives a full-year outlook in its release. With Q3 results it narrowed 2026 revenue guidance to $450M to $462M from $440M to $470M, raised its adjusted EBITDA margin outlook to 19% to 21% from 17% to 19%, and raised operating cash flow guidance to $20M to $30M from $15M to $25M. It expects a share count of 48M to 49M and stock-based compensation of about $29M, and gives no quarterly or EPS outlook. (Xperi Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Xperi, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Xperi's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning XPER is on is XPER a buy or a sell?, what analysts expect next is on the XPER forecast, and what the company does is on the Xperi Inc. (XPER) stock page.

Every number on this page can be traced to a document Xperi published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.