Overview

* Xperi ( XPER ) Q2 revenue of $105.9 mln missed analyst expectations, per LSEG data

* Adjusted EBITDA of $15.2 mln beat estimates, per LSEG data

* Co lowers FY25 revenue outlook due to macroeconomic uncertainties

Outlook

* Xperi ( XPER ) reduces 2025 revenue outlook to $440M-$460M due to macroeconomic uncertainty

* Company lowers adjusted EBITDA margin forecast to 15%-17% for 2025

* Xperi ( XPER ) cites increased uncertainty impacting customer demand for updated outlook

Result Drivers

* MACROECONOMIC UNCERTAINTY - Co cites changing macroeconomic environment as impacting customer demand and financial results, per CEO Jon Kirchner

* GROWTH INITIATIVES - Co reports progress in strategic growth initiatives, surpassing targets for TiVo One Monthly Active Users and DTS AutoStage platform

* REVENUE DECLINE - Q2 revenue declined from $119.6 mln in prior year, partly due to divestiture of Perceive

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $105.90 $115.90

Revenue mln mln (4

Analysts

)

Q2 EPS -$0.32

Q2 Net -$14.80

Income mln

Q2 Beat $15.20 $14.70

Adjusted mln mln (3

EBITDA Analysts

)

Q2 -$11.10

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Xperi Inc ( XPER ) is $15.50, about 51.4% above its July 25 closing price of $7.54

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)