Adeia Shares Fall 16.74% After Guidance Cut; Law Firm Opens Investigation
Adeia reported third-quarter revenue and adjusted earnings below analyst expectations on November 2, 2026, and reduced its full-year 2026 guidance, citing in part the timing of licensing deals. Its shares fell approximately 16.74% on November 3 as Bronstein, Gewirtz & Grossman announced an investigation into potential investor claims.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of Adeia Inc. investors following the company's November 2, 2026, announcement of third-quarter financial results. The company reported revenue and adjusted earnings that fell below analyst expectations and subsequently reduced its full-year 2026 financial guidance. Adeia attributed the revised outlook in part to the timing of certain licensing deals.
Following the disclosure, the company's stock price declined by approximately 16.74% on November 3, 2026.