NYSE$XPER

Xperi Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Strategic momentum continued with additional wins for TiVo OS and Connected Car.

Xperi Inc. announced second quarter 2023 financial results, highlighting strategic momentum in Media Platform and Connected Car, expecting Smart TVs with TiVo OS to ship in North America next year, and automotive design wins to build, positioning the company for long-term revenue growth and improved profitability.

  • Announced Sharp as the second Smart TV OEM to launch TVs Powered by TiVo, expected to ship in 2024 starting in Europe.
  • Signed a third Smart TV OEM to integrate the TiVo Operating System into their TV lineup in 2024.
  • Smart TVs Powered by TiVo are now expected to ship in North America next year, opening a new market for Smart TV monetization.
  • Expanded DTS AutoStage in-cabin entertainment platform to over four million vehicles globally, spanning five automotive brands.

Headline financials

Total Revenue

$127M

Previous: $126M+0.5%
EPS (adj)

-$0.09

Previous: -$0.72+87.5%
Capital Expenditures

-$6.11M

Previous: $2.81M-317.8%
Free Cash Flow

-$44.5M

Previous: -$6.7M-564.7%
Net Income

-$38.4M

Previous: -$30.1M-27.4%
Operating Income

-$35.2M

Previous: -$22.3M-57.8%
Gross Profit

$96M

Previous: $99.3M-3.3%
Cash & Equivalents

$112M

Previous: $133M-15.8%
Total Assets

$671M

No prior period
Stock-Based Comp

$18.1M

Previous: $10.5M+71.7%

Revenue & EPS history

Xperi · Revenue · Quarterly

$127M

Q2 2023+0.5%vs Q2 2022
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The Company reaffirms its outlook for fiscal 2023 with revenue between 510 to 540 million and Adjusted EBITDA Margin between 6% to 10%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.9%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.6%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+28.7%

Q3 2020

Best reaction

-10.9%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.0%+16.4%+7.2%
Q4 2025+3.4%+10.4%-0.5%
Q3 2025+1.8%-2.5%-10.7%
Q1 2025+15.4%+20.0%+12.7%
Q4 2024-3.2%-5.3%-8.4%
Q3 2024-7.9%-11.0%+2.2%
Q2 2024-6.4%-4.4%+13.1%
Q1 2024-9.8%-13.1%-26.8%
Q4 2023-6.0%-6.6%+3.4%
Q3 2023+7.5%+22.0%+18.9%
Q2 2023-10.6%-8.4%-16.2%
Q1 2022+2.7%+4.4%+20.6%
Q1 2023+1.3%-3.7%+18.9%
Q2 2022-2.3%-8.2%-9.8%
Q4 2020-2.3%-8.2%-9.8%
Q4 2022+13.5%+14.9%+3.3%
Q3 2021+1.2%-5.5%-11.2%
Q4 2021+1.2%-5.5%-11.2%
Q3 2022-9.1%-3.7%-7.3%
Q2 2021-0.5%
Q1 2021+0.5%
Q3 2020+28.7%
Q2 2020-10.9%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro