Xperi Inc. Reports Revenue Increase to $114.2 Million and Significant Operating Income Improvement in Q1 2026

Xperi Inc. reported a slight increase in revenue for the first quarter of 2026, totaling $114.2 million, compared to $114.0 million in the same period of 2025. The company's operating income improved significantly, reaching $2.2 million, a turnaround from an operating loss of $16.4 million in the prior year. However, Xperi still recorded a net loss of $7.8 million, an improvement from a net loss of $18.4 million in the previous year, resulting in a net loss per share of $0.17, compared to $0.41 per share in Q1 2025.

The company's revenue growth was primarily driven by increases in the Connected Car and Media Platform segments, which saw revenue rise by $4.8 million and $3.7 million, respectively. This growth was partially offset by declines in the Consumer Electronics and Pay-TV segments, which decreased by $4.4 million and $3.9 million, respectively. The overall revenue figures reflect a challenging market environment, influenced by macroeconomic factors such as inflation and supply chain disruptions.

Xperi has undertaken strategic restructuring efforts, including a workforce reduction of approximately 250 employees, aimed at improving cost efficiency and aligning operations with long-term strategies. The restructuring plan has resulted in a reduction of operating expenses, which totaled $112.1 million for the quarter, down from $130.5 million in the same period last year. Notably, research and development expenses decreased by 32% to $27.1 million, while selling, general, and administrative expenses fell by 14% to $41.8 million.

The company reported cash and cash equivalents of $70.4 million as of March 31, 2026, down from $96.8 million at the end of 2025. Net cash used in operating activities was $18.0 million for the quarter, reflecting ongoing investments in growth despite the net loss. Xperi's management remains cautious about the future, citing ongoing macroeconomic uncertainties and the need for continued monitoring of market conditions. The company anticipates that the restructuring will yield annualized savings of approximately $30 million to $35 million, which could enhance its financial position moving forward.