Xperi, Inc. (NYSE:XPER) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET

Company Participants

Michael Iburg - VP, IR

Jon Kirchner - President, CEO & Director

Robert Andersen - CFO

Conference Call Participants

Steven Frankel - Rosenblatt Securities

Hamed Khorsand - BWS Financial

Matthew Galinko - Maxim Group

Nicholas Zangler - Stephens Inc.

Operator

Good day, everyone. Thank you for standing by. Welcome to Xperi's Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. I would now like to turn the call over to Mike Iburg, Xperi Head of Investor Relations. Mike, please go ahead.

Michael Iburg

Thank you. Good afternoon, and thank you for joining us as Xperi reports its second quarter 2023 financial results. With me on today's call are Jon Kirchner, Chief Executive Officer; and Robert Andersen, Chief Financial Officer. In addition to today's earnings release, there is an earnings presentation, which you can access along with this webcast on our Investor Relations website at investor.xperi.com.

Before we begin, I'd like to provide a few reminders. First, I would like to note that unless otherwise noted, all comparisons are to the same quarter in the prior year. In addition, the second quarter of 2022 was calculated on a carve-out basis prior to Xperi's separation from Xperi Holding Corporation on October 1, 2022. Xperi Holding Corporation is now known as Adeia.

Second, today's discussion contains forward-looking statements that are predictions, projections or other statements about future events which are based on management's current expectations and beliefs and they're subject to risks, uncertainties and changes in circumstances. For more information on the risks and uncertainties that could cause our actual results to differ materially from what we discussed today, please refer to the Risk Factors and MD&A section in our SEC filings, including our most recent Form 10-Q.

Please note that the company does not intend to update or alter these forward-looking statements to reflect events or circumstances arising after this call. Third, we refer to certain non-GAAP financial measures, which are detailed in the earnings release and accompanied by reconciliations to their most directly comparable GAAP measures, which can be found in the Investor Relations section of our website.

Lastly, a replay of this conference call will be available on our website shortly at the conclusion of this call. I would now turn the call over to Xperi's CEO, Jon Kirchner.

Jon Kirchner

Thank you, Mike, and thank you, everyone, for joining us on our second quarter 2023 earnings call. We're pleased to deliver another quarter of significant strategic progress and solid financial results. I'll let Robert walk you through the details in just a moment, but let me touch on revenue and growth rates.