Quarterly ResultApr 30, 2026, 08:43 AM
IDCC Q1 Revenue $205.4M; EPS $2.14; Beats Guidance; Record Smartphone ARR
AI Summary
InterDigital, Inc. announced strong first-quarter 2026 results, with revenue, Adjusted EBITDA, and EPS exceeding the top end of its guidance. The company signed six new agreements, including a renewal with Xiaomi and a new license with LG Electronics, driving annualized recurring revenue (ARR) up 13% year-over-year to $567.2 million and record Smartphone ARR of $491.8 million. Despite a decrease in GAAP net income and EPS year-over-year due to lower catch-up revenue and higher operating expenses, the company reaffirmed its full-year 2026 guidance.
Key Highlights
- Q1 2026 Revenue of $205.4M, exceeding guidance of $194M-$200M.
- Q1 2026 Diluted EPS of $2.14 and Non-GAAP EPS of $2.57, both above guidance.
- Adjusted EBITDA reached $111.8M, surpassing guidance of $101M-$110M.
- Annualized Recurring Revenue (ARR) increased 13% YoY to $567.2M.
- Smartphone ARR grew 18% YoY to an all-time high of $491.8M.
- Signed six new agreements, including Xiaomi renewal and LG Electronics license.
- Promoted to S&P MidCap 400 and reaffirmed full year 2026 guidance.
- Returned $114.3M to shareholders, including $88.0M debt reduction.