Form 8-K
8-K — InterDigital, Inc.
Accession: 0001405495-26-000034
Filed: 2026-04-30
Period: 2026-04-30
CIK: 0001405495
SIC: 6794 (PATENT OWNERS & LESSORS)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — idcc-20260430.htm (Primary)
EX-99.1 (ex991q133126pressrelease.htm)
EX-99.2 (supplementalmaterialsq12.htm)
GRAPHIC (supplementalmaterialsq12001.jpg)
GRAPHIC (supplementalmaterialsq12002.jpg)
GRAPHIC (supplementalmaterialsq12003.jpg)
GRAPHIC (supplementalmaterialsq12004.jpg)
GRAPHIC (supplementalmaterialsq12005.jpg)
GRAPHIC (supplementalmaterialsq12006.jpg)
GRAPHIC (supplementalmaterialsq12007.jpg)
GRAPHIC (supplementalmaterialsq12008.jpg)
GRAPHIC (supplementalmaterialsq12009.jpg)
GRAPHIC (supplementalmaterialsq12010.jpg)
GRAPHIC (supplementalmaterialsq12011.jpg)
GRAPHIC (supplementalmaterialsq12012.jpg)
GRAPHIC (supplementalmaterialsq12013.jpg)
GRAPHIC (supplementalmaterialsq12014.jpg)
GRAPHIC (supplementalmaterialsq12015.jpg)
GRAPHIC (supplementalmaterialsq12016.jpg)
GRAPHIC (supplementalmaterialsq12017.jpg)
GRAPHIC (supplementalmaterialsq12018.jpg)
GRAPHIC (supplementalmaterialsq12019.jpg)
GRAPHIC (supplementalmaterialsq12020.jpg)
GRAPHIC (supplementalmaterialsq12021.jpg)
GRAPHIC (supplementalmaterialsq12022.jpg)
GRAPHIC (supplementalmaterialsq12023.jpg)
GRAPHIC (supplementalmaterialsq12024.jpg)
GRAPHIC (supplementalmaterialsq12025.jpg)
GRAPHIC (supplementalmaterialsq12026.jpg)
GRAPHIC (supplementalmaterialsq12027.jpg)
GRAPHIC (supplementalmaterialsq12028.jpg)
GRAPHIC (supplementalmaterialsq12029.jpg)
GRAPHIC (supplementalmaterialsq12030.jpg)
GRAPHIC (supplementalmaterialsq12031.jpg)
GRAPHIC (supplementalmaterialsq12032.jpg)
GRAPHIC (supplementalmaterialsq12033.jpg)
GRAPHIC (supplementalmaterialsq12034.jpg)
GRAPHIC (supplementalmaterialsq12035.jpg)
GRAPHIC (supplementalmaterialsq12036.jpg)
GRAPHIC (supplementalmaterialsq12037.jpg)
GRAPHIC (supplementalmaterialsq12038.jpg)
GRAPHIC (supplementalmaterialsq12039.jpg)
GRAPHIC (supplementalmaterialsq12040.jpg)
GRAPHIC (supplementalmaterialsq12041.jpg)
GRAPHIC (supplementalmaterialsq12042.jpg)
GRAPHIC (supplementalmaterialsq12043.jpg)
GRAPHIC (supplementalmaterialsq12044.jpg)
GRAPHIC (supplementalmaterialsq12045.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: idcc-20260430.htm · Sequence: 1
idcc-20260430
0001405495false00014054952026-04-302026-04-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 30, 2026
______________
INTERDIGITAL, INC.
(Exact name of Registrant as Specified in Charter)
Pennsylvania 1-33579 82-4936666
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
200 Bellevue Parkway, Suite 300
Wilmington, DE 19809-3727
(Address of principal executive offices, Zip code)
302-281-3600
Registrant's telephone number, including area code
Not Applicable
Former Name or Former Address, if Changed Since Last Report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading
Symbol(s) Name of each exchange
on which registered
Common Stock, par value $0.01 per share IDCC NASDAQ Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On April 30, 2026, InterDigital, Inc. (the "Company") issued a press release announcing its results of operations and financial condition for the fiscal quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
The information contained in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 7.01. Regulation FD.
The supplemental earnings presentation attached hereto as Exhibit 99.2 is being provided to investors in connection with the Company's earnings announcement.
The information contained in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1
InterDigital, Inc. press release dated April 30, 2026
99.2
Supplemental Earnings Presentation
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTERDIGITAL, INC.
By: /s/ Joshua D. Schmidt
Joshua D. Schmidt
Chief Legal Officer and
Corporate Secretary
Date: April 30, 2026
EX-99.1
EX-99.1
Filename: ex991q133126pressrelease.htm · Sequence: 2
Document
INTERDIGITAL ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2026
Revenue, Adjusted EBITDA1 and EPS above top end of guidance
New agreements drive record Smartphone ARR2
Company reaffirms full year 2026 guidance
WILMINGTON, Del. April 30, 2026 - InterDigital, Inc. (Nasdaq: IDCC), a wireless, video, and AI technology research and development company, today announced results for the quarter ended March 31, 2026.
"With six new agreements in the first quarter, including renewing Xiaomi to a long-term contract, we are off to a strong start in 2026. These new agreements drove our results above the top-end of our guidance as we continued our momentum across our licensing programs, our research and innovation pipeline, and our patent portfolio", commented CEO Liren Chen. "Over the last five years, we have signed agreements with a cumulative total contract value of $4.7 billion and now have the world's top-three smartphone vendors under license through the end of the decade. This success provides a strong base from which to drive additional growth."
Business Highlights for First Quarter 2026
•Signed six new agreements in Q1, including a renewal with Xiaomi and a new license with LG Electronics covering TVs & computer displays
•Annualized recurring revenue2 ("ARR") increased 13% year-over-year from $502.9 million to $567.2 million
•Smartphone ARR increased 18% year-over-year to an all-time high of $491.8 million
•Ranked by the European Patent Office among top five US companies in 2025 for patent applications
•Awarded fifth injunction against Disney by a court in Germany
•A court in Brazil found our licensing offer to be FRAND and awarded an injunction against Transsion
•Promoted to the S&P MidCap 400 from the S&P SmallCap 600
•Recognized by LexisNexis as one of the world’s 100 most innovative companies fifth year in a row
First Quarter 2026 Financial Summary:
First quarter 2026 revenue included $63.6 million of catch-up revenue, compared with $84.8 million in first quarter 2025. Operating expenses increased $44.5 million primarily due to an increase in revenue share costs driven by the LG TV agreement and an increase in intellectual property enforcement costs.
Three Months Ended March 31,
($ in millions, except per share data) 2026 2025 Change
GAAP Results:
Revenue $205.4 $210.5 (2)%
Operating expenses $123.2 $78.7 57%
Net income $75.3 $115.6 (35)%
Net income margin 37% 55% (18) ppt
Diluted EPS $2.14 $3.45 (38)%
Non-GAAP Results:
Adjusted EBITDA 1
$111.8 $159.1 (30)%
Adjusted EBITDA margin 1
54% 76% (22) ppt
Non-GAAP Net income 3
$79.4 $125.7 (37)%
Non-GAAP EPS 3
$2.57 $4.21 (39)%
Additional Information:
Revenue by type:
Annualized recurring revenue 2
$567.2 $502.9 13%
Catch-up revenue $63.6 $84.8 (25)%
Revenue by program:
Smartphone $123.4 $184.0 (33)%
CE, IoT/Auto $81.9 $26.3 212%
Other $0.1 $0.2 (46)%
Return of Capital
(in millions, except per share data) Share Repurchases Dividends Declared
Reduction of Debt
Total Return of Capital
Shares Value Per Share Value
First quarter 2026 <0.1 $8.2 $0.70 $18.1 $88.0 $114.3
Convertibility of 2027 Notes
Pursuant to the terms of the Indenture governing InterDigital’s 3.50% Senior Convertible Notes due 2027 (the “Notes”), the Notes are convertible during its calendar quarter ending June 30, 2026. The current conversion rate of the Notes is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes.
Upon the conversion of any Notes, InterDigital will pay cash up to the aggregate principal amount of the Notes to be converted, and will pay cash, shares of its Common Stock or a combination of cash and shares of its Common Stock for any conversion obligation in excess of the aggregate principal amount being converted, if any, at InterDigital’s election, as set forth in the Indenture governing the Notes.
At the time InterDigital issued the Notes, InterDigital entered into call spread transactions that together were designed to have the economic effect of reducing the net number of shares that will be issued in the event of conversion of the Notes by, in effect, increasing the conversion price of the Notes from InterDigital’s economic standpoint from $77.49 to $105.55. Refer to "Management's Discussion and Analysis of Financial Condition and Results of Operations - Notes, Hedge and Warrant Transactions" in InterDigital’s Form 10-Q for the quarter ended March 31, 2026 for more information.
In December 2025, holders elected to convert $80.0 million principal amount of the 2027 Notes, which was settled in the first quarter of 2026. We paid the $80.0 million principal amount in cash and issued 0.8 million shares to settle the conversion spread. These shares issued were offset by 0.8 million shares received upon partial settlement of the 2027 Note Hedge Transactions, resulting in no incremental outstanding shares resulting from the conversion.
As of March 31, 2026, 6.0 million warrants remain outstanding related to the 2027 Warrant Transactions at a weighted-average strike price of $105.55 per share, subject to adjustment, which mature on a net-share basis beginning September 2027 through April 2028.
Near Term Outlook
The Company has reaffirmed its full year 2026 outlook and provided an initial outlook for the second quarter 2026. The outlook for second quarter 2026 covers existing licenses and does not include any new agreements or enforcement action results we may sign or receive over the balance of the second quarter. The outlook for full year 2026 includes both existing licenses and the expected contributions from new agreements and/or enforcement actions we may receive over the balance of the year.
(in millions, except per share data)
Q2 2026
Full Year 2026
Revenue $139 - $143 $675 - $775
Adjusted EBITDA 1
$67 - $73
$381 - $477
Diluted EPS
$0.80 - $0.97
$5.77 - $8.51
Non-GAAP EPS 3
$1.41 - $1.60
$8.74 - $11.84
Conference Call Information
InterDigital will host a conference call on Thursday, April 30, 2026 at 10:00 a.m. ET to discuss its first quarter 2026 financial performance and other company matters.
For a live webcast of the conference call visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the webcast option.
See below for dial-in details to join the call telephonically:
USA - Toll-Free (800) 715-9871
USA / International Toll +1 (646) 307-1963
Conference ID 2456118 or Conference Name
A replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.
About InterDigital®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit the InterDigital website: www.interdigital.com.
For additional financial measures, refer to our first quarter 2026 Form 10-Q and the financial metrics tracker, which are available on the Investor Relations section of our website.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements, including but not limited to statements regarding our outlook for Q2 and full year 2026, are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays or difficulties in the execution of patent license agreements on acceptable terms or at all; (ii) our ability to expand our revenue opportunities by entering into licensing arrangements with streaming and cloud-based service providers; (iii) the initiation of new legal proceedings or the resolution of ongoing legal proceedings, including any awards or judgments relating to such proceedings, and changes in the schedules or costs associated therewith; (iv) our ability to maintain a strong patent portfolio and make strategic decisions related to our intellectual property protection; (v) our ability to successfully integrate Deep Render and to recognize the anticipated benefits of the transaction; (vi) the failure of markets for our technologies to materialize to the extent that we expect; (vii) our continued ability to develop new technologies; (viii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the One Big Beautiful Bill Act, the 2017 Tax Cuts and Jobs Act and other U.S. and non-U.S. tax laws and other tax matters; (ix) the timing and impact of potential regulatory, administrative and legislative matters; (x) the potential effects of macroeconomic conditions or global conflicts; (xi) our ability to hire and retain key personnel; (xii) operational risks, including cybersecurity events, human failures or other difficulties with our information technology systems; and (xiii) risks related to any new accounting standards or our assumptions and application of relevant accounting standards, including with respect to revenue recognition.
You should not place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this release. We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.
Footnotes
1 Adjusted EBITDA and Adjusted EBITDA margin are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the Company's ongoing business performance. InterDigital defines Adjusted EBITDA as net income plus income tax (provision) benefit, other income, net & interest expense, depreciation and amortization, share-based compensation, and other items. Other items include restructuring costs, impairment charges and other non-recurring items. Adjusted EBITDA margin is Adjusted EBITDA over total revenue. These non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure is provided below.
2 Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targets. ARR is not a projection or forecast, and actual recurring revenue for any 12-month period will depend on a number of factors beyond our ability to predict or control, including those risks and uncertainties listed above. Additionally, ARR may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.
3 Non-GAAP net income, Non-GAAP EPS, and Non-GAAP weighted-average diluted shares are supplemental non-GAAP financial measures that InterDigital believes provides investors with important insight into the Company's ongoing business performance. InterDigital defines Non-GAAP net income as net income plus share-based compensation, acquisition related amortization, restructuring costs, impairment charges and one-time adjustments, losses on extinguishments of long-term debt, the related income tax effect of the preceding items, and adjustments to income taxes. Non-GAAP EPS is defined as Non-GAAP net income divided by Non-GAAP weighted average diluted shares, which adjusts the weighted-average number of common shares outstanding for the dilutive effect of the Company's convertible notes, offset by our hedging arrangements. InterDigital’s computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below.
SUMMARY CONSOLIDATED STATEMENTS OF INCOME
(in thousands except per share data)
(unaudited)
Three Months Ended March 31,
2026 2025
Revenue $ 205,416 $ 210,507
Operating expenses:
Research and portfolio development 55,835 47,430
Licensing 52,119 17,677
General and administrative 15,201 13,568
Total operating expenses 123,155 78,675
Income from operations 82,261 131,832
Interest expense (9,067) (9,871)
Other income, net 6,600 10,258
Income before income taxes 79,794 132,219
Income tax provision (4,465) (16,617)
Net income $ 75,329 $ 115,602
Net income per common share:
Basic $ 2.93 $ 4.49
Diluted $ 2.14 $ 3.45
Weighted average number of common shares outstanding:
Basic 25,721 25,741
Diluted 35,280 33,505
Cash dividends declared per common share $ 0.70 $ 0.60
SUMMARY CONSOLIDATED CASH FLOWS
(in thousands)
(unaudited)
Three Months Ended March 31,
2026 2025
Cash flows from operating activities:
Net income $ 75,329 $ 115,602
Non-cash adjustments 122,711 (1,445)
Working capital changes (181,959) (134,146)
Net cash provided by (used in) operating activities
16,081 (19,989)
Cash flows from investing activities:
Net sales, maturities, and purchases of short-term investments
29,775 86,165
Capitalized patent costs and property and equipment (15,078) (26,657)
Long-term investments 1,709 —
Net cash provided by investing activities
16,406 59,508
Cash flows from financing activities:
Payments on long-term debt and warrants (88,017) (1,284)
Repurchase of common stock (8,165) (5,249)
Dividends paid (17,980) (11,557)
Other (55,003) (24,861)
Net cash used in financing activities (169,165) (42,951)
Net decrease in cash, cash equivalents, and restricted cash
(136,678) (3,432)
Cash, cash equivalents, and restricted cash, beginning of period
754,268 551,547
Cash, cash equivalents, and restricted cash, end of period
$ 617,590 $ 548,115
SUMMARY CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
March 31, 2026 December 31, 2025
Assets
Cash, cash equivalents, and short-term investments $ 1,081,859 $ 1,243,160
Accounts receivable 208,327 69,816
Prepaid and other current assets 96,491 74,994
Property & equipment and patents, net 342,029 342,469
Other long-term assets, net 342,492 333,851
Total assets $ 2,071,198 $ 2,064,290
Liabilities and Shareholders' equity
Current portion of long-term debt $ 377,787 $ 458,376
Current deferred revenue 261,103 193,722
Other current liabilities 99,450 100,404
Long-term deferred revenue 159,362 135,882
Long-term debt & other long-term liabilities 69,410 74,786
Total liabilities 967,112 963,170
Total shareholders' equity 1,104,086 1,101,120
Total liabilities and shareholders' equity $ 2,071,198 $ 2,064,290
RECONCILIATION OF NON-GAAP MEASURES
The following tables present InterDigital's GAAP financial measures reconciled to the non-GAAP financial measures included in this release for the first quarter ended March 31, 2026 and 2025:
Three Months Ended March 31,
(in thousands)
2026 2025
Net income $ 75,329 $ 115,602
Income tax provision 4,465 16,617
Other income, net & interest expense 2,467 (387)
Depreciation and amortization 19,208 18,213
Share-based compensation 10,339 9,498
Other items (a)
— (483)
Adjusted EBITDA 1
$ 111,808 $ 159,060
Three Months Ended March 31,
(in thousands, except for per share data)
2026 2025
Net income $ 75,329 $ 115,602
Share-based compensation 10,339 9,498
Acquisition related amortization 7,978 8,650
Other operating items (a)
— (483)
Other non-operating items
— —
Related income tax effect of above items (3,847) (3,710)
Adjustments to income taxes (10,404) (3,899)
Non-GAAP net income 3
$ 79,395 $ 125,658
Weighted average dilutive shares - GAAP 35,280 33,505
Less: Dilutive impact of the Convertible Notes 4,396 3,670
Weighted average dilutive shares - Non-GAAP 3
30,884 29,835
Diluted EPS $ 2.14 $ 3.45
Non-GAAP EPS 3
$ 2.57 $ 4.21
(a) Other items in the above tables include one-time contra-expenses related to litigation fee reimbursements.
The following tables present a reconciliation between GAAP and non-GAAP versions of the estimated financial measures for the second quarter of 2026 and full year fiscal 2026 included in this release:
Outlook
(in millions)
Q2 2026
Full Year 2026
Net income
$28 - $34
$202 - $298
Income tax provision
7
48
Other income, net & interest expense
— (4)
Depreciation and amortization
20
80
Share-based compensation
12
52
Other items
— 3
Adjusted EBITDA 1
$67 - $73
$381 - $477
Outlook
(in millions, except for per share data)
Q2 2026
Full Year 2026
Net income
$28 - $34
$202 - $298
Share-based compensation 12 52
Acquisition related amortization 8 32
Other operating items
— 3
Other non-operating items
— —
Related income tax effect of above items (4) (18)
Adjustments to income taxes — —
Non-GAAP net income 3
$44 - $50
$271 - $367
Weighted average dilutive shares - GAAP 35.1 35.0
Less: Dilutive impact of the Convertible Notes 3.9 4.0
Weighted average dilutive shares - Non-GAAP 3
31.2 31.0
Diluted EPS $0.80 - $0.97 $5.77 - $8.51
Non-GAAP EPS 3
$1.41 - $1.60 $8.74 - $11.84
CONTACT: InterDigital, Inc.
Email: investor.relations@interdigital.com
+1 (302) 300-1857
EX-99.2
EX-99.2
Filename: supplementalmaterialsq12.htm · Sequence: 3
supplementalmaterialsq12
1
Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act, including but not limited to statements related to our outlook for Q2 and full year 2026, and other financial and business goals. Forward-looking statements are based on our expectations as of the date of this presentation and are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond our control. Actual results could materially differ because of such factors or circumstances, which include those described in our first quarter 2026 earnings release. You should carefully consider these factors as well as the risks and uncertainties outlined in greater detail in the Risk Factors sections of our 2025 Form 10-K and our other SEC filings before making any investment decision with respect to our common stock. These factors, individually or in the aggregate, may cause our actual results to differ materially from our expected and historical results. We undertake no obligation to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law. Industry Data This presentation contains statistical data, estimates, and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. While we believe the industry and market data included in this presentation are reliable and are based on reasonable assumptions, these data involve many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Non-GAAP Financial Measures This presentation includes certain non-GAAP measures not based on generally accepted accounting principles. For more information and for reconciliations between GAAP and these non-GAAP measures, see the appendix to this presentation. 2©2026 InterDigital, Inc. All Rights Reserved.
Agenda Q1 Financial & Business Highlights Q2 and FY26 Outlook Background on InterDigital Appendix 3©2026 InterDigital, Inc. All Rights Reserved.
©2026 InterDigital, Inc. All Rights Reserved. 4
Q1 Financial Highlights Revenue, Adj. EBITDAa and Diluted EPS exceed the top end of guidance range Annualized Recurring Revenueb (ARR) up 13% YoY to $567 million Smartphone ARRb up 18% to $492 million (all-time high) Adj. EBITDAa of $112 million Adj. EBITDA margina of 54% Return of capital of $114 million, including $88 million reduction in debt and $26 million of share repurchases and dividends Strong balance sheet with cash of $1.1 billion a Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations b Please see appendix for a description of this metric and how it is calculated 5©2026 InterDigital, Inc. All Rights Reserved.
Recent Business Highlights Signed six new agreements in Q1, including a renewal with Xiaomi and a new license with LG Electronics Recognized by LexisNexis as one of the world’s 100 most innovative companies fifth year in a row Awarded fifth injunction against Disney by a court in Germany A court in Brazil found our offer to be FRAND and awarded an injunction against Transsion Launched Haptic Excellence Center with Razer Showcased new services and immersive experiences underpinned by 6G and AI at MWC InterDigital engineers elected to seven leadership positions across wireless and video standards bodies Promoted to the S&P Midcap 400 from the S&P Smallcap 600 6©2026 InterDigital, Inc. All Rights Reserved.
Financial Results vs. Outlook Q 1 ’ 2 6 R E S U L T S Q 1 ’ 2 6 O U T L O O K Revenue $205.4M $194M - $200M Adjusted EBITDAa $111.8M $101M - $110M Diluted EPS $2.14 $1.61 - $1.86 Non-GAAP EPSa $2.57 $2.39 - $2.68 aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations, as well as our 2026 10-Q for a sensitivity table showing the dilutive impact of our convertible notes. 7©2026 InterDigital, Inc. All Rights Reserved.
ARRa +13% YoY Q1’26 Results YoY decline in Q1’26 revenue due to lower catch-up revenue. Operating expenses increased primarily due to higher revenue share costs driven by the LG TV agreement and higher IP enforcement costs. 8 0 100 200 300 400 500 600 700 Q1 ‘25 Q1 ‘26 $567M Ce, IoT/Auto Smartphone $211M $205 0 100 200 300 Q1 ‘25 Q1 ‘26 Revenue <2%> YoY $159M $112M 76% 54% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 100 200 300 Q1 ‘25 Q1 ‘26 Adjusted EBITDAb <30%> YoY $4.21 $2.57 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 Q1 ‘25 Q1 ‘26 Non-GAAP EPSb <39%> YoY - - - - - -Adj EBITDA Marginb a Please see appendix for a description of this metric and how it is calculated b Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix, as well as our 2026 10-Q for a sensitivity table showing the dilutive impact of our convertible notes. $503M ©2026 InterDigital, Inc. All Rights Reserved.
9
Company Reaffirms FY 2026 Guidance (as of April 30, 2026) 10 Q 2 ’ 2 6 O U T L O O K F Y 2 6 O U T L O O K Revenue $139M - $143M $675M - $775M Adjusted EBITDAa $67M - $73M $381M - $477M Diluted EPS $0.80 - $0.97 $5.77 - $8.51 Non-GAAP EPSa $1.41 - $1.60 $8.74 - $11.84 a Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations, as well as our 2026 10-Q for a sensitivity table showing the dilutive impact of our convertible notes. The outlook for second quarter 2026 covers existing licenses and does not include any new agreements or enforcement action results we may sign or receive over the balance of the second quarter. The outlook for full year 2026 includes both existing licenses and the expected contributions from new agreements and/or enforcement actions we may receive over the balance of the year. ©2026 InterDigital, Inc. All Rights Reserved.
Upcoming Investor Events May 12 Needham Tech Conference ● New York, NY May 18 J.P. Morgan Tech Conference ● Boston, MA June 2 William Blair Growth Stock Conference ● Chicago, IL June 2 Evercore Tech Conference ● San Francisco, CA June 3 Baird Consumer, Tech & Services Conference ● New York, NY June 10 Corporate Event Annual Meeting of Shareholders ● Virtual 11©2026 InterDigital, Inc. All Rights Reserved.
12
Premier Team Essential Technology Development Company Introduction Long-term Growth Strategy Accelerating Business Momentum 01 0304 0205 InterDigital Innovating Today, Empowering Tomorrow 13©2026 InterDigital, Inc. All Rights Reserved.
InterDigital Pioneering Wireless, Video and AI Research 14 71% Adj. EBITDA Margina KEY CUSTOMERS INCLUDE: ~$1.2B Cash 2025 F inancial Resul ts $834M Revenue H I G H L I G H T S Driving foundational research in wireless, video & AI since 1972 World-class team Led by seasoned industry veterans Enabling ecosystem ~9B wireless connections with $7.6T economic value annually Industry-leading patents Evergreen patent portfolio of ~38,000 assets Long-term customers Subscription-like revenue, $4.7B in TCV* added since the start of 2021 *TCV = total contract value a Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix, as well as our 2026 10-Q for a sensitivity table showing the dilutive impact of our convertible notes. $15.31 Non-GAAP EPSa ©2026 InterDigital, Inc. All Rights Reserved.
Rich Brezski CFO Julia Mattis Chief Licensing Officer 15 World-Class Leadership Team Robert S. Stien Chief Communications & Public Policy Officer Ken Kaskoun Chief Growth Officer Joshua Schmidt Chief Legal Officer Skip Maloney Chief People Officer Liren Chen CEO Rajesh Pankaj CTO Decades of industry experience. Strong track record. Drive deep collaboration and superb execution. ©2026 InterDigital, Inc. All Rights Reserved.
16 IP as a Service Business Model: A Virtuous Cycle of Innovation We are a foundational R&D company. We share our innovation through the standards process and monetize our technology through IP licensing. $ RESEARCH & INNOVATION PATENT PORTFOLIO LICENSING PRODUCT IMPLEMENTERS STANDARD DEVELOPMENT TECHNOLOGY SHARING ©2026 InterDigital, Inc. All Rights Reserved.
17 We Focus on Foundational Technologies We solve the most complex problems in the system. The technology we created is broadly applicable to many industries W I R E L E S S Cellular wireless - 4G/5G/6G WiFi and wireless local area networks V I D E O Video compression, transport and enhancement Immersive media compression, transport and enhancement A I AI/ML research to deliver next gen wireless and video technologies and services AI/ML innovation to boost performance, save energy, and enable new use cases Our research and patents in these areas underpin our business ©2026 InterDigital, Inc. All Rights Reserved.
18 InterDigital Tech Underpins Surging Mobile Traffic 2017 2022 2027 50 100 150 200 250 3000 10.8 EB 90.4 EB 282.8 EB Video Drives Surge in Mobile Data Traffic Estimated global media traffic by application category (in exabytes per month)* * One exabyte equals one million terabytes. Source: Ericsson Mobility Report Video Other ©2026 InterDigital, Inc. All Rights Reserved.
19 Our Innovations Help Drive Video Codec Evolution 4K Movie 130-Minute Run Time (1) http://www.iam-media.com/litigation/what-will-tv-cost-you-putting-price-hevc-licences (2) Approximated based on the result from 3GPP document https://www.3gpp.org/ftp/Specs/archive/26_series/26.955/26955-h00.zip Source: Counterpoint, WINXDVD Uncompressed: 11,600GB Compressed VP9: ~15 GB HEVC: ~14 GB(1) AV1: ~11 GB VVC: ~9 GB(2) AVC: ~24 GB(1) ©2026 InterDigital, Inc. All Rights Reserved.
20 The Power of the Global Standards System C O N S U M E R S A global system of standards helps ensure interoperability I M P L E M E N T E R S Standards like 5G lower barriers to entry for new entrants into a market like smartphones and benefit from economies of scale O P E R A T O R S A N D S E R V I C E P R O V I D E R S Standards increase system capacity and lower the total cost of ownership ©2026 InterDigital, Inc. All Rights Reserved.
21 InterDigital Drives Standard Development U N I T I N G P R I N C I P L E S Strong belief in global standards Focus on technology merits and neutral on product implementation decisions S T R O N G L E A D E R S H I P Participate in 100+ standard development organizations (SDO) Hold more than 100 leadership positions in these SDOs B R O A D C O L L A B O R A T I O N S Collaborate with many industry partners and leading universities Our technologies benefit the whole eco-system: billions of devices and many cloud-based services each year ©2026 InterDigital, Inc. All Rights Reserved.
22 JVET Video & AI Standards NNVC Co-Chair & SW Chair Beyond VVC Co-Chair of Two AHG Beyond VVC Co-Chair of Two AHG AI AHG Co-Chair AI-PCC Chair Haptic AHG Chair Steering Board Member TSAG Vice Chair MPEG Green Chair Sustainability in Media & Data Delivery Services Co-Chair We Have Many Standard Development Leadership Positions Cellular, WiFi & AI Standards RAN2 Chair SA6 Chair ETSI Board Member and ISAC ISG Chair SAI Vice Chair Steering Group Co-Chair Technology Roadmap Vice-Chair SA Board of Governors AIML Standing Committee Chair Internet Area Working Group Co-Chair Policy Committee Vice Chair Sphere of Influence Growing: More than 100 Leadership Positions in Wireless, Video & AI Standards NNVC Co-Chair & SW Chair AI AHG Co-Chair AI-PCC Chair AI-Related Positions ©2026 InterDigital, Inc. All Rights Reserved. SA2 Vice-Chair
23 One Of Only Three Companies with Multiple 3GPP Chair Positions Radio Access Network (RAN) WG1 Radio Layer1 WG2 Radio Layer 2/3 WG3 Architecture & Related Network Interfaces WG4 Radio Performance & Protocol Aspects WG5 Mobile Terminal Conformance Test Services & System Aspects (SA) WG1 Services WG2 System Architecture WG3 Security WG4 Codec WG5 Telecom Management WG6 Mission-critical Apps Core Network & Terminals (CT) WG1 User Equipment To Core Network Protocols WG3 Interworking With External Networks WG4 Core Network Protocols WG6 Smart Card Application Aspects ©2026 InterDigital, Inc. All Rights Reserved.
24 2022: 2023: 2024: 2025: ©2026 InterDigital, Inc. All Rights Reserved. InterDigital is a Recognized Global Innovation Leader For the fifth year in a row, LexisNexis recognized InterDigital amongst the World’s 100 Most Innovative Businesses. Innovation Momentum 2026: The Global Top 100, “represents the world’s leading patent owners with the highest innovation momentum.” 2026:
Innovation Engine Fuels Evergreen IP Portfolio Cellular WiFi Video Other ~19,000 Assets ~38,000 Assets Our patent portfolio grew > 100% between 2017 & 2025 with the addition of video & DTV related technologies and continuing growth of wireless assets Growing by about 7 new patents/day 2017: 2025: 25©2026 InterDigital, Inc. All Rights Reserved.
26
$0M $500M $1,000M $1,500M $2,000M $2,500M $3,000M $3,500M $4,000M $4,500M $5,000M Licensing Momentum Drives Total Contract Value (TCV) Growth More than 50 licenses with TCV of $4.7B closed since the start of 2021 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 27 2 0 2 6 ©2026 InterDigital, Inc. All Rights Reserved.
Licensing Success Drives ARRa Growth a Please see appendix for a description of this metric and how it is calculated 28 New Agreements and Renewals Drive Increase in ARRa $450M $500M $550M $600M $0M 2021 2022 2023 2024 2025 $406M $582M ©2026 InterDigital, Inc. All Rights Reserved.
$208M $255M $345M $551M $589M 49% 56% 63% 63% 71% 0% 10% 20% 30% 40% 50% 60% 70% 80% $0M $200M $400M $600M $800M $1,000M 2021 2022 2023 2024 2025 Strong Revenue Growth, Margins and Return of Capital Non-GAAP EPSa > 4X growth - - - - - -Adj EBITDA Margina Revenue ~2x growth Adjusted EBITDA ~3X growth a a Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix, as well as our 2026 10-Q for a sensitivity table showing the dilutive impact of our convertible notes. $425M $458M $550M $869M $834M 2021 2022 2023 2024 2025 Return of Capital > $800M returned / Share count <16%> $3.73 $5.08 $9.23 $14.97 $15.31 2021 2022 2023 2024 2025 $0M $100M $200M $300M $400M $500M $600M $700M $800M $900M 2021 2022 2023 2024 2025 Repurchases Dividends 29©2026 InterDigital, Inc. All Rights Reserved.
30 Recognized As One Of America’s Best Companies America’s Greatest Companies 2025 100 Fastest- Growing Companies 2025 Newsweek Fortune Time Magazine America’s Growth Leaders 2025 Forbes America’s Best Mid-Cap Companies 2026 #1 ©2026 InterDigital, Inc. All Rights Reserved.
31
32 Our Technologies Benefit the Economy and the World Source: GSMA The Mobile Economy 2026 5.8 billion people globally subscribed to a mobile service, including 4.7 billion who used the mobile internet Mobile technologies and services generate $7.6 trillion economic value, 6.4% of global GDP Enables 50 million jobs across the wider mobile ecosystem Mobile technologies and services projected to add nearly $4 trillion to the global economy by 2030 ©2026 InterDigital, Inc. All Rights Reserved.
33 We Address Three Attractive Markets Market Key Market Dynamic Significant Customers CONTENT & CLOUD SERVICES High growth with increasing focus on profitability ~10% <20 CE, IoT/AUTO ~4% ~100 Increasing concentration of top OEMs SMARTPHONES <10 Mix of mature and growth with fragmentation across certain verticals 2025A TAM ’25 – ’30E CAGR ~(1)% Sources: Counterpoint Research, Omdia (1) Represents wholesale revenue (2) Includes CE and cellular IoT only (Auto excluded) (3) Represents SVoD + AVoD ~$485B (3) ~1.8B Units (~$440B)(2) ~1.25B Units (~$465B)(1) ©2026 InterDigital, Inc. All Rights Reserved.
34 Clear Pathway to Growth 2025 2030 SMARTPHONE I n c r e a s e p e n e t r a t i o n E n h a n c e v a l u a t i o n d u r i n g r e n e w a l s CE, IOT/AUTO I n c r e a s e p e n e t r a t i o n E x p a n d m a r k e t c o v e r a g e S T R E A M I N G & C L O U D S E R V I C E S G r o w v i d e o s e r v i c e s l i c e n s i n g p r o g r a m $91M ~$200M $0 ~$300M+ $1B+ A R R a T a r g e t 2030 (by 2027) $491M ~$500M a Please see appendix for a description of this metric and how it is calculated ©2026 InterDigital, Inc. All Rights Reserved.
Strong Execution Drives High Penetration 35 In Litigation Licensed Primary Opportunity Note: Lenovo in binding arbitration 2 0 2 6 E S M A R T P H O N E S H I P M E N T S : ~ 1 . 1 B Source: Counterpoint Research Licensing coverage: ~85% • Top 3 vendors under license until end of decade • 8 of top 10 now under license • Large global market • Focus on driving higher value from key customers during renewal cycle 51% 28% 17% ~85% ~8% ~5% Other ©2026 InterDigital, Inc. All Rights Reserved.
Good CE Momentum in Q1 But Opportunity Remains License coverage as of Q1 2026 36 Note: Figures represent 2025 estimated shipments Source: Omdia P C s & T A B L E T S : ~ 4 4 0 M T V s : ~ 2 1 0 M ~60%~25% ~15% ~23% ~30% ~15% ~32% Licensed Primary Opportunity OtherIn Litigation ©2026 InterDigital, Inc. All Rights Reserved.
37 Growth Across Cellular IoT and Automotive Source: Omdia P A S S E N G E R V E H I C L E S H I P M E N T S ( M ) 2025A 2030E ~65 ~90 +7% 5G 4G ~85% of 4G auto market licensed 5G auto market driving value growth ©2026 InterDigital, Inc. All Rights Reserved. C E L L U L A R I O T S H I P M E N T S ( M ) Healthcare Industrial IoT Smart Cities 2025A 2030E ~550 ~860 +9% Unaddressed Addressed Energy & Utilities Remote Monitoring Retail & Payments Transportation & Logistics Automotive
38 SVoD and AVoD Are Our Current Focus Source: Omdia Note: Cloud gaming forecast data limited to 2028 and SVOD includes ad tier subscriptions 2025 TAM 2030 TAM TAM CAGR $300 B$185 B $240 B $170 B $160 B $18 B $21 B $5 B $6 B +11% +5% -1% SVoD AVoD GLOBAL PAY-TV VIDEO CONFERENCING CLOUD GAMING $515 B +3% +4% ©2026 InterDigital, Inc. All Rights Reserved.
39 Capital Allocation Priorities Strong cash flow maintains balance sheet strength, funds organic investment in research, and enables significant share reduction Maintain fortress balance sheet Financial strength is a strategic asset Organic investment in business Prioritize investment into research and IP portfolio Inorganic investment Opportunistic and strategic Return Excess cash to shareholders > $600M in share repurchases last 5 yrs. Dividend increase of 56% in 2025 ©2026 InterDigital, Inc. All Rights Reserved.
40 Target Financial Model for 2030 60%+ Powerful Operating Leverage drives Adjusted EBITDA Marginb Target $1B+ ARRa 10%+ Annual Growth Target High Margin Drives Strong Cash Flow $600M+ Adjusted EBITDAb Target Well positioned to drive value going forward a Please see appendix for a description of this metric and how it is calculated b Non-GAAP financial measure. Refer to appendix. Calculated based on an assumed 60% Adjusted EBITDA margin. ©2026 InterDigital, Inc. All Rights Reserved.
41 Key Takeaways World-class leadership and functional teams across the board Accelerating momentum for R&I, standard development, patent portfolio creation and licensing driven by continuing investment and strong execution We have a clear strategy, a world-class team and the operational discipline to drive the growth of ARRa to $1B+ target by 2030 Our technologies are critical to devices and services of multiple industries, giving us large addressable markets a Please see appendix for a description of this metric and how it is calculated ©2026 InterDigital, Inc. All Rights Reserved.
42
43 Supplemental Metrics Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targets. ARR is not a projection or forecast, and actual recurring revenue for any 12-month period will depend on a number of factors beyond our ability to predict or control, including those risks and uncertainties listed above. Additionally, ARR may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Adjusted EBITDA and Adjusted EBITDA margin are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the Company's ongoing business performance. InterDigital defines Adjusted EBITDA as net income attributable to InterDigital Inc. plus net loss attributable to non-controlling interest, income tax (provision) benefit, other income (expense) & interest expense, depreciation and amortization, share-based compensation, and other items. Other items include restructuring costs, impairment charges and other non-recurring items. Adjusted EBITDA margin is Adjusted EBITDA over total revenue. These non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure is provided below. Non-GAAP net income, Non-GAAP earnings per share (“EPS”), and Non-GAAP weighted-average diluted shares are supplemental non-GAAP financial measures that InterDigital believes provides investors with important insight into the Company's ongoing business performance. InterDigital defines Non-GAAP net income as net income attributable to InterDigital, Inc. plus share-based compensation, acquisition related amortization, restructuring costs, impairment charges and one-time adjustments, losses on extinguishments of long-term debt, the related income tax effect of the preceding items, and adjustments to income taxes. Non-GAAP EPS is defined as Non- GAAP net income divided by Non-GAAP weighted-average diluted shares, which adjusts the weighted average number of common shares outstanding for the dilutive effect of the Company's convertible notes, offset by our hedging arrangements. InterDigital’s computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below. ©2026 InterDigital, Inc. All Rights Reserved.
Non-GAAP Reconciliation 44©2026 InterDigital, Inc. All Rights Reserved. (In millions) 2021 2022 2023 2024 2025 Q1'26 Q1'25 Q1'26 Q2'26 Full Year 2026 Net income attributable to InterDigital, Inc. 55$ 94$ 214$ 359$ 407$ 75$ 116$ $57 - $66 $28 - $34 $202 - $298 Net loss attributable to non-controlling interest (13) (2) (3) - - - - - - - Income tax (provision) benefit 15 26 24 71 63 4 17 12 7 48 Other income (expense) & interest expense 14 33 (13) 10 (9) 2 - - - (4) Depreciation and amortization 78 79 78 70 78 19 18 19 20 80 Share-based compensation 29 22 36 46 43 10 9 12 12 52 Other operating items 30 3 10 (4) 7 - (1) 1 - 3 Adjusted EBITDA 208$ 255$ 345$ 551$ 589$ 112$ 159$ $101 - $110 $67 - $73 $381 - $477 Adjusted EBITDA Margin 49% 56% 63% 63% 71% 54% 76% 54% 50% 59% Other Operating Items Restructuring 28$ 3$ -$ -$ -$ -$ -$ -$ -$ -$ Other non-cash charges - - 3 - - - - - - - Non-Recurring Personnel-Related 2 - - - 7 - - 1 - 3 Net Litigation Fee Reimbursement - - 8 (4) - - (1) - - - Total Other Operating Items 30$ 3$ 10$ (4)$ 7$ -$ (1)$ 1$ -$ 3$ NOTE: Sums may not equal total due to rounding Full Year Three Months Ended Outlook
Non-GAAP Reconciliation 45©2026 InterDigital, Inc. All Rights Reserved. (In millions, except per share data) 2021 2022 2023 2024 2025 Q1'26 Q1'25 Q1'26 Q2'26 Full Year 2026 Net income attributable to InterDigital, Inc. 55$ 94$ 214$ 359$ 407$ 75$ 116$ $57 - $66 $28 - $34 $202 - $298 Share-based compensation 29 22 36 46 43 10 9 12 12 52 Acquisition related amortization 42 42 41 33 36 8 9 8 8 32 Other operating items 30 3 10 (4) 7 - (1) 1 - 3 Other non-operating items (11) 13 (14) (2) - - - - - - Related income tax and noncontrolling interest effect of above items (26) (17) (17) (15) (18) (4) (4) (4) (4) (18) Adjustments to income taxes (2) (2) (16) (7) (10) (10) (4) - - - Non-GAAP net income 117$ 155$ 254$ 409$ 465$ 79$ 125$ $74 - $83 $44 - $50 $271 - $367 Weighted average diluted shares - GAAP 31.3 30.5 28.1 29.7 34.5 35.3 33.5 35.4 35.1 35.0 Less: Dilutive impact of the Convertible Notes - - 0.5 2.4 4.1 4.4 3.7 4.4 3.9 4.0 Weighted average diluted shares - Non-GAAP 31.3 30.5 27.6 27.3 30.4 30.9 29.8 31.0 31.2 31.0 Diluted EPS 1.77$ 3.07$ 7.62$ 12.07$ 11.80$ 2.14$ 3.45$ $1.61 - $1.86 $0.80 - $0.97 $5.77 - $8.51 Non-GAAP EPS 3.73$ 5.08$ 9.23$ 14.97$ 15.31$ 2.57$ 4.21$ $2.39 - $2.68 $1.41- $1.60 $8.74 - $11.84 Other Operating Items Restructuring 28$ 3$ -$ -$ -$ -$ - -$ -$ -$ Other non-cash charges - - 3 - 1 - - - - - Non-recurring personnel-related 2 - - - 6 - - 1 - 3 Net litigation fee reimbursement - - 8 (4) 1 - (1) - - - Total Other Operating Items 30$ 3$ 10$ (4)$ 7$ -$ (1)$ 1$ -$ 3$ Other Non-operating Items Fair value changes (9)$ 2$ (10)$ (2)$ -$ -$ - -$ -$ -$ Loss on extinguishment of debt - 11 - - - - - - - - Other non-cash charges (2) - (4) - - - - - - - Total Other Non-operating Items (11)$ 13$ (14)$ (2)$ -$ -$ -$ -$ -$ -$ NOTE: Sums may not equal total due to rounding Full Year Three Months Ended Outlook
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12001.jpg · Sequence: 7
Binary file (48331 bytes)
Download supplementalmaterialsq12001.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12002.jpg · Sequence: 8
Binary file (188106 bytes)
Download supplementalmaterialsq12002.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12003.jpg · Sequence: 9
Binary file (50160 bytes)
Download supplementalmaterialsq12003.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12004.jpg · Sequence: 10
Binary file (45742 bytes)
Download supplementalmaterialsq12004.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12005.jpg · Sequence: 11
Binary file (98153 bytes)
Download supplementalmaterialsq12005.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12006.jpg · Sequence: 12
Binary file (115680 bytes)
Download supplementalmaterialsq12006.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12007.jpg · Sequence: 13
Binary file (66310 bytes)
Download supplementalmaterialsq12007.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12008.jpg · Sequence: 14
Binary file (86705 bytes)
Download supplementalmaterialsq12008.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12009.jpg · Sequence: 15
Binary file (40319 bytes)
Download supplementalmaterialsq12009.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12010.jpg · Sequence: 16
Binary file (101374 bytes)
Download supplementalmaterialsq12010.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12011.jpg · Sequence: 17
Binary file (80068 bytes)
Download supplementalmaterialsq12011.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12012.jpg · Sequence: 18
Binary file (41002 bytes)
Download supplementalmaterialsq12012.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12013.jpg · Sequence: 19
Binary file (82479 bytes)
Download supplementalmaterialsq12013.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12014.jpg · Sequence: 20
Binary file (114446 bytes)
Download supplementalmaterialsq12014.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12015.jpg · Sequence: 21
Binary file (103907 bytes)
Download supplementalmaterialsq12015.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12016.jpg · Sequence: 22
Binary file (91975 bytes)
Download supplementalmaterialsq12016.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12017.jpg · Sequence: 23
Binary file (148109 bytes)
Download supplementalmaterialsq12017.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12018.jpg · Sequence: 24
Binary file (65590 bytes)
Download supplementalmaterialsq12018.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12019.jpg · Sequence: 25
Binary file (121934 bytes)
Download supplementalmaterialsq12019.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12020.jpg · Sequence: 26
Binary file (107801 bytes)
Download supplementalmaterialsq12020.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12021.jpg · Sequence: 27
Binary file (115281 bytes)
Download supplementalmaterialsq12021.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12022.jpg · Sequence: 28
Binary file (137485 bytes)
Download supplementalmaterialsq12022.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12023.jpg · Sequence: 29
Binary file (137430 bytes)
Download supplementalmaterialsq12023.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12024.jpg · Sequence: 30
Binary file (129894 bytes)
Download supplementalmaterialsq12024.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12025.jpg · Sequence: 31
Binary file (80320 bytes)
Download supplementalmaterialsq12025.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12026.jpg · Sequence: 32
Binary file (48419 bytes)
Download supplementalmaterialsq12026.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12027.jpg · Sequence: 33
Binary file (93909 bytes)
Download supplementalmaterialsq12027.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12028.jpg · Sequence: 34
Binary file (66028 bytes)
Download supplementalmaterialsq12028.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12029.jpg · Sequence: 35
Binary file (100795 bytes)
Download supplementalmaterialsq12029.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12030.jpg · Sequence: 36
Binary file (98634 bytes)
Download supplementalmaterialsq12030.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12031.jpg · Sequence: 37
Binary file (43094 bytes)
Download supplementalmaterialsq12031.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12032.jpg · Sequence: 38
Binary file (100338 bytes)
Download supplementalmaterialsq12032.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12033.jpg · Sequence: 39
Binary file (102463 bytes)
Download supplementalmaterialsq12033.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12034.jpg · Sequence: 40
Binary file (83723 bytes)
Download supplementalmaterialsq12034.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12035.jpg · Sequence: 41
Binary file (83088 bytes)
Download supplementalmaterialsq12035.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12036.jpg · Sequence: 42
Binary file (79755 bytes)
Download supplementalmaterialsq12036.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12037.jpg · Sequence: 43
Binary file (80785 bytes)
Download supplementalmaterialsq12037.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12038.jpg · Sequence: 44
Binary file (86183 bytes)
Download supplementalmaterialsq12038.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12039.jpg · Sequence: 45
Binary file (104312 bytes)
Download supplementalmaterialsq12039.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12040.jpg · Sequence: 46
Binary file (84941 bytes)
Download supplementalmaterialsq12040.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12041.jpg · Sequence: 47
Binary file (88785 bytes)
Download supplementalmaterialsq12041.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12042.jpg · Sequence: 48
Binary file (37989 bytes)
Download supplementalmaterialsq12042.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12043.jpg · Sequence: 49
Binary file (202854 bytes)
Download supplementalmaterialsq12043.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12044.jpg · Sequence: 50
Binary file (97767 bytes)
Download supplementalmaterialsq12044.jpg
GRAPHIC
GRAPHIC
Filename: supplementalmaterialsq12045.jpg · Sequence: 51
Binary file (124097 bytes)
Download supplementalmaterialsq12045.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 53
v3.26.1
Cover
Apr. 30, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
Apr. 30, 2026
Entity Registrant Name
INTERDIGITAL, INC.
Entity Central Index Key
0001405495
Amendment Flag
false
Entity Incorporation, State or Country Code
PA
Entity File Number
1-33579
Entity Tax Identification Number
82-4936666
Entity Address, Address Line One
200 Bellevue Parkway
Entity Address, Address Line Two
Suite 300
Entity Address, City or Town
Wilmington
Entity Address, State or Province
DE
Entity Address, Postal Zip Code
19809-3727
City Area Code
302
Local Phone Number
281-3600
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Stock, par value $0.01 per share
Trading Symbol
IDCC
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration