InterDigital Exceeds Q2 Earnings Guidance and Raises Full-Year Outlook
InterDigital reported second-quarter results that exceeded its guidance across all key metrics in the quarter ending July 30, 2026. The company generated $260.2 million in revenue, surpassing expectations of $139–$143 million, with adjusted EBITDA at $184.1 million and non-GAAP diluted EPS reaching $4.62. A significant portion of the revenue came from a $103.7 million catch-up payment, while recurring licensing growth also contributed positively. InterDigital raised its full-year 2026 guidance to between $775–$845 million in revenue and adjusted EBITDA of $469–$529 million, with non-GAAP EPS expected at $10.85–$12.81. The company also reached a patent-license agreement with Amazon covering devices and services like Prime Video, resolving all pending litigation between the two firms. The CEO noted that annualized recurring revenue hit a record high of $625.7 million in Q2 2026, up from previous levels by 13%. The final financial terms for the Amazon agreement will be determined through an arbitration process expected to last 18–24 months.
Topics: ebitda eps guidance_update patent_license_agreement revenue