InterDigital Exceeds Q2 Earnings Guidance with New Amazon Agreement
InterDigital reported second-quarter revenue of $260.2 million, significantly exceeding its guidance range due to a new licensing agreement with Amazon and catch-up revenue. Non-GAAP earnings per share came in at $4.62 compared to the guided range of $1.41–$1.60. Adjusted EBITDA was reported at $184.1 million, well above guidance expectations. The company raised its full-year 2026 revenue outlook to between $775 million and $845 million, with similar upward revisions for adjusted EBITDA and non-GAAP EPS. The increase in financial projections reflects strong performance across smartphone licensing and streaming services, including a patent license agreement with Amazon covering devices and Prime Video. InterDigital also highlighted growth in diversified licensing programs such as point-of-sale devices and electric vehicle chargers, along with progress toward its $1 billion ARR target by 2030. The company maintained strong liquidity at the end of Q2, with cash and short-term investments totaling $1.1 billion.
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