InterDigital Reports Strong Q2 Earnings, Raises Full-Year Guidance
InterDigital (IDCC) reported strong second-quarter results for fiscal year 2026, with revenue reaching $260 million and adjusted EBITDA at $184 million. The company exceeded its guidance across all key metrics, including non-GAAP earnings per share of $4.62. Annualized recurring revenue (ARR) hit a record high of $626 million, up 13% year-over-year. The CEO highlighted the momentum in their streaming and cloud service licensing program, particularly with an agreement to license patents to Amazon for its devices and services like Prime Video. The final terms are expected after arbitration over the next 18–24 months. This deal marks a significant step toward achieving $300 million plus ARR from this segment by 2030. Based on these results, InterDigital raised its full-year revenue guidance to between $775 million and $845 million—$85 million higher at the midpoint than previously expected. The CFO will provide further financial details during the call.
Tickers: $IDCC
Topics: executive commentary financial results Q2 earnings call