Earnings Releases·Oct 29, 2026, 8:33 AM ET

InterDigital — Third Quarter 2026 Earnings Summary

Q3 2026 revenue rose 17% year-over-year to $193.4 million, driven by a $36.2 million catch-up revenue component and a 97% surge in CE, IoT/Auto segment revenue, while the Smartphone segment declined 10%.
Profitability metrics expanded significantly with Net Income up 19% to $80.2 million and Adjusted EBITDA up 25% to $131.3 million, supporting a record $629 million in annualized recurring revenue.
Management raised full-year 2026 guidance to $813–$819 million in revenue and $507–$515 million in Adjusted EBITDA, citing strong execution on contracted revenue.
Strategic expansion included licensing agreements with a top PC manufacturer and EV charging firm KEBA, alongside the launch of a new Streaming and Cloud Services line generating $15.0 million.
Capital return increased with a dividend hike to $0.75 per share and $121.2 million in total capital returned, while debt reduction totaled $83.2 million and current long-term debt decreased to $295.8 million.