InterDigital, Inc. reported results for the second quarter of 2026 with revenue of $260.2M and diluted EPS of $3.4, as net income fell to $116.4M from $180.6M a year earlier. The company said the year‑over‑year revenue decline was driven primarily by lower catch‑up revenue despite new recurring licensing arrangements.
Financial Highlights
- Revenue: $260.2M for Q2 2026, down from $300.6M in the year‑ago quarter ( (13%) YoY).
- Net income: $116.4M for Q2 2026, versus $180.6M in the year‑ago quarter.
- Diluted EPS: $3.40 for Q2 2026, down from $5.35 in Q2 2025.
Business Highlights
- Revenue mix shift: Streaming & Cloud Services launched a large Amazon license, creating new recurring revenue and associated catch‑up recognition.
- Catch‑up revenue impact: Timing of catch‑up recognition materially reduced year‑over‑year revenue; 93% of Q2 revenue came from fixed‑fee agreements with uneven cash timing.
- Customer concentration: Amazon, Apple and Samsung each accounted for at least 10% of revenue in Q2; about 68% of revenue came from large licensees.
- Operational posture: Company increased IP enforcement activity and share‑based compensation, reflecting active litigation and business successes.
- Deferred revenue visibility: $442M in deferred revenue, with $326M expected to amortize within 12 months, supporting near‑term revenue coverage.
Original SEC Filing:
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