InterDigital reported second quarter revenue of $260.2 million and diluted EPS of $3.40, down from $300.6 million and $5.35 in the prior-year period. The year-over-year decrease was attributed to lower catch-up revenue, which was $103.7 million compared to $162.3 million in the second quarter of 2025.
Key Highlights
- The company announced its first major licensing agreement in the Streaming and Cloud Services space with Amazon, establishing a new revenue segment that generated $110.0 million in the quarter.
- Annualized Recurring Revenue (ARR) reached an all-time high of $625.7 million, a 13% increase from $553.1 million in the prior year.
- InterDigital raised its full-year 2026 revenue guidance to a range of $775 million to $845 million, an increase of $85 million at the midpoint from its prior outlook.