InterDigital obliterates Q2 estimates and lifts full-year revenue guidance by $85M
IDCC sits 20% above its 52-week low of $221.31.
Summary
InterDigital crushed Q2 2026 guidance, delivering revenue of $260.2M, Adjusted EBITDA of $184.1M, and Diluted EPS of $3.40. The company raised its full-year 2026 revenue outlook by $85M at the midpoint, propelled by a new Streaming and Cloud Services agreement with Amazon and record annualized recurring revenue of $626M.
Key Events · Earnings and Guidance · IDCC
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Q2 Results Far Exceed Guidance
Revenue of $260.2M, Adjusted EBITDA of $184.1M, and Diluted EPS of $3.40 all came in well above the high end of the $139M-$143M revenue, $67M-$73M EBITDA, and $0.80-$0.97 EPS guidance ranges.
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Full-Year Revenue Outlook Raised by $85M
Management lifted the 2026 revenue forecast to $775M-$845M, up from $675M-$775M, reflecting increased business momentum and expected contributions from new agreements.
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Streaming & Cloud Services Revenue Debuts at $110M
The new Amazon agreement drove the first material revenue from this segment, validating a key growth pillar and contributing to record ARR of $626M.
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Annualized Recurring Revenue Hits All-Time High
ARR reached $626M, up 13% year-over-year, demonstrating the strength and predictability of the licensing model.
Analysis · IDCC · Real Estate & Construction
A massive beat across every key metric — revenue, EBITDA, and EPS all landed well above the high end of guidance — underscores accelerating business momentum. The full-year 2026 revenue forecast was raised by $85 million at the midpoint, while the debut of $110 million in Streaming and Cloud Services revenue, fueled by the new Amazon agreement, validates a major growth vector. Annualized recurring revenue hit a record $626 million, up 13% year-over-year, highlighting the durability of the licensing model. With a fortress balance sheet and strong cash generation, the raised outlook and new market penetration make this a thesis-affirming quarter.
At the time of this filing, IDCC was trading at $265.00 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $221.31 to $412.60. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.