InterDigital (IDCC) Company Report

InterDigital Corporation (IDCC) reported over $800 million in revenue and a 63% adjusted EBITDA margin in 2024, with over $1.2 billion in cash as of its most recent quarter.
The company aims to achieve over $1 billion in annualized recurring revenue (ARR) by 2030, up from approximately $588 million today. This growth is expected from its smartphone business, consumer electronics/IoT, and a new greenfield opportunity in streaming and cloud services, targeting over $300 million by 2030.
IDCC has secured new licensing agreements totaling over $4 billion in contract value since 2021. In recent legal proceedings, the company obtained preliminary injunctions against Disney in Brazil and Germany related to streaming and cloud services.
Capital allocation priorities include maintaining a strong balance sheet, investing in its IP portfolio (which has grown over 70% since 2017), and returning capital to shareholders through $1.4 billion in buybacks since 2011 and a 17% dividend increase on September 25th.

Nov 20, 2025, 3:15 PM

Transcript

InterDigital Outlines 2030 Growth Strategy and 2024 Financial Highlights

IDCC

Revenue Acceleration/Inflection

Legal Proceedings

Share Buyback

InterDigital reported strong financial highlights for 2024, including over $800 million in revenue, a 63% adjusted EBITDA margin, and approximately $1 billion in cash.
The company targets over $1 billion in annualized recurring revenue (ARR) by 2030, with significant growth expected from smartphone licensing, consumer electronics/IoT, and a new greenfield opportunity in streaming and cloud services, which is projected to contribute $300 million+ ARR by 2030 from no current revenue.
Since 2021, InterDigital has secured new agreements with a total contract value exceeding $4 billion, contributing to the growth of its annualized recurring revenue from approximately $400 million in 2021 to nearly $600 million in 2025.
To expand into the streaming and cloud services market, InterDigital has initiated legal proceedings against Disney, resulting in preliminary injunctions in Brazil and Germany for patent infringement.
The company prioritizes maintaining a strong balance sheet with over $1.2 billion in cash, investing organically in its IP portfolio, and returning capital to shareholders, evidenced by $1.4 billion in share buybacks since 2011 and a recent 17% dividend increase.

Nov 20, 2025, 3:15 PM

Transcript

InterDigital Outlines Strong Financial Performance and Growth Strategy Towards $1 Billion ARR by 2030

IDCC

Guidance Update

Revenue Acceleration/Inflection

Legal Proceedings

InterDigital reported over $800 million in revenue and an adjusted EBITDA margin of 63% for 2024, with a balance sheet holding around $1 billion in cash. The company aims to achieve $1 billion+ in annualized recurring revenue (ARR) by 2030, up from approximately $588 million currently.
The company's business model is centered on an evergreen IP portfolio of over 34,000 patent assets, generating revenue through long-term, fixed-price licensing agreements. Since 2021, InterDigital has secured new agreements with a total contract value exceeding $4 billion.
Strategic growth areas include consumer electronics, IoT, and a significant greenfield opportunity in streaming and cloud services, where the company targets $300 million+ in ARR by 2030 despite having no current revenue. In this area, InterDigital has filed lawsuits against Disney for patent infringement, securing three preliminary injunctions in Brazil and Germany.
InterDigital maintains a strong capital allocation strategy, including a fortress balance sheet with over $1.2 billion in cash in the most recent quarter, organic investment in its IP portfolio, and returning cash to shareholders through $1.4 billion in buybacks since 2011 and a recent 17% dividend increase on September 25th.

Nov 20, 2025, 3:15 PM

Transcript

InterDigital Provides Update on Strategic Growth and AI Integration at RBC Conference

IDCC

Legal Proceedings

New Projects/Investments

Revenue Acceleration/Inflection

InterDigital, a tech company founded over 50 years ago, invests in wireless communication, video, and AI research, building one of the industry's largest patent portfolios with approximately 36,000 patents and adding about six new patents daily.
The company is ahead of schedule on its goal to achieve $1 billion in annualized recurring revenue by 2030, with smartphone licensing already reaching $490 million (compared to a $500 million target by 2027) and other devices at $19 million.
InterDigital is making concrete progress in OTT licensing, including a multi-jurisdictional enforcement effort against Disney, where it has won three out of three preliminary patent decisions in Brazil and Germany.
The company is a major player in AI research, integrating AI into 6G development and advanced video codecs, and recently acquired DeepRinder for its AI expertise.

Nov 18, 2025, 9:00 PM

Transcript

InterDigital discusses progress towards $1 billion recurring revenue goal and AI strategy

IDCC

Guidance Update

Legal Proceedings

New Projects/Investments

InterDigital aims for $1 billion in annualized recurring revenue by 2030, reporting $490 million from smartphone licensing as of the last quarter, nearing its $500 million target by 2027 ahead of schedule.
The company's patent portfolio consists of approximately 36,000 patents, growing by about six new patents daily, with a significant focus on Standard Essential Patents (SEPs).
In its OTT licensing program, InterDigital has won preliminary decisions for three patents out of three against Disney in Brazil and Germany, with the overall online streaming market now exceeding the smartphone market size.
InterDigital is a major player in AI research, integrating AI into 6G development and video technology, and recently acquired DeepRinder for its AI expertise.

Nov 18, 2025, 9:00 PM

Transcript

InterDigital Reports Strong Q3 2025 Results, Completes Samsung Arbitration, and Acquires AI Startup

IDCC

Earnings

M&A

Legal Proceedings

InterDigital reported strong Q3 2025 financial results, with revenue up 28% year over year to $165 million, adjusted EBITDA up 62% year over year to $105 million, and non-GAAP EPS up 56% year over year to $2.55. Annualized recurring revenue (ARR) increased 49% year over year to $588 million.
The company completed the Samsung smartphone arbitration, valued at over $1 billion over eight years, and signed new license agreements with Honor, Sharp, TCL, and an EV charging company. This brings InterDigital's smartphone market coverage to eight of the top 10 vendors, representing approximately 85% of the total market under license.
InterDigital acquired AI startup Deep Render to accelerate its AI native video research and strengthen its IP position. The company also initiated enforcement proceedings against Transsion and secured a preliminary injunction against Disney in Brazil as part of its multi-jurisdictional enforcement efforts.
The company increased its dividend by 17% to $0.70 per share and returned over $130 million to shareholders year-to-date through buybacks and dividends. For Q4 2025, recurring revenue from existing contracts is expected to be $144 million to $148 million, with full-year 2025 revenue from existing contracts projected at $820 million to $824 million.

Oct 30, 2025, 2:00 PM

Transcript

InterDigital Reports Strong Q3 2025 Results, Record ARR, and Strategic Acquisitions

IDCC

Earnings

Revenue Acceleration/Inflection

M&A

InterDigital reported strong Q3 2025 financial results, with revenue up 28% year over year to $165 million, Adjusted EBITDA up 62% to $105 million, and non-GAAP EPS up 56% to $2.55.
The company achieved an all-time high annualized recurring revenue (ARR) of $588 million, a 49% year-over-year increase, driven by new license agreements including the completion of the Samsung smartphone arbitration and a new license with Honor, bringing 85% of the smartphone market under license.
InterDigital increased its dividend by 17% to $0.70 per share and returned over $130 million to shareholders year-to-date through dividends and share buybacks.
Strategic developments include the acquisition of AI startup Deep Render to accelerate AI native video research, and the initiation of enforcement proceedings against Transsion and a preliminary injunction against Disney.
For the full year 2025, the company expects revenue from existing contracts to be $820 to $824 million and non-GAAP diluted EPS to be $14.57 to $14.83.

Oct 30, 2025, 2:00 PM

Transcript

InterDigital Reports Strong Q3 2025 Results, Boosted by Licensing Deals and Deep Render Acquisition

IDCC

Earnings

Guidance Update

M&A

InterDigital reported strong financial results for Q3 2025, with revenue up 28% year over year to $165 million, Adjusted EBITDA up 62% to $105 million, and non-GAAP EPS up 56% to $2.55.
The company achieved an all-time high Annualized Recurring Revenue (ARR) of $588 million, a 49% increase year over year, driven by new license agreements including the completion of the Samsung smartphone arbitration and a new license with Honor, bringing 85% of the total smartphone market under license.
Strategic developments include the acquisition of AI startup Deep Render to accelerate AI native video research, the appointment of Julia Mattis as Chief Licensing Officer, and the initiation of enforcement proceedings against Transsion.
InterDigital increased its dividend by 17% to $0.70 per share and returned over $130 million in capital to shareholders year to date, including $35 million in buybacks in Q3 2025.
For the full year 2025, the company expects revenue from existing contracts to be between $820 million and $824 million, with a full-year adjusted EBITDA margin of 70% and non-GAAP diluted EPS between $14.57 and $14.83.

Oct 30, 2025, 2:00 PM

Transcript

InterDigital Announces Strong Q3 2025 Results and Strategic Developments

IDCC

Earnings

Guidance Update

M&A

InterDigital (IDCC) reported strong Q3 2025 financial results, with revenue of $164.7 million, Adjusted EBITDA of $104.9 million, and Diluted EPS of $1.93, all exceeding the top end of their increased outlook.
Annualized Recurring Revenue (ARR) reached an all-time high of $588 million, marking a 49% year-over-year increase, driven by record smartphone and CE, IoT/Auto ARR.
Key business developments include the completion of the Samsung smartphone arbitration, securing a new license agreement with a total contract value of $1.05 billion over 8 years, and new licenses with Honor, Sharp, Seiko, and an EV charger company.
The company acquired video AI start-up Deep Render to enhance its AI and video compression capabilities and appointed Julia Mattis as the new Chief Licensing Officer.
InterDigital provided a Q4 2025 revenue outlook of $144 million to $148 million and a full-year 2025 revenue outlook of $820 million to $824 million.

Oct 30, 2025, 2:00 PM

Presentation

InterDigital Announces Financial Results for Third Quarter 2025

IDCC

Earnings

Guidance Update

M&A

InterDigital reported Q3 2025 revenue of $164.7 million, a 28% year-over-year increase, and diluted EPS of $1.93, up 69% year-over-year. Non-GAAP EPS was $2.55, a 56% year-over-year increase.
Annualized recurring revenue reached an all-time high of $588 million, representing a 49% year-over-year increase.
Key business highlights include the completion of the Samsung smartphone arbitration, signing four new license agreements, and the acquisition of video AI start-up Deep Render.
The company provided an outlook for Q4 2025 revenue between $144 million and $148 million and diluted EPS between $0.72 and $0.95. The full year 2025 outlook projects revenue between $820 million and $824 million and diluted EPS between $11.27 and $11.50.
InterDigital returned $53.3 million to shareholders in Q3 2025, including $35.3 million in share repurchases and $18.0 million in dividends declared, with the dividend increased by 17% to $0.70 per share.

Oct 30, 2025, 12:32 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for InterDigital.

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