10-K · February 5, 2026
InterDigital positions itself as a pure R&D and patent-licensing leader in wireless, video and AI technologies, with a portfolio of >38,000 patents and a strategy focused on continued R&D investment, standards…
Earnings analysis · 10-Q
IDCC earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
InterDigital's Q1 2026 results show a slight decline in revenue to $205.4 million, missing the consensus estimates while EPS was reported at $2.14, also below expectations. Management highlighted significant…
Read full summary
InterDigital's Q1 2026 results show a slight decline in revenue to $205.4 million, missing the consensus estimates while EPS was reported at $2.14, also below expectations. Management highlighted significant contributions from new licensing agreements and reaffirmed its full-year guidance but noted an increase in operating expenses, largely driven by revenue share costs and legal enforcement actions.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.14
What stood out
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Revenue Decline
Q1 2026 revenue fell to $205.4 million from $210.5 million in Q1 2025, a decline of 2%.
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EPS Misses Estimates
Reported EPS of $2.14 was below the estimated EPS of $2.46.
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Catch-up Revenue Decreased
Total catch-up revenue was $63.6 million, down from $84.8 million in Q1 2025.
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Significant New Licensing Agreements
Entered into six new patent license agreements, boosting recurring revenue.
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Operating Expenses Increased
Operating expenses rose by $44.5 million to $123.2 million, a 57% increase year-over-year.
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Cash and Short-term Investments
Held $1.1 billion in cash and short-term investments as of March 31, 2026, down from $1.3 billion.
What to watch
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Increase in Operating Expenses
Operating expenses surged to $123.2 million versus $78.7 million in Q1 2025 due to higher revenue share costs and legal fees.
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Lower Catch-up Revenue Impact
Declining catch-up revenue may affect future earnings, with a drop of $21.2 million year-on-year.
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Intellectual Property Enforcement Costs
Increased legal costs related to IP enforcement could continue to constrain profitability.
Management's outlook
Full year 2026 guidance reiterated in light of new and existing agreements.
Earlier filings 4
10-Q · October 30, 2025
InterDigital reported Q3 revenue of $164,682,000, up 28% year-over-year (from $128,679,000) but down versus the prior quarter (Q2 2025 $301,000,000). GAAP diluted EPS was $1.93 (basic $2.62) versus $1.14 a year ago;…
10-Q · May 1, 2025
InterDigital reported Q1 2025 revenue of $210,507,000 and diluted EPS of $3.45. Revenue declined 20% year-over-year (from $263,542,000) but operating income improved to $131,832,000 (62.6% operating margin) and net…
10-K · February 6, 2025
InterDigital describes itself as a pure R&D and patent licensing company focused on wireless, video and AI technologies; it reported total revenues of $868.5 million in 2024 versus $549.6 million in 2023 and holds a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.