InterDigital Q1 revenue and adjusted EPS beat, helped by new licensing agreements

InterDigital

30/04/2026 13:40

Overview

Wireless and video tech R&D firm's Q1 revenue and adjusted EPS beat analyst expectations

Company signed six new agreements, including Xiaomi renewal and LG Electronics license

Q1 revenue fell 2% yr/yr as catch-up revenue declined and operating expenses rose

Outlook

InterDigital sees Q2 2026 revenue of $139 mln to $143 mln

Company expects full-year 2026 revenue of $675 mln to $775 mln

InterDigital reaffirms full-year 2026 guidance

Result Drivers

NEW LICENSING AGREEMENTS - Six new agreements, including Xiaomi renewal and LG Electronics license, contributed to record ARR and smartphone ARR

CATCH-UP REVENUE DECLINE - Lower catch-up revenue reduced overall revenue compared to prior year

HIGHER OPERATING EXPENSES - Operating expenses increased due to higher revenue share costs from the LG TV agreement and increased IP enforcement costs

Company press release: ID:nGNXD9HtD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$205.40 mln
$196.90 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$2.57
$1.71 (3 Analysts)
Q1 EPS
$2.14
Q1 Net Income
$75.30 mln
Q1 Adjusted EBITDA
$111.80 mln
Q1 Adjusted EBITDA Margin
54.00%
Q1 Operating Expenses
$123.20 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy."

Wall Street's median 12-month price target for InterDigital Inc is $450.00, about 27.6% above its April 29 closing price of $352.68

The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 49 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)