InterDigital Q3 revenue tops estimates on video services expansion

InterDigital

29/10/2026 12:41

Overview
Wireless and video technology R&D firm's Q3 revenue up 17% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company's results driven by new license agreements and expansion in video services

Outlook
InterDigital sees Q4 2026 revenue of $154 mln to $160 mln
Company expects full-year 2026 revenue of $813 mln to $819 mln
Company expects full-year 2026 non-GAAP EPS of $11.99 to $12.25

Result Drivers
CATCH-UP REVENUE - Co said Q3 results benefited from $36.2 mln in catch-up revenue, up from $17.7 mln in Q3 2025
NEW LICENSE AGREEMENTS - Co said new PC and IoT license deals contributed to Q3 revenue growth
RECURRING REVENUE - Record annualized recurring revenue of $629 mln supported overall results

Company press release: ID:nGNX1qMqjW

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$193.40 mln
$156.63 mln (4 Analysts)
Q3 Adjusted EPS
Beat
$3.11
$1.34 (4 Analysts)
Q3 EPS
 
$2.34
 
Q3 Net Income
 
$80.20 mln
 
Q3 Adjusted EBITDA
 
$131.30 mln
 
Q3 Adjusted EBITDA Margin
 
68.00%
 
Q3 Operating Expenses
 
$94.10 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 $463.46, about 44.6% above its October 28 closing price of $320.56
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 35 three months ago

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Oct 28 - Tenable Q3 revenue beats estimates; raises FY outlook

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(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.)