IDCC InterDigital, Inc.
Price Chart
Executive Summary
InterDigital reported Q1 2026 GAAP diluted EPS of $2.14 and revenue of $205.4M, with GAAP EPS missing the $2.52 consensus by 15.1% (a miss). However, non-GAAP EPS of $2.57 beat the consensus. Revenue was slightly above the $196.9M consensus but declined 2% YoY. The company reaffirmed full-year 2026 guidance, signed six new agreements including renewals with Xiaomi and LG, and reported record smartphone ARR of $491.8M (+18% YoY). The mixed results — GAAP miss vs. non-GAAP beat, revenue decline but strong ARR growth — create a nuanced picture for traders.
Key Financial Metrics
Actionable Insight
The GAAP EPS miss and 30% Adjusted EBITDA decline are negatives, but the non-GAAP EPS beat, record smartphone ARR, and reaffirmed full-year guidance provide support. Watch for Q2 guidance execution and any new licensing announcements — the stock may trade on the ARR trajectory vs. the headline GAAP miss. The $88M debt reduction and $114M total return of capital signal balance sheet strength.
Key Facts
- Q1 2026 GAAP diluted EPS $2.14 vs consensus $2.52 (15.1% miss)
- Q1 2026 non-GAAP EPS $2.57 vs consensus $2.52 (2.0% beat)
- Revenue $205.4M vs consensus $196.9M (4.3% beat), but down 2% YoY from $210.5M
- Annualized recurring revenue (ARR) $567.2M, up 13% YoY; smartphone ARR $491.8M (all-time high, +18% YoY)
- Catch-up revenue $63.6M, down 25% from $84.8M in Q1 2025
- Adjusted EBITDA $111.8M, down 30% YoY; margin 54% vs 76% a year ago
- Reaffirmed full-year 2026 guidance: revenue $675M-$775M, GAAP diluted EPS $5.77-$8.51, non-GAAP EPS $8.74-$11.84
- Q2 2026 guidance: revenue $139M-$143M, GAAP diluted EPS $0.80-$0.97, non-GAAP EPS $1.41-$1.60
- Signed six new agreements in Q1, including Xiaomi renewal and LG TV/display license
- Returned $114.3M to shareholders in Q1 via buybacks ($8.2M), dividends ($18.1M), and debt reduction ($88.0M)
Financial Impact
GAAP EPS miss of $0.38 (15.1%) vs consensus; non-GAAP EPS beat by $0.05 (2.0%). Revenue beat by $8.5M (4.3%) but declined 2% YoY. ARR growth of 13% YoY signals underlying licensing momentum.
Risk Factors
- GAAP EPS miss of 15.1% could pressure the stock near-term
- Revenue declined 2% YoY and catch-up revenue fell 25%, indicating lumpy licensing income
- Operating expenses surged 57% YoY, compressing margins (net margin 37% vs 55%)
- Q2 revenue guidance of $139M-$143M implies a sequential decline from Q1's $205.4M
- Convertible note structure adds complexity to EPS calculations; 6.0M warrants outstanding at $105.55 strike
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3284871 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
4d ago
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Insider Cluster
| $255.62 awaiting T+5 | awaiting T+5 | — | $283.73 (+11.00%) |
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Jun 8, 2026
4d ago
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Insider Cluster
| $255.62 awaiting T+5 | awaiting T+5 | — | $283.73 (+11.00%) |
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May 19, 2026
24d ago
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Press Release
| $264.79 $257.13 | ▼ −2.89% | ▼ −5.14% | $283.73 (+7.15%) |
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Apr 30, 2026
6w ago
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8-K
| $296.56 $278.00 | ▼ −6.26% | ▼ −7.99% | $283.73 (−4.33%) |
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Apr 30, 2026
6w ago
|
Press Release
| $296.56 $278.00 | ▼ −6.26% | ▼ −7.99% | $283.73 (−4.33%) |
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Apr 14, 2026
8w ago
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Press Release
| $352.32 $375.18 | ▲ +6.49% | ▲ +5.09% | $283.73 (−19.47%) |
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Apr 2, 2026
10w ago
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Press Release
| $312.24 $352.27 | ▲ +12.82% | ▲ +9.20% | $283.73 (−9.13%) |
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Apr 1, 2026
10w ago
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Press Release
| $305.71 $349.58 | ▲ +14.35% | ▲ +10.59% | $283.73 (−7.19%) |
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Mar 24, 2026
11w ago
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Press Release
| $310.36 $305.71 | ▼ −1.50% | ▼ −1.25% | $283.73 (−8.58%) |
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Feb 27, 2026
15w ago
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Insider Cluster
| $365.72 $356.27 | ▼ −2.58% | ▼ −0.60% | $283.73 (−22.42%) |
US Market Status
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