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 | Source: InterDigital, Inc.

WILMINGTON, Del., Sept. 09, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.70 to $0.75 per share.

The increase in the regular quarterly dividend will take effect beginning with the dividend paid in fourth quarter 2026. The Board of Directors also declared a regular quarterly cash dividend of $0.75 per share on its common stock, payable on October 28, 2026, to shareholders of record at the close of business on October 14, 2026.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
[email protected]
+1 (302) 300-1857

WILMINGTON, Del., Sept. 01, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, will showcase state-of-the-art video codec innovation at the International Broadcasting Convention (IBC), taking place in Amsterdam from September 11 – 14, 2026. InterDigital will demonstrate at IBC alongside NHK (Japan Broadcasting Corporation), Japan’s sole public service media organization, and Media Coding Industry Forum (MC-IF) partners, spotlighting enhancements to the Versatile Video Coding (VVC) standard to deliver premium, high-quality streaming experiences.

VVC Multilayer Coding

At IBC 2026, InterDigital and NHK will demonstrate two aspects of the VVC Multilayer Main 10 profile, specifically content overlay and spatial/quality scalability. The demonstration is powered by a VVC multilayer software decoder.

The content layering approach demonstrated by NHK shows content personalisation enabled by VVC multilayer and MPEG-H 3D audio coding, highlighting the technology’s ability to switch video and audio in a coordinated manner to empower richer user experiences. By reframing the base layer and overlaying additional content, like captions or sign language translations, in an enhancement layer, users can choose between viewing the base or a selected enhanced experience. The contributions to scalability made by InterDigital demonstrate how a VVC enhancement layer can deliver significant improvements in quality in broadcast and streaming applications, offering greater efficiency than independent encoding.

This joint demonstration is aligned with the VVC multilayer coding verification test, published in April 2026, as MPEG document AG 5 N208. Read the document here.

Learn more about NHK here.

Experience Streaming Excellence at the MC-IF booth

At the MC-IF booth in Hall 2.B13, MC-IF members including InterDigital, in collaboration with NHK, will demonstrate new features and capabilities of VVC. Together, MC-IF members will highlight how the industry is embracing VVC as the foundation for next-generation video delivery at scale, as the codec moves from development and early ecosystem experimentation to commercial deployment at national scale in countries like Brazil.

To register and learn more about IBC, please click here.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Roya Stephens
Email: [email protected]
+1 (202) 349-1714

Shares of InterDigital (IDCC - Free Report) have gained 31.9% over the past four weeks to close the last trading session at $344.32, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $434.67 indicates a potential upside of 26.2%.

The mean estimate comprises three short-term price targets with a standard deviation of $36.47. While the lowest estimate of $404.00 indicates a 17.3% increase from the current price level, the most optimistic analyst expects the stock to surge 38% to reach $475.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for IDCC, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in IDCCAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 31.7% over the past month, as two estimates have gone higher compared to no negative revision.

Moreover, IDCC currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much IDCC could gain, the direction of price movement it implies does appear to be a good guide.

WILMINGTON, Del., Aug. 19, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that the company will be presenting at the 2026 Midwest IDEAS Conference on Wednesday, August 26th, 2026, at 9:35 AM ET.

Posted by Defense World Staff on Aug 10th, 2026

InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total value of $487,320.00. Following the completion of the transaction, the chief technology officer owned 66,516 shares of the company’s stock, valued at approximately $21,609,718.08. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rajesh Pankaj also recently made the following trade(s):

On Monday, July 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $286.00, for a total value of $429,000.00. On Thursday, June 11th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $290.00, for a total value of $435,000.00. On Friday, June 5th, Rajesh Pankaj sold 750 shares of InterDigital stock. The shares were sold at an average price of $258.38, for a total value of $193,785.00. InterDigital Price Performance Shares of IDCC opened at $344.56 on Monday. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 39.74 and a beta of 1.43. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The company’s fifty day simple moving average is $277.69 and its 200 day simple moving average is $311.56. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same period in the prior year, the firm posted $6.52 earnings per share. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, research analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is 32.30%.

Institutional Trading of InterDigital Several hedge funds and other institutional investors have recently modified their holdings of IDCC. Amundi grew its position in InterDigital by 0.3% in the 4th quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock worth $3,210,000 after purchasing an additional 30 shares in the last quarter. Keybank National Association OH lifted its stake in InterDigital by 4.5% in the first quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock valued at $213,000 after purchasing an additional 30 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in InterDigital by 2.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after purchasing an additional 39 shares during the period. MGO One Seven LLC grew its holdings in InterDigital by 5.2% during the fourth quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock valued at $266,000 after purchasing an additional 41 shares during the period. Finally, Abel Hall LLC increased its position in InterDigital by 5.0% in the fourth quarter. Abel Hall LLC now owns 879 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 42 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes IDCC has been the topic of several research analyst reports. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, InterDigital has an average rating of “Buy” and a consensus target price of $416.67.

Read Our Latest Stock Analysis on IDCC

InterDigital Company Profile (Get Free Report)

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.

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Key Takeaways IDCC beat Q2 estimates and raised 2026 revenue guidance, lifting the midpoint by $85 million.InterDigital's annualized recurring revenue hit a record $626 million, up 13% year over year.IDCC is expanding licensing beyond smartphones through cloud, streaming and IoT agreements. InterDigital, Inc. (IDCC - Free Report) has strengthened its investment case with another quarter of better-than-expected financial results, rising recurring revenue and higher full-year guidance. At the same time, investors must weigh those positives against a premium valuation and the inherent volatility of a licensing-driven business.

The company's expanding presence in streaming, cloud services and Internet of Things (IoT) markets also suggests its long-term growth story extends well beyond traditional smartphone licensing.

Why IDCC Beat ExpectationsInterDigital delivered a strong second quarter, reporting revenue of $260.2 million and non-GAAP earnings per share of $4.62, both comfortably ahead of expectations. Although reported revenue declined year over year due to licensing timing, the quarter reflected solid operating execution. Management also raised its full-year 2026 revenue outlook to a range of $775 million to $845 million, increasing the midpoint by $85 million. 

Another encouraging indicator was recurring revenue. Annualized recurring revenue reached a record $626 million, up 13% from a year earlier, demonstrating continued progress toward building a more predictable licensing business. The combination of stronger recurring revenue and higher guidance reinforces confidence in the company's operating momentum despite quarter-to-quarter fluctuations in reported licensing revenue. 

How InterDigital Supports Long-Term GrowthInterDigital continues to diversify its licensing base beyond smartphones. Recent agreements with Amazon covering devices and services, including Prime Video, along with new IoT licensing agreements involving a leading fintech company and KEBA, expand the company's recurring royalty opportunities across cloud services, streaming and connected devices.

The company also benefits from healthy cash generation and a strong balance sheet. At June 30, 2026, InterDigital held more than $1.1 billion in cash and short-term investments, providing ample financial flexibility to fund research, pursue intellectual property development, support shareholder returns and continue patent enforcement activities.

Companies such as QUALCOMM Incorporated (QCOM - Free Report) and Nokia Corporation (NOK - Free Report) also rely on intellectual property licensing to generate recurring revenue, highlighting the value of diversified patent portfolios in the communications technology industry.

What Could Limit IDCC UpsideDespite favorable business trends, several risks could temper future returns. Customer concentration remains significant, making results sensitive to negotiations with a relatively small number of major licensees. Revenue can also fluctuate depending on the timing of licensing renewals, new agreements and arbitration outcomes.

In addition, intellectual property enforcement requires ongoing legal spending, while maintaining leadership in wireless, video and artificial intelligence technologies demands continued research investment. Because large licensing agreements may not occur evenly from quarter to quarter, earnings volatility is likely to remain a characteristic of the business model.

Does InterDigital's Valuation Still Make SenseThe investment case now rests on balancing premium valuation against improving fundamentals. According to the latest research report, the shares trade at approximately 25.6 times trailing earnings and 9.9 times trailing sales. The report also carries a 6–12-month price target of $348.83, reflecting expectations that expanding recurring licensing revenue and continued execution could support additional earnings growth over time.

Investors should recognize, however, that premium valuation multiples leave less room for operational missteps. Continued execution on recurring revenue growth, licensing expansion and management's updated outlook will likely remain important factors supporting the company's longer-term valuation.

How IDCC's Ratings Support the Investment CaseOverall, InterDigital presents a favorable combination of improving operating performance, expanding licensing opportunities and strong financial resources, although investors should remain mindful of the risks associated with a licensing-focused business model.

The stock currently sports a Zacks Rank #1 (Strong Buy), reflecting positive earnings estimate momentum and a favorable near-term outlook. You can see the complete list of today’s Zacks #1 Rank stocks here. At the same time, its Value Score of D, Growth Score of C, Momentum Score of F and VGM Score of F indicate that valuation and recent share-price characteristics are less compelling than its earnings outlook. Together, these measures suggest investors should evaluate the company's strong business fundamentals alongside its valuation and momentum profile when assessing the stock.

Key Takeaways IDCC beat Q2 2026 revenue and earnings estimates despite year-over-year declines in sales and profit.IDCC's Amazon licensing agreement lifted Streaming and Cloud Services revenues to $110 million.InterDigital expects 2026 revenues of $775-$845 million and non-GAAP EPS of $10.85-$12.81. InterDigital, Inc. (IDCC - Free Report) reported relatively healthy second-quarter 2026 results, with both top and bottom lines beating the Zacks Consensus Estimate.

The company’s strong execution across the licensing business, including the Amazon agreement and higher recurring revenues, drove the quarterly performance. However, lower smartphone and CE, IoT/Auto licensing revenues, along with higher operating costs, weighed on overall sales and earnings.

Net IncomeOn a GAAP basis, net income in the reported quarter declined to $116.4 million or $3.40 per share from $180.6 million or $5.35 per share in the prior-year quarter, primarily due to lower net sales and higher operating expenses, including increased intellectual property enforcement costs and share-based compensation.

Non-GAAP net income was $141.4 million or $4.62 per share compared with $195.3 million or $6.52 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $1.60 per share.

RevenuesQuarterly revenues decreased to $260.2 million from the year-ago quarter’s tally of $300.6 million. However, the top line beat the Zacks Consensus Estimate of $144 million.

In the second quarter, smartphone revenues declined to $122.7 million from $235.1 million a year ago, owing to the timing of licensing revenue recognition. CE, IoT/Auto group revenues declined 58% year over year to $27.5 million due to lower licensing agreements. Streaming and Cloud Services generated $110 million in revenues during the quarter, driven by the new Amazon licensing agreement covering streaming services and devices.

Annualized recurring revenues increased 13% year over year to $625.7 million, while catch-up revenues declined to $103.7 million from $162.3 million a year ago.

Other DetailsAdjusted EBITDA declined to $184.1 million from the prior-year figure of $236.7 million. Total operating expenses increased to $120.9 million from $95.2 million in the year-ago quarter, reflecting higher IP enforcement costs and share-based compensation. Operating income decreased to $139.2 million from $205.4 million in the year-earlier quarter due to high operating expenses.

Cash Flow & LiquidityIn the second quarter, InterDigital generated $82.5 million in cash from operations compared with $105.1 million in the year-earlier quarter. During the first six months of 2026, the company generated $98.6 million in cash compared with $85.1 million in the year-ago period. As of June 30, 2026, it had $1.11 billion in cash, cash equivalents and short-term investments, with $72.4 million of long-term debt and other liabilities.

OutlookFor the third quarter of 2026, InterDigital estimates revenues between $154 million and $158 million. Adjusted EBITDA is estimated in the band of $86-$92 million. Non-GAAP earnings are expected to be in the range of $1.94-$2.13 per share.

For 2026, the company currently expects revenues in the range of $775-$845 million, up from the earlier projection of $675-$775 million. Adjusted EBITDA is currently projected to be in the range of $469-$529 million, up from the earlier guidance of $381-$477 million. IDCC expects non-GAAP earnings in 2026 in the band of $10.85-$12.81 per share compared with $8.74-$11.84 in the previous quarter.

Zacks RankInterDigital stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Upcoming ReleasesArista Networks Inc. (ANET - Free Report) is scheduled to release second-quarter 2026 earnings on Aug. 4. The Zacks Consensus Estimate for earnings is pegged at 89 cents per share, suggesting growth of 21.92% from the year-ago reported figure.

Arista has a long-term earnings growth expectation of 19.86%. The company delivered an average earnings surprise of 8.31% in the last four reported quarters.

Motorola Solutions, Inc. (MSI - Free Report) is set to release second-quarter 2026 earnings Aug. 5. The Zacks Consensus Estimate for earnings is pegged at $3.86 per share, implying growth of 8.12% from the year-ago reported figure.

Motorola has a long-term earnings growth expectation of 9.47%. The company delivered an average earnings surprise of 5.17% in the last four reported quarters.

HubSpot, Inc. (HUBS - Free Report) is scheduled to release second-quarter 2026 earnings on Aug. 5. The Zacks Consensus Estimate for earnings is pegged at $3.02 per share, suggesting growth of 37.9% from the year-ago reported figure.

HubSpot has a long-term earnings growth expectation of 20.84%. The company delivered an average earnings surprise of 4.97% in the last four reported quarters.

3 Sector ETFs Catching Fire After Earnings BeatsInterDigital NASDAQ: IDCC reported second-quarter 2026 results that exceeded its prior outlook, supported by growth in recurring licensing revenue and a new patent-license agreement with Amazon covering devices and services, including Prime Video.

Revenue totaled $260.2 million for the quarter, above the company’s guidance range of $139 million to $143 million. Adjusted EBITDA was $184.1 million, compared with prior guidance of $67 million to $73 million, while non-GAAP diluted earnings per share reached $4.62, above the company’s forecast of $1.41 to $1.60.

Get InterDigital alerts:

2 Sizzling Mid-Caps That Could Stay Hot This SummerThe company raised its full-year 2026 revenue guidance to a range of $775 million to $845 million, from a previous range of $675 million to $775 million. It now expects adjusted EBITDA of $469 million to $529 million and non-GAAP EPS of $10.85 to $12.81.

Amazon Agreement Supports Streaming Strategy President and CEO Liren Chen said InterDigital’s annualized recurring revenue rose 13% from a year earlier to a record $625.7 million, keeping the company on track toward its stated goal of more than $1 billion in ARR by 2030.

InterDigital Raises Its Earnings GuidanceA key development during the period was an agreement for Amazon to enter into a patent license covering its devices and services, including Prime Video. Final terms, including the value of the agreement, will be determined through binding arbitration, which InterDigital expects to take roughly 18 to 24 months. The agreement also resolved all pending litigation between the companies.

Chen characterized the arrangement as an important milestone for the company’s streaming and cloud-services licensing program, which InterDigital has said could generate more than $300 million in ARR by 2030.

Chief Financial Officer Rich Brezski said the company recognizes Amazon-related revenue under GAAP using a conservative estimate of the consideration it expects to receive while arbitration is pending. If the final award differs from cumulative revenue recognized during the process, InterDigital will record an adjustment after the award is finalized.

Brezski said the approach is similar to the company’s treatment of its Samsung license while that agreement’s final terms were being arbitrated. InterDigital currently expects any eventual adjustment tied to Amazon to be more likely to increase, rather than reduce, revenue already recognized, though he said the arbitration outcome cannot be assured.

Quarterly Revenue Included Catch-Up Payments Second-quarter revenue included $103.7 million of catch-up revenue. By licensing program, smartphone revenue was $122.7 million, consumer electronics, Internet of Things and automotive revenue was $27.5 million, and streaming and cloud services contributed $110 million.

GAAP diluted EPS was $3.40. The company generated $82.5 million in cash from operations and $66.6 million in free cash flow, which Brezski said was consistent with expectations for collections on receivables associated with agreements signed in the first quarter.

Operating expenses increased $25.8 million from a year earlier, primarily due to higher intellectual-property enforcement costs and performance-based compensation, Brezski said. Despite those costs, adjusted EBITDA margin was 71%, compared with the roughly 50% margin implied by the company’s prior outlook.

InterDigital returned $41.1 million to shareholders during the quarter, including $23 million in share repurchases and $18 million in dividends. It ended the quarter with $1.1 billion in cash equivalents and short-term investments.

Disney Injunctions and Additional Licensing Deals Chen also highlighted progress in InterDigital’s enforcement actions against Disney. During the quarter, Europe’s Unified Patent Court granted an injunction after finding that Disney infringed a patent related to HEVC video-encoding technology and confirming the patent’s validity, according to the company. The ruling applies across 11 European Union countries, including France, Germany, Italy and the Netherlands.

InterDigital said it received a second UPC injunction against Disney last week involving another HEVC video-encoding patent. Chen said the court again found Disney to be an unwilling licensee and found that InterDigital had acted fairly in licensing negotiations. The company said it is working with the court to enforce the injunctions and believes they will help support a long-term license agreement with Disney.

During the question-and-answer session, Chen said InterDigital was continuing negotiations with other major subscription-video-on-demand and advertising-supported streaming providers. He said the company prefers bilateral negotiations over litigation and did not provide an update on potential additional enforcement actions.

Outside streaming, InterDigital signed a new IoT licensing agreement with a fintech company covering point-of-sale devices and its cellular and Wi-Fi patents. After the quarter ended, it also signed a license with EV-charger maker KEBA covering cellular and Wi-Fi technology.

Third-Quarter Outlook For the third quarter, InterDigital expects $154 million to $158 million in revenue from existing contracts. Revenue from any new agreements or enforcement decisions would be additive, Brezski said. Based solely on existing contracts, the company expects an adjusted EBITDA margin of approximately 57% and non-GAAP diluted EPS of $1.94 to $2.13.

Brezski said InterDigital also expects another strong quarter of free cash flow, driven by scheduled payments under existing agreements. He added that moving the Amazon matter to arbitration could make enforcement more efficient than a multi-jurisdictional litigation campaign, although the company continues to have other enforcement actions underway.

About InterDigital (NASDAQ:IDCC)InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company's principal services include patent licensing, technology evaluation and consulting.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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First Streaming and Cloud Services agreement drives Q2 results above outlook
Annualized recurring revenue1 at all-time high of $626 million, up 13% YoY
Company raises full year 2026 revenue outlook by $85 million

WILMINGTON, Del., July 30, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video, and AI technology research and development company, today announced results for the quarter ended June 30, 2026.

“We have delivered another outstanding quarter, with continued momentum across our business, including our new agreement with Amazon, driving annualized recurring revenue1 to a record $626 million,” commented Liren Chen, InterDigital CEO and President. “Building on the strength of our second quarter results, the increased business momentum, and the opportunity to make more progress over the balance of this year, we have raised the full year 2026 guidance to between $775 million and $845 million, an increase of $85 million at the midpoint.”

Recent Business Highlights

Reached agreement with Amazon, covering Amazon’s services and devices, including Amazon Prime Video, with final terms to be determined by binding arbitrationSigned new IoT license agreement with a leading fintech company covering point-of-sale devicesAwarded two injunctions against Disney from Europe’s Unified Patent Court covering eleven countriesAnnualized recurring revenue1 ("ARR") increased 13% year-over-year from $553.1 million to $625.7 million Second Quarter 2026 Financial Summary:

Second quarter 2026 revenue included $103.7 million of catch-up revenue, compared with $162.3 million of catch-up revenue in second quarter 2025. Operating expenses increased $25.8 million primarily due to increases in intellectual property enforcement costs and share-based compensation driven by business successes.

 Three Months Ended June 30,($ in millions, except per share data)2026
 2025
 ChangeGAAP Results:     Revenue$260.2 $300.6 (13)%Operating expenses$120.9 $95.2 27%Net income$116.4 $180.6 (36)%Net income margin45% 60% (15) pptDiluted EPS$3.40 $5.35 (36)%Non-GAAP Results:     Adjusted EBITDA2$184.1 $236.7 (22)%Adjusted EBITDA margin271% 79% (8) pptNon-GAAP Net income3$141.4 $195.3 (28)%Non-GAAP EPS3$4.62 $6.52 (29)%Additional Information:     Revenue by type:     Annualized recurring revenue1$625.7 $553.1 13%Catch-up revenue$103.7 $162.3 (36)%Revenue by program:     Smartphone$122.7 $235.1 (48)%CE, IoT/Auto$27.5 $65.3 (58)%Streaming and Cloud Services$110.0 $— N/MOther$— $0.2 (100)%      N/M         Not meaningful     
Return of Capital 

(in millions, except per share data)
Share Repurchases Dividends Declared Total Return
of Capital
Shares Value Per Share Value Second quarter 2026<0.1 $23.0 $0.70 $18.1 $41.1
Near Term Outlook

The Company raised its full year 2026 outlook and provided an initial outlook for third quarter 2026 in the table below. The outlook for third quarter 2026 covers existing licenses and does not include any new agreements or enforcement action results we may sign or receive over the balance of the third quarter. The outlook for full year 2026 includes both existing licenses and the expected contributions from new agreements and/or enforcement actions we may receive over the balance of the year.

   Full Year 2026(in millions, except per share data)Q3 2026 Current PriorRevenue$154 - $158 $775 - $845 $675 - $775Adjusted EBITDA2$86 - $92 $469 - $529 $381 - $477Diluted EPS$1.25 - $1.42 $7.91 - $9.67 $5.77 - $8.51Non-GAAP EPS3$1.94 - $2.13 $10.85 - $12.81 $8.74 - $11.84
Convertibility of 2027 Notes

Pursuant to the terms of the Indenture governing InterDigital’s 3.50% Senior Convertible Notes due 2027 (the “Notes”), the Notes are convertible during the calendar quarter ending September 30, 2026. The current conversion rate of the Notes is 13.0351 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes.

Upon the conversion of any Notes, InterDigital will pay cash up to the aggregate principal amount of the Notes to be converted, and will pay cash, shares of its Common Stock or a combination of cash and shares of its Common Stock for any conversion obligation in excess of the aggregate principal amount being converted, if any, at InterDigital’s election, as set forth in the Indenture governing the Notes.

At the time InterDigital issued the Notes, InterDigital entered into call spread transactions that together were designed to have the economic effect of reducing the net number of shares that will be issued in the event of conversion of the Notes by, in effect, increasing the conversion price of the Notes from InterDigital’s economic standpoint from $76.72 to $105.43. In connection with the Notes issuance, we also issued warrants to acquire, subject to customary anti-dilution adjustments, approximately 6.0 million shares of common stock. Refer to "Management's Discussion and Analysis of Financial Condition and Results of Operations - Notes, Hedge, and Warrant Transactions" in InterDigital’s Form 10-Q for the quarter ended June 30, 2026 for more information.

As of June 30, 2026, $380.0 million in principal of the 2027 Notes remains outstanding, of which holders have elected to convert $80.3 million principal amount, which will settle in third quarter 2026. No incremental outstanding shares will result from such conversions due to the offsetting impact of hedging arrangements.

As of June 30, 2026, warrants to acquire 6.0 million shares of common stock remain outstanding at a strike price of $105.43, subject to adjustment, which mature on a net-share basis beginning September 2027 through April 2028.

Conference Call Information

InterDigital will host a conference call on Thursday, July 30, 2026 at 10:00 a.m. ET to discuss its second quarter 2026 financial performance and other company matters.

For a live webcast of the conference call visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the webcast option.

See below for dial-in details to join the call telephonically:
USA - Toll-Free (800) 715-9871
USA / International Toll +1 (646) 307-1963
Conference ID 5903891 or Conference Name

A replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit the InterDigital website: www.interdigital.com.

For additional financial measures, refer to our second quarter 2026 Form 10-Q and the financial metrics tracker, which are available on the Investor Relations section of our website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” "outlook," “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements, including but not limited to statements regarding our outlook for Q3 and full year 2026, are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays or difficulties in the execution of patent license agreements on acceptable terms or at all; (ii) our ability to expand our revenue opportunities by entering into licensing arrangements with streaming and cloud-based service providers; (iii) the initiation of new legal proceedings or the resolution of ongoing legal proceedings, including any awards or judgments relating to such proceedings, and changes in the schedules or costs associated therewith; (iv) our ability to maintain a strong patent portfolio and make strategic decisions related to our intellectual property protection; (v) our ability to successfully integrate Deep Render and to recognize the anticipated benefits of the transaction; (vi) the failure of markets for our technologies to materialize to the extent that we expect; (vii) our continued ability to develop new technologies; (viii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the One Big Beautiful Bill Act, the 2017 Tax Cuts and Jobs Act and other U.S. and non-U.S. tax laws and other tax matters; (ix) the timing and impact of potential regulatory, administrative and legislative matters; (x) the potential effects of macroeconomic conditions or global conflicts; (xi) our ability to hire and retain key personnel; (xii) operational risks, including cybersecurity events, human failures or other difficulties with our information technology systems; and (xiii) risks related to any new accounting standards or our estimates, assumptions and the application of relevant accounting standards, including with respect to revenue recognition.

You should not place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this release. We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.

Footnotes

1   Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targets. ARR is not a projection or forecast, and actual recurring revenue for any 12-month period will depend on a number of factors beyond our ability to predict or control, including those risks and uncertainties listed above. Additionally, ARR may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

2   Adjusted EBITDA and Adjusted EBITDA margin are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the Company's ongoing business performance. InterDigital defines Adjusted EBITDA as net income plus income tax (provision) benefit, other income, net & interest expense, depreciation and amortization, share-based compensation, and other items. Other items include restructuring costs, impairment charges and other non-recurring items. Adjusted EBITDA margin is Adjusted EBITDA over total revenue. These non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure is provided below.

3   Non-GAAP net income, Non-GAAP EPS, and Non-GAAP weighted-average diluted shares are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the Company's ongoing business performance. InterDigital defines Non-GAAP net income as net income plus share-based compensation, acquisition related amortization, restructuring costs, impairment charges and one-time adjustments, losses on extinguishments of long-term debt, the related income tax effect of the preceding items, and adjustments to income taxes. Non-GAAP EPS is defined as Non-GAAP net income divided by Non-GAAP weighted-average diluted shares, which adjusts the weighted-average number of common shares outstanding for the dilutive effect of the Company's convertible notes, offset by our hedging arrangements. InterDigital’s computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below.

SUMMARY CONSOLIDATED STATEMENTS OF INCOME
(in thousands except per share data)
(unaudited)
     Three Months Ended
June 30, Six Months Ended
June 30, 2026
 2025
 2026
 2025
Revenue$260,170  $300,596  $465,586  $511,103 Operating expenses:       Research and portfolio development 56,407   53,674   112,242   101,104 Licensing 34,725   23,909   86,844   41,586 General and administrative 29,799   17,586   45,000   31,154 Total operating expenses 120,931   95,169   244,086   173,844         Income from operations 139,239   205,427   221,500   337,259         Interest expense (8,583)  (9,537)  (17,650)  (19,408)Other income, net 12,722   15,144   19,322   25,402 Income before income taxes 143,378   211,034   223,172   343,253 Income tax provision (27,006)  (30,466)  (31,471)  (47,083)Net income$116,372  $180,568  $191,701  $296,170         Net income per common share:       Basic$4.51  $6.97  $7.44  $11.47 Diluted$3.40  $5.35  $5.51  $8.81 Weighted-average number of common shares outstanding:       Basic 25,831   25,917   25,776   25,829 Diluted 34,260   33,725   34,770   33,615         Cash dividends declared per common share$0.70  $0.60  $1.40  $1.20  SUMMARY CONSOLIDATED CASH FLOWS
(in thousands)
(unaudited)
     Three Months Ended
June 30, Six Months Ended
June 30, 2026
 2025
 2026
 2025
Cash flows from operating activities:       Net income$116,372  $180,568  $191,701  $296,170 Non-cash adjustments 72,766   18,981   195,477   17,536 Working capital changes (106,602)  (94,431)  (288,561)  (228,577)Net cash provided by operating activities 82,536   105,118   98,617   85,129 Cash flows from investing activities:       Net sales, maturities, and purchases of short-term investments (17,714)  (68,178)  12,061   17,987 Capitalized expenditures and patent costs (15,937)  (13,550)  (31,015)  (40,207)Long-term investments —   —   1,709   — Net cash used in investing activities (33,651)  (81,728)  (17,245)  (22,220)Cash flows from financing activities:       Payments on long-term debt and warrants (2)  —   (88,019)  (1,284)Repurchase of common stock (22,981)  (26,168)  (31,146)  (31,417)Dividends paid (18,106)  (15,577)  (36,086)  (27,134)Other (1,003)  (924)  (56,006)  (25,785)Net cash used in financing activities (42,092)  (42,669)  (211,257)  (85,620)Net increase (decrease) in cash, cash equivalents, and restricted cash 6,793   (19,279)  (129,885)  (22,711)Cash, cash equivalents, and restricted cash, beginning of period 617,590   548,115   754,268   551,547 Cash, cash equivalents, and restricted cash, end of period$624,383  $528,836  $624,383  $528,836  SUMMARY CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
       June 30, 2026
 December 31, 2025
Assets     Cash, cash equivalents, and short-term investments$1,112,411  $1,243,160 Accounts receivable 193,001   69,816 Prepaid and other current assets 91,151   74,994 Property & equipment and patents, net 339,843   342,469 Other long-term assets, net 455,686   333,851 Total assets$2,192,092  $2,064,290 Liabilities and Shareholders' equity     Current portion of long-term debt$378,239  $458,376 Current deferred revenue 325,740   193,722 Other current liabilities 97,091   100,404 Long-term deferred revenue 116,472   135,882 Long-term debt & other long-term liabilities 72,381   74,786 Total liabilities 989,923   963,170 Total shareholders' equity 1,202,169   1,101,120 Total liabilities and shareholders' equity$2,192,092  $2,064,290  RECONCILIATION OF NON-GAAP MEASURES

The following tables present InterDigital's GAAP financial measures reconciled to the non-GAAP financial measures included in this release for the second quarter ended June 30, 2026 and 2025:

 Three Months Ended
June 30, Six Months Ended
June 30, (in thousands) (in thousands) 2026
 2025
 2026
 2025
Net income$116,372  $180,568  $191,701  $296,170 Income tax provision 27,006   30,466   31,471   47,083 Other income, net & interest expense (4,139)  (5,607)  (1,672)  (5,994)Depreciation and amortization 19,482   19,465   38,690   37,678 Share-based compensation 24,103   11,836   34,442   21,334 Other items(a) 1,255   —   1,255   (483)Adjusted EBITDA2$184,079  $236,728  $295,887  $395,788   Three Months Ended
June 30, Six Months Ended
June 30, (in thousands, except
for per share data) (in thousands, except
for per share data) 2026
 2025
 2026
 2025
Net income$116,372  $180,568  $191,701  $296,170 Share-based compensation 24,103   11,836   34,442   21,334 Acquisition related amortization 8,000   8,900   15,978   17,550 Other operating items(a) 1,255   —   1,255   (483)Other non-operating items(b) (967)  —   (967)  — Related income tax effect of above items (6,802)  (4,355)  (10,649)  (8,065)Adjustments to income taxes (563)  (1,667)  (10,967)  (5,566)Non-GAAP net income3$141,398  $195,282  $220,793  $320,940         Weighted-average dilutive shares - GAAP 34,260   33,725   34,770   33,615 Less: Dilutive impact of the Convertible Notes 3,669   3,791   4,033   3,731 Weighted-average dilutive shares - Non-GAAP3 30,591   29,934   30,737   29,884         Diluted EPS$3.40  $5.35  $5.51  $8.81 Non-GAAP EPS3$4.62  $6.52  $7.18  $10.74  (a)   Other items in the above tables include one-time expenses related to litigation fee reimbursements in three and six months ended June 30, 2026, compared to one-time contra-expenses related to litigation fee reimbursements in six months ended June 30, 2025.
(b)   Other non-operating items includes gains from observable price changes of our long-term strategic investments.

The following tables present a reconciliation between GAAP and non-GAAP versions of the estimated financial measures for the third quarter of 2026 and full year fiscal 2026 included in this release:

 Outlook (in millions)   Full Year 2026 Q3 2026
 Current PriorNet income$42 - $48  $270 - $330  $202 - $298 Income tax provision11  59  48 Other income, net & interest expense—  (1) (4)Depreciation and amortization20  79  80 Share-based compensation13  61  52 Other items—  1  3 Adjusted EBITDA2$86 - $92  $469 - $529  $381 - $477   Outlook (in millions)   Full Year 2026 Q3 2026 Current PriorNet income$42 - $48  $270- $330  $202- $298 Share-based compensation13  61  52 Acquisition related amortization8  32  32 Other operating items—  1  3 Other non-operating items—  (1) — Related income tax effect of above items(4) (20) (18)Adjustments to income taxes—  (11) — Non-GAAP net income3$59 - $65  $332 - $392  $271 - $367       Weighted-average dilutive shares - GAAP33.7  34.1  35.0 Less: Dilutive impact of the Convertible Notes3.3  3.5  4.0 Weighted-average dilutive shares - Non-GAAP330.4  30.6  31.0       Diluted EPS$1.25 - $1.42  $7.91 - $9.67  $5.77 - $8.51 Non-GAAP EPS3$1.94 - $2.13  $10.85 - $12.81  $8.74 - $11.84  CONTACT:InterDigital, Inc. Email: [email protected] +1 (302) 300-1857

July 23, 2026 04:34 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., July 23, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that it has been awarded another injunction against Disney by the Unified Patent Court (UPC). The UPC is a pan-European patent court which issues decisions that apply across multiple countries in the European Union (EU).

The Düsseldorf Local Division of the UPC ruled that InterDigital is entitled to an injunction over Disney’s infringement of an InterDigital patent covering certain video encoding techniques related to HEVC and confirmed the validity of this patent. The injunction against Disney spans 11 EU countries, including France, Germany and Italy. Disney can appeal the decision.

The judgment from the Düsseldorf court is the second injunction related to encoding for HEVC that InterDigital has received from the UPC against Disney.

Other injunctions have been issued by national courts in Germany and Brazil over Disney’s infringement of InterDigital’s intellectual property related to high dynamic range (HDR) technology, the dynamic overlaying of multiple video streams, casting video content over different devices, and additional compression technologies related to HEVC and AVC.

“Encoding for HEVC is a key component of the high-quality, premium viewing experience that streaming companies like Disney use to justify higher subscription prices,” said Josh Schmidt, Chief Legal Officer, InterDigital. “InterDigital has invested heavily in the development of advanced video encoding technologies and we remain committed to receiving a fair return for Disney’s ongoing use of our patented innovations.”

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: [email protected]
+1 (202) 349-1716

WILMINGTON, Del., July 22, 2026 (GLOBE NEWSWIRE) -- As the world prepares for billions of new connected devices, autonomous systems, and immersive experiences that will demand more intelligent, more efficient, and more adaptive networks, InterDigital, Inc. (Nasdaq: IDCC) is revealing the expertise shaping the future of 6G in the new docu-film, “Built on Innovation: InterDigital and the Future of Connectivity.

July 14, 2026 08:30 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., July 14, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that the company will release its second quarter 2026 financial results before the market open on Thursday, July 30, 2026.

InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance.

For a live webcast of the conference call visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the webcast option.

See below for dial-in details to join the call telephonically:
USA - Toll-Free (800) 715-9871
USA / International Toll +1 (646) 307-1963
Conference ID 5903891 or Conference Name

A replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
[email protected]
+1 (302) 300-1857

July 10, 2026 16:30 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., July 10, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC) (the “Company” or “InterDigital”) announced today an adjustment to the conversion rate applicable to its 3.50% Senior Convertible Notes due 2027 (the “Notes”). In connection with the upcoming payment of the Company’s regular quarterly cash dividend previously announced by the Company on June 11, 2026, the conversion rate for the Notes increased to 13.0351 shares of the Company’s common stock per $1,000 principal amount of Notes effective July 8, 2026, the ex-dividend date for the quarterly cash dividend.

About InterDigital

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
[email protected]
+1 (302) 300-1857

June 16, 2026 06:30 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., June 16, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced it has been awarded another injunction against Disney by a court in Europe.

The Mannheim Local Division of the Unified Patent Court (UPC) ruled that InterDigital is entitled to an injunction over Disney’s infringement of an InterDigital patent covering certain video encoding techniques related to HEVC and confirmed the validity of this patent. The UPC is a pan-European patent court which issues decisions that apply across multiple countries in the European Union (EU); here, the injunction against Disney spans 11 EU countries. Disney can appeal the decision.

The judgment from the Mannheim court is the first injunction InterDigital has received from the UPC against Disney. Other injunctions have been issued by courts in Germany and Brazil for Disney’s infringement of InterDigital’s intellectual property related to high dynamic range (HDR) technology, the dynamic overlaying of multiple video streams, and additional compression technologies related to HEVC and AVC.

“Today’s streaming industry could not function without the advanced video technologies that InterDigital researchers have pioneered,” said Josh Schmidt, Chief Legal Officer, InterDigital. “We remain committed to securing a long-term agreement with Disney, which reflects fair value for innovation that Disney uses every day, and which enables our ongoing investment in our research to develop next generation video technology.”

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: [email protected]
+1 (202) 349-1716

📌 Top story -- scroll down for more updates

Closing Bell 4:05 pm

Stocks climbed Thursday, with the Nasdaq and S&P 500 on pace for back-to-back record closes, as investors grew more optimistic about a potential U.S.-Iran nuclear deal. President Trump said talks could resume this weekend, adding, "We’re very close." Oil prices surged, with Brent crude rising 4.7% to $99.39 a barrel.

Iran blockade expands: The U.S. extended its naval blockade of Iran to all ships of any nationality, including beyond the Middle East, keeping energy flows from the Persian Gulf constrained. Cease-fire agreed: Trump announced a 10-day Israel-Lebanon cease-fire, set to begin Thursday at 5 p.m. ET — a development that may ease some regional risk premium currently baked into oil prices. Flu Slump Hits Abbott Earnings 3:36 pm — ABT -5.49%

Abbott (ABT 2.02%) cut its full-year outlook after a weak flu season dented diagnostic testing demand and a recent acquisition weighed on earnings. The company now expects adjusted EPS of $5.38–$5.58, below prior guidance and estimates, as profit fell year over year despite revenue growth. Shares dropped, extending a rough 12-month stretch, even as management pointed to long-term growth from its Exact Sciences deal.

Flu season = earnings lever: Diagnostic test sales fell 7.4%, showing how respiratory trends can swing results quarter to quarter. Growth vs. near-term drag: The Exact Sciences deal is expected to add ~$3B in sales this year—but trims near-term EPS and adds financing pressure. Metric (GAAP unless noted)Q1 2026Q1 2025Y/Y ChangeEPS (Non-GAAP)$1.15$1.095.5%Revenue (billions, Non-GAAP)$11.45$10.3610.5%Net Earnings (billions, Non-GAAP)$2.02$1.925.4%Operating Margin12.1%16.4%-4.3 ppComparable Sales Growth – Medical Devices8.5%n/aN/AComparable Sales Growth – Diagnostics1.8%n/an/a Seth Jayson: BIRD—"A Bad Joke" 3:28 pm — BIRD -27.66%

By Seth Jayson
Team Rule Breakers

You may have seen the news that Allbirds (BIRD 3.11%) is now an AI company. This is, to put it plainly, a bad joke. If this company spent all the cash I figure it might have on its balance sheet, AND the reported $50 million convertible funding facility, that would be $100 million, if I have it right. That is, at best, enough to build and equip maybe a 2-3 MW AI datacenter, but would leave zero cash left to actually run it. No one builds a DC that size, so this Bird AI, despite having zero history in the space, must expect to be able to raise tens of billions of dollars—because that is the table stakes to get into a space that has so far turned out to be a cash incineration space. None of the neo-clouds profit a dime. Do yourself a favor and put this into the same investment bucket that would house train wrecks and fishook mishap videos.

Schwab Slips on Mixed Q1 2:48 pm — SCHW -6.94%

Shares of Charles Schwab (SCHW +2.66%) fell after Q1 results that were broadly strong but missed on key metrics. Revenue rose 16% to nearly $6.5 billion and EPS jumped to $1.43, driven by a 34% surge in trading activity and $140 billion in net new assets. Still, a slight revenue miss and weaker net interest income—hit by lower rates—drove the sell-off. With the stock already flat since last summer and trading near 16x expected earnings, the drop may reflect sentiment as much as fundamentals.

Where expectations cracked: Net interest income slipped sequentially and missed forecasts, a reminder that rate cuts can pressure even well-run brokerages. Setup vs. signal: With assets nearing $12 trillion and trading activity surging, the core engine looks intact—even as the market fixates on short-term misses.

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2.66

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2.36

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91.06

AMD Rally Defies “Hold” Rating 2:30pm AMD +5.71%

Shares of Advanced Micro Devices (AMD +5.44%) jumped after a Wall Street analyst raised their price target—only for the stock to immediately surpass it. The call kept a “hold” rating but pointed to a mix shift toward higher-margin data center chips and upside from a multiyear AI deal with Meta Platforms (META +0.25%). With AMD up sharply over the past year, valuation has expanded alongside optimism around AI demand, leaving investors weighing continued growth against rising expectations.

Margin Mix Shift: Fewer PC chips, more data center sales could lift profitability as AI workloads scale. Valuation Tightrope: At triple-digit earnings multiples, future gains may hinge on execution catching up to hype. "Everyone's just waiting — for Q1 numbers, for MI450 shipments to start in the back half of the year, and for some proof that those enormous Meta and OpenAI deals actually translate into revenue at the scale promise," Motley Fool analyst Seth Jayson said last week.

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515.00

SpaceX Spends $100M on Tesla Trucks 1:10 pm -- TSLA -1.0%

Tesla (TSLA +0.34%) is facing scrutiny as registration data reveals that nearly 20% of fourth-quarter Cybertruck sales came from Elon Musk’s own empire. SpaceX alone accounted for 1,279 units, with Boring Co. and Neuralink also adding to a "buying spree" estimated at $100 million. Without these internal transactions, registrations for the pickup would have plummeted 51% sequentially. This reliance on affiliate purchases highlights a potential demand ceiling for the polarizing EV just as Tesla battles to regain its global lead from China's BYD (BYDDF +0.27%) and established rivals like Ford (F +1.39%).

Artificial Volume Buffer: Analysts suggest Tesla is rapidly exhausting its pool of retail buyers, leaving the company to lean on Musk’s private ventures to maintain optics. This internal shuffle effectively masks a significant slowdown in broader market adoption. Patience Nears the Breaking Point: While management pivots toward robotaxis, the core automotive business remains under heavy pressure following a 20% stock decline since December. Shareholders are increasingly wary as actual consumer appetite for the truck fails to meet Musk's 250,000-unit annual target. TSLA performance

Today -1.0%

1 Year +60.1%

5 Years +57.3%

Related articles

TSLA and SpaceX Pursue Terafab Project Tesla Cracks the European Union Is Tesla's Future Already Priced In?

Today's Lunchtime News 1:00 pm

Quantum computing stocks rallied hard this week after Nvidia (NVDA +0.12%) unveiled Ising, a new family of open-source AI models designed to make quantum computing more practical. IonQ (IONQ 0.29%) and D-Wave Quantum (QBTS 0.92%) have each surged over 50% since Monday, while Rigetti Computing (RGTI +3.30%) and Quantum Computing (QUBT +1.51%) are up more than 20%.

AI as the control plane: CEO Jensen Huang said AI is essential to making quantum computing scalable, with Ising tackling two of the biggest challenges in the field: error correction and calibration. The announcement landed on World Quantum Day, further fueling attention. Still speculative: The entire sector accounts for only about $31 billion in market value, and many stocks remain down sharply year to date despite this week's pop. IBM (IBM 0.64%), Microsoft (MSFT 0.65%), Alphabet (GOOG +1.03%), and Amazon (AMZN 1.87%) are all investing heavily in quantum, but commercial breakthroughs remain years away. CVS Workers Prepare for May Day Strike 12:40 pm -- CVS +0.9%

Over 500 warehouse workers and drivers at a critical CVS Health (CVS +1.17%) distribution center in Virginia have authorized a strike for May 1. Represented by Teamsters Local 592, the group is protesting proposed cuts to healthcare and core benefits while demanding a fair contract. The facility serves as a primary hub for stores across the Mid-Atlantic, including high-volume markets in Washington, D.C., and Baltimore. While CVS maintains that a work stoppage is not imminent and contingency plans are ready, a prolonged walkout could strain regional inventory levels just as the company navigates a complex healthcare landscape.

Logistics Under Fire: A strike would disrupt the flow of pharmaceutical and retail goods across the entire Northeast corridor. The union claims current concessionary demands from management are unacceptable, signaling a widening gap in labor negotiations. Operational Buffer Zones: Management remains confident in reaching a resolution and has established secondary supply routes to prevent empty shelves. Shareholders should watch if these logistics workarounds impact quarterly margins or delivery reliability in the affected regions.

Today's Change

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1.17

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1.18

Current Price

$

101.66

Reality Labs Pivot: Fees Face Reality 12:10 pm -- META +0.4%

Meta Platforms (META +0.25%) will raise U.S. prices for its Quest VR headsets starting April 19, citing surging memory chip costs. The entry-level Quest 3S jumps to $349.99, while the 512GB Quest 3 sees a $100 increase to $599.99. This pricing shift reflects a broader supply squeeze as chipmakers prioritize high-margin AI infrastructure for Alphabet (GOOG +1.03%) and Microsoft (MSFT 0.65%), leaving consumer hardware manufacturers like Dell (DELL +2.58%) and Sony (SONY 2.48%) to pass costs to buyers. For investors, the hike signals Meta is cooling its "growth-at-all-costs" metaverse burn, which has drained over $70 billion from Reality Labs since 2021.

Prioritizing Profitability Over Reach: After years of subsidizing hardware to capture market share, Meta is shifting toward financial discipline. This price adjustment follows recent layoffs within the hardware division and a scaling back of the Horizon Worlds platform. The AI Competition Tax: Massive demand for data center components is creating an "inflation tax" on personal electronics. As Big Tech rivals hoard silicon for large language models, Meta's hardware margins must now compete directly with the capital-intensive AI arms race. FDA Meeting Ignites HIMS Rally 11:35 am — HIMS +8.5%

Hims & Hers Health (HIMS 6.24%) extended its two-day rally Thursday, surging another 6% as Health Secretary Robert F. Kennedy Jr. signaled an FDA shift on peptide restrictions. The agency scheduled a July review to potentially move seven peptides out of "Category 2" — a restrictive designation for substances deemed too risky for compounding pharmacies. This regulatory thaw directly benefits Hims, which acquired a specialized peptide manufacturing facility last year to target weight loss and muscle recovery markets. While year-to-date performance remains down 23% due to legal friction with Novo Nordisk (NVO +0.43%), investors are betting that looser compounding rules will stabilize the telehealth leader’s growth trajectory.

Strategic Infrastructure Payoff: The California facility acquisition positions the firm to immediately scale production if the FDA Pharmacy Compounding Advisory Committee approves the substances. This would effectively move demand from unregulated sources to Hims' supervised platform. Legal Ceasefire: Novo Nordisk’s decision to drop its patent infringement lawsuit in March cleared a major hurdle, allowing Hims to offer compounded semaglutide alongside traditional FDA-approved medications. This collaboration provides a hybrid model that insulates the company against future supply shortages.

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-6.24

%) $

-1.80

Current Price

$

27.07

New Claude Model Hits Cloud Giants 11:20 am — STLA +0.1%, MSFT +1.4% in pre-market trading

Anthropic released Claude Opus 4.7 on Thursday, a model designed to outpace predecessors in software engineering and "agentic" tasks while intentionally limiting its own cybersecurity capabilities. This strategic "differential reduction" in power distinguishes Opus 4.7 from the invitation-only Claude Mythos Preview, which remains restricted under the Project Glasswing security initiative. Available at no extra cost via Microsoft (MSFT 0.65%), Google (GOOG +1.03%), and Amazon (AMZN 1.87%), the launch reinforces Anthropic’s "safety-first" branding as it moves toward a rumored 2026 IPO. For investors, the release highlights a shift from raw power to "governed" utility as AI firms navigate increasing scrutiny from the Trump administration.

Silicon Valley Guardrails: By automatically blocking high-risk cyber requests, Anthropic is positioning itself as the low-liability choice for enterprise clients. This creates a clear moat against rivals whose models may face heavier future regulation. Cloud Distribution Dominance: The immediate integration across major cloud providers ensures that Opus 4.7 will drive immediate consumption of AI credits. This infrastructure-heavy approach tethers Anthropic's growth directly to the scaling success of its Big Tech backers. Top of the Morning 10:15 am

By Morning Show host Sanmeet Deo
Team Rule Breakers

Forget the frenzied scramble for SpaceX's expected June IPO. If you want a piece of Elon Musk's cosmic pie, the smartest Foolish move right now might just be buying shares of Alphabet (GOOG +1.03%).

According to recent filings, Google held a 6.11% stake in SpaceX at the end of 2025. Even after expected dilution to roughly 5% following SpaceX's merger with xAI, that slice is poised to be worth a staggering $100 billion if the rocket company hits its targeted $2 trillion IPO valuation.

Why Alphabet Beats the IPO Hype

Chasing a record-breaking $75 billion mega-IPO means battling institutional investors for potentially overpriced shares. Alphabet offers a brilliant backdoor play. By owning Google stock, you get the foundational stability of a dominant, cash-generating tech behemoth, plus the massive upside of a 12-figure space windfall.

How Could Google Deploy a $100 Billion Windfall?

If Alphabet eventually cashes out, the possibilities are thrilling for shareholders:

The Ultimate Dividend: A historic wave of stock buybacks or a massive, unprecedented special dividend. AI Supremacy: Pouring the space cash directly into next-generation AI infrastructure and research to permanently outpace competitors. Moonshot M&A: Acquiring a massive portfolio of emerging tech disrupters to expand the Google ecosystem into new industries. Don't just bet on the stars -- invest in the heavily diversified tech giant that already owns a piece of them.

Opening Bell 9:30 am

The S&P 500 shattered the 7,000 level for the first time Thursday, while the Nasdaq cleared its own historic 24,000 milestone. Bullish sentiment is surging as President Trump signaled the Iran conflict is "very close to over," with fresh Israel-Lebanon talks scheduled to begin today. This diplomatic pivot has effectively erased the "war discount," returning valuations to late-February levels. While the Dow added 128 points, some strategists warn that the rally’s sustainability depends on whether gains broaden beyond the tech sector favorites that have dominated the 10-day winning streak.

Market indexes

S&P 500

0.15%

Nasdaq

0.08%

Dow

0.11%

Microsoft AI to Secure 15 Car Brands 9:20 am — STLA +0.1%, MSFT +1.4% in pre-market trading

Stellantis (STLA 0.51%) and Microsoft (MSFT 0.65%) have solidified a five-year strategic partnership to co-develop artificial intelligence and cybersecurity tools, a move designed to close the technology gap with Tesla and rising Chinese competitors. Under the agreement, joint teams will launch over 100 AI initiatives spanning predictive maintenance, product validation, and digital cabin features. This collaboration shifts Stellantis’ primary tech focus toward Microsoft’s Azure cloud platform as its previous SmartCockpit partnership with Amazon (AMZN 1.87%) winds down. By migrating its global infrastructure, the automaker aims for a 60% reduction in its physical data center footprint by 2029, streamlining operations while embedding AI-driven analytics into its global cyber defense center to protect vehicle data.

Digital Security Shield: The partnership integrates AI-driven analytics across manufacturing sites and connected vehicles to thwart emerging cyber threats. This proactive defense strategy aims to protect the privacy of millions of drivers across the Jeep, Peugeot, and Ram brands. Cloud-First Efficiency: Migrating to Azure allows Stellantis to accelerate its software-defined vehicle roadmap while slashing legacy IT overhead. This modernization is expected to improve engineering agility and significantly shorten the time-to-market for new digital services.

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6.86

Cadence Taps Gemini and Nvidia to Speed Design 8:45 am -- CDNS +1.55% in pre-market trading

At its annual CadenceLIVE event, Cadence Design Systems (CDNS +0.32%) unveiled strategic alliances with Nvidia (NVDA +0.12%) and Alphabet (GOOG +1.03%) that signal a shift from simple chip design to full-scale AI system orchestration. By integrating Google's Gemini models into its ChipStack AI platform, Cadence is enabling "agent-driven" automation that can compress design cycles by up to 10X. Meanwhile, the Nvidia partnership leverages digital twins and accelerated computing to optimize "AI factories," focusing on "tokens per watt" to slash operating costs for hyperscale data centers. Together, these moves position Cadence as a vital layer in the AI infrastructure stack, moving beyond traditional software into simulation-first engineering.

Simulation-First Strategy: The collaboration with Nvidia allows engineers to model 10-megawatt data centers virtually, improving cooling and power efficiency by 17% before a single piece of hardware is deployed. Orchestration Advantage: By using AI agents to coordinate complex design tasks, Cadence aims to maintain its 86% gross margins while addressing the increasing complexity of next-generation semiconductor architectures.

Ford Loses Apple Veteran Field in EV Shakeup 8:00 am -- F unchanged in pre-market trading

The WSJ reports the "Modern Ford" is facing a fresh leadership test as Doug Field, the Silicon Valley veteran recruited from Apple (AAPL 1.49%) to lead Ford (F +1.39%), steps down. Field was the architect behind the secretive California "skunkworks" team developing a $30,000 electric pickup to rival low-cost Chinese competitors. His departure triggers a massive reorganization, folding the electric vehicle and digital units into industrial operations under COO Kumar Galhotra. CEO Jim Farley maintains the transition is a "pass the baton" moment for a product line that has reached maturity, but investors remain wary as the automaker navigates chronic EV unprofitability and $19.5 billion in recent write-downs.

The Low-Cost Gamble: Lieutenant and Tesla (TSLA +0.34%) alum Alan Clarke remains to spearhead the affordable EV platform, which is critical for Ford's 2026 production goals. Quality Control Struggles: Despite the tech pivot, Ford led the industry with 13 million vehicle recalls in 2025, highlighting the friction between "blank-sheet" innovation and legacy manufacturing.

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0.20

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14.91

This Morning's Breakfast News 7:30 am -- TSM +0.61% in pre-market trading

Taiwan Semiconductor (TSM +0.83%) posted a fresh quarterly record for net profit, as part of broader results showing demand for AI chips remains strong and a lack of any near-term impact of supply chain disruption. The stock was marginally higher following the release of earnings.

Advanced technologies accounted for 74% of total wafer revenue: The growing preference for advanced technologies, which includes smaller nanometer products that have greater processing power and efficiency, shows the trend of buying from key customers such as Apple (AAPL 1.49%). New advanced chip fabrication plant in Taiwan being added: To keep up with demand, the company is adding production facilities. Management now expects capex spending to be at the high end of a $52 billion to $56 billion range, around a 37% increase versus last year.

Microsoft's Monster Rally Signals Momentum Shift 6:45 am -- MSFT +1.77% in pre-market trading

Microsoft (MSFT 0.65%) shares have staged a powerful 10% advance over the last three trading days, marking the stock's most aggressive short-term rally since 2020. The surge has pushed the tech giant into rare territory, marking only the third time since the dot-com era that the stock has posted back-to-back-to-back daily gains of 2% or more. While shares remain down roughly 15% year-to-date, this "monster rally" has lifted Microsoft above its near-term moving averages, signaling a potential shift in momentum ahead of its April 29 earnings report.

CEO Satya Nadella has played a central role in reframing the narrative for 2026, calling for an "AI Reset" as the industry moves from hype to integration. "We are beginning to distinguish between 'spectacle' and 'substance'," Nadella recently told investors, emphasizing that 2026 will be a pivotal year where AI must prove its real-world impact. He argued that the industry has moved past the initial phase of discovery and into a "phase of widespread diffusion," where Microsoft is betting on agentic systems rather than just stand-alone models to drive enterprise value.

Turnaround Catalyst: Analysts suggest the current rally is a "vibe shift" as investors look past the capital expenditure fears that cratered the stock in January. With Azure growth remaining robust at 39%, the market is increasingly aligning with Nadella's view that "the AI race is real--and so is the concentration of power." Valuation Rebound: Even with the 10% jump, Microsoft is trading at roughly 23 times earnings--a level some analysts call "dirt cheap" compared to its 40x peak last year. The current rebound suggests a "barbell adoption" strategy is taking hold, with large enterprises finally managing the transition of legacy systems into AI-native workflows.

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387.81

ICYMI: Wednesday's Scoreboard 6:00 am -- IDCC unchanged in pre-market trading

InterDigital (IDCC +4.35%) was the subject of the latest Scoreboard video.

Tesla and SpaceX Pursue Terafab Project 5:45 am -- TSLA +1.38% in pre-market trading

Bloomberg reports that Tesla (TSLA +0.34%) and SpaceX executives have reached out to chip suppliers including Applied Materials (AMAT +2.83%) for price quotes and delivery times for gear to support the Terafab project.

Musk wants to move at "light speed": The Terafab project, a joint venture from Tesla and SpaceX to supply 1 terawatt of annual computing capacity, would allow Musk to produce his own semiconductors and chips for related hardware, including Tesla's humanoid robots. Project estimated to need $5 trillion to $13 trillion in capex: Musk believes the semiconductor industry isn't scaling fast enough to produce the chips his companies need, although it's unsure where the funding will come from

IonQ Jumps on DARPA Quantum Contract 4:30 am -- IONQ +3.91% in pre-market trading

IonQ (IONQ 0.29%) shares surged more than 20% after the company was selected for DARPA's quantum networking program and demonstrated a breakthrough in remote quantum entanglement.

DARPA partnership secured: IonQ was chosen for DARPA's Heterogeneous Architectures for Quantum program to develop high-speed quantum interconnects linking different quantum computers. Networking breakthrough achieved: The company successfully demonstrated remote entanglement connecting two trapped-ion quantum systems, advancing commercial quantum networking capabilities.

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57.82

Before the Opening Bell 4:00 am

Stock futures edged higher Thursday morning, as the index looks to consolidate its historic break above the 7,000 level. In Wednesday's regular session, the S&P 500 jumped 0.8% to a fresh record of 7,022.95, while the Nasdaq Composite surged 1.59% to notch its longest winning streak in five years. Investor sentiment is being driven by President Trump's recent claims that a permanent deal with Iran is nearing, alongside reports that a second round of Islamabad peace talks is being prepared. Despite the standing naval blockade of the Strait of Hormuz, the "war discount" has effectively evaporated as traders bet on a diplomat-led de-escalation.

If you're interested in broad exposure to the Small Cap Blend segment of the US equity market, look no further than the Invesco Russell 2000 Dynamic Multifactor ETF (OMFS - Free Report) , a passively managed exchange traded fund launched on November 8, 2017.

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Why Small Cap BlendSitting at a market capitalization below $2 billion, small cap companies tend to be high-potential stocks compared to its large and mid cap counterparts, but come with higher risk.

Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.

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Annual operating expenses for this ETF are 0.39%, putting it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 0.93%.

Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Financials sector -- about 18.2% of the portfolio. Industrials and Consumer Discretionary round out the top three.

Looking at individual holdings, Indivior Pharmaceuticals Inc (INDV) accounts for about 1.71% of total assets, followed by Nextpower Inc (NXT) and Interdigital Inc (IDCC).

The top 10 holdings account for about 13.24% of total assets under management.

Performance and RiskOMFS seeks to match the performance of the RUSSELL 2000 INVESCO DYNAMIC MLTIFCTR ID before fees and expenses. The Russell 2000 Invesco Dynamic Multifactor Index is constructed using a rules-based methodology by selecting equity securities from the Russell 2000 Index, which measures the performance of 2,000 small-capitalization companies in the United States.

The ETF has gained about 11.56% so far this year and it's up approximately 33.81% in the last one year (as of 04/29/2026). In the past 52-week period, it has traded between $37.43 and $49.98.

The ETF has a beta of 0.97 and standard deviation of 20.19% for the trailing three-year period. With about 1120 holdings, it effectively diversifies company-specific risk.

AlternativesInvesco Russell 2000 Dynamic Multifactor ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, OMFS is a reasonable option for those seeking exposure to the Style Box - Small Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.

The Vanguard Small-Cap Index Fund ETF Shares (VB) and the iShares Core S&P Small-Cap ETF (IJR) track a similar index. While Vanguard Small-Cap Index Fund ETF Shares has $75.72 billion in assets, iShares Core S&P Small-Cap ETF has $101.13 billion. VB has an expense ratio of 0.03% and IJR charges 0.06%.

Bottom-LineRetail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Revenue, Adjusted EBITDA1 and EPS above top end of guidance
New agreements drive record Smartphone ARR2
Company reaffirms full year 2026 guidance

WILMINGTON, Del., April 30, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video, and AI technology research and development company, today announced results for the quarter ended March 31, 2026.

"With six new agreements in the first quarter, including renewing Xiaomi to a long-term contract, we are off to a strong start in 2026. These new agreements drove our results above the top-end of our guidance as we continued our momentum across our licensing programs, our research and innovation pipeline, and our patent portfolio", commented CEO Liren Chen. "Over the last five years, we have signed agreements with a cumulative total contract value of $4.7 billion and now have the world's top-three smartphone vendors under license through the end of the decade. This success provides a strong base from which to drive additional growth."

Business Highlights for First Quarter 2026

Signed six new agreements in Q1, including a renewal with Xiaomi and a new license with LG Electronics covering TVs & computer displaysAnnualized recurring revenue2 ("ARR") increased 13% year-over-year from $502.9 million to $567.2 millionSmartphone ARR increased 18% year-over-year to an all-time high of $491.8 millionRanked by the European Patent Office among top five US companies in 2025 for patent applicationsAwarded fifth injunction against Disney by a court in GermanyA court in Brazil found our licensing offer to be FRAND and awarded an injunction against TranssionPromoted to the S&P MidCap 400 from the S&P SmallCap 600Recognized by LexisNexis as one of the world’s 100 most innovative companies fifth year in a row First Quarter 2026 Financial Summary:

First quarter 2026 revenue included $63.6 million of catch-up revenue, compared with $84.8 million in first quarter 2025. Operating expenses increased $44.5 million primarily due to an increase in revenue share costs driven by the LG TV agreement and an increase in intellectual property enforcement costs.

 Three Months Ended March 31,
($ in millions, except per share data)2026
 2025
 Change
GAAP Results:           Revenue$205.4  $210.5   (2)% Operating expenses$123.2  $78.7   57% Net income$75.3  $115.6   (35)% Net income margin 37%   55%   (18) ppt Diluted EPS$2.14  $3.45   (38)% Non-GAAP Results:           Adjusted EBITDA 1$111.8  $159.1   (30)% Adjusted EBITDA margin 1 54%   76%   (22) ppt Non-GAAP Net income 3$79.4  $125.7   (37)% Non-GAAP EPS 3$2.57  $4.21   (39)% Additional Information:           Revenue by type:           Annualized recurring revenue 2$567.2  $502.9   13% Catch-up revenue$63.6  $84.8   (25)% Revenue by program:           Smartphone$123.4  $184.0   (33)% CE, IoT/Auto$81.9  $26.3   212% Other$0.1  $0.2   (46)% 
Return of Capital

(in millions, except per share data)
Share Repurchases
 Dividends Declared
 Reduction of Debt
 Total Return of Capital
Shares Value
 Per Share
 Value
  First quarter 2026<0.1 $8.2
  $0.70
  $18.1
  $88.0  $114.3
 
Convertibility of 2027 Notes

Pursuant to the terms of the Indenture governing InterDigital’s 3.50% Senior Convertible Notes due 2027 (the “Notes”), the Notes are convertible during its calendar quarter ending June 30, 2026. The current conversion rate of the Notes is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes.

Upon the conversion of any Notes, InterDigital will pay cash up to the aggregate principal amount of the Notes to be converted, and will pay cash, shares of its Common Stock or a combination of cash and shares of its Common Stock for any conversion obligation in excess of the aggregate principal amount being converted, if any, at InterDigital’s election, as set forth in the Indenture governing the Notes.

At the time InterDigital issued the Notes, InterDigital entered into call spread transactions that together were designed to have the economic effect of reducing the net number of shares that will be issued in the event of conversion of the Notes by, in effect, increasing the conversion price of the Notes from InterDigital’s economic standpoint from $77.49 to $105.55. Refer to "Management's Discussion and Analysis of Financial Condition and Results of Operations - Notes, Hedge and Warrant Transactions" in InterDigital’s Form 10-Q for the quarter ended March 31, 2026 for more information.

In December 2025, holders elected to convert $80.0 million principal amount of the 2027 Notes, which was settled in the first quarter of 2026. We paid the $80.0 million principal amount in cash and issued 0.8 million shares to settle the conversion spread. These shares issued were offset by 0.8 million shares received upon partial settlement of the 2027 Note Hedge Transactions, resulting in no incremental outstanding shares resulting from the conversion.

As of March 31, 2026, 6.0 million warrants remain outstanding related to the 2027 Warrant Transactions at a weighted-average strike price of $105.55 per share, subject to adjustment, which mature on a net-share basis beginning September 2027 through April 2028.

Near Term Outlook

The Company has reaffirmed its full year 2026 outlook and provided an initial outlook for the second quarter 2026. The outlook for second quarter 2026 covers existing licenses and does not include any new agreements or enforcement action results we may sign or receive over the balance of the second quarter. The outlook for full year 2026 includes both existing licenses and the expected contributions from new agreements and/or enforcement actions we may receive over the balance of the year.

(in millions, except per share data)Q2 2026 Full Year 2026Revenue$139 - $143 $675 - $775Adjusted EBITDA 1$67 - $73 $381 - $477Diluted EPS$0.80 - $0.97 $5.77 - $8.51Non-GAAP EPS 3$1.41 - $1.60 $8.74 - $11.84
Conference Call Information

InterDigital will host a conference call on Thursday, April 30, 2026 at 10:00 a.m. ET to discuss its first quarter 2026 financial performance and other company matters.

For a live webcast of the conference call visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the webcast option.

See below for dial-in details to join the call telephonically:
USA - Toll-Free (800) 715-9871
USA / International Toll +1 (646) 307-1963
Conference ID 2456118 or Conference Name

A replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit the InterDigital website: www.interdigital.com.

For additional financial measures, refer to our first quarter 2026 Form 10-Q and the financial metrics tracker, which are available on the Investor Relations section of our website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements, including but not limited to statements regarding our outlook for Q2 and full year 2026, are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays or difficulties in the execution of patent license agreements on acceptable terms or at all; (ii) our ability to expand our revenue opportunities by entering into licensing arrangements with streaming and cloud-based service providers; (iii) the initiation of new legal proceedings or the resolution of ongoing legal proceedings, including any awards or judgments relating to such proceedings, and changes in the schedules or costs associated therewith; (iv) our ability to maintain a strong patent portfolio and make strategic decisions related to our intellectual property protection; (v) our ability to successfully integrate Deep Render and to recognize the anticipated benefits of the transaction; (vi) the failure of markets for our technologies to materialize to the extent that we expect; (vii) our continued ability to develop new technologies; (viii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the One Big Beautiful Bill Act, the 2017 Tax Cuts and Jobs Act and other U.S. and non-U.S. tax laws and other tax matters; (ix) the timing and impact of potential regulatory, administrative and legislative matters; (x) the potential effects of macroeconomic conditions or global conflicts; (xi) our ability to hire and retain key personnel; (xii) operational risks, including cybersecurity events, human failures or other difficulties with our information technology systems; and (xiii) risks related to any new accounting standards or our assumptions and application of relevant accounting standards, including with respect to revenue recognition.

You should not place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this release. We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.

Footnotes

1   Adjusted EBITDA and Adjusted EBITDA margin are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the Company's ongoing business performance. InterDigital defines Adjusted EBITDA as net income plus income tax (provision) benefit, other income, net & interest expense, depreciation and amortization, share-based compensation, and other items. Other items include restructuring costs, impairment charges and other non-recurring items. Adjusted EBITDA margin is Adjusted EBITDA over total revenue. These non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure is provided below.

2   Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targets. ARR is not a projection or forecast, and actual recurring revenue for any 12-month period will depend on a number of factors beyond our ability to predict or control, including those risks and uncertainties listed above. Additionally, ARR may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

3   Non-GAAP net income, Non-GAAP EPS, and Non-GAAP weighted-average diluted shares are supplemental non-GAAP financial measures that InterDigital believes provides investors with important insight into the Company's ongoing business performance. InterDigital defines Non-GAAP net income as net income plus share-based compensation, acquisition related amortization, restructuring costs, impairment charges and one-time adjustments, losses on extinguishments of long-term debt, the related income tax effect of the preceding items, and adjustments to income taxes. Non-GAAP EPS is defined as Non-GAAP net income divided by Non-GAAP weighted average diluted shares, which adjusts the weighted-average number of common shares outstanding for the dilutive effect of the Company's convertible notes, offset by our hedging arrangements. InterDigital’s computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below.

 SUMMARY CONSOLIDATED STATEMENTS OF INCOME
(in thousands except per share data)
(unaudited)
  Three Months Ended March 31,  2026   2025 Revenue$        205,416  $        210,507 Operating expenses:   Research and portfolio development         55,835           47,430 Licensing         52,119           17,677 General and administrative         15,201           13,568 Total operating expenses         123,155           78,675     Income from operations         82,261           131,832     Interest expense         (9,067)          (9,871)Other income, net         6,600           10,258 Income before income taxes         79,794           132,219 Income tax provision         (4,465)          (16,617)Net income$        75,329  $        115,602     Net income per common share:   Basic$        2.93  $        4.49 Diluted$        2.14  $        3.45 Weighted average number of common shares outstanding:   Basic         25,721           25,741 Diluted         35,280           33,505     Cash dividends declared per common share$        0.70  $        0.60   SUMMARY CONSOLIDATED CASH FLOWS
(in thousands)
(unaudited)
  Three Months Ended March 31,  2026   2025 Cash flows from operating activities:   Net income$        75,329  $        115,602 Non-cash adjustments         122,711           (1,445)Working capital changes         (181,959)          (134,146)Net cash provided by (used in) operating activities         16,081           (19,989)Cash flows from investing activities:   Net sales, maturities, and purchases of short-term investments         29,775           86,165 Capitalized patent costs and property and equipment                 (15,078)          (26,657)Long-term investments         1,709           — Net cash provided by investing activities         16,406           59,508 Cash flows from financing activities:   Payments on long-term debt and warrants         (88,017)          (1,284)Repurchase of common stock         (8,165)          (5,249)Dividends paid         (17,980)          (11,557)Other         (55,003)          (24,861)Net cash used in financing activities         (169,165)          (42,951)Net decrease in cash, cash equivalents, and restricted cash         (136,678)          (3,432)Cash, cash equivalents, and restricted cash, beginning of period         754,268           551,547 Cash, cash equivalents, and restricted cash, end of period$        617,590  $        548,115   SUMMARY CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)  March 31, 2026
 December 31, 2025
Assets     Cash, cash equivalents, and short-term investments$        1,081,859  $        1,243,160 Accounts receivable         208,327           69,816 Prepaid and other current assets         96,491           74,994 Property & equipment and patents, net         342,029           342,469 Other long-term assets, net         342,492           333,851 Total assets$        2,071,198  $        2,064,290 Liabilities and Shareholders' equity     Current portion of long-term debt$        377,787  $        458,376 Current deferred revenue         261,103           193,722 Other current liabilities         99,450           100,404 Long-term deferred revenue         159,362           135,882 Long-term debt & other long-term liabilities         69,410           74,786 Total liabilities         967,112           963,170 Total shareholders' equity         1,104,086           1,101,120 Total liabilities and shareholders' equity$        2,071,198  $        2,064,290     RECONCILIATION OF NON-GAAP MEASURES 
The following tables present InterDigital's GAAP financial measures reconciled to the non-GAAP financial measures included in this release for the first quarter ended March 31, 2026 and 2025:

 Three Months Ended March 31, (in thousands)  2026   2025 Net income$        75,329  $        115,602 Income tax provision         4,465           16,617 Other income, net & interest expense         2,467           (387)Depreciation and amortization         19,208           18,213 Share-based compensation         10,339           9,498 Other items (a)         —           (483)Adjusted EBITDA 1$        111,808  $        159,060   Three Months Ended March 31, (in thousands, except for per share data)  2026   2025 Net income$        75,329  $        115,602 Share-based compensation         10,339           9,498 Acquisition related amortization         7,978           8,650 Other operating items (a)         —           (483)Other non-operating items         —           — Related income tax effect of above items         (3,847)          (3,710)Adjustments to income taxes         (10,404)          (3,899)Non-GAAP net income 3$        79,395  $        125,658     Weighted average dilutive shares - GAAP         35,280           33,505 Less: Dilutive impact of the Convertible Notes         4,396           3,670 Weighted average dilutive shares - Non-GAAP 3         30,884           29,835     Diluted EPS$        2.14  $        3.45 Non-GAAP EPS 3$        2.57  $        4.21  (a)   Other items in the above tables include one-time contra-expenses related to litigation fee reimbursements.

The following tables present a reconciliation between GAAP and non-GAAP versions of the estimated financial measures for the second quarter of 2026 and full year fiscal 2026 included in this release:

 Outlook
 (in millions)
 Q2 2026
 Full Year 2026
Net income$28 - $34  $202 - $298 Income tax provision7  48 Other income, net & interest expense        —          (4)Depreciation and amortization20  80 Share-based compensation12  52 Other items        —          3 Adjusted EBITDA 1$67 - $73  $381 - $477   Outlook
 (in millions, except for per share data)
 Q2 2026
 Full Year 2026
Net income$28 - $34  $202 - $298 Share-based compensation        12          52 Acquisition related amortization        8          32 Other operating items        —          3 Other non-operating items        —          — Related income tax effect of above items        (4)         (18)Adjustments to income taxes        —          — Non-GAAP net income 3$44 - $50  $271 - $367       Weighted average dilutive shares - GAAP        35.1          35.0 Less: Dilutive impact of the Convertible Notes        3.9          4.0 Weighted average dilutive shares - Non-GAAP 3        31.2          31.0       Diluted EPS$0.80 - $0.97  $5.77 - $8.51 Non-GAAP EPS 3$1.41 - $1.60  $8.74 - $11.84  CONTACT:InterDigital, Inc. Email: [email protected] +1 (302) 300-1857

InterDigital, Inc. (IDCC) Q1 2026 Earnings Call Transcript

May 05, 2026 08:30 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., May 05, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that the company will be presenting at four upcoming investor conferences:

21st Annual Needham Technology, Media & Consumer Conference on May 12th, 2026, at 4:30 PM ET.J.P. Morgan 2026 Global Technology, Media and Communications Conference on May 18th, 2026 at 4:10 PM ET.Evercore Global TMT Conference on June 2nd, 2026, at 10:55 AM ET.William Blair 46th Annual Growth Stock Conference on June 2nd, 2026, at 11:00 AM ET. These events will be webcast live and an archived replay of the presentations will also be available following the conferences. For more information, please visit the Investors section of the company’s website closer to the event.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
[email protected]
+1 (302) 300-1857

InterDigital, Inc. (IDCC) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

Key Takeaways InterDigital posted Q1 2026 revenues of $205.4M, topping guidance on licensing strength.IDCC signed six new deals, including Xiaomi and LG, boosting smartphone market reach.IDCC's annualized recurring revenues rose 13% year over year to $567.2M in Q1 2026. InterDigital, Inc. (IDCC - Free Report) has been benefiting from solid momentum in its licensing business. Strong renewals, new agreements and continued traction across smartphone, consumer electronics and video licensing markets are primarily driving this growth.

IDCC reported first-quarter 2026 revenues of $205.4 million, which exceeded the top end of management’s guidance. Smartphone annualized recurring revenues reached a record $492 million in the quarter, while total annualized recurring revenues increased 13% year over year to $567.2 million. The company also stated that the total contract value signed since 2021 has reached approximately $4.7 billion, improving long-term revenue visibility and supporting future monetization opportunities.

InterDigital’s licensing momentum is being supported by its “IP-as-a-Service” business model. The company invests heavily in foundational research across wireless, video and AI technologies and monetizes those innovations through patent licensing agreements.

During the quarter, it inked six new agreements, including a renewal with Xiaomi and a new licensing agreement with LG Electronics. The Xiaomi renewal has significantly strengthened IDCC’s position in the smartphone licensing market. IDCC has stated that it now has eight of the top 10 global smartphone manufacturers under license, covering nearly 85% of the market. The company also renewed its agreement with Sony and added new agreements with Buffalo Americas. Apart from smartphones and consumer electronics, InterDigital is witnessing traction in newer verticals such as IoT. It has signed a new IoT patent license agreement with a fintech company in the payments ecosystem.

Other Tech Firms With Licensing MomentumQualcomm Incorporated (QCOM - Free Report) remains one of the strongest IP licensing companies globally through its QTL (Qualcomm Technology Licensing) segment. The company benefits from 5G smartphone royalties, automotive connectivity and IoT licensing. In the second quarter, Qualcomm Technology Licensing (“QTL”) revenues totaled $1.38 billion, up 5% year over year, with QTL EBT margin expanding to 72% from 70%, indicating solid profitability in the licensing business during the quarter.

Nokia Corporation (NOK - Free Report) is witnessing healthy momentum in its focus areas of software and enterprise, which augurs well for the licensing business. It is poised to benefit from copper and fiber deployments of passive optical networking. Nokia Technologies (reported under Technology Licensees) contributed €385 million ($450.49 million) compared with €369 million in the year-ago quarter. Net sales increased 10% on a constant currency basis, supported by new licensing deals in consumer electronics and multimedia.

IDCC’s Price Performance, Valuation & EstimatesIDCC’s shares have gained 22.7% over the past year compared with the industry’s growth of 57%.

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From a valuation standpoint, IDCC trades at a forward price-to-earnings ratio of 28.58, below the industry average of 33.77.

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Earnings estimates for 2026 and 2027 have declined over the past 60 days.

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IDCC currently carries a Zacks Rank #3 (Hold). You can see  the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

WILMINGTON, Del., May 26, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video, and AI technology research and development company, announced that the company will showcase integrated sensing and communication (ISAC) innovation and expertise at the 2026 IEEE International Conference on Communications (ICC).

The Institute of Electrical and Electronics Engineers (IEEE) is the world’s largest technical professional society with more than 400,000 members in 150 countries, providing authority on topics ranging from aerospace systems, computers and telecommunications to biomedical engineering, electric power, and consumer electronics. ICC is one of IEEE’s flagship conferences, attracting nearly 2,000 attendees from over 70 countries to engage in a program of keynotes, tutorials and workshops, and industry and technical paper sessions addressing the latest research and innovations in communications and networking technology.

ISAC Milestones: Collaborative Sensing and Efficient Data Utilization

During the show, InterDigital engineers will demonstrate ISAC milestones, including Architectural enhancements for efficient sensing data utilization in 6G ISAC and a world's first implementation of collaborative cellular and Wi-Fi sensing built on a preliminary 6G architecture. The collaborative sensing demo fuses sensing measurements from cellular and Wi-Fi signals, leveraging their complementary propagation characteristics to improve detection accuracy, spatial resolution, and coverage continuity while reducing blind spots in indoor environments. Real-time signal processing and data fusion enable reliable detection of human presence and environmental changes without cameras or wearable devices, revealing potential for applications in smart manufacturing, device-free healthcare monitoring, and intelligent building situational awareness.

ISAC Towards 6G: Where Do We Stand and What Comes Next?

On Wednesday, May 27th from 14:00 - 15:30 UK time, InterDigital’s Head of Wireless Lab Europe Alain Mourad will deliver an industry presentation on ISAC towards 6G. As Chair of the ETSI ISAC ISG, Alain will introduce the road ahead for ISAC, provide an update on the technology’s adoption status in 5G-Advanced, and outline ongoing discussions around ISAC in 6G studies in 3GPP and the ITU-R IMT-2030. Learn more here.

Integration of Sensing and Communication with Physical AI

On Wednesday, May 27th from 16:00 – 17:30 UK time, Alain Mourad will participate in a panel alongside peers from academia and industry to examine the integration of sensing, communication, and physical AI to advance responsive, adaptive, and trustworthy systems in real-world environments, and potential challenges like scalability, latency, privacy, security, and ethics. Learn more here.

IEEE ICC will take place in Glasgow, Scotland from May 26 – 28, 2026. Register and learn more here.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital® is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:

Roya Stephens
Email: [email protected]
+1 (202) 349-1714

Final terms to be determined in binding arbitration; parties have resolved all pending litigation between them June 11, 2026 08:59 ET  | Source: InterDigital, Inc.

WILMINGTON, Del., June 11, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that it has entered into a patent license agreement with Amazon, covering Amazon’s services and devices, including Amazon Prime Video. The parties have agreed to resolve all pending litigation and will enter into binding arbitration to determine the final terms of the new agreement.

“This agreement is an important milestone in InterDigital’s longer-term goal to expand into video streaming services licensing and is recognition of the importance of our foundational technology in devices and services,” commented Julia Mattis, Chief Licensing Officer, InterDigital. “We welcome Amazon’s willingness to enter into a license agreement with us and work through the remaining issues in global arbitration.”

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: [email protected]
+1 (202) 349-1716

InterDigital (IDCC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.