InterDigital reported better-than-expected second-quarter 2026 results, with revenues of $260.2 million and non-GAAP earnings of $4.62 per share, both surpassing consensus estimates. The company's annualized recurring revenue rose 13% year over year to a record $625.7 million, and its new Streaming and Cloud Services business contributed $110 million in quarterly revenues, driven by a recent agreement with Amazon covering services and devices including Prime Video. InterDigital raised its 2026 revenue outlook to $775-$845 million from $675-$775 million, and increased adjusted EBITDA guidance to $469-$529 million from $381-$477 million. The company also lifted its non-GAAP earnings guidance to $10.85-$12.81 per share from $8.74-$11.84, and exited June with approximately $1.11 billion in cash and short-term investments. InterDigital continues to invest in 6G research and holds a Zacks Rank #1 (Strong Buy).
InterDigital IncBeats Q2 estimates and raises 2026 guidance
Amazon.com IncAmazon agreement drives InterDigital's streaming revenue
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