InterDigital Raises Full-Year Revenue Outlook After Strong Q2 Beat

EarningsAnalyst

โดย Zacks Investment Research·Read original

Summary · why it matters

InterDigital raised its full-year 2026 revenue guidance to a range of $775 million to $845 million, increasing the midpoint by $85 million, following second-quarter results that beat expectations. The company reported revenue of $260.2 million and non-GAAP earnings per share of $4.62, while annualized recurring revenue reached a record $626 million, up 13% from a year earlier. Recent licensing agreements with Amazon covering devices and services including Prime Video, along with new IoT deals involving a leading fintech company and KEBA, expand its recurring royalty opportunities beyond smartphones. At June 30, 2026, InterDigital held more than $1.1 billion in cash and short-term investments, providing financial flexibility for research, intellectual property development, and shareholder returns. The stock trades at approximately 25.6 times trailing earnings and 9.9 times trailing sales, with a 6–12-month price target of $348.83, though customer concentration and licensing timing remain risks.