InterDigital Q2 revenue more than doubles to $223.5 million; raises 2024 revenue outlook
InterDigital reported second-quarter 2024 revenue of $223.5 million, up 120% from $101.6 million a year earlier, and GAAP diluted EPS of $3.93 versus $0.79. The company raised its full-year 2024 revenue guidance to $690 million to $740 million from $620 million to $670 million, though second-quarter revenue included $127.6 million of catch-up revenue while recurring revenue fell 3%.
Key points
- Q2 2024 net income attributable to InterDigital was $109.7 million; diluted EPS was $3.93 versus $0.79, and non-GAAP EPS was $4.57 versus $1.30
- Full-year 2024 revenue guidance raised to $690 million to $740 million from $620 million to $670 million; non-GAAP EPS guidance raised to $9.70 to $10.95 from $7.45 to $8.76
- Q2 recurring revenue was $95.9 million, down 3%, while catch-up revenue was $127.6 million
- Third-quarter 2024 revenue outlook is $94 million to $98 million, based on existing licenses only
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
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