InterDigital Q1 revenue of $205.4 million beats guidance; net income down 35%
InterDigital reported first-quarter 2026 revenue of $205.4 million, down 2% from a year earlier, and diluted EPS of $2.14 versus $3.45. The company said revenue, adjusted EBITDA and EPS exceeded the top end of its guidance and reaffirmed its full-year 2026 outlook. For shareholders, the quarter's year-over-year declines in profit and catch-up revenue were offset in part by growth in recurring revenue and the unchanged full-year guidance.
Key points
- Revenue was $205.4 million versus $210.5 million a year earlier; catch-up revenue was $63.6 million versus $84.8 million.
- Net income was $75.3 million versus $115.6 million; diluted EPS was $2.14 versus $3.45.
- Annualized recurring revenue rose 13% to $567.2 million, with smartphone ARR up 18% to $491.8 million.
- Full-year 2026 revenue guidance of $675 million to $775 million was reaffirmed; second-quarter revenue guidance is $139 million to $143 million.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing 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 April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.