The massive beat on consensus and raised guidance should drive near-term bullish momentum, but the GAAP revenue decline (due to lower catch-up revenue) tempers the outlook. Focus on the ARR growth trajectory and the Amazon arbitration outcome for the streaming segment. The stock may gap up on the print but face resistance given historical volatility and the mixed GAAP picture.
Price Chart
Executive Summary
InterDigital reported Q2 2026 Non-GAAP EPS of $4.62, crushing the $1.52 consensus (203% beat), and revenue of $260.2M (82% beat). However, GAAP revenue declined 13% YoY due to lower catch-up revenue, while ARR reached an all-time high of $626M (+13% YoY). The company raised full-year 2026 revenue guidance by $85M at the midpoint to $775-845M, reflecting strong licensing momentum including a landmark Amazon streaming deal.
Key Financial Metrics
Key Facts
- Non-GAAP EPS of $4.62 vs consensus $1.52 (203% beat), GAAP diluted EPS $3.40
- Revenue of $260.2M vs $143.1M consensus (82% beat), but down 13% YoY from $300.6M
- ARR all-time high of $626M, up 13% YoY, driven by streaming and cloud services
- First streaming agreement with Amazon (Amazon Prime Video) signed, terms by binding arbitration
- Full-year 2026 revenue guidance raised to $775-845M from $675-775M; EPS guidance raised to $7.91-9.67 from $5.77-8.51
- Q2 2026 Adjusted EBITDA $184.1M, 71% margin; free cash flow $67M
- Returned $41M to shareholders via buybacks and dividends in Q2
Financial Impact
EPS beat by 203% ($3.10 vs $1.52), revenue beat by 82% ($260.2M vs $143.1M), guidance raised $85M at midpoint
Risk Factors
- Revenue decline of 13% YoY, even if driven by non-recurring catch-up, may concern headline-focused investors
- Amazon arbitration outcome is uncertain; unfavourable terms could reduce expected streaming revenue
- High litigation costs and IP enforcement expenses may pressure margins
- Concentration risk: smartphone licensing still dominates, with CE/IoT/Auto declining 58% YoY
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001405495-26-000065 |
| Document: supplementalmaterialsq22.htm | 0001405495-26-000065 |
| Document: idcc-20260730.htm | 0001405495-26-000065 |
| Document: 0001405495-26-000065-index-headers.html | 0001405495-26-000065 |
| Document: 0001405495-26-000065-index.html | 0001405495-26-000065 |
| Document: 0001405495-26-000065.txt | 0001405495-26-000065 |
| 8-K Data (Synthetic) | 0001405495-26-000065 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $332.88 | awaiting T+20 | — | $324.26 (−2.59%) |
Aug 26, 2026 8w ago | Institutional Cluster | $344.32 $328.03 | ▼ −4.73% | ▼ −4.96% | $324.26 (−5.83%) |
Aug 10, 2026 11w ago | Insider Cluster | $348.25 $340.94 | ▲ +2.10% | ▲ +1.18% | $324.26 (+6.89%) |
Jul 30, 2026 12w ago | 8-K | $303.33 $334.65 | ▲ +10.33% | ▲ +6.36% | $324.26 (+6.90%) |
Jul 30, 2026 12w ago | Press Release | $303.33 $334.65 | ▲ +10.33% | ▲ +6.36% | $324.26 (+6.90%) |
Jul 23, 2026 13w ago | Press Release | $256.06 $341.74 | ▲ +33.46% | ▲ +30.15% | $324.26 (+26.63%) |
Jul 10, 2026 15w ago | Press Release | $261.52 $348.25 | ▲ +33.16% | ▲ +29.98% | $324.26 (+23.99%) |
Jun 16, 2026 18w ago | Insider Cluster | $287.15 $265.49 | ▼ −7.54% | ▼ −7.74% | $324.26 (+12.92%) |
Jun 16, 2026 18w ago | Press Release | $287.15 $265.49 | ▼ −7.54% | ▼ −7.74% | $324.26 (+12.92%) |
Jun 8, 2026 20w ago | Insider Cluster | $257.11 $276.02 | ▲ +7.35% | ▲ +5.91% | $324.26 (+26.12%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers