InterDigital reported October 29 that third-quarter revenue rose 17% to $193.4 million, including a larger contribution from catch-up licensing revenue.
Net income increased 19% to $80.2 million. Diluted earnings rose to $2.34 per share from $1.93, while adjusted earnings increased to $3.11 from $2.55.
Catch-up revenue totaled $36.2 million, compared with $17.7 million a year earlier. Smartphone revenue fell 10% to $122.6 million, but consumer electronics, connected devices and automotive revenue nearly doubled to $55.7 million. Streaming and cloud services contributed $15 million.
The company reported $628.9 million in annualized recurring revenue. It calculates that measure by subtracting quarterly catch-up revenue from total revenue and multiplying the remainder by four. It is a run-rate measure, rather than revenue already collected over a year or a forecast.
Management expects 2026 revenue of $813 million–$819 million and reported diluted earnings of $8.93–$9.16 per share. The forecast includes contracted revenue only; additional agreements would change the outlook.
The company also announced an increase in its quarterly dividend to 75 cents per share from 70 cents.
Sources: InterDigital — October 29 Results: https://www.globenewswire.com/news-release/2026/10/29/3391273/24691/en/interdigital-announces-financial-results-for-third-quarter-2026.html