InterDigital
Develops and licenses wireless, video, and AI patents across connected devices and cloud services.
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Profile
Develops wireless, video, and AI technologies and earns primarily fixed licensing fees from patents used in smartphones, consumer electronics, connected vehicles, and streaming and cloud services. Standards participation helps build the portfolio, while revenue remains concentrated among a limited group of major licensees.
Develops and licenses foundational wireless, video, and artificial-intelligence technologies rather than selling consumer products. Research spans cellular and Wi-Fi systems, video coding and delivery, and AI applied to wireless networks and compression; the resulting patents are used across smartphones, consumer electronics, connected vehicles, and streaming and cloud services.
Revenue comes primarily from worldwide patent licenses, mostly fixed-fee agreements, across Smartphone, CE, IoT/Auto, and Streaming and Cloud Services programs. The research organization builds the portfolio through internal R&D, standards-body participation, partnerships, and selected acquisitions.
Commercial execution depends on embedding inventions in technical standards, renewing agreements with major manufacturers and service providers, and enforcing patent rights when terms are disputed. A small number of licensees account for much of revenue, while standards-essential patents remain subject to FRAND commitments, litigation, arbitration, and regulatory scrutiny.
Company facts
Categories
Key statistics
Year to date +2.7% · Average volume (30d) 225.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Dec 1, 2025 | UBS | Target | $425 | |||
| Oct 30, 2025 | Jefferies | Reiterate | Buy | $340 | $475 | |
| Oct 27, 2025 | Jefferies | Upgrade | Hold | Buy | ||
| Sep 29, 2025 | Jefferies | Target | $80 | $340 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.90 | $4.62 | +411.6% | $143.1M | $260.2M | +81.8% | +16.16% |
| Apr 30, 2026Q1 FY26 | $2.54 | $2.57 | +1.2% | $196.9M | $205.4M | +4.4% | −2.04% |
| Feb 5, 2026Q4 FY25 | $1.37 | $2.12 | +54.7% | $150.6M | $158.2M | +5.1% | +7.54% |
| Oct 30, 2025Q3 FY25 | $1.79 | $2.55 | +42.5% | $155.6M | $164.7M | +5.9% | −8.68% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $210.5M | $300.6M | $164.7M | $158.2M | $205.4M | $260.2M | |
| Gross profit | $192.8M | $276.7M | $135.1M | $125.9M | $153.3M | $206.0M | |
| Operating income | $131.8M | $205.4M | $75.8M | $47.8M | $82.3M | $139.2M | |
| Net income | $115.6M | $180.6M | $67.5M | $43.0M | $75.3M | $116.4M | |
| Diluted EPS | $3.45 | $5.35 | $1.93 | $1.20 | $2.14 | $3.40 | |
| Gross margin | 91.6% | 92.0% | 82.0% | 79.6% | 74.6% | 79.2% | |
| Operating margin | 62.6% | 68.3% | 46.0% | 30.2% | 40.0% | 53.5% |
Fiscal years (4-quarter sums)FY21 $425.4M · FY22 $457.8M · FY23 $549.6M · FY24 $868.5M · FY25 $834.0M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.11B · Total debt $401.5M · Total assets $2.19B · Shareholders' equity $1.20B
Dividends
Raised for 14 straight years — most recently to $0.70 from $0.60 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 8, 2026 | Jul 8 | Jul 22 | $0.70 | |
| Apr 8, 2026 | Apr 8 | Apr 22 | $0.70 | |
| Jan 14, 2026 | Jan 14 | Jan 28 | $0.70 | |
| Oct 8, 2025 | Oct 8 | Oct 22 | $0.70 | raised from $0.60 |
| Jul 9, 2025 | Jul 9 | Jul 23 | $0.60 | |
| Apr 9, 2025 | Apr 9 | Apr 23 | $0.60 | raised from $0.45 |
| Jan 8, 2025 | Jan 8 | Jan 22 | $0.45 | |
| Oct 9, 2024 | Oct 9 | Oct 23 | $0.45 | raised from $0.40 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 25.81M · Float 25.30M · 98.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.91M | 15.14% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 2.61M | 10.13% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 1.62M | 6.29% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.16M | 4.51% | 13F | Aug 13, 2026 |
| Boston Partners | 1.14M | 4.43% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Joan H. Gillman | director | −300 | $331.06 |
| Aug 5, 2026 | Rajesh Pankaj | officer: Chief Technology Officer | −1,500 | $324.88 |
| Jul 6, 2026 | Rajesh Pankaj | officer: Chief Technology Officer | −1,500 | $286.00 |
| Jun 22, 2026 | John D. Jr. Markley | director | −400 | $300.00 |
| Jun 12, 2026 | Derek K. Aberle | director | −522 | $276.64 |
Peers
- Qualcomm
Broadest peer in cellular SEP licensing and wireless R&D
- Nokia (ADR)
Standards patent peer in cellular, multimedia, IoT and auto
- Ericsson (ADR)
Cellular standards and patent-licensing rival with scale
- Dolby
Video and audio codec licensing peer in CE and streaming
- Adeia
Media and semiconductor IP licensing peer
- Rambus
Narrower peer in semiconductor patent and technology licensing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| InterDigital | $335.00 | −0.04% | $8.65B | 38.7 | 45.2 | 11.0 | −13.5% |
| Qualcomm | $164.28 | +0.07% | $172.40B | 18.7 | 17.7 | 3.9 | −4.0% |
| Nokia (ADR) | $10.18 | −0.29% | $55.14B | 71.4 | 24.3 | 2.5 | +2.3% |
| Ericsson (ADR) | $9.91 | −0.35% | $32.67B | 12.9 | 20.2 | 1.4 | −6.7% |
| Dolby | $61.50 | −0.02% | $5.85B | 26.2 | 13.6 | 4.3 | −3.3% |
| Adeia | $25.65 | −0.27% | $2.84B | 23.8 | 17.8 | 6.0 | +12.1% |
| Rambus | $86.08 | +0.42% | $9.30B | 39.3 | 25.4 | 12.3 | +20.4% |
| Median | 25.0 | 19.0 | 4.1 | −0.5% |