InterDigital Q1 2026 Earnings Release and Financial Results

InterDigital, Inc. reported its first quarter 2026 financial results, announcing revenue of $205.4 million, adjusted EBITDA of $111.8 million, and diluted EPS of $2.14, all exceeding the top end of the company's guidance range. The company signed six new agreements in Q1, including renewals with Xiaomi and a new license with LG Electronics covering TVs and computer displays. Annualized recurring revenue increased 13% year-over-year to $567.2 million, with smartphone ARR reaching an all-time high of $491.8 million. Despite a 2% decline in revenue compared to Q1 2025 due to lower catch-up revenue, the company reaffirmed its full-year 2026 guidance. InterDigital also returned $114.3 million of capital to shareholders through share repurchases, dividends, and debt reduction. The company highlighted its promotion to the S&P MidCap 400 and recognition as one of the world's 100 most innovative companies by LexisNexis for the fifth consecutive year.