Interdigital, Inc. · NASDAQ:IDCC

Interdigital — Q3 2026 Earnings Presentation

44 slides from Interdigital's earnings presentation, Oct 29, 2026

Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act, including but not limited to statements related to our outlook for Q4 and full year 2026, and other financial and business goals. Forward-looking statem
Slide 5: Q3 Financial Highlights
 Revenue up 17% YoY to $193M, Adj. EBITDA1 up 25% YoY to $131 million and Non-GAAP EPS1 up 22% YoY to $3.11, all far exceeding top end of guidance range  Annualized Recurring Revenue2 (ARR) at all-time high of Q3 Financial $629 million  CE, IoT/Auto revenue up 97% YoY to $56 million Highlights 
Slide 6: Recent Business Highlights
 Reached agreement via binding arbitration with a top PC manufacturer; 4 of the top 5 PC vendors now licensed  Signed IoT license with EV charging company KEBA Recent  Awarded two new injunctions against Disney by Europe’s Business Unified Patent Court; in total eight injunctions won against Disn
Slide 7: Financial Results vs. Outlook
Financial Results vs. Outlook Q3’26 RESULTS Q3’26 OUTLOOK Revenue $193.4M $154M - $158M Adjusted EBITDA1 $131.3M $86M - $92M Diluted EPS $2.34 $1.25 - $1.42 Non-GAAP EPS1 $3.11 $1.94 - $2.13 1 Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations, as well as our Q3’26 10-Q for
Slide 8: Q3'26 Results
Q3’26 Results ARR Revenue 800 +7% YoY +17% YoY 700 $629M 200 $588M 600 $36M $18M 500 400 100 300 $157M $147M 200 100 0 0 Q3 ‘25 Q3 ‘26 Q3 ‘25 Q3 ‘26 Smartphone CE, IoT / Auto Streaming & Cloud Recurring Catch-up 200 Adjusted EBITDA1 100% 90% 5.0 Non-GAAP EPS1 4.5 +25% YoY 80% 4.0 +22% YoY 68% 64% 70
Slide 10: Near Term Outlook
Near Term Outlook Q4’26 OUTLOOK* FY26 OUTLOOK* Revenue $154M - $160M $813M - $819M Adjusted EBITDA1 $80M - $88M $507M - $515M Diluted EPS $1.04 - $1.27 $8.93 - $9.16 Non-GAAP EPS1 $1.72 - $1.98 $11.99 - $12.25 The outlook for fourth quarter 2026 and full year 2026 is based on contracted revenue only
Slide 11: Upcoming Investor Events
Upcoming Investor Events November RBC Tech Conference December NASDAQ London Investor Conference 17 ● New York 8 ● London November Roth Tech Conference 18 ● New York ©2026 InterDigital, Inc. All Rights Reserved. 11
Slide 13: InterDigital
01 Company Introduction Long-term 05 InterDigital 02 Premier Team Growth Strategy Innovating Today, Empowering Tomorrow 04 03 Accelerating Business Foundational Technology Momentum Development ©2026 InterDigital, Inc. All Rights Reserved. 13
Slide 14: InterDigital Pioneering Wireless, Video and AI Research
InterDigital Pioneering Wireless, Video and AI Research HIGHLIGHTS Industry-leading Long-term customers Enabling ecosystem World-class team Driving foundational patents Evergreen Subscription-like revenue, ~9B wireless connections Led by seasoned research in wireless, with $7.6T economic industry ve
Slide 15: World-Class Leadership Team
World-Class Leadership Team Decades of industry experience. Strong track record. Drive deep collaboration and superb execution. Liren Chen Rajesh Pankaj Rich Brezski Julia Mattis CEO CTO CFO Chief Licensing Officer Ken Kaskoun Skip Maloney Joshua Schmidt Robert S. Stien Chief Growth Officer Chief Pe
Slide 16: Subscription-Based Licensing Model
Subscription-Based Licensing Model A Virtuous Cycle of Innovation We are a foundational R&D company. We share our innovation through the standards process and monetize our technology through IP licensing. PATENT LICENSING PORTFOLIO $ RESEARCH & IMPLEMENTERS INNOVATION STANDARD TECHNOLOGY DEVELOPMENT
Slide 17: We Focus on Foundational Technologies
We Focus on Foundational Technologies We solve the most complex problems in the system. The technology we created is broadly applicable to many industries WIRELESS VIDEO AI Cellular wireless - 4G/5G/6G Video compression, transport AI/ML research to deliver next gen and enhancement wireless and video
Slide 18: Our Innovations Help Drive Video Codec Evolution
Our Innovations Help Drive Video Codec Evolution Uncompressed: 11,600GB Compressed AVC: ~24 GB(1) VP9: ~15 GB HEVC: ~14 GB(1) AV1: ~11 GB VVC: ~9 GB(2) 4K Movie 130-Minute Run Time (1) http://www.iam-media.com/litigation/what-will-tv-cost-you-putting-price-hevc-licences (2) Approximated based on the
Slide 19: The Power of the Global Standards System
CONSUMERS A global system of standards helps ensure interoperability The Power of the Global IMPLEMENTERS Standards like 5G lower barriers to Standards entry for new entrants into a market like smartphones and benefit from System economies of scale OPERATORS AND SERVICE PROVIDERS Standards increase
Slide 20: InterDigital Drives Standard Development
InterDigital Drives Standard Development UNITING PRINCIPLES STRONG LEADERSHIP BROAD COLLABORATIONS Strong belief in global standards Participate in 100+ standard Collaborate with many industry development organizations (SDO) partners and leading universities Focus on technology merits and neutral on
Slide 21: We Lead Standard Development
We Lead Standard Development More than 100 Leadership Positions in Wireless, Video & AI Standards Beyond VVC Beyond VVC Green MPEG Haptics Sustainability in Commercial Steering Board TSAG NNVC AI AHG Co-Chair Co-Chair of Two JVET Software Co-Chair Co-Chair Media & Data Module – Energy Member Vice Ch
Slide 22: Multiple 3GPP Chair Positions to Lead 6G Standard
Multiple 3GPP Chair Positions to Lead 6G Standard Radio Access Network Services & System Core Network & (RAN) Aspects (SA) Terminals (CT) WG1 WG1 WG1 Radio Layer1 Services User Equipment To Core Network Protocols WG2 WG2 WG3 Radio Layer 2/3 System Architecture Interworking With External Networks WG3
Slide 23: InterDigital is a Recognized Global Innovation Leader
InterDigital is a Recognized Global Innovation Leader For the fifth year in a row, LexisNexis recognized InterDigital amongst the World’s 100 Most Innovative Businesses. Innovation Momentum 2026: The Global Top 100, “represents the world’s leading patent owners with the highest innovation momentum.”
Slide 24: Innovation Engine Fuels Evergreen IP Portfolio
Innovation Engine Fuels Evergreen IP Portfolio Our patent portfolio has grown > 100% since 2017 with the addition of video & DTV related technologies and continuing growth of wireless assets 2017: 2026: ~19,000 Assets ~40,000 Assets Adding ~7 new patents/day Cellular WiFi Video Other ©2026 InterDigi
Slide 26: Licensing Momentum Drives Total Contract Value (TCV) Growth
Licensing Momentum Drives Total Contract Value (TCV) Growth Over 60 licenses with TCV of $5B+ since the start of 2021 $5B $4B $3B $2B $1B $0B 2021 2022 2023 2024 2025 2026 ©2026 InterDigital, Inc. All Rights Reserved. 26
Slide 27: Licensing Success Drives ARR Growth
Licensing Success Drives ARR Growth $650M $629M $600M $582M $550M $500M $468M $450M $414M $413M $406M $400M $356M $350M $300M 2020 2021 2022 2023 2024 2025 Q3 ‘26 ©2026 InterDigital, Inc. All Rights Reserved. 27
Slide 28: Strong Revenue Growth, Margins and Return of Capital
Strong Revenue Growth, Margins and Return of Capital Revenue up ~2X Non-GAAP EPS1 up ~ 7X $869M $834M $14.97 $15.31 $550M $9.23 $425M $458M $359M $5.08 $3.73 $2.27 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 Adjusted EBITDA up ~4X 1 Return of Capital > $800M $1,000M 90% Reduced share
Slide 29: Recognized As One Of America's Best Companies
Recognized As One Of America’s Best Companies Time Newsweek Business Forbes Fortune Magazine Insider America’s America’s America’s America’s 100 Fastest- Growth Greatest High-Growth Best Mid-Cap Growing Leaders Companies Companies Companies Companies 2027 2026 2026 2026 #1 2025 ©2026 InterDigital, I
Slide 31: Our Technologies Benefit the Economy and the World
Our Technologies Benefit the Economy and the World Mobile technologies 5.8 billion Mobile technologies and services people globally and services Enables 50 million projected to add subscribed to a generate $7.6 jobs across the nearly $4 trillion mobile service, trillion economic wider mobile to the
Slide 32: We Address Three Large Markets
We Address Three Large Markets ’25 – ’30E Significant 2025A TAM CAGR Customers Key Market Dynamic Market Increasing ~1.25B Units SMARTPHONES ~(1)% <10 concentration of (~$465B)(1) top OEMs Mix of mature and ~1.8B Units growth with CE, IoT/AUTO ~4% ~100 (~$440B)(2) fragmentation across certain vertic
Slide 33: Clear Pathway to Growth $1B+
Clear Pathway to Growth $1B+ ARR Target 2030 Q3-2026 2030 $491M ~$500M ~$300M+ ~$200M $78M $60M (by (by 2027) 2027) SMARTPHONE CE, IOT/AUTO STREAMING & Increase penetration Increase penetration CLOUD SERVICES Enhance valuation during renewals Expand market coverage Drive penetration ©2026 InterDigit
Slide 34: Strong Execution Drives High Penetration
Strong Execution Drives High Penetration 2026E SMARTPHONE SHIPMENTS: ~1.1B Licensing coverage: ~85% • 8 of top 10 OEMs under license • Top 3 licensed thru end of decade ~5% • Focus on driving higher value from key customers during renewal cycle ~6% 17% 51% 28% ~85% Licensed Primary Opportunity In Li
Slide 35: Good CE Momentum in Q3 But Opportunity Remains
Good CE Momentum in Q3 But Opportunity Remains License coverage as of Q3 2026 PCs & TABLETS: ~450M TVs: ~210M ~15% ~20% ~20% ~15% ~70% ~30% ~30% Licensed Primary Opportunity In Litigation Other Note: Figures represent 2025 estimated shipments / Dell in binding arbitration Source: Omdia ©2026 InterDi
Slide 36: Growth Across Cellular IoT and Automotive
Growth Across Cellular IoT and Automotive PASSENGER VEHICLE SHIPMENTS (M) CELLULAR IOT SHIPMENTS (M) 5G Unaddressed 4G ~90M Addressed ~860M TAM CAGR TAM CAGR +7% +9% ~65M 5G auto ~550M market Healthcare driving Industrial IoT value Smart Cities ~85% of growth 4G auto market Energy & Utilities licens
Slide 37: SVoD and AVoD Are Our Current Focus
SVoD and AVoD Are Our Current Focus 2025 TAM 2030 TAM TAM CAGR VIDEO SVoD AVoD GLOBAL PAY-TV CONFERENCING CLOUD GAMING +14% +6% +4% $580 B +3% -1% $245 B $180 B $305 B $170 B $155B $18 B $21 B $5 B $6 B Source: Omdia Note: Cloud gaming forecast data limited to 2028 and SVOD includes ad tier subscrip
Slide 38: Capital Allocation Priorities
Capital Allocation Priorities Organic investment Inorganic Maintain fortress Return Excess cash in business investment balance sheet to shareholders Prioritize investment Opportunistic and Financial strength > $600M in share into research and strategic is a strategic asset repurchases last 5 yrs IP
Slide 39: Target Financial Model for 2030
Target Financial Model for 2030 Subscription Model Large TAMs Provide Operating Leverage Underpins ARR Growth Opportunity Enables Margin Expansion Well $1B+ 10%+ 60%+ positioned to drive value ARR ARR Adjusted EBITDA going Target CAGR Margin1 Target forward 1 Non-GAAP financial measure. Refer to non
Slide 40: Key Takeaways
World-class leadership and functional teams across the board Accelerating momentum for R&I, standard development, Key patent portfolio creation and licensing driven by continuing investment and strong execution Takeaways Our technologies are critical to devices and services of multiple industries, g
Slide 42: Supplemental Metrics
Supplemental Metrics Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targe
Slide 43: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook 2020 2021 2022 2023 2024 2025 Q3'26 Q3'25 Q3'26 Q4'26 FY 2026 (In millions) Net income attributable to InterDigital, Inc. $ 45 $ 55 $ 94 $ 214 $ 359 $ 407 $ 80 $ 68 $42 - $48 $35 - $43 $307 - $315 Net loss attributable to non-controlling i
Slide 44: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook 2020 2021 2022 2023 2024 2025 Q3'26 Q3'25 Q3'26 Q4'26 FY 2026 (In millions, except per share data) Net income attributable to InterDigital, Inc. $ 45 $ 55 $ 94 $ 214 $ 359 $ 407 $ 80 $ 68 $42 - $48 $35 - $43 $307 - $315 Share-based compens

InterDigital — Q3 2026 Earnings Presentation on 6ix

Interdigital — Q3 2026 Earnings Presentation

Slide 1: Third Quarter 2026 Results

Slide 2: Disclaimers

Slide 3: Agenda

Slide 4: Financial & Business Highlights

Slide 5: Q3 Financial Highlights

Slide 6: Recent Business Highlights

Slide 7: Financial Results vs. Outlook

Slide 8: Q3'26 Results

Slide 9: Q4 and FY26 Outlook

Slide 10: Near Term Outlook

Slide 11: Upcoming Investor Events

Slide 12: Background on InterDigital

Slide 13: InterDigital

Slide 14: InterDigital Pioneering Wireless, Video and AI Research

Slide 15: World-Class Leadership Team

Slide 16: Subscription-Based Licensing Model

Slide 17: We Focus on Foundational Technologies

Slide 18: Our Innovations Help Drive Video Codec Evolution

Slide 19: The Power of the Global Standards System

Slide 20: InterDigital Drives Standard Development

Slide 21: We Lead Standard Development

Slide 22: Multiple 3GPP Chair Positions to Lead 6G Standard

Slide 23: InterDigital is a Recognized Global Innovation Leader

Slide 24: Innovation Engine Fuels Evergreen IP Portfolio

Slide 25: Accelerating Business Momentum

Slide 26: Licensing Momentum Drives Total Contract Value (TCV) Growth

Slide 27: Licensing Success Drives ARR Growth

Slide 28: Strong Revenue Growth, Margins and Return of Capital

Slide 29: Recognized As One Of America's Best Companies

Slide 30: Long-term Growth Strategy

Slide 31: Our Technologies Benefit the Economy and the World

Slide 32: We Address Three Large Markets

Slide 33: Clear Pathway to Growth $1B+

Slide 34: Strong Execution Drives High Penetration

Slide 35: Good CE Momentum in Q3 But Opportunity Remains

Slide 36: Growth Across Cellular IoT and Automotive

Slide 37: SVoD and AVoD Are Our Current Focus

Slide 38: Capital Allocation Priorities

Slide 39: Target Financial Model for 2030

Slide 40: Key Takeaways

Slide 41: Appendix

Slide 42: Supplemental Metrics

Slide 43: Non-GAAP Reconciliation

Slide 44: Non-GAAP Reconciliation