InterDigital (IDCC) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 11:59 AM CDT 20 min read

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DATE

Thursday, April 30, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Liren Chen

• Chief Financial Officer — Rich Brezski

• Vice President, Investor Relations — Raiford Garrabrant

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Full Conference Call Transcript

Liren Chen, our President and CEO, and Rich Brezski, our CFO. As successful anterior calls, we volition connection immoderate highlights astir the 4th and the company, and past unfastened the telephone up for questions. For further details, you tin entree our net merchandise and descent presumption that travel this telephone connected our Investor Relations website. Before we statesman our remarks, I request to punctual you that successful this call, we volition marque forward-looking statements regarding our existent beliefs and plans. Expectations are not guarantees of aboriginal show and are made lone arsenic of the day hereof.

Forward-looking statements are taxable to risks and uncertainties that could origin existent results and events to disagree materially from results and events contemplated by specified forward-looking statements. These risks and uncertainties see those described successful the Risk Factors conception of our 2025 Annual Report connected Form 10-K and successful our different SEC filings. In addition, today's presumption whitethorn incorporate references to non-GAAP fiscal measures. Reconciliations of these non-GAAP fiscal measures to the astir straight comparable GAAP fiscal measures are included successful the supplemental materials posted to the Investor Relations conception of our website. With that taken attraction of, I volition crook the telephone implicit to Liren. Thank you, Rich. Good morning, everyone.

We volition present unfastened the telephone for questions pursuing our prepared remarks.

Liren Chen: Thanks for joining america today. We person made a precise beardown commencement to 2026 with continued momentum crossed our licensing programs, our probe and innovation pipeline, our standards improvement leadership, and our patent portfolio growth. Revenue, adjusted EBITDA, and EPS were each supra the apical extremity of our guidance. Our annualized recurring gross is present astatine $567 million, up 13% year-over-year. In licensing, we person a productive 4th with six caller agreements. We renewed our statement with Xiaomi done bilateral negotiation. Xiaomi is the world's third-largest smartphone shaper down Apple and Samsung. This renewal helped thrust annualized recurring gross successful our smartphone programme to a grounds $492 million.

With the Xiaomi renewal, we present person 8 of the apical 10 planetary smartphone manufacturers nether license, covering astir 85% of the market. We besides person the world's apical 3 smartphone vendors nether licence done the extremity of the decade. Our occurrence successful our smartphone programme provides a beardown basal from which to thrust further growth. In user electronics, astatine the commencement of the year, we completed a caller licence with LG Electronics. LG is 1 of the apical planetary TV manufacturers, and the caller statement was reached done our associated TV licensing programme with Sony.