InterDigital, Inc. 8K

InterDigital, Inc. announced Q2 2026 results driven by a new Amazon streaming and cloud services agreement, raised its full-year 2026 revenue and earnings outlook, and disclosed the current convertibility and expected impact of its 2027 convertible notes and related hedging and warrant arrangements.

InterDigital, Inc. reported its financial results for the quarter ended June 30, 2026, highlighting that a new Streaming and Cloud Services agreement with Amazon helped drive second-quarter revenue of $260.2 million and annualized recurring revenue to a record $625.7 million, up 13% year over year, despite lower catch-up revenue and reduced net income versus the prior year period. The company announced several business developments, including an Amazon agreement covering services and devices (with final terms to be set by binding arbitration), a new IoT license with a leading fintech for point-of-sale devices, and the award of two patent injunctions against Disney by Europe’s Unified Patent Court covering eleven countries. Based on stronger momentum and contributions from new agreements and enforcement actions, InterDigital raised its full-year 2026 revenue outlook from $675–$775 million to $775–$845 million and increased its adjusted EBITDA and EPS guidance accordingly. The company also disclosed that its 3.50% Senior Convertible Notes due 2027 are convertible during the quarter ending September 30, 2026, that $380 million principal remains outstanding with $80.3 million already elected for conversion (expected to settle in Q3 2026 without incremental share issuance due to hedging), and that warrants for 6.0 million shares at a $105.43 strike remain outstanding and mature between September 2027 and April 2028. InterDigital further noted continued capital returns via share repurchases and dividends and provided detailed GAAP and non-GAAP financial metrics, cash flow data, and balance sheet information to support its updated guidance and capital structure disclosures.

Filing Facts

CIK

1405495

Ticker

-

Form

8K

Source Type

sec

Accession

0001405495-26-000065

Alert Tier

7