Reports Q2 revenue $300.6M, consensus $192.93M. “Our agreement with Samsung is the largest license InterDigital (IDCC) has ever signed, worth more than $1 billion in total contract value over eight years. We have increased the mid-point of our annual revenue guidance by $110 million to $820 million and driven annualized recurring revenue to well over half a billion dollars,” commented Liren Chen, President and CEO, InterDigital. “As we continue to make progress across our licensing programs, the total contract value of licenses that we have signed since 2021 is now more than $4 billion, demonstrating the accelerating momentum of our IP-as-a-service business model.”
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