Largest Agreement in Company History
InterDigital concluded arbitration with Samsung, resulting in an 8-year license agreement through 2030. Samsung will pay over $1 billion, equating to $131 million per year, a 67% increase from the previous agreement.
Record Annualized Recurring Revenue
Annualized recurring revenue reached an all-time record of $553 million, a 44% increase year-over-year, driven by the new Samsung agreement and other licensing deals.
Strong Performance in Smartphone Licensing
Smartphone program ARR reached $465 million, covering almost 80% of the global market. Recent agreements with Oppo, Vivo, and Lenovo contributed to a 58% year-over-year increase in smartphone ARR.
Growth in Consumer Electronics and IoT
Revenue from the CE and IoT program increased 175% in Q2 to about $65 million, supported by a new license agreement with HP.
Increased Full-Year 2025 Guidance
Full-year 2025 guidance raised to between $790 million and $850 million, up $110 million at midpoint, reflecting strong business momentum.
Record Adjusted EBITDA and Non-GAAP EPS
Q2 adjusted EBITDA was $237 million with a margin of 79%, and non-GAAP EPS reached an all-time high of $6.52, exceeding guidance.
Strong Free Cash Flow Projection
Free cash flow for full year 2025 is expected to exceed $400 million, nearly double the 2024 levels.