Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results July 30, 2026 ©2026 InterDigital, Inc. All Rights Reserved. 1
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 Q3 and full year 2026, and other financial and business goals. Forward-looking statem
Slide 3: Agenda
Q2 Financial & Business Highlights Q3 and FY26 Outlook Agenda Background on InterDigital Appendix ©2026 InterDigital, Inc. All Rights Reserved. 3
Slide 4: Financial & Business Highlights
Financial & Business Highlights ©2026 InterDigital, Inc. All Rights Reserved. 4
Slide 5: Q2 Financial Highlights
Revenue of $260M, Adj. EBITDAa of $184 million and Diluted EPS of $3.40 far exceed the top end of guidance range Q2 Financial Raised full year 2026 revenue outlook to between $775 million to $845 million, up $85 million at the midpoint Highlights Annualized Recurring Revenueb (ARR) at all-time
Slide 6: Recent Business Highlights
Reached milestone agreement in Streaming and Cloud Services program with Amazon; final terms to be determined by binding arbitration Recent Signed new IoT license agreements with a leading fintech company covering point-of-sale devices and with KEBA for EV chargers Business Awarded two injunct
Slide 7: Financial Results vs. Outlook
Financial Results vs. Outlook Q2’26 RESULTS Q2’26 OUTLOOK Revenue $260.2M $139M - $143M Adjusted EBITDAa $184.1M $67M - $73M Diluted EPS $3.40 $0.80 - $0.97 Non-GAAP EPSa $4.62 $1.41 - $1.60 aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations, as well as our Q2’26 10-Q for a
Slide 8: Q2'26 Results
Q2’26 Results YoY decline in Q2’26 profitability due to lower catch-up revenue and higher IP enforcement costs and share-based compensation ARRa Revenue 400 800 +13% YoY <13%> YoY 700 $626M 300 600 $553M 500 $162M 200 $104M 400 300 200 100 $138M $156M 100 0 0 Q2 ‘25 Q2 ‘26 Q2 ‘25 Q2 ‘26 Smartphone C
Slide 9: Q3 and FY26 Outlook
Q3 and FY26 Outlook ©2026 InterDigital, Inc. All Rights Reserved. 9
Slide 10: Company Raises FY 2026 Guidance
Company Raises FY 2026 Guidance (as of July 30, 2026) Q3’26 FY26 CURRENT FY26 PRIOR OUTLOOK OUTLOOK OUTLOOK Revenue $154M - $158M $775M - $845M $675M - $775M Adjusted EBITDAa $86M - $92M $469M - $529M $381M - $477M Diluted EPS $1.25 - $1.42 $7.91 - $9.67 $5.77 - $8.51 Non-GAAP EPSa $1.94 - $2.13 $10
Slide 11: Upcoming Investor Events
Upcoming Investor Events August Jefferies Semiconductor, IT Hardware & September Sidoti Small Cap Conference Communications Technology Conference 25 ● Chicago 23-24 ● Virtual August Midwest IDEAS Conference 26 ● Chicago ©2026 InterDigital, Inc. All Rights Reserved. 11
Slide 12: Background on InterDigital
Background on InterDigital ©2026 InterDigital, Inc. All Rights Reserved. 12
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, industry veterans patent portfo
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 MPEG Green Beyond VVC Beyond VVC Haptic AHG Sustainability in Steering Board TSAG NNVC AI AHG Co-Chair Chair Co-Chair of Two Co-Chair of Two Chair Media & Data Member Vice Chair Co-Chair & AI-PCC Chair
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 25: Accelerating Business Momentum
Accelerating Business Momentum ©2026 InterDigital, Inc. All Rights Reserved. 25
Slide 26: Licensing Momentum Drives Total Contract Value (TCV) Growth
Licensing Momentum Drives Total Contract Value (TCV) Growth ~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 ARRa Growth $650M $626M $600M $582M $550M $500M $468M $450M $414M $413M $406M $400M $356M $350M $300M Q4 ’20 Q4 ’21 Q4 ’22 Q4 ’23 Q4 ’24 Q4 ’25 Q2 ’26 a Please see appendix for a description of this metric and how it is calculated ©2026 InterDigital, Inc. All Rights Reserved
Slide 28: Strong Revenue Growth, Margins and Return of Capital
Strong Revenue Growth, Margins and Return of Capital Revenue up ~2X Non-GAAP EPSa 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 a 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 Business Time Forbes Newsweek Fortune Insider Magazine America’s America’s America’s America’s 100 Fastest- Best Mid-Cap High-Growth Growth Greatest Growing Companies Companies Leaders Companies Companies 2026 #1 2026 2025 2025 2025 ©2026 InterDigital, I
Slide 30: Long-term Growth Strategy
Long-term Growth Strategy ©2026 InterDigital, Inc. All Rights Reserved. 30
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+ ARRa Target 2030 Q2-2026 2030 $491M ~$500M ~$300M+ ~$200M $75M $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 a Please see ap
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 Q2 But Opportunity Remains
Good CE Momentum in Q2 But Opportunity Remains License coverage as of Q2 2026 PCs & TABLETS: ~400M TVs: ~210M ~15% ~20% ~20% ~25% ~60% ~30% ~30% Licensed Primary Opportunity In Litigation Other Note: Figures represent 2025 estimated shipments Source: Omdia ©2026 InterDigital, Inc. All Rights Reserve
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 ARRa Annual Growth Adjusted EBITDA going Target Target Marginb Target forward a Please see appendix for a d
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 41: Appendix
Appendix ©2026 InterDigital, Inc. All Rights Reserved. 41
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 Current Prior 2020 2021 2022 2023 2024 2025 Q2'26 Q2'25 Q2'26 Q3'26 (In millions) FY2026 FY2026 Net income attributable to InterDigital, Inc. $ 45 $ 55 $ 94 $ 214 $ 359 $ 407 $ 116 $ 181 $28 - $34 $42 - $48 $270 - $330 $202 - $298 Net loss
Slide 44: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook Current Prior 2020 2021 2022 2023 2024 2025 Q2'26 Q2'25 Q2'26 Q3'26 (In millions, except per share data) FY2026 FY2026 Net income attributable to InterDigital, Inc. $ 45 $ 55 $ 94 $ 214 $ 359 $ 407 $ 116 $ 181 $28 - $34 $42 - $48 $270 - $3