Interdigital, Inc. · NASDAQ:IDCC

Interdigital — Q3 2026 Earnings Presentation

44 slides from Interdigital's earnings presentation, Oct 29, 2026

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 Q4 and full year 2026, and other financial and business goals. Forward-looking statem
Slide 5: Q3 Financial Highlights
Q3 Financial Highlights  Revenue up 17% YoY to $193M, Adj. EBITDA1 up 25% YoY to $131 million and Non-GAAP EPS1 up 22% YoY to $3.11, all far exceeding top end of guidance range  Annualized Recurring Revenue2 (ARR) at all-time high of $629 million  CE, IoT/Auto revenue up 97% YoY to $56 million 
Slide 6: Recent Business Highlights
Recent Business Highlights  Reached agreement via binding arbitration with a top PC manufacturer; 4 of the top 5 PC vendors now licensed  Signed IoT license with EV charging company KEBA  Awarded two new injunctions against Disney by Europe’s Unified Patent Court; in total eight injunctions won a
Slide 7: Financial Results vs. Outlook
Financial Results vs. Outlook Q 3 ’ 2 6 R E S U L T S Q 3 ’ 2 6 O U T L O O K Revenue $193.4M $154M - $158M Adjusted EBITDA1 $131.3M $86M - $92M Diluted EPS $2.34 $1.25 - $1.42 Non-GAAP EPS1 $3.11 $1.94 - $2.13 1 Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations, as well as
Slide 8: Q3'26 Results: ARR, Revenue, Adjusted EBITDA, Non-GAAP EPS
$105M $131M 64% 68% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 100 200 ARR +7% YoY Q3’26 Results 8 0 100 200 300 400 500 600 700 800 Q3 ‘25 Q3 ‘26 $629M CE, IoT / AutoSmartphone $147M $157M $18M $36M 0 100 200 Q3 ‘25 Q3 ‘26 Revenue +17% YoY Q3 ‘25 Q3 ‘26 Adjusted EBITDA1 +25% YoY $2.55 $3.11 0.0
Slide 10: Near Term Outlook
Near Term Outlook 10 Q 4 ’ 2 6 O U T L O O K * F Y 2 6 O U T L O O K * Revenue $154M - $160M $813M - $819M Adjusted EBITDA1 $80M - $88M $507M - $515M Diluted EPS $1.04 - $1.27 $8.93 - $9.16 Non-GAAP EPS1 $1.72 - $1.98 $11.99 - $12.25 1 Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reco
Slide 11: Upcoming Investor Events
Upcoming Investor Events November 17 RBC Tech Conference ● New York 11©2026 InterDigital, Inc. All Rights Reserved. November 18 Roth Tech Conference ● New York December 8 NASDAQ London Investor Conference ● London
Slide 13: InterDigital: Innovating Today, Empowering Tomorrow
Premier Team Foundational Technology Development Company Introduction Long-term Growth Strategy Accelerating Business Momentum 01 0304 0205 InterDigital Innovating Today, Empowering Tomorrow 13©2026 InterDigital, Inc. All Rights Reserved.
Slide 14: InterDigital Pioneering Wireless, Video and AI Research
InterDigital Pioneering Wireless, Video and AI Research 14 71% Adj. EBITDA Margin2 KEY CUSTOMERS INCLUDE: ~$1.2B Cash 2025 F inancial Resul ts $834M Revenue H I G H L I G H T S Driving foundational research in wireless, video & AI since 1972 World-class team Led by seasoned industry veterans Enablin
Slide 15: World-Class Leadership Team
Rich Brezski CFO Julia Mattis Chief Licensing Officer 15 World-Class Leadership Team Robert S. Stien Chief Communications & Public Policy Officer Ken Kaskoun Chief Growth Officer Joshua Schmidt Chief Legal Officer Skip Maloney Chief People Officer Liren Chen CEO Rajesh Pankaj CTO Decades of industry
Slide 16: Subscription-Based Licensing Model
16 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. $ RESEARCH & INNOVATION PATENT PORTFOLIO LICENSING IMPLEMENTERS STANDARD DEVELOPMENT TECHNOL
Slide 17: We Focus on Foundational Technologies
17 We Focus on Foundational Technologies We solve the most complex problems in the system. The technology we created is broadly applicable to many industries W I R E L E S S Cellular wireless - 4G/5G/6G WiFi and wireless local area networks V I D E O Video compression, transport and enhancement Imme
Slide 18: Our Innovations Help Drive Video Codec Evolution
18 Our Innovations Help Drive Video Codec Evolution 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 result from 3GPP document https://www.3gpp.org/ftp/Specs/archive/26_series/26.955/26955-h00.zip Sou
Slide 19: The Power of the Global Standards System
19 The Power of the Global Standards System C O N S U M E R S A global system of standards helps ensure interoperability I M P L E M E N T E R S Standards like 5G lower barriers to entry for new entrants into a market like smartphones and benefit from economies of scale O P E R A T O R S A N D S E R
Slide 20: InterDigital Drives Standard Development
20 InterDigital Drives Standard Development U N I T I N G P R I N C I P L E S Strong belief in global standards Focus on technology merits and neutral on product implementation decisions S T R O N G L E A D E R S H I P Participate in 100+ standard development organizations (SDO) Hold more than 100 l
Slide 21: We Lead Standard Development
©2026 InterDigital, Inc. All Rights Reserved. Green MPEG Co-Chair JVET Beyond VVC JVET Software Coordinator JVET Beyond VVC Co-Chair of Two AHG Haptics Co-Chair Sustainability in Media & Data Delivery Services Co-Chair Steering Board Member TSAG Vice Chair NNVC Co-Chair & SW Chair JVET AI AHG Co-Cha
Slide 22: Multiple 3GPP Chair Positions to Lead 6G Standard
22 Multiple 3GPP Chair Positions to Lead 6G Standard Radio Access Network (RAN) WG1 Radio Layer1 WG2 Radio Layer 2/3 WG3 Architecture & Related Network Interfaces WG4 Radio Performance & Protocol Aspects WG5 Mobile Terminal Conformance Testing Services & System Aspects (SA) WG1 Services WG2 System A
Slide 23: Recognized Global Innovation Leader
23 2022: 2023: 2024: 2025: ©2026 InterDigital, Inc. All Rights Reserved. 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
Slide 24: Innovation Engine Fuels Evergreen IP Portfolio
Innovation Engine Fuels Evergreen IP Portfolio Cellular WiFi Video Other ~19,000 Assets ~40,000 Assets Our patent portfolio has grown > 100% since 2017 with the addition of video & DTV related technologies and continuing growth of wireless assets 2017: 2026: Adding ~7 new patents/day ©2026 InterDigi
Slide 26: Licensing Momentum Drives TCV Growth
$0B $1B $2B $3B $4B $5B Licensing Momentum Drives Total Contract Value (TCV) Growth Over 60 licenses with TCV of $5B+ since the start of 2021 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 26 2 0 2 6 ©2026 InterDigital, Inc. All Rights Reserved.
Slide 27: Licensing Success Drives ARR Growth
Licensing Success Drives ARR Growth 27 $356M $406M $414M $413M $468M $582M $629M $450M $500M $550M $600M $400M $350M $650M $300M 2020 2021 2022 2023 2024 2025 Q3 ‘26 ©2026 InterDigital, Inc. All Rights Reserved.
Slide 28: Strong Revenue Growth, Margins and Return of Capital
$155M $208M $255M $345M $551M $589M 43% 49% 56% 63% 63% 71% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% $0M $200M $400M $600M $800M $1,000M 2021 2022 2023 2024 2025 Strong Revenue Growth, Margins and Return of Capital Non-GAAP EPS1 up ~ 7X - - - - - -Adj EBITDA Margin1 Revenue up ~2X Adjusted EBITDA up ~
Slide 29: Recognized As One Of America's Best Companies
29 Recognized As One Of America’s Best Companies Newsweek FortuneTime Magazine Forbes ©2026 InterDigital, Inc. All Rights Reserved. America’s Greatest Companies 2026 100 Fastest- Growing Companies 2025 America’s Growth Leaders 2027 America’s Best Mid-Cap Companies 2026 #1 America’s High-Growth Compa
Slide 31: Our Technologies Benefit the Economy and the World
31 Our Technologies Benefit the Economy and the World Source: GSMA The Mobile Economy 2026 5.8 billion people globally subscribed to a mobile service, including 4.7 billion who used the mobile internet Mobile technologies and services generate $7.6 trillion economic value, 6.4% of global GDP Enables
Slide 32: We Address Three Large Markets
32 We Address Three Large Markets Market Key Market Dynamic Significant Customers STREAMING & CLOUD SERVICES High growth with increasing focus on profitability ~11% <20 CE, IoT/AUTO ~4% ~100 Increasing concentration of top OEMs SMARTPHONES <10 Mix of mature and growth with fragmentation across certa
Slide 33: Clear Pathway to Growth
33 Clear Pathway to Growth Q3-2026 2030 SMARTPHONE I n c r e a s e p e n e t r a t i o n E n h a n c e v a l u a t i o n d u r i n g r e n e w a l s CE, IOT/AUTO I n c r e a s e p e n e t r a t i o n E x p a n d m a r k e t c o v e r a g e S T R E A M I N G & C L O U D S E R V I C E S D r i v e p e
Slide 34: Strong Execution Drives High Penetration In Smartphones
Strong Execution Drives High Penetration 34 In Litigation Licensed Primary Opportunity Note: Lenovo in binding arbitration 2 0 2 6 E S M A R T P H O N E S H I P M E N T S : ~ 1 . 1 B Source: Counterpoint Research Licensing coverage: ~85% • 8 of top 10 OEMs under license • Top 3 licensed thru end of
Slide 35: Good CE Momentum in Q3 But Opportunity Remains
Good CE Momentum in Q3 But Opportunity Remains License coverage as of Q3 2026 35 Note: Figures represent 2025 estimated shipments / Dell in binding arbitration Source: Omdia P C s & T A B L E T S : ~ 4 5 0 M T V s : ~ 2 1 0 M ~70%~15% ~15% ~20% ~30% ~20% ~30% Licensed Primary Opportunity OtherIn Lit
Slide 36: Growth Across Cellular IoT and Automotive
36 Growth Across Cellular IoT and Automotive Source: Omdia P A S S E N G E R V E H I C L E S H I P M E N T S ( M ) 2025A 2030E ~65M ~90M 5G 4G ~85% of 4G auto market licensed 5G auto market driving value growth ©2026 InterDigital, Inc. All Rights Reserved. C E L L U L A R I O T S H I P M E N T S ( M
Slide 37: SVoD and AVoD Are Our Current Focus
37 SVoD and AVoD Are Our Current Focus Source: Omdia Note: Cloud gaming forecast data limited to 2028 and SVOD includes ad tier subscriptions. Logos are examples of market participants and not necessarily licensed customers. 2025 TAM 2030 TAM TAM CAGR $305 B$180 B $245 B $170 B $155B $18 B $21 B $5
Slide 38: Capital Allocation Priorities
38 Capital Allocation Priorities Strong cash flow funds organic investment in research, fortifies the balance sheet and enables significant share reduction Maintain fortress balance sheet Financial strength is a strategic asset Organic investment in business Prioritize investment into research and I
Slide 39: Target Financial Model for 2030
39 Target Financial Model for 2030 10%+ Large TAMs Provide Growth Opportunity ARR CAGR Subscription Model Underpins ARR $1B+ ARR Target Well positioned to drive value going forward 1 Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix. ©2026 InterDigital, Inc. All Rights Reserve
Slide 40: Key Takeaways
40 Key Takeaways World-class leadership and functional teams across the board Accelerating momentum for R&I, standard development, patent portfolio creation and licensing driven by continuing investment and strong execution We have a clear strategy, a world-class team and the operational discipline
Slide 42: Supplemental Metrics
42 Supplemental Metrics Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 ta
Slide 43: Non-GAAP Reconciliation
Non-GAAP Reconciliation ©2026 InterDigital, Inc. All Rights Reserved. 43 (In millions) 2020 2021 2022 2023 2024 2025 Q3'26 Q3'25 Q3'26 Q4'26 FY 2026 Net income attributable to InterDigital, Inc. 45$ 55$ 94$ 214$ 359$ 407$ 80$ 68$ $42 - $48 $35 - $43 $307 - $315 Net loss attributable to non-controlli
Slide 44: Non-GAAP Reconciliation (per share data)
Non-GAAP Reconciliation ©2026 InterDigital, Inc. All Rights Reserved. 44 (In millions, except per share data) 2020 2021 2022 2023 2024 2025 Q3'26 Q3'25 Q3'26 Q4'26 FY 2026 Net income attributable to InterDigital, Inc. 45$ 55$ 94$ 214$ 359$ 407$ 80$ 68$ $42 - $48 $35 - $43 $307 - $315 Share-based com

InterDigital — Q3 2026 Earnings Presentation on 6ix

Interdigital — Q3 2026 Earnings Presentation

Slide 1: Third Quarter 2026 Results

Slide 2: Disclaimers

Slide 3: Agenda

Slide 4: Financial & Business Highlights

Slide 5: Q3 Financial Highlights

Slide 6: Recent Business Highlights

Slide 7: Financial Results vs. Outlook

Slide 8: Q3'26 Results: ARR, Revenue, Adjusted EBITDA, Non-GAAP EPS

Slide 9: Q4 and FY26 Outlook

Slide 10: Near Term Outlook

Slide 11: Upcoming Investor Events

Slide 12: Background on InterDigital

Slide 13: InterDigital: Innovating Today, Empowering Tomorrow

Slide 14: InterDigital Pioneering Wireless, Video and AI Research

Slide 15: World-Class Leadership Team

Slide 16: Subscription-Based Licensing Model

Slide 17: We Focus on Foundational Technologies

Slide 18: Our Innovations Help Drive Video Codec Evolution

Slide 19: The Power of the Global Standards System

Slide 20: InterDigital Drives Standard Development

Slide 21: We Lead Standard Development

Slide 22: Multiple 3GPP Chair Positions to Lead 6G Standard

Slide 23: Recognized Global Innovation Leader

Slide 24: Innovation Engine Fuels Evergreen IP Portfolio

Slide 25: Accelerating Business Momentum

Slide 26: Licensing Momentum Drives TCV Growth

Slide 27: Licensing Success Drives ARR Growth

Slide 28: Strong Revenue Growth, Margins and Return of Capital

Slide 29: Recognized As One Of America's Best Companies

Slide 30: Long-term Growth Strategy

Slide 31: Our Technologies Benefit the Economy and the World

Slide 32: We Address Three Large Markets

Slide 33: Clear Pathway to Growth

Slide 34: Strong Execution Drives High Penetration In Smartphones

Slide 35: Good CE Momentum in Q3 But Opportunity Remains

Slide 36: Growth Across Cellular IoT and Automotive

Slide 37: SVoD and AVoD Are Our Current Focus

Slide 38: Capital Allocation Priorities

Slide 39: Target Financial Model for 2030

Slide 40: Key Takeaways

Slide 41: Appendix

Slide 42: Supplemental Metrics

Slide 43: Non-GAAP Reconciliation

Slide 44: Non-GAAP Reconciliation (per share data)