Slide 1: First Quarter 2026 Results
First Quarter 2026 Results April 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 Q2 and full year 2026, and other financial and business goals. Forward-looking statem
Slide 3: Agenda
Q1 Financial & Business Highlights Q2 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: Q1 Financial Highlights
Revenue, Adj. EBITDAa and Diluted EPS exceed the top end of guidance range Annualized Recurring Revenueb (ARR) up 13% YoY to $567 million Q1 Financial Smartphone ARRb up 18% to $492 million (all-time high) Highlights Adj. EBITDAa of $112 million Adj. EBITDA margina of 54% Return of capit
Slide 6: Recent Business Highlights
Signed six new agreements in Q1, including a renewal with Xiaomi and a new license with LG Electronics Recognized by LexisNexis as one of the world’s 100 most Recent innovative companies fifth year in a row Awarded fifth injunction against Disney by a court in Germany Business A court in Bra
Slide 7: Financial Results vs. Outlook
Financial Results vs. Outlook Q1’26 RESULTS Q1’26 OUTLOOK Revenue $205.4M $194M - $200M Adjusted EBITDAa $111.8M $101M - $110M Diluted EPS $2.14 $1.61 - $1.86 Non-GAAP EPSa $2.57 $2.39 - $2.68 aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations, as well as our 2026 10-Q for
Slide 8: Q1'26 Results
Q1’26 Results YoY decline in Q1’26 revenue due to lower catch-up revenue. Operating expenses increased primarily due to higher revenue share costs driven by the LG TV agreement and higher IP enforcement costs. ARRa Revenue 300 700 +13% YoY <2%> YoY 600 $567M $503M 500 200 400 300 100 $211M $205 200
Slide 9: Q2 and FY26 Outlook
Q2 and FY26 Outlook ©2026 InterDigital, Inc. All Rights Reserved. 9
Slide 10: Company Reaffirms FY 2026 Guidance
Company Reaffirms FY 2026 Guidance (as of April 30, 2026) Q2’26 OUTLOOK FY26 OUTLOOK Revenue $139M - $143M $675M - $775M Adjusted EBITDAa $67M - $73M $381M - $477M Diluted EPS $0.80 - $0.97 $5.77 - $8.51 Non-GAAP EPSa $1.41 - $1.60 $8.74 - $11.84 The outlook for second quarter 2026 covers existing l
Slide 11: Upcoming Investor Events
Upcoming Investor Events May 12 June 2 Needham Tech Conference Evercore Tech Conference ● New York, NY ● San Francisco, CA May 18 June 3 J.P. Morgan Tech Conference Baird Consumer, Tech & Services Conference ● Boston, MA ● New York, NY June 2 William Blair Growth Stock Conference ● Chicago, IL Corpo
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 Essential 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: IP as a Service Business Model: A Virtuous Cycle of Innovation
IP as a Service Business 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 & PRODUCT INNOVATION IMPLEMENTERS STANDARD TECHNOLOGY DEVELO
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: InterDigital Tech Underpins Surging Mobile Traffic
InterDigital Tech Underpins Surging Mobile Traffic Video Drives Surge in Mobile Data Traffic Estimated global media traffic by application category (in exabytes per month)* 2017 10.8 EB 2022 90.4 EB 2027 282.8 EB 0 50 100 150 200 250 300 * One exabyte equals one million terabytes. Source: Ericsson M
Slide 19: 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 20: 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 21: 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 22: We Have Many Standard Development Leadership Positions
We Have Many Standard Development Leadership Positions Video & AI Standards JVET MPEG GreenNNVC Beyond VVC Beyond VVC NNVC AI AHG AI AHG Haptic AHG Sustainability in Steering Board TSAG Chair Co-Chair & SW Chair Co-Chair of Co-Chair of Co-Chair & SW Chair Co-Chair Co-Chair Chair Media & Data Member
Slide 23: One Of Only Three Companies with Multiple 3GPP Chair Positions
One Of Only Three Companies with Multiple 3GPP Chair Positions 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
Slide 24: 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 25: Innovation Engine Fuels Evergreen IP Portfolio
Innovation Engine Fuels Evergreen IP Portfolio Our patent portfolio grew > 100% between 2017 & 2025 with the addition of video & DTV related technologies and continuing growth of wireless assets 2017: 2025: ~19,000 Assets ~38,000 Assets Growing by about 7 new patents/day Cellular WiFi Video Other ©2
Slide 26: Accelerating Business Momentum
Accelerating Business Momentum ©2026 InterDigital, Inc. All Rights Reserved. 26
Slide 27: Licensing Momentum Drives Total Contract Value (TCV) Growth
Licensing Momentum Drives Total Contract Value (TCV) Growth More than 50 licenses with TCV of $4.7B closed since the start of 2021 $5,000M $4,500M $4,000M $3,500M $3,000M $2,500M $2,000M $1,500M $1,000M $500M $0M 2021 2022 2023 2024 2025 2026 ©2026 InterDigital, Inc. All Rights Reserved. 27
Slide 28: Licensing Success Drives ARR Growth
Licensing Success Drives ARRa Growth New Agreements and Renewals Drive Increase in ARRa $600M $582M $550M $500M $450M $406M $0M 2021 2022 2023 2024 2025 a Please see appendix for a description of this metric and how it is calculated ©2026 InterDigital, Inc. All Rights Reserved. 28
Slide 29: Strong Revenue Growth, Margins and Return of Capital
Strong Revenue Growth, Margins and Return of Capital Revenue Non-GAAP EPSa ~2x growth > 4X growth $869M $834M $14.97 $15.31 $550M $9.23 $425M $458M $5.08 $3.73 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Adjusted EBITDAa Return of Capital $1,000M ~3X growth 71% 80% > $800M returned / Share cou
Slide 30: Recognized As One Of America's Best Companies
Recognized As One Of America’s Best Companies Newsweek Fortune Time Magazine Forbes America’s 100 Fastest- America’s America’s Best Greatest Growing Growth Mid-Cap Companies Companies Leaders Companies 2025 2025 2025 2026 #1 ©2026 InterDigital, Inc. All Rights Reserved. 30
Slide 31: Long-term Growth Strategy
Long-term Growth Strategy ©2026 InterDigital, Inc. All Rights Reserved. 31
Slide 32: 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 33: We Address Three Attractive Markets
We Address Three Attractive 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 v
Slide 34: Clear Pathway to Growth $1B+
Clear Pathway to Growth $1B+ ARRa Target 2030 2025 2030 $491M ~$500M ~$300M+ ~$200M $91M (by (by 2027) 2027) $0 SMARTPHONE CE, IOT/AUTO STREAMING & Increase penetration Increase penetration CLOUD SERVICES Enhance valuation during renewals Expand market coverage Grow video services licensing program
Slide 35: Strong Execution Drives High Penetration
Strong Execution Drives High Penetration 2026E SMARTPHONE SHIPMENTS: ~1.1B Licensing coverage: ~85% • Top 3 vendors under license until end of decade • 8 of top 10 now under license ~5% • Large global market ~8% • Focus on driving higher value from 17% key customers during renewal cycle 51% 28% ~85%
Slide 36: Good CE Momentum in Q1 But Opportunity Remains
Good CE Momentum in Q1 But Opportunity Remains License coverage as of Q1 2026 PCs & TABLETS: ~440M TVs: ~210M ~15% ~15% ~23% ~25% ~60% ~30% ~32% Licensed Primary Opportunity In Litigation Other Note: Figures represent 2025 estimated shipments Source: Omdia ©2026 InterDigital, Inc. All Rights Reserve
Slide 37: Growth Across Cellular IoT and Automotive
Growth Across Cellular IoT and Automotive PASSENGER VEHICLE SHIPMENTS (M) CELLULAR IOT SHIPMENTS (M) 5G Unaddressed 4G ~90 Addressed ~860 +7% +9% ~65 5G auto ~550 market Healthcare driving Industrial IoT value Smart Cities ~85% of growth 4G auto market Energy & Utilities licensed Remote Monitoring R
Slide 38: 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 +11% +5% +4% $515 B +3% -1% $240 B $185 B $300 B $170 B $160 B $18 B $21 B $5 B $6 B Source: Omdia Note: Cloud gaming forecast data limited to 2028 and SVOD includes ad tier subscri
Slide 39: Capital Allocation Priorities
Capital Allocation Priorities Maintain fortress Organic investment Inorganic Return Excess cash balance sheet in business investment to shareholders Financial strength Prioritize investment Opportunistic and > $600M in share is a strategic asset into research and strategic repurchases last 5 yrs. IP
Slide 40: Target Financial Model for 2030
Target Financial Model for 2030 $1B+ ARRa Powerful Operating High Margin Drives Leverage drives Strong Cash Flow Well 10%+ 60%+ $600M+ positioned to drive Annual Adjusted Adjusted value going Growth EBITDA EBITDAb forward Target Marginb Target Target a Please see appendix for a description of this m
Slide 41: 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 Takeaways by continuing investment and strong execution Our technologies are critical to devices and services of multiple industries, g
Slide 42: Appendix
Appendix ©2026 InterDigital, Inc. All Rights Reserved. 42
Slide 43: 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 44: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook Full Year 2021 2022 2023 2024 2025 Q1'26 Q1'25 Q1'26 Q2'26 (In millions) 2026 Net income attributable to InterDigital, Inc. $ 55 $ 94 $ 214 $ 359 $ 407 $ 75 $ 116 $57 - $66 $28 - $34 $202 - $298 Net loss attributable to non-controlling int
Slide 45: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook Full Year (In millions, except per share data) 2021 2022 2023 2024 2025 Q1'26 Q1'25 Q1'26 Q2'26 2026 Net income attributable to InterDigital, Inc. $ 55 $ 94 $ 214 $ 359 $ 407 $ 75 $ 116 $57 - $66 $28 - $34 $202 - $298 Share-based compensat