NASDAQ$IDCC
InterDigital Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
InterDigital experienced a decrease in revenue but an increase in net income for the fourth quarter of 2023.
InterDigital reported a 10% decrease in revenue but a 21% increase in net income for the fourth quarter of 2023. The company's full year revenue increased by 20%, driven by accelerating innovation and licensing momentum. They are guiding to another year of strong growth, with FY24 revenue expected in a range of $620 million to $670 million.
- Revenue decreased by 10% year-over-year to $105.5 million.
- Net income increased by 21% year-over-year to $39.1 million.
- Diluted earnings per share increased by 31% year-over-year to $1.41.
- The company expects full year 2024 revenue in a range of $620 million to $670 million.
Headline financials
Revenue & EPS history
InterDigital · Revenue · Quarterly
$106M
Forward guidance
InterDigital anticipates revenue between $245 million and $255 million for Q1 2024 and between $620 million and $670 million for the full year 2024. Adjusted EBITDA is expected to be between $116 million and $131 million for Q1 2024 and between $310 million and $345 million for the full year 2024.
Tailwinds
- Q1 2024 Revenue guidance: $245M - $255M
- Q1 2024 Adjusted EBITDA guidance: $116M - $131M
- Q1 2024 Diluted EPS guidance: $2.40 - $2.95
- FY 2024 Revenue guidance: $620M - $670M
- FY 2024 Adjusted EBITDA guidance: $310M - $345M
Headwinds
- Q1 2024 outlook doesn't include new agreements
- Includes revenue share costs of $66M to $69M for Q1 2024
- Based on 28.3M weighted-average diluted shares as of January 31, 2024
- FY 2024 Diluted EPS guidance: $4.95 - $6.15
- Includes revenue share costs of $80M to $90M for FY 2024
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.7%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.2%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+20.4%
Q1 2023
Best reaction
-14.9%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.9% | -18.6% | -28.6% | |
| Q4 2025 | +9.9% | +11.9% | +13.8% | |
| Q3 2025 | +3.3% | -0.4% | -6.6% | |
| Q1 2025 | +0.6% | +6.6% | +8.1% | |
| Q4 2024 | +16.0% | +13.8% | +18.0% | |
| Q3 2024 | +12.2% | +14.3% | +32.7% | |
| Q2 2024 | +11.0% | +11.9% | +12.9% | |
| Q1 2024 | +5.9% | +7.7% | +16.3% | |
| Q4 2023 | +12.0% | +5.9% | -1.9% | |
| Q3 2023 | +11.8% | +11.7% | +32.3% | |
| Q2 2023 | -5.5% | -6.2% | -5.5% | |
| Q1 2023 | +20.4% | +19.3% | +26.5% | |
| Q4 2022 | +1.9% | +1.9% | -0.5% | |
| Q3 2022 | +2.2% | +2.7% | +5.9% | |
| Q2 2022 | -5.7% | -13.0% | -24.0% | |
| Q1 2022 | -2.4% | -3.1% | +8.2% | |
| Q4 2021 | -4.4% | -6.6% | -4.3% | |
| Q3 2021 | +0.7% | -1.3% | -5.7% | |
| Q2 2021 | +2.3% | +5.8% | +3.0% | |
| Q1 2021 | +4.4% | +1.3% | +21.9% | |
| Q4 2020 | -5.3% | -5.7% | -4.7% | |
| Q3 2020 | +4.8% | +9.3% | +11.0% | |
| Q2 2020 | -0.0% | +3.3% | -2.1% | |
| Q1 2020 | +8.1% | -1.8% | +5.3% | |
| Q4 2019 | +7.5% | -2.4% | -40.1% | |
| Q3 2019 | +5.8% | +4.2% | +1.9% | |
| Q2 2019 | -11.4% | -17.9% | -23.7% | |
| Q1 2019 | +10.4% | +7.0% | -3.3% | |
| Q4 2018 | -5.5% | -5.0% | -11.4% | |
| Q3 2018 | +4.7% | +8.9% | +6.1% | |
| Q2 2018 | -1.3% | +1.7% | +1.3% | |
| Q1 2018 | -4.5% | -3.7% | +1.7% | |
| Q4 2017 | -1.2% | -5.9% | -6.0% | |
| Q3 2017 | -3.5% | -2.3% | -0.9% | |
| Q2 2017 | -4.2% | -7.7% | -10.0% | |
| Q1 2017 | +1.4% | -2.5% | -6.9% | |
| Q4 2016 | -14.9% | -16.9% | -15.8% | |
| Q3 2016 | -13.8% | -12.7% | +0.4% | |
| Q2 2016 | +4.5% | +10.8% | +20.8% | |
| Q1 2016 | -1.1% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | +7.2% | — | — | |
| Q2 2015 | -5.3% | — | — | |
| Q1 2015 | +0.1% | — | — | |
| Q4 2014 | +5.1% | — | — | |
| Q3 2014 | +9.1% | — | — | |
| Q2 2014 | -3.4% | — | — | |
| Q1 2014 | -0.2% | — | — | |
| Q4 2013 | +6.5% | — | — | |
| Q3 2013 | +2.9% | — | — | |
| Q2 2013 | +5.0% | — | — | |
| Q1 2013 | +3.2% | — | — | |
| Q4 2012 | -4.1% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | -6.4% | — | — | |
| Q1 2012 | -12.3% | — | — | |
| Q4 2011 | -3.3% | — | — | |
| Q3 2011 | -1.7% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2010 | -3.1% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2008 | -3.9% | — | — | |
| Q4 2010 | -3.9% | — | — | |
| Q3 2009 | -0.3% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2010 | -2.5% | — | — | |
| Q2 2009 | -2.5% | — | — | |
| Q4 2009 | -2.5% | — | — |
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