NASDAQ$IDCC

InterDigital Inc. · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

InterDigital's business momentum accelerated through the fourth quarter, driving record revenue and EPS in 2024.

InterDigital reported strong Q4 2024 results with revenue up 140% year-over-year to $253 million. The company's CEO highlighted the crucial role of their innovation in enabling a growing range of devices and services, while also noting enforcement actions against The Walt Disney Company for unlicensed use of their technology.

  • Revenue increased by 140% year-over-year to $252.8 million.
  • Net income attributable to InterDigital, Inc. increased by 241% year-over-year to $133.1 million.
  • Diluted EPS increased to $4.09, a 190% increase year-over-year.
  • The board of directors approved a 33% increase in the company's quarterly cash dividend, from $0.45 to $0.60 per share, effective in Q2 2025.

Headline financials

Total Revenue

$253M

Previous: $106M+139.6%
EPS (adj)

$5.15

Previous: $1.41+265.2%
Annualized Recurring Revenue

$468M

No prior period
Net Income Margin

53.0%

No prior period
Adjusted EBITDA

$198M

No prior period
Adjusted EBITDA Margin

78.0%

No prior period
Non-GAAP Net Income

$151M

No prior period
Capital Expenditures

-$27.6M

Previous: -$13.5M-104.6%
Net Income

$133M

Previous: $39.1M+240.4%
Operating Income

$163M

Previous: $25.3M+541.8%
Gross Profit

$253M

Previous: $85.7M+195.1%
R&D Expense

$49.1M

Previous: $45.7M+7.3%

Revenue & EPS history

InterDigital · Revenue · Quarterly

$253M

Q4 2024+139.6%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

InterDigital provided its outlook for Q1 2025 and full year 2025, including revenue and adjusted EBITDA estimates. The Q1 outlook covers existing licenses, while the full year outlook includes new agreements and arbitration results.

Tailwinds

  • Q1 2025 Revenue is expected to be between $112 million and $116 million.
  • Q1 2025 Adjusted EBITDA is expected to be between $53 million and $60 million.
  • Q1 2025 Diluted EPS is expected to be between $0.58 and $0.79.
  • Q1 2025 Non-GAAP EPS is expected to be between $1.19 and $1.42.
  • Full year 2025 Revenue is expected to be between $660 million and $760 million.

Headwinds

  • Full year 2025 Adjusted EBITDA is expected to be between $400 million and $495 million.
  • Full year 2025 Diluted EPS is expected to be between $6.79 and $9.67.
  • Full year 2025 Non-GAAP EPS is expected to be between $9.69 and $12.92.
  • Q1 2025 outlook does not include any new agreements or arbitration results.
  • Full year 2025 outlook includes expected contributions from new agreements and arbitration results.

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 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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