---
schema_version: "secwatch.filing_event.v1"
accession: "0001405495-23-000019"
form_type: "8-K"
ticker: "IDCC"
cik: "0001405495"
company_name: "InterDigital, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:31:16.215309+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# InterDigital Q1 revenue doubles to $202.4M, EPS $3.58 on Lenovo/Samsung settlements

## Summary
- Total revenue $202.4M (+100% YoY); recurring revenue $101.6M (+2%).
- Net income $105.3M (+485%); GAAP diluted EPS $3.58 (+517%).
- Non-GAAP adjusted EBITDA $154.8M (+179%); margin 76% vs 55%.
- Repurchased 2.7M shares via Dutch auction for $199.9M; additional $24.7M in April.
- Q2 2023 guidance: revenue $100-104M, GAAP EPS $0.60-0.70, non-GAAP EPS $1.19-1.29.

## SEC filing metadata
- accession: 0001405495-23-000019
- form_type: 8-K
- ticker: IDCC
- cik: 0001405495
- company_name: InterDigital, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405495/000140549523000019/0001405495-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405495/000140549523000019/idcc-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001405495-23-000019
- JSON: https://secwatch.observer/filing/0001405495-23-000019.json
- Plain text: https://secwatch.observer/filing/0001405495-23-000019.txt

## Key facts
- Earnings Releases
  InterDigital, Inc. reported the quarter ended March 31, 2023 results: revenue $202.4 million, net income $105.3 million, EPS $3.58. Guidance initiated.
  - Period: the quarter ended March 31, 2023
  - Revenue: $202.4 million
  - Net income: $105.3 million
  - EPS: $3.58
  - Guidance: initiated
  - Result: reported results
  source text: 2023 and provide a strong recurring revenue base well into the future." First Quarter 2023 Financial Highlights, as compared to First Quarter 2022: GAAP • Total revenue was $202.4 million and increased 100%. The increase was driven by the recent Lenovo judgement. • Recurring revenue was $101.6 million and increased 2%. • Operating expenses were $83.1 million and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1405495/000140549523000019/0001405495-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.