secwatch.observer — SEC 8-K summary
======================================

Issuer:     InterDigital, Inc. (IDCC)
CIK:        0001405495
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001405495-24-000071
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InterDigital Q1 revenue up 30% to $263.5M; net income down 22% on higher costs
------------------------------------------------------------------------------

- Revenue $263.5M (+30% YoY) driven by record CE/IoT licensing and $166.7M catch-up revenue.
- GAAP diluted EPS $2.88 vs $3.58 YoY; non-GAAP EPS $3.58 vs $4.21.
- CE, IoT/Auto revenue surged to $182.5M (from $16.1M) driven by Samsung agreement.
- Reaffirmed FY2024 revenue guidance $620M-$670M; Q2 outlook $93M-$97M.
- Returned $39.2M to shareholders: $29M buybacks, $10.2M dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405495/000140549524000071/0001405495-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405495/000140549524000071/idcc-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001405495-24-000071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer