InterDigital Q2 revenue $223.5M (+120% YoY), EPS $3.93, raises FY guidance to $690-740M

InterDigital, Inc.

2024-Q2 EPS reported $6.80 revenue$487,035,000

GAAP net income $109.7M ($3.93 diluted EPS) vs $21.8M ($0.79) a year ago; Non-GAAP EPS $4.57.
Revenue $223.5M, up 120% YoY, driven by $127.6M catch-up revenue from new patent licenses.
Adjusted EBITDA $157.7M (71% margin) vs $53.6M (53%) in Q2 2023.
Full-year 2024 revenue guidance raised by $70M to $690-740M; initial Q3 outlook $94-98M.
Returned $45.2M to shareholders in Q2: $35.1M share repurchases, $10.1M dividends.

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