secwatch.observer — SEC 8-K summary
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Issuer:     InterDigital, Inc. (IDCC)
CIK:        0001405495
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001405495-24-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InterDigital Q3 revenue beats outlook; raises FY 2024 guidance midpoint by $145M to $860M
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- Q3 revenue $128.7M (down 8% YoY) above top end of guidance; GAAP EPS $1.14, non-GAAP EPS $1.63.
- Raised FY2024 revenue guidance to $855-$865M (up from $690-$740M); Q4 guide $239-$249M.
- CE/IoT/Auto revenue up 15% YoY to $40.6M; smartphone revenue down 16% to $87.4M.
- Announced new license agreement with OPPO and binding arbitration with Lenovo in early Q4.
- Adjusted EBITDA $64.8M (50% margin) vs $83.5M (60%) in Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405495/000140549524000115/0001405495-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405495/000140549524000115/idcc-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001405495-24-000115

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