InterDigital, Inc. reported Q2 results, with revenue hitting $300.6 million, up 34% YoY due to a Samsung arbitration decision and new HP license agreement. Net income was $180.6 million, with diluted EPS of $5.35. Non-GAAP EPS reached an all-time high of $6.52 and Adjusted EBITDA was $236.7 million. Annualized recurring revenue hit $553 million, up 44% YoY.

InterDigital’s agreement with Samsung, their largest ever, is worth over $1 billion. The company raised its full year revenue guidance by $110 million to $820 million. Since 2021, InterDigital has signed licenses totaling over $4 billion, showcasing the growth of their IP-as-a-service business model. Revenue from smartphone, CE, IoT/Auto, and other programs also saw significant increases.

InterDigital also announced plans to convert their 3.50% Senior Convertible Notes due 2027. The conversion rate is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes. Call spread transactions were entered into to limit the net number of shares issued in case of conversion.

The company’s near term outlook includes raising their full year 2025 revenue guidance to $850 million and Adjusted EBITDA to $569 million. Third quarter 2025 outlook covers existing licenses and excludes potential new agreements. InterDigital will host a conference call on July 31, 2025, at 10:00 a.m. ET to discuss their financial performance and company matters.

Read more at Globe Newswire: InterDigital Announces Financial Results for Second Quarter