INTERDIGITAL REPORTS FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Strong business performance drove record revenue and EPS in 2024. Increased quarterly dividend by 33% WILMINGTON, DE. - February 6, 2025 - InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the fourth quarter and full year ended December 31, 2024. "Our business momentum accelerated through the fourth quarter with revenue up 140% year-over-year to $253 mill ...

Core Insights - InterDigital, Inc. reported record revenue and earnings per share (EPS) for 2024, driven by strong business performance and increased licensing agreements with major device manufacturers [1][2] - The company announced a 33% increase in its quarterly dividend, raising it from $0.45 to $0.60 per share, effective from the second quarter of 2025 [5] Financial Performance - For Q4 2024, revenues reached $252.8 million, a 140% increase year-over-year, while full-year revenues totaled $868.5 million, up 58% from 2023 [3][23] - Net income for Q4 2024 was $133.1 million, a 241% increase compared to $39.1 million in Q4 2023, with a full-year net income of $358.6 million, up 68% from $214.1 million in 2023 [3][23] - Diluted EPS for Q4 2024 was $4.09, a 190% increase from $1.41 in Q4 2023, and for the full year, it was $12.07, up 58% from $7.62 in 2023 [3][23] Revenue Breakdown - Revenue from smartphones was $230.6 million in Q4 2024, a 162% increase year-over-year, while full-year smartphone revenue was $597.5 million, up 28% from 2023 [3] - The CE, IoT/Auto segment saw revenues of $21.8 million in Q4 2024, a 28% increase, and $268.7 million for the full year, a significant 232% increase from 2023 [3] Return of Capital to Shareholders - In fiscal year 2024, the company returned a total of $109.8 million to shareholders through share repurchases and dividends [4] - The Board of Directors approved a quarterly cash dividend increase, reflecting the company's strong financial position and commitment to returning capital to shareholders [5] Near-Term Outlook - For Q1 2025, the company expects revenues between $112 million and $116 million, and for the full year 2025, revenues are projected to be between $660 million and $760 million [10] - Adjusted EBITDA for Q1 2025 is expected to be between $53 million and $60 million, with full-year adjusted EBITDA projected between $400 million and $495 million [10]

WILMINGTON, Del., Feb. 06, 2025 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.45 to $0.60 per share. The increase in the regular quarterly dividend will take effect beginning with the dividend paid in second quarter 2025. The Board of Directors also declared a regular quarterly cash dividend of $0.60 per share on it ...

InterDigital (IDCC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors of ...

Industry Overview - The Zacks Wireless Equipment industry is experiencing strong demand due to rapid 5G deployment and upgrades to cloud and fiber network infrastructure [1][4] - The industry includes companies providing networking solutions, wireless telecom products, and related services for voice and data communications [3] Growth Drivers - The proliferation of IoT, fiber densification, and the shift to cloud services are expected to drive growth for companies like Qualcomm, Motorola Solutions, and InterDigital [2] - Cloud networking solutions are increasing demand for networking equipment as businesses seek to enhance efficiency and safety for mobile workforces [4][6] Challenges - Short-term profitability is at risk due to high costs associated with 5G products, geopolitical tensions, and supply chain disruptions [5] - High customer inventory levels and macroeconomic volatility are additional challenges facing the industry [5] Market Performance - The Zacks Wireless Equipment industry has outperformed the S&P 500 and the broader Zacks Computer and Technology sector, with a growth of 33.3% over the past year compared to 23.9% and 25.1% respectively [10] - The industry currently has a Zacks Industry Rank of 36, placing it in the top 14% of over 250 Zacks industries, indicating positive prospects [8] Valuation Metrics - The industry is trading at a trailing 12-month EV/EBITDA of 36.47X, significantly higher than the S&P 500's 18.92X and the sector's 18.82X [12] Company Highlights - Qualcomm is well-positioned for long-term growth with a focus on 5G and a diversified revenue stream, gaining 20.1% in the past year [14] - Motorola Solutions has a strong market position and has gained 44.2% over the past year, with an upward revision of earnings estimates [16] - InterDigital has seen a remarkable gain of 77.9% over the past year, with a strong focus on advanced mobile technologies and a commitment to acquisitions [18]

InterDigital, Inc. (IDCC) is scheduled to report fourth-quarter 2024 results on Feb. 6, before the opening bell. IDCC pulled off a trailing four-quarter earnings surprise of 163.7%, on average. In the last reported quarter, it delivered an earnings surprise of 114.47%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company is expected to deliver top-line expansion year over year, backed by solid licensing momentum in the consumer electronics market and product innovation.Factors a ...

WILMINGTON, Del., Feb. 03, 2025 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it has initiated litigation against The Walt Disney Company, including Disney+, Hulu and ESPN+, over their ongoing infringement of InterDigital’s intellectual property. “Our video technologies enable Disney to efficiently stream content and enhance the user experience,” said Josh Schmidt, Chief Legal Officer, InterDigital. “We always ...

WILMINGTON, Del., Jan. 23, 2025 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that the company will release its fourth quarter 2024 financial results before the market open on Thursday, February 6, 2025. InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance. For a live webcast of the conference call visit www.interdigital.com and click on ...

Core Viewpoint - InterDigital (IDCC) is positioned well to continue its trend of beating earnings estimates, particularly in the upcoming quarterly report [1]. Group 1: Earnings Performance - InterDigital has a strong history of exceeding earnings estimates, with an average surprise of 316.02% over the last two quarters [2]. - In the last reported quarter, InterDigital achieved earnings of $1.63 per share, surpassing the Zacks Consensus Estimate of $0.76 per share by 114.47% [3]. - For the previous quarter, the company reported earnings of $4.57 per share against an expected $0.74 per share, resulting in a surprise of 517.57% [3]. Group 2: Earnings Estimates and Predictions - Recent earnings estimates for InterDigital have been revised upward, indicating positive sentiment among analysts [4]. - The Zacks Earnings ESP for InterDigital is currently +3.21%, suggesting bullish expectations for near-term earnings [7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6]. - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) indicates a strong likelihood of another earnings beat for InterDigital [7]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the probability of successful investment decisions [8].

Group 1 - Analysts' outlook on InterDigital, Inc. (NASDAQ: IDCC) appears pessimistic despite the stock rising by 60% over the last year, currently trading near its all-time high of $203, but has dropped 12% to around $171 [1] - The company is noted for its strong fundamentals and growth potential, particularly in the technology, infrastructure, and internet services sectors [1] - The focus remains on providing value to readers and investors interested in long-term investing strategies [1] Group 2 - The article emphasizes the importance of combining financial data with qualitative analysis to critically evaluate companies and sectors [1] - The author holds certifications in financial modeling and valuation, indicating a strong foundation in financial analysis [1] - The article is written independently without any compensation from the companies mentioned, ensuring an unbiased perspective [2]