InterDigital (IDCC) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - InterDigital reported a revenue of $252.8 million for the quarter ended December 2024, marking a significant increase of 139.6% year-over-year, and an EPS of $5.15 compared to $1.41 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $243.73 million by 3.72%, while the EPS fell short of the consensus estimate of $5.40 by 4.63% [1] Revenue Breakdown - Recurring revenues amounted to $117.01 million, which is 13.3% higher year-over-year but below the average estimate of $126.43 million from four analysts [4] - Catch-up revenues reached $135.80 million, significantly surpassing the estimated $117.31 million, reflecting a remarkable year-over-year increase of 6072.5% [4] - Revenue from the CE, IoT/Auto program was $21.80 million, which is 27.5% higher year-over-year but below the average estimate of $29.95 million from three analysts [4] - Smartphone revenue was reported at $230.60 million, a substantial increase of 161.8% year-over-year, exceeding the average estimate of $99.15 million from three analysts [4] Stock Performance - InterDigital's shares have returned -4.3% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2.1% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]