InterDigital (NASDAQ:IDCC) Stock

InterDigital

InterDigital Inc is a research and development company focused on wireless, video, Artificial Intelligence, and related technologies. It designs and develops technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. The majority of revenue is generated from fixed-fee patent license agreements, with a smaller portion coming from variable royalty agreements. Geographically it operates in the United States, China, South Korea, Japan, Taiwan, and Europe, out of which the majority is from China.

InterDigital Inc

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MicroCloud Hologram Inc. - Ordinary Shares

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Shares of broader tech companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

InterDigital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>), a mobile, video and AI technology research and development company, today announced that it has signed a new multi-year license agreement with HP Inc. The agreement licenses HP personal computers to InterDigital's Wi-Fi and video decoding technologies.

News

InterDigital Signs Multi-Year License Agreement With HP,  Licensing HP Personal Computers To InterDigital's Wi-Fi And Video Decoding Technologies

InterDigital shares are trading higher after the company signed a multi-year license agreement with a Chinese smartphone vendor and raised its Q1 adjusted EPS and revenue guidance.

Guidance

InterDigital Signs Multi-Year License Agreement With A Chinese Smartphone Vendor; Co. Raises Q1 Adj. EPS Guidance From $1.19-$1.42 To $3.66-$3.90, Raises Revenue Guidance From $112M-$116M To $202M-$206M

U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.2% on Thursday.
Shares of Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) rose sharply on Thursday after the company reported better-than-expected <a href="https://www.benzinga.com/25/02/43529386/tobacco-company-philip-morris-stocks-surge-on-solid-q4-earnings">fourth-quarter financial results</a>.
Philip Morris Intl reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $9.71 billion which beat the analyst consensus estimate of $9.44 billion.
Philip Morris shares jumped 9.1% to $142.96 on Thursday.
Here are some other big stocks recording gains in today's session.
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<li>American Superconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) shares surged 31.3% to $33.50 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.</li>
<li>Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) gained 28% to $4.9050 after the company announced it entered into a definitive agreement to be acquired by TPG for a valuation of approximately $2.2 billion.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) surged 21.7% to $16.90.</li>
<li>TTM Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) gained 19.6% to $29.63 after the company reported fourth-quarter earnings and revenue above estimates.</li>
<li>Digi International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGII#NASDAQ">DGII</a>) surged 18.3% to $36.00 following first-quarter earnings.</li>
<li>Liquidity Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) gained 16.8% to $37.22 after the company reported better-than-expected quarterly financial results.</li>
<li>Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) surged 14.6% to $8.69 following upbeat revenue.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) rose 14% to $83.67 after the company reported second-quarter financial results and beat its sales estimates.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) gained 13.7% to $102.47 after the company reported better-than-expected quarterly financial results.</li>
<li>InterDigital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>) jumped 12.2% to $204.82 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates. The company also announced an increase in its quarterly dividend from $0.45 per share to $0.60.</li>
<li>ArcelorMittal S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>) gained 11.6% to $28.42 after the company reported fourth-quarter financial results and missed its adjusted EPS and revenue estimate.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) climbed 11.3% to $27.50 after Cantor Fitzgerald initiated coverage on the stock with an Overweight rating and announced a price target of $30.</li>
<li>WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) rose 8.8% to $15.24 after the company launched the Robovan W5.</li>
<li>Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) gained 7.7% to $141.32 following upbeat quarterly earnings.</li>
<li>Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) rose 6.5% to $38.41 after the company reported better-than-expected fourth-quarter EPS results.</li>
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Philip Morris Posts Upbeat Results, Joins Coherent, ArcelorMittal, Yum! Brands And Other Big Stocks Moving Higher On Thursday

InterDigital shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 adjusted EPS guidance above estimates. The company also announced an increase in its quarterly dividend from $0.45 per share to $0.60.

Near-Term Outlook
The table below presents guidance of the company's current outlook for first quarter and full year 2025. The outlook for first quarter 2025 covers existing licenses and does not include any new agreements or arbitration results we may sign or receive over the balance of the first quarter.&nbsp;&nbsp; The outlook for full year 2025 includes both existing licenses and the expected contributions from both new agreements and arbitration results over the balance of the year.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>(in millions, except per share data)</td>
<td>Q1 2025</td>
<td>Full Year 2025</td>
</tr>
<tr>
<td>Revenue</td>
<td>$112 - $116</td>
<td>$660 - $760</td>
</tr>
<tr>
<td>Adjusted EBITDA 2</td>
<td>$53 - $60</td>
<td>$400 - $495</td>
</tr>
<tr>
<td>Diluted EPS 1</td>
<td>$0.58 - $0.79</td>
<td>$6.79 - $9.67</td>
</tr>
<tr>
<td>Non-GAAP EPS 3</td>
<td>$1.19 - $1.42</td>
<td>$9.69 - $12.92</td>
</tr>
</tbody>
</table>
</figure>

InterDigital Expects FY25 Revenue Of $660M-$760M Vs $859.96M Est, Adj EPS Of $9.69-$12.92 Vs $12.18 Est

The earnings results for InterDigital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>) for Q4 were made public on Thursday, February 6, 2025 at 08:30 AM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
InterDigital beat estimated earnings by 33.0%, reporting an EPS of $5.15 versus an estimate of $3.87.
Revenue was up $147.28 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company beat on EPS by $1.39 in the last quarter, resulting in a 10.0% increase share price change the following day.
Here's a look at InterDigital's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.24</td>
<td>0.33</td>
<td>2.75</td>
<td>0.89</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.63</td>
<td>4.57</td>
<td>3.58</td>
<td>1.41</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>95.95M</td>
<td>99.68M</td>
<td>250.28M</td>
<td>104.64M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>128.68M</td>
<td>223.49M</td>
<td>263.54M</td>
<td>105.52M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
InterDigital management provided guidance for FY 2025, expecting earnings between $9.69 and $12.92 per share.
To track all earnings releases for InterDigital <a href="https://www.benzinga.com/quote/IDCC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

InterDigital Earnings Review: Q4 Summary

InterDigital Expects Q1 Revenue Of $112M-$116M Vs $130.48M Est, Adj EPS Of $1.19-$1.42 Vs $1.17 Est

Earnings Beats

InterDigital Q4 2024 Adj. EPS $5.15 Beats $4.12 Estimate, Sales $252.802M Beat $244.234M Estimate

Dividends

InterDigital Announces An Increase In The Company's Quarterly Cash Dividend From $0.45 To $0.60 Per Share

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Earnings Scheduled For February 6, 2025

InterDigital Files Patent Lawsuits Against Disney, Alleging Infringement By Disney+, Hulu, and ESPN+

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Core Scientific, Inc. - Class A Common Stock

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Shares of companies within the broader technology sector are trading lower amid overall market weakness following recent economic data and a rise in yields. Also, the sector may be falling in response to a recent pullback in NVIDIA as investors evaluate CES announcements.

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Shares of software companies are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

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