Recent News
On June 11, 2026 the company announced a patent license agreement with Amazon covering video services and devices, including Amazon Prime Video. In early April 2026 InterDigital updated its full‑year 2026 outlook and cited a new license with LG Electronics; the company referenced ongoing smartphone renewals and licensing momentum. Insider activity and proxy filings appeared in May and June ahead of the virtual annual meeting.
Technical Analysis
Directional indicators show trend strength: ADX at 37.2 signals a strong trend, while DI+ increasing and DI‑ decreasing indicate directional bias toward the upside; that directional structure supports a near-term positive price bias relative to current valuation.
MACD sits at -4.75 but has crossed above its signal line (-10.51), a bullish momentum signal; the rising MACD trend signals a shift from prior negative momentum into improving momentum for price action over the coming weeks.
MRO reads -8.64 and shows a dip-and-reversal; the negative MRO signals the price currently lies below the model target and therefore implies upside potential as momentum normalizes. RSI at 41.8 and increasing indicates recovering buying pressure from recent weakness without yet showing overbought conditions.
Price versus averages: the close at $287.15 sits above the 20‑day average ($264.40) and the 12‑day EMA (dip & reversal), but below the 50‑day ($299.18) and 200‑day ($330.41) averages—this configuration points to short‑term strength inside a longer-term consolidation band. Price trades slightly above the upper 1‑standard‑deviation Bollinger band, indicating short-term extension that the MACD/RSI dynamics may either sustain or correct against.
Volume and volatility: ten‑ and fifty‑day average volumes (≈450k and ≈364k) compare to current volume of ≈557k, suggesting above‑average participation on recent moves; 42‑day and 52‑week volatility readings near 3% imply contained realized volatility for the equity relative to many technology hardware names.
Fundamental Analysis
Profitability and margins remain strong. EBIT equals $88,861,000 and EBIT margin at 43.26% compares above the industry peer range high (≈42.739%), indicating unusually high operating profitability versus peers. Operating margin stands at 40.05% and gross margin at 74.63%, both supportive of durable licensing economics; EBIT margin quarter‑over‑quarter rose 12.698 percentage points while EBIT margin year‑over‑year declined by 35.912 percentage points—QoQ improvement coexists with a sizable YoY contraction figure that requires monitoring.
Revenue and earnings: total revenue equals $205,416,000 with reported revenue growth of 29.82%. The dataset shows revenue growth QoQ at -861.128% and revenue growth YoY at -278.249% (reported values); these large signed percentages reflect company‑provided change metrics in the record and should be reviewed alongside reported top‑line detail. EPS actual came in at $2.57 versus an estimate of $2.52, producing an EPS surprise of roughly 1.98% and a $0.05 positive difference versus consensus; forward EPS sits at $2.81 and forward PE at 121.46x based on the provided forward EPS.
Balance sheet and cash flow: cash and short‑term investments total $1,081,859,000 and the cash ratio reads 1.465, reflecting a liquid balance sheet relative to near‑term obligations. Free cash flow equals $1,003,000 and free cash flow yield at 0.011% remains unusually low, while operating cash flow stands at $16,081,000; cash conversion ratio equals 31.684%. Debt metrics show total debt of $401,722,000, debt‑to‑equity of 36.38%, and interest coverage near 9.80x, supporting a manageable leverage profile given cash resources.
Valuation multiples: trailing PE at 134.93x and price‑to‑book at 8.07x sit above the industry peer mean (P/B mean ≈7.83). Enterprise value equals $8,227,367,134 with an enterprise multiple of 76.13x. WMDST values the stock as over‑valued; price target mean at $291.46 lies marginally above the current close ($287.15), while the price target range spans $158.27 to $485.84, reflecting analyst dispersion and licensing outcome sensitivity.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-30 |
| NEXT REPORT DATE: | 2026-07-30 |
| CASH FLOW | Begin Period Cash Flow | $ 754.3 M |
| Operating Cash Flow | $ 16.1 M | |
| Capital Expenditures | $ -15.08 M | |
| Change In Working Capital | $ -181.96 M | |
| Dividends Paid | $ -17.98 M | |
| Cash Flow Delta | $ -136.68 M | |
| End Period Cash Flow | $ 617.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 205.4 M | |
| Forward Revenue | $ 49.6 M | |
| COSTS | ||
| Cost Of Revenue | $ 52.1 M | |
| Depreciation | $ 19.2 M | |
| Depreciation and Amortization | $ 19.2 M | |
| Research and Development | $ 55.8 M | |
| Total Operating Expenses | $ 123.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 153.3 M | |
| EBITDA | $ 108.1 M | |
| EBIT | $ 88.9 M | |
| Operating Income | $ 82.3 M | |
| Interest Income | $ 10.5 M | |
| Interest Expense | $ 9.1 M | |
| Net Interest Income | $ 1.5 M | |
| Income Before Tax | $ 79.8 M | |
| Tax Provision | $ 4.5 M | |
| Tax Rate | 5.6 % | |
| Net Income | $ 75.3 M | |
| Net Income From Continuing Operations | $ 75.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.52 | |
| EPS Actual | $ 2.57 | |
| EPS Difference | $ 0.05 | |
| EPS Surprise | 1.984 % | |
| Forward EPS | $ 2.81 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.1 B | |
| Intangible Assets | $ 343.2 M | |
| Net Tangible Assets | $ 760.9 M | |
| Total Current Assets | $ 1.4 B | |
| Cash and Short-Term Investments | $ 1.1 B | |
| Cash | $ 607.6 M | |
| Net Receivables | $ 208.3 M | |
| Inventory | — | |
| Long-Term Investments | $ 31.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 17.3 M | |
| Short-Term Debt | $ 377.8 M | |
| Total Current Liabilities | $ 738.3 M | |
| Net Debt | — | |
| Total Debt | $ 401.7 M | |
| Total Liabilities | $ 967.1 M | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 2.2 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 42.98 | |
| Shares Outstanding | 25.873 M | |
| Revenue Per-Share | $ 8.00 | |
| VALUATION | Market Capitalization | $ 8.9 B |
| Enterprise Value | $ 8.2 B | |
| Enterprise Multiple | 76.131 | |
| Enterprise Multiple QoQ | -20.448 % | |
| Enterprise Multiple YoY | 154.972 % | |
| Enterprise Multiple IPRWA | high: 338.716 mean: 84.686 IDCC: 76.131 median: 68.042 low: -157.605 |
|
| EV/R | 40.052 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.876 | |
| Asset To Liability | 2.142 | |
| Debt To Capital | 0.267 | |
| Debt To Assets | 0.194 | |
| Debt To Assets QoQ | -17.987 % | |
| Debt To Assets YoY | -25.743 % | |
| Debt To Assets IPRWA | high: 0.642 median: 0.244 mean: 0.209 IDCC: 0.194 low: 0.01 |
|
| Debt To Equity | 0.364 | |
| Debt To Equity QoQ | -17.935 % | |
| Debt To Equity YoY | -29.903 % | |
| Debt To Equity IPRWA | high: 1.77 median: 0.63 mean: 0.53 IDCC: 0.364 low: 0.014 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 8.068 | |
| Price To Book QoQ | 4.684 % | |
| Price To Book YoY | 45.823 % | |
| Price To Book IPRWA | high: 29.004 IDCC: 8.068 mean: 7.831 median: 6.366 low: -8.728 |
|
| Price To Earnings (P/E) | 134.932 | |
| Price To Earnings QoQ | -13.419 % | |
| Price To Earnings YoY | 133.288 % | |
| Price To Earnings IPRWA | high: 391.742 IDCC: 134.932 mean: 124.329 median: 92.924 low: -227.806 |
|
| PE/G Ratio | 6.357 | |
| Price To Sales (P/S) | 43.363 | |
| Price To Sales QoQ | -19.146 % | |
| Price To Sales YoY | 76.107 % | |
| Price To Sales IPRWA | IDCC: 43.363 high: 26.443 median: 19.792 mean: 15.952 low: 0.753 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 121.463 | |
| Forward PE/G | 5.722 | |
| Forward P/S | 180.98 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.553 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.099 | |
| Asset Turnover Ratio QoQ | 31.961 % | |
| Asset Turnover Ratio YoY | -12.76 % | |
| Asset Turnover Ratio IPRWA | high: 0.386 mean: 0.139 median: 0.126 IDCC: 0.099 low: 0.043 |
|
| Receivables Turnover | 1.477 | |
| Receivables Turnover Ratio QoQ | 7.564 % | |
| Receivables Turnover Ratio YoY | 72.809 % | |
| Receivables Turnover Ratio IPRWA | high: 3.425 mean: 2.092 median: 1.96 IDCC: 1.477 low: 0.512 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 61.778 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 23.138 | |
| Cash Conversion Cycle Days QoQ | 4.679 % | |
| Cash Conversion Cycle Days YoY | -59.68 % | |
| Cash Conversion Cycle Days IPRWA | high: 380.347 mean: 107.483 median: 68.857 IDCC: 23.138 low: -108.637 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.317 | |
| CapEx To Revenue | -0.073 | |
| CapEx To Depreciation | -0.785 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.5 B | |
| Invested Capital | $ 1.5 B | |
| Net Tangible Assets | $ 760.9 M | |
| Net Working Capital | $ 648.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.465 | |
| Current Ratio | 1.878 | |
| Current Ratio QoQ | 1.823 % | |
| Current Ratio YoY | 6.508 % | |
| Current Ratio IPRWA | high: 6.25 IDCC: 1.878 mean: 1.797 median: 1.121 low: 0.73 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.717 | |
| Cost Of Debt | 1.924 % | |
| Interest Coverage Ratio | 9.8 | |
| Interest Coverage Ratio QoQ | 69.992 % | |
| Interest Coverage Ratio YoY | -31.916 % | |
| Interest Coverage Ratio IPRWA | high: 48.917 mean: 12.924 median: 10.854 IDCC: 9.8 low: -29.31 |
|
| Operating Cash Flow Ratio | -0.05 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 38.64 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.19 | |
| Dividend Payout Ratio | 0.239 | |
| Dividend Rate | $ 0.70 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.335 % | |
| Revenue Growth | 29.821 % | |
| Revenue Growth QoQ | -861.128 % | |
| Revenue Growth YoY | -278.249 % | |
| Revenue Growth IPRWA | high: 33.034 % IDCC: 29.821 % median: 3.131 % mean: 0.29 % low: -71.127 % |
|
| Earnings Growth | 21.226 % | |
| Earnings Growth QoQ | -225.873 % | |
| Earnings Growth YoY | -235.647 % | |
| Earnings Growth IPRWA | high: 100.0 % IDCC: 21.226 % median: 4.0 % mean: -3.528 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 74.628 % | |
| Gross Margin QoQ | -6.2 % | |
| Gross Margin YoY | -18.531 % | |
| Gross Margin IPRWA | IDCC: 74.628 % high: 66.178 % median: 61.897 % mean: 56.666 % low: 16.069 % |
|
| EBIT Margin | 43.259 % | |
| EBIT Margin QoQ | 12.698 % | |
| EBIT Margin YoY | -35.912 % | |
| EBIT Margin IPRWA | IDCC: 43.259 % high: 42.739 % median: 26.165 % mean: 26.068 % low: -43.884 % |
|
| Return On Sales (ROS) | 40.046 % | |
| Return On Sales QoQ | 32.603 % | |
| Return On Sales YoY | -40.672 % | |
| Return On Sales IPRWA | high: 42.739 % IDCC: 40.046 % mean: 25.476 % median: 24.868 % low: -43.884 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.0 M | |
| Free Cash Flow Yield | 0.011 % | |
| Free Cash Flow Yield QoQ | -98.06 % | |
| Free Cash Flow Yield YoY | -101.222 % | |
| Free Cash Flow Yield IPRWA | high: 17.232 % mean: 1.484 % median: 0.507 % IDCC: 0.011 % low: -22.413 % |
|
| Free Cash Growth | -97.916 % | |
| Free Cash Growth QoQ | 12.082 % | |
| Free Cash Growth YoY | -23.718 % | |
| Free Cash Growth IPRWA | high: 215.137 % mean: -16.082 % median: -46.729 % IDCC: -97.916 % low: -229.917 % |
|
| Free Cash To Net Income | 0.013 | |
| Cash Flow Margin | -17.856 % | |
| Cash Flow To Earnings | -0.487 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.643 % | |
| Return On Assets QoQ | 78.229 % | |
| Return On Assets YoY | -41.74 % | |
| Return On Assets IPRWA | high: 4.977 % IDCC: 3.643 % mean: 2.764 % median: 2.597 % low: -5.098 % |
|
| Return On Capital Employed (ROCE) | 6.667 % | |
| Return On Equity (ROE) | 0.068 | |
| Return On Equity QoQ | 74.859 % | |
| Return On Equity YoY | -44.704 % | |
| Return On Equity IPRWA | high: 0.239 IDCC: 0.068 median: 0.067 mean: 0.066 low: -0.295 |
|
| DuPont ROE | 6.832 % | |
| Return On Invested Capital (ROIC) | 5.621 % | |
| Return On Invested Capital QoQ | 70.385 % | |
| Return On Invested Capital YoY | -36.284 % | |
| Return On Invested Capital IPRWA | high: 6.911 % IDCC: 5.621 % median: 4.495 % mean: 4.304 % low: -8.258 % |
|