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InterDigital (IDCC)
NASDAQ:IDCC
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.07Last Year’s EPS
$1.41Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 28.24%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant achievements such as exceeding financial guidance, securing major licensing agreements, and strong growth in consumer electronics and IoT segments. However, challenges such as year-over-year revenue decrease and ongoing arbitration processes were noted.Company Guidance
During the InterDigital Q3 2024 earnings call, the company reported exceeding the high end of their guidance for revenue, adjusted EBITDA, and EPS, driven by significant licensing agreements, including a new worldwide license with OPPO Group. This agreement, which covers OPPO, Realme, and OnePlus branded devices, contributed to the company's decision to raise their 2024 annual revenue guidance by $145 million, reaching $860 million. The company also highlighted a binding global arbitration agreement with Lenovo and the completion of agreements with Panasonic and TPV, bolstering their licensing portfolio. The revenue for Q3 was $129 million, including $99 million in recurring revenue and $30 million in catch-up revenue. The company anticipates a record level of recurring revenue in Q4, boosting their annual recurring revenue to approximately $470 million.Exceeding Financial Guidance
Revenue, adjusted EBITDA, and EPS all exceeded the high end of guidance range for Q3 2024. Raised 2024 annual guidance by $145 million at midpoint to $860 million.
Significant Licensing Agreements
Signed new license with OPPO Group, covering global sales of major brands, and a binding global arbitration agreement with Lenovo. This adds to existing licenses with Samsung, Apple, and Xiaomi.
Consumer Electronics and IoT Growth
Revenue from CE and IoT licensing grew by 15% year-over-year, driven by new agreements with TPV and Panasonic.
Innovation and Patent Recognition
Ranked among top 5 patent owners in 5G, WiFi, and advanced video compression by LexisNexis. Recognized for advancements in video technology with industry awards.
Operational Leverage and Cash Flow
Strong cash generation with $78 million from operations and $65 million in free cash flow, ending the quarter with over $800 million in cash.
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IDCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IDCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $147.72 | $150.44 | +1.84% |
| Aug 01, 2024 | $122.38 | $136.45 | +11.50% |
| May 02, 2024 | $97.28 | $102.20 | +5.06% |
| Feb 15, 2024 | $103.53 | $114.93 | +11.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does InterDigital (IDCC) report earnings?
InterDigital (IDCC) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is InterDigital (IDCC) earnings time?
InterDigital (IDCC) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IDCC EPS forecast?
IDCC EPS forecast for the fiscal quarter 2024 (Q4) is $4.07.
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