InterDigital Announces Financial Results for First Quarter 2024
InterDigital, Inc. (IDCC)
Last interdigital, inc. earnings: 2/20 08:30 am
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ir.interdigital.com
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Source: GlobeNewswire
New license agreements drive 30% increase in YoY revenue and record quarter for Consumer Electronics Company reaffirms full year 2024 guidance WILMINGTON, Del., May 02, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended March 31, 2024. "InterDigital made significant progress in first quarter towards our 2024 revenue guidance of $620 million to $670 million,” commented Liren Chen, President and CEO, InterDigital. “Revenue was $264 million for the quarter, one of the highest quarters in our history, and included an all-time high for our CE and IoT licensing program. With our landmark consumer electronics agreement with Samsung, we signed agreements with a cumulative value of almost $2.7 billion over the last three years, giving us an incredibly strong base from which to drive additional growth opportunities.” First Quarter 2024 Financial Highlights, as compa
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News
- InterDigital, Inc. (NASDAQ: IDCC) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $100.00 price target on the stock, down previously from $106.00.MarketBeat
- InterDigital, Inc. (NASDAQ: IDCC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- InterDigital (IDCC) Q1 Earnings Beat on Higher Revenues [Yahoo! Finance]Yahoo! Finance
- InterDigital, Inc. (NASDAQ:IDCC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- InterDigital awarded injunction against Lenovo [Yahoo! Finance]Yahoo! Finance
IDCC
Earnings
- 5/2/24 - Beat
IDCC
Sec Filings
- 5/7/24 - Form 4
- 5/6/24 - Form 144
- 5/2/24 - Form S-8
- IDCC's page on the SEC website