InterDigital (IDCC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
In 3Q24, InterDigital generated $128.68 million in revenues, beating estimates by $32.73 million. Although revenue growth declined year-on-year, it raised its full-year guidance. The addition of OPPO as a strategic partner will contribute to IDCC's recurring revenue significantly and expand the company's portfolio of top smartphone OEMs. Although the Company's revenue target of $1 billion sounds ambitious, the company is well-positioned and on track to achieve its target.
Solid licensing momentum and product innovation help IDCC to beat third-quarter 2024 earnings estimates.
InterDigital, Inc. (NASDAQ:IDCC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Raiford Garrabrant - Head-Investor Relations Liren Chen - President and Chief Executive Officer Richard Brezski - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Scott Searle - ROTH Capital Partners Arjun Bhatia - William Blair Madeline Brooks - Bank of America Anja Soderstrom - Sidoti & Company, LLC Operator Good day and thank you for standing by. Welcome to the InterDigital, Inc. Third Quarter 2024 Earnings Call.
While the top- and bottom-line numbers for InterDigital (IDCC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
InterDigital (IDCC) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $2.13 per share a year ago.
Investors with an interest in Wireless Equipment stocks have likely encountered both InterDigital (IDCC) and Motorola (MSI). But which of these two stocks is more attractive to value investors?
InterDigital is set to showcase state-of-the-art video innovations at the upcoming IBC 2024 that deliver immersive and interactive content experiences across different devices.
InterDigital's recent stock upside was not impacted by tech volatility, showing the strength of its IP or intellectual property portfolio. The company's AI technology optimizes video streaming quality without compromising, leading to revenue growth and strong financial performance. Despite facing competition and downside risks, InterDigital's innovation in AI and video technologies positions it as a growth stock with the potential for sustained momentum.
InterDigital, Inc. (NASDAQ:IDCC ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Raiford Garrabrant - Head, Investor Relations Liren Chen - President & Chief Executive Officer Rich Brezski - Chief Financial Officer Conference Call Participants Arjun Bhatia - William Blair Anja Soderstrom - Sidoti Operator Good day everyone and thank you for standing by. Welcome to InterDigital Second Quarter 2024 Earnings Call.
InterDigital (IDCC) reports a top-line expansion year over year, driven by solid catch-up revenues in the smartphone licensing program.
InterDigital (IDCC) came out with quarterly earnings of $4.57 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $1.30 per share a year ago.