InterDigital, Inc. (Form: 8-K, Received: 07/31/2025 08:33:41)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 31, 2025

(Exact name of Registrant as Specified in Charter)


Pennsylvania	1-33579	82-4936666
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

200 Bellevue Parkway, Suite 300

Wilmington, DE 19809-3727

(Address of principal executive offices, Zip code)

Registrant's telephone number, including area code

Former Name or Former Address, if Changed Since Last Report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading
Symbol(s)

Name of each exchange
on which registered

Common Stock, par value $0.01 per share

IDCC

NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 31, 2025, InterDigital, Inc. (the "Company") issued a press release announcing its results of operations and financial condition for the fiscal quarter ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1.

The information contained in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 7.01. Regulation FD.

The supplemental earnings presentation attached hereto as Exhibit 99.2 is being provided to investors in connection with the Company's earnings announcement.

The information contained in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.


99.1			InterDigital, Inc. press release dated July 31, 2025
99.2			Supplemental Earnings Presentation
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


INTERDIGITAL, INC.


By: /s/ Joshua D. Schmidt
Joshua D. Schmidt
Chief Legal Officer and
Corporate Secretary

INTERDIGITAL ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2025

Samsung arbitration decision and new HP license agreement drive Q2 results, exceeding outlook

Annualized recurring revenue1, at all-time high of $553 million, up 44% YoY

Company raises full year 2025 revenue guidance by $110 million

WILMINGTON, Del. July 31, 2025 - InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended June 30, 2025.

•Revenue of $300.6 million, up 34% year-over-year, driven by the conclusion of the Samsung arbitration and the new license agreement with HP.

•Net income was $180.6 million and diluted EPS was $5.35, up year-over-year 65% and 36%, respectively.

•Non-GAAP EPS2 at all-time high of $6.52 and Adjusted EBITDA3 of $236.7 million.

"Our agreement with Samsung is the largest license InterDigital has ever signed, worth more than $1 billion in total contract value over eight years. We have increased the mid-point of our annual revenue guidance by $110 million to $820 million and driven annualized recurring revenue to well over half a billion dollars,” commented Liren Chen, President and CEO, InterDigital. “As we continue to make progress across our licensing programs, the total contract value of licenses that we have signed since 2021 is now more than $4 billion, demonstrating the accelerating momentum of our IP-as-a-service business model.”

Second Quarter 2025 Financial Highlights, as compared to Second Quarter 2024:


	Three Months Ended June 30,
(in millions, except per share data)	2025	2024	Change
GAAP Results:
Revenue	$300.6	$223.5	34%
Operating expenses	$95.2	$89.6	6%
Net income	$180.6	$109.7	65%
Net income margin	60%	49%	11 ppt
Diluted EPS	$5.35	$3.93	36%

Non-GAAP Results:
Adjusted EBITDA 3	$236.7	$157.7	50%
Adjusted EBITDA margin 3	79%	71%	8 ppt
Non-GAAP Net income 2	$195.3	$118.9	64%
Non-GAAP EPS 2	$6.52	$4.57	43%

Additional Information:
Revenue by type:

Annualized recurring revenue 1	$553.1	$383.8	44%
Catch-up revenue	$162.3	$127.6	27%

Revenue by program:
Smartphone	$235.1	$199.2	18%
CE, IoT/Auto	$65.3	$23.7	175%
Other	$0.2	$0.5	(66)%

Return of Capital to Shareholders

(in millions, except per share data)

Share Repurchases

Dividends Declared

Total Return
of Capital

Value

Per Share

Value

Second quarter 2025

0.1

$26.2

$0.60

$15.5

$41.7

Convertibility of 2027 Notes

Pursuant to the terms of the Indenture governing InterDigital’s 3.50% Senior Convertible Notes due 2027 (the “Notes”), the Notes are convertible during its calendar quarter ending September 30, 2025. The current conversion rate of the Notes is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes.

Upon the conversion of any Notes, InterDigital will pay cash up to the aggregate principal amount of the Notes to be converted, and will pay cash, shares of its Common Stock, or a combination of cash and shares of its Common Stock for any conversion obligation in excess of the aggregate principal amount being converted, if any, at InterDigital’s election, as set forth in the Indenture governing the Notes.

At the time InterDigital issued the Notes, InterDigital entered into call spread transactions that together were designed to have the economic effect of reducing the net number of shares that will be issued in the event of conversion of the Notes by, in effect, increasing the conversion price of the Notes from InterDigital’s economic standpoint from $77.49 to $106.06. Refer to Footnote 5 of the Financial Statements from InterDigital’s Form 10-Q for the quarter ended June 30, 2025 for more information.

The Company raised its full year 2025 outlook and provided an initial outlook for third quarter 2025 in the table below. The outlook for third quarter 2025 covers existing licenses and does not include any new agreements or enforcement action results we may sign or receive over the balance of the third quarter. The outlook for full year 2025 includes both existing licenses and the expected contributions from new agreements over the balance of the year.


		Full Year 2025
(in millions, except per share data)	Q3 2025	Current	Prior
Revenue	$136 - $140	$790 - $850	$660 - $760


Adjusted EBITDA 3	$69 - $75	$551 - $569	$400 - $495
Diluted EPS	$0.94 - $1.11	$10.94 - $11.47	$6.79 - $9.67
Non-GAAP EPS 2	$1.52 - $1.72	$14.17 - $14.77	$9.69 - $12.92

Conference Call Information

InterDigital will host a conference call on Thursday, July 31, 2025 at 10:00 a.m. ET to discuss its second quarter 2025 financial performance and other company matters.

For a live Internet webcast of the conference call, visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the Internet option.

For telephone access to the conference call, visit www.interdigital.com and click on the “Dial In Registration” link on the Investors page. Registration is necessary to obtain a dial in phone number and PIN to join.

An Internet replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit the InterDigital website: www.interdigital.com.

For additional financial measures, refer to our second quarter 2025 Form 10-Q and the financial metrics tracker, which are available on the Investor Relations section of our website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements, including but not limited to statements regarding our outlook for Q3 and full year 2025, are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays or difficulties in the execution of patent license agreements on acceptable terms or at all; (ii) our ability to expand our revenue opportunities by entering into licensing arrangements with streaming and cloud-based service providers; (iii) the resolution of legal proceedings, including any awards or judgments relating to such proceedings, and changes in the schedules or costs associated therewith; (iv) our ability to maintain a strong patent portfolio and make strategic decisions related to our intellectual property protection; (v) the failure of markets for our technologies to materialize to the extent that we expect; (vi) our continued ability to develop new technologies; (vii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act and other U.S. and non-U.S. tax laws; (viii) the timing and impact of potential regulatory, administrative and legislative matters; (ix) the potential effects of macroeconomic conditions or trade conflicts; (x) our ability to hire and retain key personnel; (xi) operational risks, including cybersecurity events, human failures or other difficulties with our information technology systems; and (xii) risks related to any new accounting standards or our assumptions and application of relevant accounting standards, including with respect to revenue recognition.

We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.

1 Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targets. ARR is not a projection or forecast, and actual recurring revenue for any 12-month period will depend on a number of factors beyond our ability to predict or control, including those risks and uncertainties listed above. Additionally, ARR may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

2 Non-GAAP net income, Non-GAAP EPS, and Non-GAAP weighted-average diluted shares are supplemental non-GAAP financial measures that InterDigital believes provides investors with important insight into the Company's ongoing business performance. InterDigital defines Non-GAAP net income as net income attributable to InterDigital, Inc. plus share-based compensation, acquisition related amortization, depreciation and amortization, restructuring costs, impairment charges and one-time adjustments, losses on extinguishments of long-term debt, the related income tax effect of the preceding items, and adjustments to income taxes. Non-GAAP EPS is defined as Non-GAAP net income divided by Non-GAAP weighted average diluted shares, which adjusts the weighted average number of common shares outstanding for the dilutive effect of the Company's convertible notes, offset by our hedging arrangements. InterDigital’s computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below.

3 Adjusted EBITDA and Adjusted EBITDA margin are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the Company's ongoing business performance. InterDigital defines Adjusted EBITDA as net income attributable to InterDigital Inc. plus net loss attributable to non-controlling interest, income tax (provision) benefit, other income (expense) & interest expense, depreciation and amortization, share-based compensation, and other items. Other items include restructuring costs, impairment charges and other non-recurring items. Adjusted EBITDA margin is Adjusted EBITDA over total revenue. These non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure is provided below.

SUMMARY CONSOLIDATED STATEMENTS OF INCOME

(in thousands except per share data)


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Revenue	$	300,596	$	223,493	$	511,103	$	487,035
Operating expenses:
Research and portfolio development	53,674		50,145		101,104		99,520
Licensing	23,909		25,156		41,586		121,745
General and administrative	17,586		14,286		31,154		28,126

Total operating expenses	95,169		89,587		173,844		249,391

Income from operations	205,427		133,906		337,259		237,644

Interest expense	(9,537)		(11,483)		(19,408)		(23,405)
Other income, net	15,144		11,682		25,402		20,929
Income before income taxes	211,034		134,105		343,253		235,168
Income tax provision	(30,466)		(24,441)		(47,083)		(43,852)
Net income	$	180,568	$	109,664	$	296,170	$	191,316



Net income per common share — Basic	$	6.97	$	4.35	$	11.47	$	7.54
Weighted average number of common shares outstanding — Basic	25,917		25,207		25,829		25,359
Net income per common share — Diluted	$	5.35	$	3.93	$	8.81	$	6.80
Weighted average number of common shares outstanding — Diluted	33,725		27,910		33,615		28,125

Cash dividends declared per common share	$	0.60	$	0.40	$	1.20	$	0.80

SUMMARY CONSOLIDATED CASH FLOWS


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Cash flows from operating activities:
Net income	$	180,568	$	109,664	$	296,170	$	191,316
Non-cash adjustments	18,981		13,706		17,536		22,165













Working capital changes	(94,431)		(172,280)		(228,577)		(211,618)







Net cash provided by (used in) operating activities	105,118		(48,910)		85,129		1,863
Cash flows from investing activities:
Net (purchases) sales of short-term investments	(68,178)		94,286		17,987		118,902
Capitalized patent costs and property and equipment	(13,550)		(13,181)		(40,207)		(22,598)







Long-term investments	—		(382)		—		1,194
Net cash (used in) provided by investing activities	(81,728)		80,723		(22,220)		97,498
Cash flows from financing activities:
Payments on long-term debt	—		(137,479)		(1,284)		(139,069)
Repurchase of common stock	(26,168)		(34,802)		(31,417)		(63,670)
Dividends paid	(15,577)		(10,147)		(27,134)		(20,373)
Other	(924)		(1,580)		(25,785)		(10,215)














Net cash used in financing activities	(42,669)		(184,008)		(85,620)		(233,327)
Net decrease in cash, cash equivalents and restricted cash	(19,279)		(152,195)		(22,711)		(133,966)
Cash, cash equivalents and restricted cash, beginning of period	548,115		461,190		551,547		442,961
Cash, cash equivalents and restricted cash, end of period	$	528,836	$	308,995	$	528,836	$	308,995

SUMMARY CONSOLIDATED BALANCE SHEETS


	June 30, 2025		December 31, 2024
Assets
Cash, cash equivalents, and short-term investments	$	936,985	$	958,208
Accounts receivable	388,707		188,302
Prepaid and other current assets	60,717		84,312
Property & equipment and patents, net	344,339		327,174
Other long-term assets, net	253,961		277,533
Total assets	$	1,984,709	$	1,835,529
Liabilities and Shareholders' equity
Current portion of long-term debt	$	455,750	$	456,329
Current deferred revenue	178,291		178,009
Other current liabilities	74,817		91,472
Long-term deferred revenue	113,631		182,119
Long-term debt & other long-term liabilities	75,436		70,385
Total liabilities	897,925		978,314


Total shareholders' equity	1,086,784		857,215
Total liabilities and shareholders' equity	$	1,984,709	$	1,835,529

RECONCILIATION OF NON-GAAP MEASURES

The following tables present InterDigital's GAAP financial measures reconciled to the non-GAAP financial measures included in this release for the second quarter and year-to-date periods ended June 30, 2025 and 2024:


	Three Months Ended June 30,				Six Months Ended June 30,
	(in thousands)				(in thousands)
	2025		2024		2025		2024
Net income	$	180,568	$	109,664	$	296,170	$	191,316

Income tax provision	30,466		24,441		47,083		43,852
Other income, net & interest expense	(5,607)		(199)		(5,994)		2,476
Depreciation and amortization	19,465		17,376		37,678		34,616
Share-based compensation	11,836		9,655		21,334		19,041
Other items (a)	—		(3,200)		(483)		(3,200)
Adjusted EBITDA 3	$	236,728	$	157,737	$	395,788	$	288,101

(a) Other items in the above tables include one-time contra-expenses related to litigation fee reimbursements.


	Three Months Ended June 30,				Six Months Ended June 30,
	(in thousands, except for per share data)				(in thousands, except for per share data)
	2025		2024		2025		2024
Net income	$	180,568	$	109,664	$	296,170	$	191,316
Share-based compensation	11,836		9,655		21,334		19,041
Acquisition related amortization	8,900		8,324		17,550		16,745
Other operating items (a)	—		(3,200)		(483)		(3,200)
Other non-operating items (b)	—		(2,200)		—		(1,526)
Related income tax effect of above items	(4,355)		(2,642)		(8,065)		(6,523)
Adjustments to income taxes	(1,667)		(701)		(5,566)		(2,409)
Non-GAAP net income 2	$	195,282	$	118,900	$	320,940	$	213,444

Weighted average dilutive shares - GAAP	33,725		27,910		33,615		28,125
Less: Dilutive impact of the Convertible Notes	3,791		1,871		3,731		1,906
Weighted average dilutive shares - Non-GAAP 2	29,934		26,039		29,884		26,219

Diluted EPS	$	5.35	$	3.93	$	8.81	$	6.80
Non-GAAP EPS 2	$	6.52	$	4.57	$	10.74	$	8.14

(a) Other items in the above tables include one-time contra-expenses related to litigation fee reimbursements.

(b) Other non-operating items includes losses from observable price changes of our long-term strategic investments.

The following tables present a reconciliation between GAAP and non-GAAP versions of the estimated financial measures for the third quarter of fiscal 2025 and full year fiscal 2025 included in this release:


	Outlook
	(in millions)
			Full Year 2025
		Q3 2025	Current	Prior
Net income		$32 - $38	$372 - $390	$224 - $319

Income tax provision		8	65	56
Other income, net & interest expense		—	(6)	(2)
Depreciation and amortization		20	78	78
Share-based compensation		9	42	44
Other items		—	—	—
Adjusted EBITDA 3		$69 - $75	$551 - $569	$400 - $495


	Outlook
	(in millions, except for per share data)
			Full Year 2025
		Q3 2025	Current	Prior
Net income		$32 - $38	$372 - $390	$224 - $319
Share-based compensation		9	42	44
Acquisition related amortization		9	36	35
Other operating items		—	—	—
Other non-operating items		—	—	—
Related income tax effect of above items		(4)	(16)	(17)
Adjustments to income taxes		—	(6)	—
Non-GAAP net income 2		$46 - $52	$428 - $446	$286 - $381

Weighted average dilutive shares - GAAP		34.1	34.0	33.0
Less: Dilutive impact of the Convertible Notes		(4.0)	(3.8)	3.5
Weighted average dilutive shares - Non-GAAP 2		30.2	30.2	29.5

Diluted EPS		$0.94 - $1.11	$10.94 - $11.47	$6.79 - $9.67
Non-GAAP EPS 2		$1.52 - $1.72	$14.17 - $14.77	$9.69 - $12.92


CONTACT:			InterDigital, Inc.

			Email: investor.relations@interdigital.com
			+1 (302) 300-1857

Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act, including but not limited to statements related to our outlook for Q2 and full year 2025, and other financial and business goals. Forward-looking statements are based on our expectations as of the date of this presentation and are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond our control. Actual results could materially differ because of such factors or circumstances, which include those described in our first quarter 2025 earnings release. You should carefully consider these factors as well as the risks and uncertainties outlined in greater detail in the Risk Factors sections of our 2024 Form 10-K, our first quarter 2025 Form 10-Q and our other SEC filings before making any investment decision with respect to our common stock. These factors, individually or in the aggregate, may cause our actual results to differ materially from our expected and historical results. We undertake no obligation to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law. Industry Data This presentation contains statistical data, estimates, and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. While we believe the industry and market data included in this presentation are reliable and are based on reasonable assumptions, these data involve many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Non-GAAP Financial Measures This presentation includes certain non-GAAP measures not based on generally accepted accounting principles. For more information and for reconciliations between GAAP and these non-GAAP measures, see the appendix to this presentation. 2©2025 InterDigital, Inc. All Rights Reserved.

Q2 Financial Highlights  Revenue, Adj. EBITDAa and Diluted EPS exceed the top end of guidance range  Annualized Recurring Revenueb (ARR) up 44% YoY to an all-time high of $553 million  Smartphone ARRb up 58% YoY to $465 million, also an all- time high  Adj. EBITDAa of $237 million, up 50% YoY  Adj. EBITDA margina of 79%, up 8 PPT YoY  Return of capital of $42 million, including $26 million of share repurchases  Cash balance of $937 million a Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations b Please see appendix for a description of this metric and how it is calculated 5©2025 InterDigital, Inc. All Rights Reserved.

Recent Business Highlights  Concluded Samsung arbitration with significant increase to ARR  Signed new license agreement with HP  Driving 6G development, including integration of AI, via leadership in standards bodies such as 3GPP  Ranked #2 among global telecoms for patent portfolio quality and quantity by IEEE  Demonstrated “HDR Without Limits” alongside partners at NAB 2025 6©2025 InterDigital, Inc. All Rights Reserved.

Successful Completion of Samsung Arbitration  World’s largest smartphone manufacturer  License covers > 200 million mobile devices shipped annually  Total contract value of $1.05 billion over 8 years, licensed through end of 2030  Annual recurring revenue of $131 million, an increase of 67% from prior agreement  Catch-up revenue of $119 million recognized in Q2  Seven of ten largest smartphone vendors and ~80% of the global smartphone market now under license 7©2025 InterDigital, Inc. All Rights Reserved.

Q2 License Agreement With HP  Multi-year agreement licenses HP personal computers to our WiFi and video decoding technologies  HP is one of the world’s largest PC manufacturers  Agreement reached through bilateral negotiation  Further validates importance of our foundational innovation and growth potential beyond our Smartphone program  Catch-up revenue of $44 million recognized in Q2  More than 50% of the PC market now under license 8©2025 InterDigital, Inc. All Rights Reserved.

Financial Results vs. Outlook Q 2 ’ 2 5 R E S U L T S Q 2 ’ 2 5 O U T L O O K Revenue $300.6M $165M - $170M Adjusted EBITDAa $236.7M $107M - $114M Diluted EPS $5.35 $1.90 - $2.11 Non-GAAP EPSa $6.52 $2.67 - $2.90 aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations. 9©2025 InterDigital, Inc. All Rights Reserved.

ARRa +44% YoY Q2’25 Results ©2025 InterDigital, Inc. All Rights Reserved. 10 0 100 200 300 400 500 600 Q2 ‘24 Q2 ‘25 $384M $553M Ce, IoT/Auto Smartphone $224M $301M 0 100 200 300 400 500 600 Q2 ‘24 Q2 ‘25 Revenue +34 % YoY $158M $237M 71% 79% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 100 200 300 400 500 600 Q2 ‘24 Q2 ‘25 Adjusted EBITDAb +50% YoY $4.57 $6.52 Q2 ‘24 Q2 ‘25 Non-GAAP EPSb +43% YoY - - - - - -Adj EBITDA Marginb a Please see appendix for a description of this metric and how it is calculated b Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix.

Company Increases FY 2025 Guidance (as of July 31, 2025) 12 Q 3 ’ 2 5 O U T L O O K F Y 2 5 C U R R E N T O U T L O O K F Y 2 5 P R I O R O U T L O O K Revenue $136M - $140M $790M - $850M $660M - $760M Adjusted EBITDAa $69M - $75M $551M - $569M $400M - $495M Diluted EPS $0.94 - $1.11 $10.94 - $11.47 $6.79 - $9.67 Non-GAAP EPSa $1.52 - $1.72 $14.17 - $14.77 $9.69 - $12.92 a Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations. The outlook for third quarter 2025 covers existing licenses and does not include any new agreements or enforcement action results we may sign or receive over the balance of the third quarter. The outlook for full year 2025 includes both existing licenses and the expected contributions from new agreements over the balance of the year. ©2025 InterDigital, Inc. All Rights Reserved.

Upcoming Investor Events 13 August 26 Jefferies Semiconductor, IT Hardware & Communications Conference Chicago, IL August 27 Midwest IDEAS Conference Chicago, IL August 27 Evercore ISI Semiconductor, IT Hardware & Networking Conference Chicago, IL ©2025 InterDigital, Inc. All Rights Reserved. September 17/18 Sidoti Conference Virtual

Premier Team Essential Technology Development Company Introduction Long-term Growth Strategy Accelerating Business Momentum 01 0304 0205 InterDigital Innovating Today, Empowering Tomorrow ©2025 InterDigital, Inc. All Rights Reserved. 15

InterDigital Pioneering Wireless, Video and AI Research 16©2025 InterDigital, Inc. All Rights Reserved. 63% Adj. EBITDA Margina TOP CUSTOMERS: ~$1B Cash 2024 F inancial Resul ts $869M Revenue H I G H L I G H T S Driving foundational research in wireless, video & AI since 1972 World-class team Led by seasoned industry veterans Enabling ecosystem Over two billion devices and $5.7T economic value annually Industry-leading patents Evergreen patent portfolio of ~34,000 assets Long-term customers Subscription-like revenue, $4B+ in TCV* added since the start of 2021 58% YoY *TCV = total contract value a Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix $14.97 Non-GAAP EPSa 62% YoY

17©2025 InterDigital, Inc. All Rights Reserved. World-Class Leadership Team Robert S. Stien Chief Communications & Public Policy Officer Ken Kaskoun Chief Growth Officer Joshua Schmidt Chief Legal Officer Michael Cortino Chief Information Officer Skip Maloney Chief People Officer Rich Brezski CFO Julia Mattis Chief Licensing Officer (Interim) Liren Chen CEO Rajesh Pankaj CTO Decades of industry experience. Strong track record. Drive deep collaboration and superb execution

18©2025 InterDigital, Inc. All Rights Reserved. IP as a Service Business Model: A Virtuous Cycle of Innovation We are a foundational R&D company. We share our innovation through the standards process and monetize our technology through IP licensing. $ RESEARCH & INNOVATION PATENT PORTFOLIO LICENSING PRODUCT IMPLEMENTERS STANDARD DEVELOPMENT TECHNOLOGY SHARING

19©2025 InterDigital, Inc. All Rights Reserved. We Focus on Foundational Technologies We solve the most complex problems in the system. The technology we created is broadly applicable to many industries W I R E L E S S Cellular wireless - 4G/5G/6G WiFi and wireless local area networks V I D E O Video compression, transport and enhancement Immersive media compression, transport and enhancement A I Using AI for wireless and video Video coding for use by AI Our research and patents in these areas underpin our business

20©2025 InterDigital, Inc. All Rights Reserved. InterDigital Tech Underpins Surging Mobile Traffic 2017 2022 2027 50 100 150 200 250 3000 10.8 EB 90.4 EB 282.8 EB Video Drives Surge in Mobile Data Traffic Estimated global media traffic by application category (in exabytes per month)* * One exabyte equals one million terabytes. Source: Ericsson Mobility Report Video Other

21©2025 InterDigital, Inc. All Rights Reserved. Our Innovations Help Drive Video Codec Evolution 4K Movie 130-Minute Run Time (1) http://www.iam-media.com/litigation/what-will-tv-cost-you-putting-price-hevc-licences (2) Approximated based on the result from 3GPP document https://www.3gpp.org/ftp/Specs/archive/26_series/26.955/26955-h00.zip Source: Counterpoint, WINXDVD Uncompressed: 11,600GB Compressed VP9: ~15 GB HEVC: ~14 GB(1) AV1: ~11 GB VVC: ~9 GB(2) AVC: ~24 GB(1)

22©2025 InterDigital, Inc. All Rights Reserved. The Power of the Global Standards System C O N S U M E R S A global system of standards helps ensure interoperability I M P L E M E N T E R S Standards like 5G lower barriers to entry for new entrants into a market like smartphones and benefit from economies of scale O P E R A T O R S A N D S E R V I C E P R O V I D E R S Standards increase system capacity and lower the total cost of ownership

23©2025 InterDigital, Inc. All Rights Reserved. InterDigital Drives Standard Development U N I T I N G P R I N C I P L E S Strong belief in global standards Focus on technology merits and neutral on product implementation decisions S T R O N G L E A D E R S H I P Participate in 100+ standard development organizations (SDO) Hold more than 100 leadership positions in these SDOs B R O A D C O L L A B O R A T I O N S Collaborate with many industry partners and leading universities Our technologies benefit the whole eco-system: billions of devices and many cloud-based services each year

JVT 24©2025 InterDigital, Inc. All Rights Reserved. We Have Many Standard Development Leadership Positions Cellular & WiFi Standards Video Standards Sphere of Influence Growing: More than 100 Leadership Positions in Wireless & Video Standards RAN2 Chair SA6 Chair ETSI Board Member ISAC ISG Chair RIS ISG Chair Member FCC CSRIC IX – 6G Security Working Group SAI Vice Chair Steering Group Co-Chair Technology Roadmap Vice- Chair SA Board of Governors Policy & Procedures C/SAB Chair AIML Standing Committee Chair Internet WG Vice Chair NNVC Co-Chair & SW Chair Beyond VVC Co-Chair of Two AHG Beyond VVC Co-Chair of Two AHG AI AHG Co-Chair AI-PCC Chair Haptic AHG Chair Steering Board Member TSAG Vice Chair MPEG Green Chair Ultra HD Forum Board Member SMPTE 25CSS & 32NF80 TLXDG Committee Chair

25©2025 InterDigital, Inc. All Rights Reserved. One Of Only Four Companies with Multiple 3GPP Chair Positions Radio Access Network (RAN) WG1 Radio Layer1 WG2 Radio Layer 2/3 WG3 Architecture & Related Network Interfaces WG4 Radio Performance & Protocol Aspects WG5 Mobile Terminal Conformance Test Services & System Aspects (SA) WG1 Services WG2 System Architecture WG3 Security WG4 Codec WG5 Telecom Management WG6 Mission-critical Apps Core Network & Terminals (CT) WG1 User Equipment To Core Network Protocols WG3 Interworking With External Networks WG4 Core Network Protocols WG6 Smart Card Application Aspects

26©2025 InterDigital, Inc. All Rights Reserved. InterDigital is a Recognized Global Innovation Leader For the fourth year in a row, LexisNexis recognized InterDigital amongst the World’s 100 Most Innovative Business. Innovation Momentum 2025: The Global Top 100, “represents the world’s leading patent owners with the highest innovation momentum.” 2022: 2023: 2024: 2025:

27©2025 InterDigital, Inc. All Rights Reserved. Innovation Engine Fuels Evergreen IP Portfolio ~19,000 Assets ~34,000 Assets Our patent portfolio grew > 70% between 2017 & 2025 with the addition of video & DTV related technologies and continuing growth of wireless assets 2 0 1 7 : 2 0 2 5 : Portfolio is evergreen, growing by ~6 new patents each day Cellular WiFi Video DTVBroadcast & Home Network Implementation

©2025 InterDigital, Inc. All Rights Reserved. Licensing Success Drives ARRa Growth More than 40 licenses with TCV > $4B closed since the start of 2021 *Arbitration concluded a Please see appendix for a description of this metric and how it is calculated 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 ( Y T D ) 29 * $250M $300M $350M $400M $450M $500M $550M $600M New Agreements and Renewals Drive Increase in ARR

$155M $208M $255M $345M $551M 43% 49% 56% 63% 63% 0% 10% 20% 30% 40% 50% 60% 70% $0M $100M $200M $300M $400M $500M $600M $359M $425M $458M $550M $869M $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 2020 2021 2022 2023 2024 Strong Revenue Growth, Margins and Return of Capital 30 2020 2021 2022 2023 2024 Non-GAAP EPSa > 6.5X growth - - - - - -Adj EBITDA Margina Revenue 25% CAGR $2.27 $3.73 $5.08 $9.23 $14.97 $0.00 $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 2020 2021 2022 2023 2024 Adjusted EBITDA > 3.5X growth a a Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix $0M $500M $1,000M $1,500M $2,000M 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Dividends Repurchases Return of Capital Nearly $1.9B cumulative since 2011 ©2025 InterDigital, Inc. All Rights Reserved. 30

32©2025 InterDigital, Inc. All Rights Reserved. Our Technologies Benefit the Economy and the World Source: GSMA The Mobile Economy 2024 5.6 billion people globally subscribed to a mobile service, including 4.7 billion who used the mobile internet Mobile technologies and services generate $5.7 trillion economic value, 5.4% of global GDP Enables 35 million jobs across the wider mobile ecosystem 5G is projected to add nearly $1 trillion to the global economy in 2030

33©2025 InterDigital, Inc. All Rights Reserved. We Address Three Attractive Markets Sources: Counterpoint Research, OMDIA 1 Includes only value for Consumer Electronics and IoT Devices Market 2025E TAM Key Market Dynamic ’25 – ’28E CAGR Significant Customers CONTENT & CLOUD SERVICES ~$465B High growth with increasing focus on profitability ~11% <20 CE, IoT/AUTO ~1.6B Units (~$400B)1 High shipment growth with fragmentation across segments ~6% ~100 ~1.2B Units (~$470B) Increasing concentration of top OEMs SMARTPHONES ~3% <10

34©2025 InterDigital, Inc. All Rights Reserved. Clear Pathway to Growth Q2-2025 2030 SMARTPHONE I n c r e a s e p e n e t r a t i o n E n h a n c e v a l u a t i o n d u r i n g r e n e w a l s CE, IOT/AUTO I n c r e a s e p e n e t r a t i o n E x p a n d m a r k e t c o v e r a g e S T R E A M I N G & C L O U D S E R V I C E S G r o w v i d e o s e r v i c e s l i c e n s i n g p r o g r a m $87M ~$200M $0 ~$300M+ $1B+ A R R a T a r g e t 2030 (by 2027) $465M ~$500M a Please see appendix for a description of this metric and how it is calculated

Strong Runway for Continued Smartphone Growth Primary Opportunity Licensed1 Long Tail 1. Lenovo in binding arbitration Licensing coverage: ~80% • +8% from vivo license in Q1 • Large global market, projected at 3% CAGR thru ‘28 • Growth from licensing remaining top OEMs • Focus on driving higher value from key customers during renewal cycle 2 0 2 5 E S M A R T P H O N E S H I P M E N T S : ~ 1 . 2 B 51% 28% 17% ~80% ~ 5 Others ~5% Source: Counterpoint Research 35©2025 InterDigital, Inc. All Rights Reserved.

Good Momentum in CE - Large Opportunity Remains Licensed Note: Figures represent 2025 estimated shipments Source: Omdia P C s & T A B L E T S : ~ 3 8 5 M T V s : ~ 2 1 0 M Primary Opportunity Long Tail License coverage based on HEVC ~60%~25% ~15% ~35% ~45% ~20% 36©2025 InterDigital, Inc. All Rights Reserved.

37©2025 InterDigital, Inc. All Rights Reserved. Strong Growth Opportunity in Automotive and IoT Sources: Counterpoint Research, Omdia 2025E 2028E ~65 ~80 2025E 2028E Others Healthcare Enterprise Industrial PoS Smart Meters Asset Tracking ~250 ~350 P A S S E N G E R V E H I C L E S H I P M E N T S ( M ) C E L L U L A R I O T S H I P M E N T S ( M ) Active Licensing Program CAGR ~15% 5G 4G CAGR ~10% ~85% of 4G auto market licensed 5G auto market driving value growth

38©2025 InterDigital, Inc. All Rights Reserved. SVoD and AVoD Are Our Initial Focus Source: Omdia 2025 TAM 2028 TAM TAM CAGR $300 B$165 B $190 B $170 B $160 B $18 B $21 B $5 B $6 B +13% +14% +5% +5% -2% SVoD AVoD GLOBAL PAY-TV VIDEO CONFERENCING CLOUD GAMING $440 B

39©2025 InterDigital, Inc. All Rights Reserved. Capital Allocation Priorities Strong cash flow maintains balance sheet strength, funds organic investment in research, and enables significant share reduction Maintain fortress balance sheet Financial strength is a strategic asset Organic investment in business Prioritize investment into research and IP portfolio Inorganic investment Opportunistic and strategic Return Excess cash to shareholders ~$1.4B+ in share repurchases since ‘11 Dividend increase of 33% announced Feb ‘25

40©2025 InterDigital, Inc. All Rights Reserved. Target Financial Model for 2030 60%+ Powerful Operating Leverage drives Adjusted EBITDA Marginb Target $1B+ ARRa 14%+ Annual Growth Target High Margin Drives Strong Cash Flow $600M+ Adjusted EBITDAb Target Well positioned to drive value going forward a Please see appendix for a description of this metric and how it is calculated b Non-GAAP financial measure. Refer to appendix. Calculated based on an assumed 60% Adjusted EBITDA margin.

41©2025 InterDigital, Inc. All Rights Reserved. Key Takeaways World-class leadership and functional teams across the board Accelerating momentum for R&I, standard development, patent portfolio creation and licensing driven by continuing investment and strong execution We have a clear strategy, a world-class team and the operational discipline to drive the growth of ARRa to $1B+ target by 2030 Our technologies are critical to devices and services of multiple industries, giving us large addressable markets a Please see appendix for a description of this metric and how it is calculated

43©2025 InterDigital, Inc. All Rights Reserved. Supplemental Metrics Annualized recurring revenue ("ARR") for any quarter is defined as total revenues for the quarter less catch-up revenues for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targets. ARR is not a projection or forecast, and actual recurring revenues for any 12-month period will depend on a number of factors beyond our ability to predict or control, including those risks and uncertainties listed above. Additionally, ARR may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Adjusted EBITDA and Adjusted EBITDA margin are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the Company's ongoing business performance. InterDigital defines Adjusted EBITDA as net income attributable to InterDigital Inc. plus net loss attributable to non- controlling interest, income tax (provision) benefit, other income (expense) & interest expense, depreciation and amortization, share-based compensation, and other items. Other items include restructuring costs, impairment charges and other non-recurring items. Adjusted EBITDA margin is Adjusted EBITDA over total revenues. These non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below. Non-GAAP net income, Non-GAAP earnings per share (“EPS”), and Non-GAAP weighted-average dilutive shares are supplemental non-GAAP financial measures that InterDigital believes provides investors with important insight into the Company's ongoing business performance. InterDigital defines Non-GAAP net income as net income attributable to InterDigital, Inc. plus share-based compensation, acquisition related amortization, depreciation and amortization, restructuring costs, impairment charges and one-time adjustments, losses on extinguishments of long-term debt, the related income tax effect of the preceding items, and adjustments to income taxes. Non-GAAP EPS is defined as Non-GAAP net income divided by Non-GAAP weighted average number of common shares outstanding–diluted, which adjusts the weighted average number of common shares outstanding for the dilutive effect of the Company's convertible notes, offset by our hedging arrangements. InterDigital’s computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below.

Non-GAAP Reconciliation 44©2025 InterDigital, Inc. All Rights Reserved. (In millions) 2020 2021 2022 2023 2024 Q2'25 Q2'24 Q2'25 Q3'25 Current Prior Net income attributable to InterDigital, Inc. 45$ 55$ 94$ 214$ 359$ 181$ 110$ $64 - $71 $32 - $38 $372 - $390 $224 - $319 Net loss attributable to non-controlling interest (7) (13) (2) (3) - - - - - - - Income tax (provision) benefit (7) 15 26 24 71 30 24 14 8 65 56 Other income (expense) & interest expense 24 14 33 (13) 10 (6) - - - (6) (2) Depreciation and amortization 81 78 79 78 70 19 17 18 20 78 78 Share-based compensation 10 29 22 36 46 12 10 11 9 42 44 Other operating items 9 30 3 10 (4) - (3) - - - - Adjusted EBITDA 155$ 208$ 255$ 345$ 551$ 237$ 158$ $107 - $114 $69 - $75 $551 - $569 $400 - $495 Adjusted EBITDA Margin 43% 49% 56% 63% 63% 79% 71% 66% 52% 68% 63% Other Operating Items Restructuring -$ 28$ 3$ -$ -$ -$ -$ -$ -$ -$ -$ Other non-cash charges 9 - - 3 - - - - - - - Non-Recurring Personnel-Related - 2 - - - - - - - - - Net Litigation Fee Reimbursement - - - 8 (4) - (3) - - - - Total Other Operating Items 9$ 30$ 3$ 10$ (4)$ -$ (3)$ -$ -$ -$ -$ NOTE: Sums may not equal total due to rounding Full Year 2025 Full Year Three Months Ended Outlook

Non-GAAP Reconciliation 45©2025 InterDigital, Inc. All Rights Reserved. (In millions, except per share data) 2020 2021 2022 2023 2024 Q2'25 Q2'24 Q2'25 Q3'25 Current Prior Net income attributable to InterDigital, Inc. 45$ 55$ 94$ 214$ 359$ 181$ 110$ $64 - $71 $32 - $38 $372 - $390 $224 - $319 Share-based compensation 10 29 22 36 46 12 10 11 9 42 44 Acquisition related amortization 44 42 42 41 33 9 8 9 9 36 35 Other operating items 9 30 3 10 (4) - (3) - - - - Other non-operating items (4) (11) 13 (14) (2) - (2) - - - - Related income tax and noncontrolling interest effect of above items (12) (26) (17) (17) (15) (4) (3) (4) (4) (16) (17) Adjustments to income taxes (21) (2) (2) (16) (7) (2) (1) - - (6) - Non-GAAP net income 70$ 117$ 155$ 254$ 409$ 195$ 119$ $80 - $87 $46 - $52 $428 - $446 $286 - $381 Weighted average dilutive shares - GAAP 31.1 31.3 30.5 28.1 29.7 33.7 27.9 33.7 34.1 34.0 33.0 Less: Dilutive impact of the Convertible Notes - - - 0.5 2.4 3.8 1.9 3.7 4.0 3.8 3.5 Weighted average dilutive shares - Non-GAAP 31.1 31.3 30.5 27.6 27.3 29.9 26.0 30.0 30.2 30.2 29.5 Diluted EPS 1.44$ 1.77$ 3.07$ 7.62$ 12.07$ 5.35$ 3.93$ $1.90 - $2.11 $0.94 - $1.11 $10.94 - $11.47 $6.79 - $9.67 Non-GAAP EPS 2.27$ 3.73$ 5.08$ 9.23$ 14.97$ 6.52$ 4.57$ $2.67 - $2.90 $1.52 - $1.72 $14.17 - $14.77 $9.69 - $12.92 Other Operating Items Restructuring -$ 28$ 3$ -$ -$ -$ -$ -$ -$ -$ -$ Other non-cash charges 9 - - 3 - - - - - - - Non-recurring personnel-related - 2 - - - - - - - - - Net litigation fee reimbursement - - - 8 (4) - (3) - - - - Total Other Operating Items 9$ 30$ 3$ 10$ (4)$ -$ (3)$ -$ -$ -$ -$ Other Non-operating Items Fair value changes (4)$ (9)$ 2$ (10)$ (2)$ -$ (2)$ -$ -$ -$ -$ Loss on extinguishment of debt - - 11 - - - - - - - - Other non-cash charges - (2) - (4) - - - - - - - Total Other Non-operating Items (4)$ (11)$ 13$ (14)$ (2)$ -$ (2)$ -$ -$ -$ -$ NOTE: Sums may not equal total due to rounding Full Year 2025 Full Year Three Months Ended Outlook