InterDigital (IDCC) reported second-quarter 2026 revenue of $260.2 million, down 13% from $300.6 million a year earlier, including $103.7 million of catch-up revenue. GAAP net income was $116.4 million, or $3.40 diluted EPS, compared with $180.6 million, or $5.35 diluted EPS, in the prior-year quarter.
The company said its first Streaming and Cloud Services agreement helped results exceed its outlook. Annualized recurring revenue rose 13% year over year to a record $625.7 million, and InterDigital raised its full-year 2026 revenue outlook to $775 million to $845 million.
- Second-quarter operating expenses rose 27% to $120.9 million.
- Streaming and Cloud Services revenue was $110.0 million in the quarter.
- InterDigital reached an agreement with Amazon covering services and devices, including Amazon Prime Video, with final terms to be determined by binding arbitration.
- The company projected third-quarter 2026 revenue of $154 million to $158 million and diluted EPS of $1.25 to $1.42.
- Full-year 2026 diluted EPS guidance was raised to $7.91 to $9.67.
$IDCC Insider Trading Activity
$IDCC insiders have traded $IDCC stock on the open market 43 times in the past 6 months. Of those trades, 0 have been purchases and 43 have been sales.
Here’s a breakdown of recent trading of $IDCC stock by insiders over the last 6 months:
- RICHARD BREZSKI (Chief Financial Officer) has made 0 purchases and 17 sales selling 8,005 shares for an estimated $2,871,101.
- RAJESH PANKAJ (Chief Technology Officer) has made 0 purchases and 8 sales selling 8,000 shares for an estimated $2,430,595.
- JOSHUA D. SCHMIDT (CLO & Corp Secretary) has made 0 purchases and 10 sales selling 6,467 shares for an estimated $2,260,116.
- JULIA C MATTIS (Chief Licensing Officer) sold 1,600 shares for an estimated $412,239
- JOHN D. JR. MARKLEY has made 0 purchases and 2 sales selling 1,100 shares for an estimated $382,465.
- DEREK K ABERLE sold 522 shares for an estimated $144,406
- SAMIR ARMALY sold 470 shares for an estimated $130,020
- JOAN H GILLMAN sold 325 shares for an estimated $114,478
- JOHN A KRITZMACHER sold 365 shares for an estimated $100,973
- JEAN F RANKIN sold 365 shares for an estimated $100,973
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$IDCC Hedge Fund Activity
We have seen 241 institutional investors add shares of $IDCC stock to their portfolio, and 276 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 657,495 shares (-15.4%) from their portfolio in Q1 2026, for an estimated $198,563,490
- MILLENNIUM MANAGEMENT LLC added 212,884 shares (+1952.9%) to their portfolio in Q1 2026, for an estimated $64,290,968
- WEDGE CAPITAL MANAGEMENT L L P/NC removed 179,364 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $54,167,928
- JANE STREET GROUP, LLC added 159,935 shares (+11785.9%) to their portfolio in Q1 2026, for an estimated $48,300,370
- ROYAL BANK OF CANADA added 157,687 shares (+375.7%) to their portfolio in Q1 2026, for an estimated $47,621,474
- TWO SIGMA INVESTMENTS, LP added 154,620 shares (+174.1%) to their portfolio in Q1 2026, for an estimated $46,695,240
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 126,328 shares (+135.7%) to their portfolio in Q1 2026, for an estimated $38,151,056
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
