InterDigital, Inc. (IDCC)

InterDigital beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported July 30, even as results declined year over year. Revenue fell 13.4% to about $260.2 million (down from $300.6 million a year ago) but still topped consensus, with revenue of $260.2 million against a $143.1 million estimate, +81.8%. Adjusted EPS of $4.62 also topped the $0.90 estimate, +412%, though it was down from $6.52 a year ago (down 29.1% YoY). Profitability remained high, with gross margin near 79% and operating margin around 54%, while net income declined 35.6% to roughly $116.4 million versus $180.6 million a year ago. The company generated about $82.5 million of operating cash flow, repurchased roughly $23.0 million of stock, and paid about $18.1 million in dividends during the quarter. For the next period, consensus calls for EPS of $1.34 on revenue of $156.6 million.