Headquartered in Wilmington, DE Fiscal year ends December NASDAQ: IDCC interdigital.com
InterDigital is a research and development company focused on wireless, video and artificial intelligence technologies, founded in 1972 and listed on Nasdaq.
**What it develops:**
- Foundational technologies used in cellular standards (4G/5G and emerging 6G) and Wi-Fi.
- Video compression, transport and enhancement, including codecs such as HEVC and VVC.
- AI/ML research that intersects with both wireless and video.
**How it makes money:** It contributes its innovations to global standards bodies and monetizes them through subscription-like patent licensing. It holds an evergreen portfolio of roughly 40,000 patent assets.
**Licensing programs:**
- **Smartphone:** about 85% licensing coverage, with 8 of the top 10 OEMs licensed.
- **CE, IoT/Auto:** covers PCs, tablets, TVs, cellular IoT devices and vehicles; 4 of the top 5 PC makers are licensed.
- **Streaming and Cloud Services:** targets SVoD and AVoD video providers.
**Licensees and enforcement:** Licensees include wireless device makers, consumer electronics manufacturers, IoT and EV-charging companies (e.g., KEBA), automakers and streaming providers. The company enforces its patents through litigation and arbitration, including multiple Unified Patent Court injunctions against Disney.
**Other:** It acquired AI-based video compression company Deep Render. It targets $1B+ in annualized recurring revenue and a 60%+ adjusted EBITDA margin by 2030. Updated
InterDigital raised its full-year revenue outlook to $813 million to $819 million on contracted revenue alone, so any new license or enforcement win in Q4 is pure upside. A new PC license won through arbitration lifted CE, IoT and auto licensing 97%, more than offsetting softer smartphone revenue.
Micron leads today's payouts with $169.7 million going out to shareholders on October 29. InterDigital and Calamos pay out behind it.
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InterDigital is a research and development company focused on wireless, video and artificial intelligence technologies, founded in 1972 and listed on Nasdaq. **What it develops:** - Foundational technologies used in cellular standards (4G/5G and emerging 6G) and Wi-Fi. - Video compression, transport and enhancement…
The Wall Street consensus 12-month price target for IDCC is $462.67.
