WILMINGTON, DE — InterDigital, Inc. (Nasdaq: IDCC) has announced impressive second-quarter results for the period ending June 30, 2024.
“Our performance in the second quarter far exceeded the outlook and highlights how we continue to execute on our strategy and strengthen our innovation pipeline to support long-term growth,” said Liren Chen, CEO and President of InterDigital. “Given our all-time record revenue for the first half of the year and our increasing momentum across the business, we are raising our full-year revenue guidance by $70 million to between $690 million and $740 million.”
InterDigital’s strong performance in the second quarter has led the company to revise its full-year 2024 outlook upward. The company has also provided an initial outlook for the third quarter of 2024. This third-quarter forecast is based on existing licenses, with new agreements potentially adding to the results.
The record-breaking revenue in the first half of the year demonstrates the company’s successful execution of its strategic plans and its robust innovation pipeline. As InterDigital continues to grow, the revised revenue guidance reflects confidence in sustained momentum and future agreements.
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