InterDigital (IDCC) Tops Q4 EPS by 61c, Guidance Tops Views

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InterDigital Reports Fourth Quarter and Full Year 2023 Financial Results

February 15, 2024 8:30 AM EST

Revenue growth of 20%, significant margin expansion and record return of capital highlight 2023 results

Full year 2024 revenue expected in a range of $620 million to $670 million

WILMINGTON, Del., Feb. 15, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the fourth quarter and full year ended December 31, 2023.

InterDigital delivered significant growth in 2023, driven by accelerating innovation and licensing momentum, commented Liren Chen, President and CEO, InterDigital. Revenue increased 20%,... More