B+
Bull case
25%
Probability
Target price
$360.00
Analysis reference price unavailable
Analysis 2026-05-03 · RankAlpha Sentiment Codex
IDCC
InterDigitalCNasdaq / Software & Services
Last Price
Quote time unavailable
Current thesis
The bullish read is that Q1 showed licensing momentum is intact: six new agreements, Xiaomi renewed long term, LG TV added, smartphone ARR hit a record, and FY26 guidance was reaffirmed despite a softer reported GAAP earnings comparison. If the market reaction overemphasized lower catch-up revenue and missed the growth in recurring licensing base, the reset could reverse on further contract conversion.
Posture
Mixed
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-29 · BMO.
What can break
Cash and short-term investments remain strong at roughly $1.09B including restricted cash and investments, but that was down from about $1.26B at year-end after capital returns and note-related cash use, so capital allocation remains worth monitoring [#10-Q-2026-04-30].
Momentum
45
Value
58
Sentiment
45
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $300.00 · Bull $360.00 · Bear $240.00Analysis 2026-05-03; returns require an exact persisted reference.
Earnings
2026-10-29 · BMO
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-03 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-23
Investment thesis
As of 2026-10-23
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $462.67
Why
Momentum45 · Δ7d +21.0
Value58 · Δ7d +0.3
Sentiment45 · Δ7d -2.2
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Next scheduled catalyst: earnings 2026-10-29 · BMO.
- • Value remains the lead driver in the composite, 7D delta +0.3.
Contradictions & invalidation
- • Cash and short-term investments remain strong at roughly $1.09B including restricted cash and investments, but that was down from about $1.26B at year-end after capital returns and note-related cash use, so capital allocation remains worth monitoring [#10-Q-2026-04-30].
- • FY26 guidance remains wide and management said the full-year outlook includes expected contributions from new agreements and/or enforcement actions not yet realized, limiting near-term visibility.
- • The bearish read is that the stock reaction reflects a real quality-of-earnings issue: reported revenue was down 2% year over year, GAAP EPS fell 38%, catch-up revenue declined, and operating expenses rose sharply from revenue-share and IP enforcement costs.
Catalyst clock
2026-10-29 · BMO
Post-earnings digestion after Q1 beat and guidance reaffirmation
Lead driver: Value · See fundamentals
Momentum
45
8% active weight
Current posture
7d trendImproving
Δ7d
+21.0
Δ21d
+1.6
Value
58
47% active weight
Current posture
7d trendFlat
Δ7d
+0.3
Δ21d
+1.2
Sentiment
45
45% active weight
Current posture
7d trendSoftening
Δ7d
-2.2
Δ21d
-3.2
Why this grade
Composite grade C. Momentum 44.6 / Value 57.8 / Sentiment 45.5
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-05-03. Scenario method
Most likely
B
Base case
45%
Probability
Target price
$300.00
Analysis reference price unavailable
Analysis 2026-05-03 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$240.00
Analysis reference price unavailable
Analysis 2026-05-03 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$8.45B
Beta
1.57
Shares Out
25.81M
P/E (TTM)
22.7
P/S (TTM)
9.31
P/FCF (TTM)
16.12
Rev YoY
-13.4%
EPS YoY
-36.6%
Gross Margin
+78.7%
Op Margin
+43.8%
Net Debt
-$766.17M
Current Ratio
1.74
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data