InterDigital, Inc. reported second quarter 2026 results with revenue of $260.2 million and diluted EPS of $3.40, driven by a new streaming agreement with Amazon that generated $110 million in revenue. Annualized recurring revenue reached an all-time high of $625.7 million, up 13% year-over-year. The company raised its full year 2026 revenue outlook to between $775 million and $845 million, increasing the midpoint by $85 million. Operating expenses rose 27% to $120.9 million due to higher intellectual property enforcement costs and share-based compensation. Net income was $116.4 million, down from $180.6 million in the prior year period, largely due to a decline in catch-up revenue. InterDigital operates as a wireless, video, and AI technology research and development company that licenses its innovations.