08:54 AM EST, 03/06/2025 (MT Newswires) -- InterDigital (IDCC) said Thursday it increased its outlook for Q1, driven by the signing of a new multiyear, worldwide, non-exclusive, royalty bearing license deal with a Chinese smartphone vendor.

The company said it now expects Q1 non-GAAP earnings per share of $3.66 to $3.90, up from the prior outlook of $1.19 to $1.42.

Four analysts polled by FactSet expect $1.90.

InterDigital raised its Q1 revenue outlook to $202 million to $206 million from the previous guidance of $112 million to $116 million.

Four analysts surveyed by FactSet expect $138.3 million.

InterDigital shares were up by more than 8% in premarket activity.