v3.25.2
Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregated Revenue
The following table presents the disaggregation of our revenue for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,
 20252024
Increase/(Decrease)
Smartphone$235,084 $199,225 $35,859 18 %
CE, IoT/Auto65,331 23,729 41,602 175 %
Other181 539 (358)(66)%
Total Revenue$300,596 $223,493 $77,103 34 %
Catch-up revenue (a), included above
$162,328 $127,551 $34,777 27 %
Six Months Ended June 30,
 20252024
Increase/(Decrease)
Smartphone$419,075 $279,505 $139,570 50 %
CE, IoT/Auto91,598 206,272 (114,674)(56)%
Other430 1,258 (828)(66)%
Total Revenue$511,103 $487,035 $24,068 5 %
Catch-up revenue (a), included above
$247,113 $294,229 $(47,116)(16)%
(a)    Catch-up revenue represents revenue associated with reporting periods prior to the execution of the license agreement.
During the six months ended June 30, 2025, we recognized $108.5 million of revenue that had been included in deferred revenue as of the beginning of the period. As of June 30, 2025, we had contract assets of $343.8 million included within "Accounts receivable" and $9.0 million included within "Other non-current assets, net" in the condensed consolidated balance sheet. As of December 31, 2024, we had contract assets of $162.8 million included within "Accounts receivable" in the condensed consolidated balance sheet.
Contracted Revenue
Based on contracts signed and committed as of June 30, 2025, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of such contracts (in thousands):
Revenue (a)
Remainder of 2025$259,231 
2026425,298 
2027413,782 
2028322,625 
2029268,989 
Thereafter232,500 
Total Revenue$1,922,425 
(a)    This table includes estimated revenue related to our Lenovo arbitration. In accordance with ASC 606, this estimate is limited to the amount of revenue we expect to recognize only to the extent we believe it is probable that a subsequent change in the estimate would not result in a significant revenue reversal.