Revenue (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

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,
	2025		2024		Increase/(Decrease)

Smartphone	$	235,084	$	199,225	$	35,859	18	%
CE, IoT/Auto	65,331		23,729		41,602		175	%
Other	181		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,
	2025		2024		Increase/(Decrease)
Smartphone	$	419,075	$	279,505	$	139,570	50	%
CE, IoT/Auto	91,598		206,272		(114,674)		(56)	%
Other	430		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.

Schedule of 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
2026	425,298
2027	413,782
2028	322,625
2029	268,989
Thereafter	232,500
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.