v3.26.1
REVENUE
 6 Months Ended
Jun. 30, 2026
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, 2026 and 2025 (in thousands):
Three Months Ended June 30,
 20262025
Increase/(Decrease)
Smartphone$122,700 $235,084 $(112,384)(48)%
CE, IoT/Auto27,470 65,331 (37,861)(58)%
Streaming and Cloud Services
110,000 — 110,000 N/M
Other— 181 (181)(100)%
Total Revenue$260,170 $300,596 $(40,426)(13)%
Catch-up revenue (a), included above
$103,745 $162,328 $(58,583)(36)%
Six Months Ended June 30,
 20262025
Increase/(Decrease)
Smartphone$246,091 $419,075 $(172,984)(41)%
CE, IoT/Auto109,361 91,598 17,763 19 %
Streaming and Cloud Services
110,000 — 110,000 N/M
Other134 430 (296)(69)%
Total Revenue$465,586 $511,103 $(45,517)(9)%
Catch-up revenue (a), included above
$167,368 $247,113 $(79,745)(32)%
(a)    Catch-up revenue represents revenue associated with reporting periods prior to the execution of the license agreement.
N/M     Not meaningful
During the six months ended June 30, 2026, we recognized $108.1 million of revenue that had been included in deferred revenue as of the beginning of the period. As of June 30, 2026, we had contract assets of $32.3 million included within "Accounts receivable" and $143.0 million included within "Other non-current assets, net" in the condensed consolidated balance sheet. As of December 31, 2025, we had contract assets of $19.7 million included within "Accounts receivable" and $21.0 million included within "Other non-current assets, net" in the condensed consolidated balance sheet.
Contracted Revenue
As of June 30, 2026, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of existing contracts (in thousands):
Revenue (a)
Remainder of 2026$292,266 
2027572,557 
2028476,769 
2029416,840 
2030280,601 
Thereafter73,758 
Total Revenue$2,112,791 
(a)    This table includes estimated revenue related to our Lenovo and Amazon arbitrations. 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.