REVENUE (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

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,
	2026		2025		Increase/(Decrease)
Smartphone	$	122,700	$	235,084	$	(112,384)	(48)	%
CE, IoT/Auto	27,470		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,
	2026		2025		Increase/(Decrease)
Smartphone	$	246,091	$	419,075	$	(172,984)	(41)	%
CE, IoT/Auto	109,361		91,598		17,763		19	%
Streaming and Cloud Services	110,000		—		110,000		N/M
Other	134		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

Schedule of 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
2027	572,557
2028	476,769
2029	416,840
2030	280,601
Thereafter	73,758
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.