- Adjusted EBITDA was $237 million with a margin of 79%, up from 71% in Q2 last year.
- Annualized recurring revenue (ARR) increased 44% year-over-year to an all-time high of $553 million.
- Cash from operations was $105 million, resulting in free cash flow of $92 million.
- Consumer Electronics (CE) and IoT revenue increased 175% in Q2 to about $65 million, driven by the HP agreement.
- Non-GAAP EPS reached an all-time high of $6.52, well above guidance range of $2.67 to $2.90.
- Q2 revenue was $300 million, exceeding the top end of guidance of $170 million, driven by the Samsung arbitration award and HP license agreement.
- Returned $42 million to shareholders in Q2 through $26 million in buybacks and $16 million in dividends, with nearly $90 million returned year-to-date.
- Smartphone program ARR grew 58% year-over-year to $465 million, nearing the $500 million target by 2027.
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