Rambus (RMBS) Reports Q1 Loss of $0.02

Rambus (NASDAQ: RMBS) reported Q1 EPS of ($0.02), versus ($0.06) reported last year. Revenue for the quarter came in at $70.4 million, versus $65.8 million reported last year.

"Rambus executed well in the first quarter, with revenue and earnings at the high end of expectations, and strong cash generation fueling investment in our product roadmap," said Luc Seraphin, chief executive officer of Rambus. "Ongoing share gains for memory interface chips and strong demand in Cloud and other target markets are driving topline growth for the company. We are pleased with our customer momentum and are confident in the Company's ability to deliver ongoing profitable growth."

GUIDANCE:

Rambus sees Q2 2021 revenue of $60-66 million.

For earnings history and earnings-related data on Rambus (RMBS) click here.

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