Rambus (RMBS) Misses Q2 EPS by 9c
Rambus (NASDAQ: RMBS) reported Q2 EPS of $0.31, $0.09 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $121.1 million versus the consensus estimate of $137.2 million.
2022 Third Quarter Outlook:
The Company will discuss its full revenue guidance for the third quarter of 2022 during its upcoming conference call. The following table sets forth third quarter outlook for other measures.
(In millions) |
| GAAP |
| Non-GAAP (1) |
Licensing billings (operational metric) (2) |
| $63 - $69 |
| $63 - $69 |
Product revenue (GAAP) |
| $51 - $57 |
| $51 - $57 |
Contract and other revenue (GAAP) |
| $18 - $24 |
 | $18 - $24 |
Total operating costs and expenses |
| $94 - $90 |
| $81 - $77 |
Interest and other income (expense), net |
| $0 |
| ($1) |
Diluted share count |
| 113 |
| 113 |
_________________________________________ | ||
(1) | See “Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates” table included below. | |
(2) | Licensing billings is an operational metric that reflects amounts invoiced to our licensing customers during the period, as adjusted for certain differences relating to advanced payments for variable licensing agreements. | |
For earnings history and earnings-related data on Rambus (RMBS) click here.