Rambus (RMBS) Misses Q1 Earnings

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Go back to Rambus (RMBS) Misses Q1 Earnings

Rambus Reports First Quarter 2022 Financial Results

May 2, 2022 4:05 PM EDT

Exceeded Q1 guidance for revenue Delivered record quarterly product revenue of $48.0 million driven by memory interface chips Strengthened balance sheet by retiring debt and generating $42.6 million in cash from operations

SAN JOSE, Calif.--(BUSINESS WIRE)-- Rambus Inc. (NASDAQ: RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the first quarter ended March 31, 2022. GAAP revenue for the first quarter was $99.0 million, licensing billings were $64.1 million, product revenue was $48.0 million, and contract and other revenue was $20.6... More