Rambus (RMBS) Misses Q3 EPS, Revenues

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Go back to Rambus (RMBS) Misses Q3 EPS, Revenues

Rambus Reports Third Quarter 2022 Financial Results

October 31, 2022 4:05 PM EDT

Exceeded guidance for Q3 revenue and earnings Delivered record quarterly product revenue driven by memory interface chips Generated $80 million in cash from operations Initiated $100 million accelerated share repurchase program

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 third quarter ended September 30, 2022. GAAP revenue for the third quarter was $112.2 million, licensing billings were $62.2 million, product revenue was $58.6 million, and contract and other revenue was $23.7 million.... More