Rambus Q2 revenue $84.9M beats guidance; net income $0.10 EPS; initiates $100M buyback

RAMBUS INC

2021-Q2 EPS reported $0.07 revenue$155,241,000

GAAP revenue $84.9M, net income $11.2M ($0.10 diluted EPS); exceeded Q2 guidance.
Licensing billings $65.2M, product revenue $31.2M; cash from ops $51.6M.
Announced acquisitions of AnalogX and PLDA to accelerate data center roadmap.
Initiated $100M accelerated share repurchase program.
Q3 outlook: licensing billings $59-$65M, product revenue $34-$40M, total operating costs $76-$72M GAAP.

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