Rambus Q2 revenue $121.1M at guidance high end; record product revenue $53.3M

RAMBUS INC

2022-Q2 EPS reported -$0.28 revenue$220,182,000

GAAP revenue $121.1M, net income $35.0M, diluted EPS $0.31; at high end of guidance.
Record product revenue $53.3M (+71% YoY) driven by memory interface chips.
Licensing billings $66.1M (flat YoY); operating cash flow $56.5M.
Q3 guidance: licensing billings $63-69M, product revenue $51-57M, non-GAAP costs $77-81M.
Paid $24.7M to repay 2023 senior notes and $16.1M for Hardent acquisition.

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