Rambus Q3 revenue $112.2M, record product revenue; initiates $100M buyback

RAMBUS INC

2022-Q3 EPS reported -$0.27 revenue$332,426,000

GAAP revenue $112.2M, product revenue $58.6M (record), licensing billings $62.2M, contract $23.7M.
Net income $0.9M ($0.01 diluted EPS); generated $80M cash from operations.
Q4 guidance: product revenue $63-69M, licensing billings $59-65M, contract $21-27M.
Initiated $100M accelerated share repurchase program; repaid $58.9M senior notes.
Non-GAAP operating expenses outlook $82-86M for Q4; tax rate 24%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

RAMBUS INC updated its the fourth quarter of 2022 guidance (initiated).

Period: the fourth quarter of 2022
Guidance: initiated
Result: guidance update

Exact text from the filing

For the fourth quarter of 2022, the Company expects licensing billings to be between $59 million and $65 million. The Company also expects royalty revenue to be between $29 million and $35 million, product revenue to be between $63 million and $69 million and contract and other revenue to be between $21 million and $27 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

RAMBUS INC reported the third quarter ended September 30, 2022 results: revenue $112.2 million, net income $0.9 million, EPS $0.01.

Period: the third quarter ended September 30, 2022
Revenue: $112.2 million
Net income: $0.9 million
EPS: $0.01
Result: reported results

Exact text from the filing

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. The Company also generated $80 million in cash

View on SEC.gov

Browse all earnings releases →

RAMBUS INC filing history →

Source: SEC EDGAR

accession 0000917273-22-000028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.