Rambus Q1 revenue $113.8M, product revenue up 33% YoY; extends SK hynix license through 2034

RAMBUS INC

2023-Q1 EPS reported $0.03 revenue$113,762,000

Q1 GAAP revenue $113.8M; product revenue $63.8M (+33% YoY); net income $3.3M vs loss $66.2M YoY.
Licensing billings $63.4M; extended SK hynix patent license agreement by 10 years through 2034.
Q2 guidance: licensing billings $61-67M, product revenue $50-56M, contract/other $18-24M.
GAAP diluted EPS $0.03; operating cash flow $38.9M; cash & securities $292.1M.
Revenue and earnings at high end of guidance, driven by memory interface chips and data center AI trends.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RAMBUS INC reported first quarter ended March 31, 2023 results: revenue $113.8 million, net income $3.3 million, EPS $0.03.

Period: first quarter ended March 31, 2023
Revenue: $113.8 million
Net income: $3.3 million
EPS: $0.03
Result: reported results

Exact text from the filing

industry-leading chips and IP making data faster and safer, today reported financial results for the first quarter ended March 31, 2023. GAAP revenue for the first quarter was $113.8 million, licensing billings were $63.4 million, product revenue was $63.8 million, and contract and other revenue was $21.8 million. The Company also generated $38.9 million in cash

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Source: SEC EDGAR

accession 0000917273-23-000011

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