---
schema_version: "secwatch.filing_event.v1"
accession: "0000917273-23-000011"
form_type: "8-K"
ticker: "RMBS"
cik: "0000917273"
company_name: "RAMBUS INC"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:56:20.360670+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000917273-23-000011
- form_type: 8-K
- ticker: RMBS
- cik: 0000917273
- company_name: RAMBUS INC
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917273/000091727323000011/0000917273-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917273/000091727323000011/rmbs-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917273-23-000011
- JSON: https://secwatch.observer/filing/0000917273-23-000011.json
- Plain text: https://secwatch.observer/filing/0000917273-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/917273/000091727323000011/0000917273-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.