Rambus Q2 GAAP EPS $1.51 on $119.8M revenue; product rev $55M, licensing billings $60.2M

RAMBUS INC

2023-Q2 EPS reported $1.55 revenue$233,594,000

GAAP net income $168.9M ($1.51 diluted EPS), includes $155.3M net tax benefit from valuation allowance release.
Total revenue $119.8M, down ~1% YoY; product revenue $55.0M (up 3%), licensing billings $60.2M.
Generated $50.4M cash from ops; cash and securities $332.6M, up $40.5M from Q1.
Q3 guidance: licensing billings $59-65M, product revenue $47-53M, non-GAAP op costs $71-75M.
Revenue in line with guidance, earnings at high end; CEO cites strong execution in challenging market.

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 0.97

RAMBUS INC reported the second quarter ended June 30, 2023 results: revenue $119.8 million, net income $168.9 million, EPS $1.51.

Period: the second quarter ended June 30, 2023
Revenue: $119.8 million
Net income: $168.9 million
EPS: $1.51
Result: reported results

Exact text from the filing

GAAP revenue for the second quarter was $119.8 million, licensing billings were $60.2 million, product revenue was $55.0 million, and contract and other revenue was $24.1 million.

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Source: SEC EDGAR

accession 0000917273-23-000018

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