---
schema_version: "secwatch.filing_event.v1"
accession: "0000917273-23-000018"
form_type: "8-K"
ticker: "RMBS"
cik: "0000917273"
company_name: "RAMBUS INC"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:42:04.902847+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000917273-23-000018
- form_type: 8-K
- ticker: RMBS
- cik: 0000917273
- company_name: RAMBUS INC
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917273/000091727323000018/0000917273-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917273/000091727323000018/rmbs-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917273-23-000018
- JSON: https://secwatch.observer/filing/0000917273-23-000018.json
- Plain text: https://secwatch.observer/filing/0000917273-23-000018.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/917273/000091727323000018/0000917273-23-000018-index.htm

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