Rambus Q3 revenue $105.3M beats guidance; net income includes $90.8M PHY IP sale gain

RAMBUS INC

2023-Q3 EPS reported $2.48 revenue$338,892,000

GAAP revenue $105.3M, product revenue $52.2M, licensing billings $57.9M; diluted EPS $0.93 (includes $90.8M gain on PHY IP sale).
Generated $51.6M cash from ops; completed $100M accelerated share repurchase program.
Sold PHY IP business to strengthen focus on chips and digital IP.
Q4 outlook: licensing billings $56-62M, product revenue $52-58M, total operating costs $88-84M GAAP.
Non-GAAP operating costs $73-69M; diluted share count ~110M.

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 0.9

RAMBUS INC reported the third quarter ended September 30, 2023 results: revenue $105.3 million, net income $103.2 million, EPS $0.93.

Period: the third quarter ended September 30, 2023
Revenue: $105.3 million
Net income: $103.2 million
EPS: $0.93
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, 2023. GAAP revenue for the third quarter was $105.3 million, licensing billings were $57.9 million, product revenue was $52.2 million, and contract and other revenue was $24.2 million. The Company also generated $51.6 million in cash

View on SEC.gov

Browse all earnings releases →

RAMBUS INC filing history →

Source: SEC EDGAR

accession 0000917273-23-000025

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.