---
schema_version: "secwatch.filing_event.v1"
accession: "0000917273-24-000083"
form_type: "8-K"
ticker: "RMBS"
cik: "0000917273"
company_name: "RAMBUS INC"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T06:06:46.758586+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rambus Q1 revenue $117.9M, net income $32.9M; launches DDR5 PMICs for AI

## Summary
- GAAP diluted EPS $0.30 vs $0.03 YoY; revenue up 4% from $113.8M.
- Product revenue $50.4M (down 21% YoY); royalties $47.5M (up 68% YoY).
- Operating income $30.1M, margin 26%, vs $1.9M and 2% a year ago.
- Completed $50M accelerated share repurchase; cash and securities $391.1M.
- Q2 guidance: licensing billings $61-67M, product rev $52-58M, non-GAAP op costs $80-76M.

## SEC filing metadata
- accession: 0000917273-24-000083
- form_type: 8-K
- ticker: RMBS
- cik: 0000917273
- company_name: RAMBUS INC
- filed_at: 2024-04-29T23:59:59+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/917273/000091727324000083/0000917273-24-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917273/000091727324000083/rmbs-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917273-24-000083
- JSON: https://secwatch.observer/filing/0000917273-24-000083.json
- Plain text: https://secwatch.observer/filing/0000917273-24-000083.txt

## Key facts
- Earnings Releases
  RAMBUS INC reported the first quarter ended March 31, 2024 results: revenue $117.9 million, net income $32.9 million, EPS $0.30.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $117.9 million
  - Net income: $32.9 million
  - EPS: $0.30
  - Result: reported results
  source text: today reported financial results for the first quarter ended March 31, 2024. GAAP revenue for the first quarter was $117.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/917273/000091727324000083/0000917273-24-000083-index.htm
- Earnings Releases
  RAMBUS INC updated its the second quarter of 2024 guidance (reaffirmed).
  - Period: the second quarter of 2024
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The following table sets forth the second quarter outlook for other measures. (In millions) GAAP Non-GAAP (1) Licensing billings (operational metric) (2) $61 - $67 $61 - $67 Product revenue (GAAP) $52 - $58 $52 - $58 Contract and other revenue (GAAP) $17 - $23 $17 - $23 Total operating costs and expenses $95 - $91 $80 - $76 Interest and other income (expense), net $3 $3 Diluted share count 109 109
  evidence_url: https://www.sec.gov/Archives/edgar/data/917273/000091727324000083/0000917273-24-000083-index.htm

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