secwatch.observer — SEC 8-K summary
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Issuer:     RAMBUS INC (RMBS)
CIK:        0000917273
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000917273-24-000083
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917273/000091727324000083/0000917273-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917273/000091727324000083/rmbs-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000917273-24-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer