Rambus Q2 revenue $132.1M, product revenue up 13% sequentially; Q3 guidance signals continued growth

RAMBUS INC

2024-Q2 EPS reported $0.63 revenue$250,009,000

GAAP revenue $132.1M (Q2 2024) vs $119.8M YoY; diluted EPS $0.33 vs $1.51 (prior year included large gain).
Product revenue $56.7M, up 13% sequentially; cash from operations $70.4M vs $50.4M YoY.
Licensing billings $61.5M, roughly flat YoY; contract and other revenue $19.0M.
Q3 guidance: product revenue $62–68M, licensing billings $60–66M, non-GAAP opex $78–82M.
CEO expects double-digit sequential chip growth in Q3; portfolio expansion in DDR5 PMICs, PCIe 7.

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