Rambus Q3 product revenue $66.4M, up 27% YoY; introduces DDR5 chipsets for AI/data center

RAMBUS INC

2024-Q3 EPS reported $1.08 revenue$395,522,000

GAAP revenue $145.5M; product revenue $66.4M (+17% seq, +27% YoY); licensing billings $65.4M.
GAAP net income $48.7M ($0.45 diluted EPS); cash from operations $62.1M.
Unveiled industry-first complete chipsets for DDR5 MRDIMM and RDIMM targeting data center and AI.
Q4 guidance: product revenue $72-78M, licensing billings $57-63M, contract/other revenue $22-28M.
Repurchased $50M in shares during Q3; cash & marketable securities $432.7M flat sequentially.

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