Rambus Q4 revenue $161.1M; record product revenue up 37% YoY; extends Micron license through 2029

RAMBUS INC

2024-FY EPS reported $1.65 revenue$556,624,000

Q4 GAAP revenue $161.1M; product revenue $73.4M (record, +37% YoY); licensing billings $63.6M.
GAAP net income $62.2M ($0.58 diluted EPS); annual cash from ops $230.6M (record, +18% YoY).
Extended patent license agreement with Micron through 2029.
Q1 2025 outlook: licensing billings $59-65M, product revenue $72-78M; GAAP operating costs $105-101M.

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