Rambus beats Q1 expectations: revenue $166.7M, product revenue $76.3M record, EPS $0.56

RAMBUS INC

2025-Q1 EPS reported $0.56 revenue$166,664,000

GAAP revenue $166.7M ($117.9M YoY); product revenue record $76.3M, up 52% YoY; licensing billings $73.3M.
GAAP diluted EPS $0.56 vs $0.30 YoY; net income $60.3M vs $32.9M.
Operating cash flow $77.4M vs $39.1M; cash and securities $514.4M.
Q2 guidance: product revenue $77-83M, licensing billings $64-70M, GAAP op costs $106-110M.
CEO cites strong start, market leadership in DDR5 chips, and record product revenue.

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