Quarterly ResultApr 27, 2026, 04:14 PM
RMBS Q1 Revenue $180.2M; Product Revenue +15% to $88.0M
AI Summary
Rambus Inc. reported strong first quarter 2026 financial results, with GAAP revenue of $180.2 million and product revenue increasing 15% year-over-year to $88.0 million. The company generated $83.2 million in cash from operations and expanded its product and IP offerings for next-generation AI platforms. For Q2 2026, Rambus expects product revenue between $95 million and $101 million and licensing billings between $76 million and $82 million.
Key Highlights
- Q1 GAAP revenue was $180.2 million, up from $166.7 million in Q1 2025.
- Q1 product revenue increased 15% year-over-year to $88.0 million.
- Generated strong quarterly cash from operations of $83.2 million.
- Q1 GAAP diluted net income per share was $0.55; non-GAAP diluted EPS was $0.63.
- Expanded product and IP offerings for next-generation AI platforms.
- Q2 2026 product revenue guidance is $95 million to $101 million.
- Q2 2026 licensing billings guidance is $76 million to $82 million.