| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 178.51 | 3.7% | 22.7% |
| Total Income | 178.51 | 3.7% | 22.7% |
| Expenditure | 115.26 | 5.5% | 26.9% |
| PBT | 69.29 | 2.1% | 17.4% |
| Net Profit | 48.38 | 16.5% | 0.6% |
| OPM | 35.43% | 1.15pp | 2.15pp |
| NPM | 27.10% | 6.54pp | 6.34pp |
| EPS | 0.45 | 16.7% | 0.0% |
Rambus Reports Q3 2025: Product Revenue Record at $93.3 million
04 May 2026 · 4 May, 8:46 am
Summary
Rambus Inc. reported a strong third quarter in 2025, with GAAP revenue of $178.5 million. Product revenue reached a record $93.3 million, and the company generated $88.4 million in cash from operating activities. The company's operating income was $63.3 million, representing a 35% operating margin. For the fourth quarter of 2025, the company expects product revenue to be between $94 million and $100 million.
Key Highlights
- 1
Rambus reported GAAP revenue of $178.5 million for the third quarter of 2025.
- 2
Product revenue reached a record $93.3 million in Q3 2025.
- 3
The company generated $88.4 million in cash from operating activities during the quarter.
- 4
Licensing billings for the third quarter were $66.1 million.
- 5
Operating income for the third quarter was $63.3 million, representing a 35% operating margin.
- 6
Net income for the third quarter was $48.4 million, resulting in diluted net income per share of $0.44.
- 7
Cash, cash equivalents, and marketable securities totaled $673.3 million as of September 30, 2025.
Management Comments
Luc Seraphin
Rambus delivered a very strong third quarter, with record product revenue and excellent cash from operations, while continuing to execute on our strategic roadmap. Sustained DDR5 product leadership and ramping contributions from new products put us on track to deliver full-year product revenue growth that outpaces the market. Leveraging our core expertise in signal- and power-integrity, we are well positioned amid strong secular trends in data center and AI to drive long-term profitable growth.
Informational and educational content only. Not investment advice.