Rambus Q1 2021 Earnings Report
Key Takeaways
Rambus reported GAAP revenue of $70.4 million and licensing billings of $63.5 million for Q1 2021. The company's performance was at the high end of expectations, driven by ongoing share gains for memory interface chips and strong demand in Cloud and other target markets.
Delivered strong Q1 results at high end of revenue and profitability targets
Product revenue was $30.8 million, up 41% quarter over quarter, primarily from memory interface chips
Generated $39.5 million in cash provided by operating activities
Confident in the company’s ability to deliver ongoing profitable growth
Rambus
Rambus
Rambus Revenue by Segment
Forward Guidance
The Company will discuss its full revenue guidance for the second quarter of 2021 during its upcoming conference call.The Company also expects royalty revenue to be between $32 million and $38 million, product revenue to be between $30 million and $36 million and contract and other revenue to be between $8 million and $14 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income