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Mar 31, 2022
Rambus Q1 2022 Earnings Report
Rambus reported a strong first quarter, exceeding revenue guidance and delivering record product revenue.
Key Takeaways
Rambus delivered a strong first quarter with record product revenue of $48.0 million, driven by memory interface chips. The company generated $42.6 million in cash from operations and strengthened its balance sheet by retiring debt.
Exceeded Q1 guidance for revenue.
Delivered record quarterly product revenue of $48.0 million driven by memory interface chips.
Strengthened balance sheet by retiring debt.
Generated $42.6 million in cash from operations.
Rambus
Rambus
Rambus Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comRoyalties Revenue
CapyFin.comContract and other Revenue
CapyFin.com Forward Guidance
For the second quarter of 2022, the Company expects licensing billings to be between $61 million and $67 million. The Company also expects royalty revenue to be between $42 million and $48 million, product revenue to be between $49 million and $55 million and contract and other revenue to be between $18 million and $24 million. Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales, solutions licensing among other matters.
Positive Outlook
- Licensing billings between $61 million and $67 million.
- Royalty revenue between $42 million and $48 million.
- Product revenue between $49 million and $55 million.
- Contract and other revenue between $18 million and $24 million.
Challenges Ahead
- Revenue is not without risk.
- Achieving revenue in this range will require that the Company sign customer agreements for various product sales, solutions licensing among other matters.
- Operating costs and expenses to be between $92 million and $88 million.
- Non-GAAP operating costs and expenses to be between $79 million and $75 million.
- Non-GAAP interest and other income (expense), net, of ($1 million).
Revenue & Expenses
Visualization of income flow from segment revenue to net income