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Mar 31, 2023
Rambus Q1 2023 Earnings Report
Rambus delivered strong Q1 results with revenue and earnings at the high end of guidance.
Key Takeaways
Rambus reported a strong first quarter with revenue and earnings at the high end of guidance. Product revenue increased by 33% year over year, driven by memory interface chips. The company is well-positioned to address favorable secular trends in the data center, fueled by advancements in AI and other demanding workloads.
Delivered strong Q1 results with revenue and earnings at the high end of guidance
Produced quarterly product revenue of $63.8 million driven by memory interface chips, up 33% year over year
Extended comprehensive patent license agreement with SK hynix by 10 years through 2034
Generated $38.9 million in cash provided by operating activities
Revenue by Segment
Forward Guidance
The Company will discuss its full revenue guidance for the second quarter of 2023 during its upcoming conference call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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