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Jun 30, 2020
Rambus Q2 2020 Earnings Report
Rambus had a superb second quarter with cash generated from operations at a 10-year high and its chip business delivering its fifth consecutive quarter of record revenue.
Key Takeaways
Rambus reported a strong second quarter with revenue at the high end of expectations and cash generated from operations at a 10-year high. The memory interface chip business delivered its fifth consecutive quarter of record revenue, driven by strong demand in the data center.
Excellent quarter, at the high end of expectations for revenue and profit.
$62.0 million in cash provided by operating activities, the highest quarterly cash generation in over 10 years.
Fifth consecutive quarter of record revenue from memory interface chips driven by strong demand in data center.
Rambus remains poised as a market leader to support our customers’ next-generation systems with the recent industry publication of the DDR5 memory specification.
Revenue by Segment
Forward Guidance
The Company will discuss its full revenue guidance for the third quarter of 2020 during its upcoming conference call. For the third quarter of 2020, the Company expects licensing billings to be between $55 million and $61 million. The Company also expects royalty revenue to be between $9 million and $15 million, product revenue to be between $29 million and $35 million and contract and other revenue to be between $10 million and $16 million.
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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