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Jun 30, 2021
Rambus Q2 2021 Earnings Report
Exceeded Q2 guidance for revenue and profitability.
Key Takeaways
Rambus reported strong Q2 2021 financial results, exceeding guidance for revenue and profitability. The company generated $51.6 million in cash from operating activities and initiated a $100 million accelerated share repurchase program. Strategic advancements were made to capture the next wave of semiconductor growth.
Exceeded Q2 guidance for revenue and profitability.
Generated $51.6 million in cash provided by operating activities.
Initiated $100 million accelerated share repurchase program.
Accelerated data center solution roadmap with CXL Memory Interconnect Initiative.
Rambus
Rambus
Rambus Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comRoyalties Revenue
CapyFin.comContract and other Revenue
CapyFin.com Forward Guidance
The Company will discuss its full revenue guidance for the third quarter of 2021 during its upcoming conference call.
Positive Outlook
- Licensing billings to be between $59 million and $65 million.
- Royalty revenue to be between $25 million and $31 million
- Product revenue to be between $34 million and $40 million
- Contract and other revenue to be between $11 million and $17 million
- Non-GAAP interest and other income (expense), net, of ($1 million)
Challenges Ahead
- 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.
- Operating costs and expenses to be between $76 million and $72 million.
- Non-GAAP operating costs and expenses to be between $65 million and $61 million.
- Expectations also assume tax rate of 24% and diluted share count of 113 million
- Expectations exclude stock-based compensation expense ($8 million), amortization expense ($3 million), non-cash interest expense on convertible notes ($2 million) and interest income related to the significant financing component from fixed-fee patent and technology licensing arrangements ($2 million).
Revenue & Expenses
Visualization of income flow from segment revenue to net income