Rambus Q2 2022 Earnings Report
Key Takeaways
Rambus reported a strong second quarter with record product revenue from memory interface chips and sustained silicon IP momentum. Q2 revenue and earnings were at the high end of guidance. The company generated $56.5 million in cash from operations.
Delivered Q2 revenue and earnings at the high end of guidance
Achieved record quarterly product revenue driven by memory interface chips
Expanded DDR5 portfolio with introduction of companion chips for server and client memory modules
Generated $56.5 million in cash from operations
Rambus
Rambus
Rambus Revenue by Segment
Forward Guidance
For the third quarter of 2022, the Company expects licensing billings to be between $63 million and $69 million. The Company also expects royalty revenue to be between $29 million and $35 million, product revenue to be between $51 million and $57 million and contract and other revenue to be between $18 million and $24 million. The Company also expects operating costs and expenses to be between $94 million and $90 million. Additionally, the Company expects non-GAAP operating costs and expenses to be between $81 million and $77 million. These expectations also assume non-GAAP interest and other income (expense), net, of ($1 million), tax rate of 24% and diluted share count of 113 million, and exclude stock-based compensation expense ($9 million), amortization expense ($4 million), non-cash interest expense on convertible notes ($0.1 million) and interest income related to the significant financing component from fixed-fee patent and technology licensing arrangements ($1 million).
Revenue & Expenses
Visualization of income flow from segment revenue to net income