Rambus reported solid second-quarter results with revenue of $132.1 million and strong cash generation from operations. The company saw robust growth in product revenue and anticipates a strong third quarter driven by double-digit sequential chip growth.
Achieved solid Q2 results in line with expectations.
Generated outstanding cash from operations of $70.4 million.
Delivered $56.7 million in product revenue, up 13% sequentially.
Continued product portfolio expansion with DDR5 server PMICs, Client Clock Driver, and PCIe 7 IP solutions.
The Company will discuss its full revenue guidance for the third quarter of 2024 during its upcoming conference call.
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