Rambus Q3 2020 Earnings Report
Key Takeaways
Rambus reported a strong third quarter with revenue in line with expectations and profit exceeding expectations due to cost management actions. The company generated $44.1 million in cash from operating activities and saw a 39% year-over-year increase in memory interface chip revenue.
Revenue was in line with expectations, and profit exceeded expectations due to cost management.
Memory interface chip revenue increased by 39% year-over-year.
Micron DRAM license extended for an additional 4 years.
New stock repurchase program authorizes repurchase of 20 million shares.
Rambus
Rambus
Rambus Revenue by Segment
Forward Guidance
The Company will discuss its full revenue guidance for the fourth quarter of 2020 during its upcoming conference call. The Company expects licensing billings to be between $61 million and $67 million. The Company also expects royalty revenue to be between $12 million and $18 million, product revenue to be between $18 million and $24 million and contract and other revenue to be between $9 million and $15 million. Additionally, the Company expects non-GAAP operating costs and expenses to be between $59 million and $55 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income