Rambus Q4 2019 Earnings Report

Rambus had an excellent fourth quarter, exceeding expectations with record Q4 revenue from memory interface chips and silicon IP.

Key Takeaways

Rambus reported strong Q4 2019 financial results, with revenue towards the high end of guidance at $59.9 million and licensing billings of $63.8 million. The company generated $35.4 million in cash from operating activities during the quarter and expanded its product portfolio with the acquisition of Secure Silicon IP and Protocols business from Verimatrix.

Rambus exceeded expectations in Q4 2019, with GAAP revenue of $59.9 million.

Licensing billings were $63.8 million, product revenue was $26.6 million, and contract and other revenue was $13.9 million.

The company achieved record Q4 and full-year revenue for both the Memory Interface Chips and Silicon IP businesses.

Cash provided by operating activities was $35.4 million in Q4 and $128.5 million for the full year 2019, up 48% year over year.