Rambus Q4 2020 Earnings Report
Key Takeaways
Rambus delivered excellent Q4 2020 results, driven by focused execution, significant product growth, and sustained patent licensing. The company's cash generation enables ongoing investment in its roadmap, positioning it well to meet the expanding needs of data center and cloud.
Delivered strong Q4 results, in line with revenue and exceeding profitability expectations
Beat 2020 guidance for annual revenue and earnings
Generated $185.5 million in cash provided by operating activities for the full year, up 44% year over year
Record annual product revenue of $114.0 million driven by Memory Interface Chips, up 56% year over year
Rambus
Rambus
Rambus Revenue by Segment
Forward Guidance
The Company will discuss its full revenue guidance for the first quarter of 2021 during its upcoming conference call. For the first quarter of 2021, the Company expects licensing billings to be between $60 million and $66 million. The Company also expects royalty revenue to be between $23 million and $29 million, product revenue to be between $27 million and $33 million and contract and other revenue to be between $7 million and $13 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income