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Dec 31, 2024
Rambus Q4 2024 Earnings Report
Reported financial results for the fourth quarter ended December 31, 2024.
Key Takeaways
Rambus reported strong Q4 2024 results with record quarterly product revenue and year-over-year growth. The company's GAAP revenue for the quarter was $161.1 million and generated $59.0 million in cash provided by operating activities.
Delivered record quarterly product revenue of $73.4 million, up 11% sequentially and 37% year over year
Generated record annual cash from operations of $230.6 million for 2024, up 18% year over year
Extended patent license agreement with Micron through 2029
GAAP revenue for the fourth quarter was $161.1 million
Rambus
Rambus
Rambus Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comRoyalties Revenue
CapyFin.comContract and other Revenue
CapyFin.com Forward Guidance
The Company will discuss its full revenue guidance for the first quarter of 2025 during its upcoming conference call.
Positive Outlook
- Licensing billings to be between $59 million and $65 million.
- Royalty revenue to be between $56 million and $62 million.
- Product revenue to be between $72 million and $78 million
- Contract and other revenue to be between $22 million and $28 million.
- Expects non-GAAP operating costs and expenses to be between $91 million and $87 million.
Challenges Ahead
- Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales and solutions licensing, among other matters.
- Expects operating costs and expenses to be between $105 million and $101 million.
- Expectations assume a tax rate of 20% and diluted share count of 108 million
- Excludes stock-based compensation expense of $12 million
- Excludes amortization of acquired intangible assets of $2 million.