Rambus Falls After Revenue, EPS Miss Estimates
Rambus shares fell 12% in after-hours trading after the company reported first-quarter revenue of $180.2 million and non-GAAP diluted earnings per share of $0.63, both below expectations of $189.71 million and $0.64, respectively. Product revenue rose 15% from a year earlier to $88.0 million, while licensing billings were $70.8 million and cash from operations totaled $83.2 million.
For the second quarter, Rambus projected licensing billings of $76 million to $82 million, royalty revenue of $72 million to $78 million, product revenue of $95 million to $101 million, and contract and other revenue of $19 million to $25 million. Chief Executive Officer Luc Seraphin said growth in AI inference and agentic workloads in data centers continues to drive demand for higher memory bandwidth, efficient data movement and scalable connectivity.
From the sources (3 posts)
@alphasenseinc$RMBS Earnings: - Revenue: $180.2 million - Non-GAAP Diluted net income per share: $0.63 “Rambus opened 2026 with a solid first quarter, delivering financial results in line with guidance and generating strong cash from operations,” said
@wallstengineRAMBUS $RMBS Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $180.2M (Est. $189.71M) 🔴 🔹 Adj. EPS: $0.63 (Est. $0.64) 🔴 🔹 Product Revenue: $88.0M; +15% y/y 🔹 Licensing Billings: $70.8M 🔹 Cash From Operations: $83.2M Q2 Guide: 🔹 Licensing Billings: $
@thetranscript_Rambus CEO: "Rambus opened 2026 with a solid first quarter...The growth of AI inference and agentic workloads in the data center continues to drive demand for higher memory bandwidth, efficient data movement, and scalable connectivity" $RM