RMBS
Rambus Inc.
Price as of Jul 20, 2026
RMBS earnings
Rambus Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | $0.61 | $0.63 | +3.3% | $180M | +0.1% |
| Feb 2, 2026 | $0.68 | $0.68 | +0.0% | $190M | +1.1% |
| Feb 3, 2025 | $0.58 | $0.59 | +1.7% | $161M | +0.3% |
| May 1, 2023 | $0.42 | $0.44 | +4.8% | $114M | -7.0% |
| Feb 6, 2023 | $0.45 | $0.47 | +4.4% | $122M | -19.5% |
| May 2, 2022 | $0.37 | $0.39 | +5.4% | $99M | -22.6% |
| Feb 7, 2022 | $0.37 | $0.39 | +5.4% | $92M | -25.4% |
| Nov 1, 2021 | $0.33 | $0.34 | +3.0% | $81M | -28.1% |
| May 3, 2021 | $0.28 | $0.30 | +7.1% | $70M | -31.6% |
| Feb 1, 2021 | $0.25 | $0.28 | +12.0% | $62M | -36.1% |
| Nov 2, 2020 | $0.27 | $-0.05 | -118.5% | $57M | +11.1% |
| May 4, 2020 | $0.23 | $-0.02 | -108.7% | $64M | +39.1% |
Earnings call summary
Q1 FY2026 · April 27, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Luke started with an overview of the business, noting a strong first quarter with meeting financial targets and expanding AI-related portfolios. John discussed financial results: Q1 revenue was $180.2 million, in line with expectations; product revenue was $88 million, up 15% y-o-y; royalty revenue was $69.6 million; licensing billings were $70.8 million. Luke also mentioned chip business execution on DDR5 R3D chips, expansion of LPDDR5 EXO-CAM2 module chipset; silicon IP business had strong customer traction in Q1 with design wins and new IP offerings like HBM4E controller and network security engine.
Guidance
Expects Q2 revenue between $192 - $198 million; product revenue between $95 - $101 million, a 11% sequential increase at midpoint; royalty revenue $72 - $78 million; licensing billings $76 - $82 million; Q2 non-GAAP total operating costs $110 - $114 million; capital expenditures approx. $14 million; non-GAAP operating results between $78 - $88 million profit; interest and other income $7 million; non-GAAP tax expenses $13.6 - $15.2 million; diluted share count 110 million; non-GAAP EPS $0.65 - $0.73.
Segment performance
Chip business: Product revenue was $88 million in Q1, up 15% year-over-year, accounting for approximately 48.8% of total revenue ($180.2 million). Silicon IP: Contract and other revenue was $22.6 million, representing around 12.5% of total revenue.
Risks & headwinds
Forward-looking statements subject to risks and uncertainties, including those that may cause actual results to differ materially; risks related to supply chain constraints, market trend changes, technology evolution affecting business performance.
Analyst Q&A
Q: Kevin Gerrigan asked about product revenue in Q2 and recovery.
A: Luke said supply chain issue is behind, Q2 product revenue guided at 11% over Q1, demand strong.
Q: Tristan Guerra inquired about component shortages impact and MRDM opportunity.
A: Luke mentioned supply tension on back end, MRDM ramp starting in 2027 driven by platform launches.
Q: Erin Rakers asked about MRDM attach rate and CXL.
A: Luke said modeled conservative attach rate for MRDM, focused on IP business.
Q: Gary Mobley asked about license billing and contract revenue growth.
A: Luke explained strong traction in silicon IP business, stable patent licensing business.
Q: Kevin Cassidy asked about inventory building.
A: Luke said monitoring supply tightening and new product ramps.
Q: Mehdi Hosseini asked about LPDDR SOCAM2 chipset content and DDR5 Gen4/5 ramp.
A: Luke explained chipset content and Gen5 product launch timing.
Q: Mark Lapasis asked about DIMM attach rate and back end tightness cause.
A: Luke answered on attach rate difficulty to model and back end tightness from increased demand and supply chain relocation.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-27.