Overview
Rambus Inc. (NASDAQ:RMBS) announced its second‑quarter 2026 financial results, delivering revenue of $207.4 million, which represents a 20 % increase year‑over‑year from $172.2 million in Q2 2025 and exceeds the consensus estimate of $199.3 million.
Earnings
Adjusted earnings per share (EPS) were $0.77, surpassing the analyst consensus of $0.72. GAAP diluted EPS was $0.61. The after‑hours market reaction saw the shares rise 1.3 % on Monday.
Revenue Breakdown
- Product revenue reached a record $99.2 million, up 22 % YoY from $81.3 million in the comparable quarter last year.
- Royalties revenue amounted to $84.2 million.
- Contract and other revenue totaled $24.0 million.
Cash Position
Operating cash flow for the quarter was $61.2 million. Cash, cash equivalents and marketable securities stood at $824.9 million as of 30 June 2026, an increase of $38.8 million from the prior quarter.
Outlook
For the third quarter of 2026, Rambus provided guidance of adjusted EPS between $0.75 and $0.82, with a midpoint of $0.785, aligning closely with the consensus estimate of $0.78. Revenue is projected between $210 million and $216 million, midpoint $213 million, matching analyst expectations. The company also forecast product revenue of $110 million to $116 million, royalties revenue of $69 million to $75 million, and contract and other revenue of $25 million to $31 million.
Management Commentary
President and Chief Executive Officer Luc Seraphin said the quarter was “outstanding,” highlighting the all‑time high in revenue and non‑GAAP earnings driven by record product revenue growth of more than 20 % YoY, and reaffirmed execution of the roadmap for high‑performance chip and IP solutions for data‑center and AI infrastructure.