Rambus reports Q2 GAAP EPS $1.51 vs $1.55 last year

Reports Q2 revenue $119.8M, consensus $133.2M. “Rambus delivered a strong second quarter with solid results and execution from the team as we continue to successfully navigate through challenging market conditions,” said Luc Seraphin, chief executive officer of Rambus. “By delivering the critical chips and IP that address the growing demand in data center fueled by AI, we are well positioned to drive the company’s long-term profitable growth.”