Strong Q3 Financial Performance
Rambus delivered a very strong third quarter with revenue of $178.5 million, exceeding expectations, driven by a 15% sequential increase and 41% year-over-year growth in product revenue.
Record Product Revenue
Product revenue reached $93 million, marking the sixth consecutive quarter of growth, fueled by DDR5 RCD leadership and new product contributions.
Excellent Cash Generation
Generated $88 million in cash from operations, further strengthening the balance sheet with total cash and equivalents of $673.3 million.
Promising MRDIMM Outlook
MRDIMM development is progressing, with expectations to reach similar market share as DDR5 by 2028, given the rollout of platforms by AMD and Intel.
Silicon IP Growth Driven by AI
AI continues to drive design win momentum for high-speed memory interconnect and security IP, with strong demand for HBM4, GDDR7, and PCIe 7.0 solutions.