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EarningsQ2 2026 Earnings Report
RMBS Q2 2026 EPS Results
Actual EPS$0.77
Consensus EPS$0.72
Beat/MissBeat by +$0.05
One Year Ago EPS$0.59
RMBS Q2 2026 Revenue Results
Actual Revenue$207.38M
Expected Revenue$199.30M
Beat/MissBeat by +$8.09M
YoY Revenue Growth+20.43%
Earnings Announcement Details
QuarterQ2 2026
Date07/27/2026
TimeAfter Close
Conference CallMonday, July 27, 2026
RMBS Upcoming Earnings
Rambus's next earnings date is estimated for October 26, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
RMBS Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive: the company delivered record revenue and non-GAAP EPS, beat guidance, showed broad product and IP momentum (new chipsets, PCIe 7.0 IP, hyperscaler design win), and maintained a healthy cash balance and free cash flow. Key risks were highlighted but are manageable in the near term — primarily supply-chain tightness, short-term margin and expense variability, timing uncertainty for MRDIMM adoption, and a potential sequential dip in royalties. On balance, the positive operational and financial results and strategic wins outweigh the medium-term execution and supply risks.Company Guidance
Record Revenue and Earnings
Q2 revenue of $207.4M (first time > $200M), up 20% year-over-year and up 15% sequentially; non-GAAP net income $84.4M and non-GAAP EPS $0.77, up 24% year-over-year and up 21% sequentially.
Product Revenue Momentum
Product revenue reached a record $99.2M, up 22% year-over-year and up 13% sequentially; company expects continued double-digit product growth in Q3 with product revenue guidance of $110M–$116M (midpoint implying ~14% sequential increase from Q2).
Strong Cash Generation and Balance Sheet
Cash, cash equivalents and marketable securities totaled $825M (up $39M QoQ); operating cash flow $61M; free cash flow $49M; Q2 capex $12M (demonstrating solid cash generation and runway for investments).
Expanded Product Roadmap and Strategic Design Wins
Expanded DDR5 roadmap (DDR5-9600 client and server chipsets; 6th-generation RCD and PMIC5030), new MRDIMM and LPDDR5X SOCAMM2 offerings, PCIe 7.0 switch IP (128 GT/s), and a design win with a Tier-1 U.S. hyperscaler for next-generation HBM IP — all supporting higher chip content and IP licensing potential.
Diversified Revenue Streams and Beat Guidance
Revenue mix includes royalties $84.2M and contract & other $24M; company beat the high end of its Q2 guidance and issued Q3 guidance of $210M–$216M revenue and non-GAAP EPS $0.75–$0.82, reflecting continued sequential growth.
Silicon IP Growth Outlook
Management reiterated confidence in silicon IP growth, targeting ~10%–15% annual growth driven by hyperscaler and custom SoC demand and early architectural engagements (licenses can generate near-term revenue ahead of product ramps).
RMBS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed