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AI brief of an SEC Form 8-K · Rambus (RMBS)

Rambus Q3 revenue rises to $145.5 million; net income falls to $48.7 million

Mixed Impact 3 of 5 earnings Written later

Rambus reported third-quarter 2024 results on October 28, 2024. GAAP revenue was $145.5 million, up from $105.3 million a year earlier, but net income fell to $48.7 million from $103.2 million, when the prior-year period included a $90.8 million gain on divestiture. Diluted earnings per share were $0.45 versus $0.93, and the company will give full revenue guidance for the fourth quarter on its conference call.

Key points

  • Q3 2024 GAAP revenue was $145.5 million versus $105.3 million; product revenue was $66.4 million versus $52.2 million and royalties were $64.1 million versus $28.9 million.
  • Diluted earnings per share were $0.45 versus $0.93; the prior-year period included a $90.8 million gain on divestiture of the PHY IP business.
  • Cash from operations was $62.1 million; cash and marketable securities were $432.7 million at September 30, 2024, after $50 million paid for a share repurchase program.
  • Fourth quarter 2024 outlook: product revenue of $72 million to $78 million and licensing billings of $57 million to $63 million.

The filing

CompanyRambus (RMBS)
Form8-K, current report
Filed with the SECOct 28, 2024, 4:10 PM ET
Accession number0000917273-24-000104

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.