Every material Form 8-K Rambus filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Rambus and Micron Technology signed Amendment No. 3 to their Semiconductor Patent License Agreement on December 9, 2024, extending the patent license for memory and semiconductor products to 2029. The company says the extension keeps the existing licensing terms, and other terms of the amendment are confidential, so the filing gives no financial figures on its effect on revenue.
Amendment executed December 9, 2024, amending the license dated December 9, 2013 and earlier amendments from September 2, 2020 and December 1, 2020
Patent license for memory and semiconductor products extended to 2029, a five-year extension according to the press release
Press release dated December 10, 2024 says existing licensing terms are maintained; other terms and details are confidential
Company intends to file the full agreement as an exhibit to a later periodic report, with certain confidential portions redacted
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.
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.
Rambus reported second-quarter 2024 results for the period ended June 30, 2024, with GAAP revenue of $132.1 million, up from $119.8 million a year earlier, and operating income of $40.3 million, up from $11.7 million. Net income fell to $36.1 million, or $0.33 per diluted share, from $168.9 million, or $1.51, a year earlier, when the company recorded an income tax benefit of $155.3 million. Shareholders get higher revenue and operating income, but reported earnings declined against a prior-year period that included that tax benefit, and the company said it expects a strong third quarter.
GAAP revenue was $132.1 million versus $119.8 million in Q2 2023; product revenue was $56.7 million and royalties were $56.4 million.
Net income was $36.1 million, or $0.33 per diluted share, versus $168.9 million, or $1.51, in Q2 2023, which included a $155.3 million income tax benefit.
Cash from operating activities was $70.4 million, versus $50.4 million a year earlier; cash and marketable securities totaled $432.9 million at June 30, 2024.
Third-quarter 2024 outlook calls for product revenue of $62 million to $68 million and licensing billings of $60 million to $66 million; full revenue guidance will be discussed on the conference call.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Rambus filing is on SEC EDGAR ↗. 8-K briefs of other companies →