NASDAQ$RMBS

Rambus Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Rambus had an exceptional quarter, exceeding expectations for revenue and profit.

Rambus reported strong Q1 2020 financial results with record revenue from both silicon IP and chip businesses. GAAP revenue was $64.0 million, and the company generated $37.3 million in cash from operating activities.

  • GAAP revenue of $64.0 million, exceeding expectations.
  • Licensing billings of $67.1 million.
  • Generated $37.3 million in cash from operating activities.
  • Record revenue from both the silicon IP and chip businesses, bolstered by strong demand in data center and infrastructure.

Headline financials

Total Revenue

$64M

Previous: $48.4M+32.3%
EPS (adj)

-$0.07

Previous: -$0.08+12.5%
Licensing billings

$67.1M

Previous: $75.4M-11.0%
Capital Expenditures

-$1.95M

Previous: -$664K-193.7%
Free Cash Flow

-$9.93M

Previous: -$27.2M+63.5%
Net Income

-$7.98M

Previous: -$26.6M+70.0%
Operating Income

-$10.8M

Previous: -$31.4M+65.5%
Gross Profit

$48.1M

Previous: $41.6M+15.6%
Cash & Equivalents

$175M

Previous: $143M+22.7%
Total Assets

$1.32B

Previous: $1.32B-0.1%
Stock-Based Comp

$6.07M

Previous: $7.19M-15.5%

Revenue & EPS history

Rambus · Revenue · Quarterly

$64M

Q1 2020+32.3%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Rambus · $64M total across 3 segments · Q1 2020

  • Product revenue
    $30.7M+242.8%
  • Royalties
    $19.7M-20.8%
  • Contract and other revenue
    $13.6M-6.9%

Forward guidance

The Company will discuss its full revenue guidance for the second quarter of 2020 during its upcoming conference call.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+3.5%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+17.4%

Q1 2020

Best reaction

-27.4%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-24.4%-20.8%+4.7%
Q4 2025-13.4%-5.8%-19.2%
Q3 2025-8.7%-9.5%-16.5%
Q2 2025-2.3%-8.3%+13.2%
Q1 2025-5.6%-1.8%+4.6%
Q4 2024+6.8%+11.0%-12.9%
Q3 2024+17.2%+10.2%+31.3%
Q2 2024-17.7%-28.6%-25.5%
Q1 2024-7.4%-5.3%-7.1%
Q4 2023-19.7%-14.7%-7.5%
Q3 2023+5.3%+12.5%+33.8%
Q2 2023-12.3%-14.1%-9.8%
Q1 2023+9.4%+9.0%+44.2%
Q4 2022-2.6%+3.9%+0.0%
Q3 2022+9.3%+17.5%+27.8%
Q2 2022+3.8%+6.3%+2.0%
Q1 2022+5.4%+3.5%+1.5%
Q4 2021+6.1%+6.4%+15.7%
Q3 2021+4.2%+3.1%+17.1%
Q2 2021+3.5%+5.3%+1.9%
Q1 2021+0.9%+2.0%+2.7%
Q4 2020+2.5%+2.9%+10.1%
Q3 2020+3.7%+8.9%+19.1%
Q2 2020+1.6%+0.8%-2.7%
Q1 2020+17.4%+23.3%+26.5%
Q4 2019+0.5%+6.2%-3.3%
Q3 2019+2.3%-0.2%-8.6%
Q2 2019-0.9%-5.3%-12.8%
Q1 2019-4.3%-3.3%-6.7%
Q4 2018-4.6%+5.4%+14.8%
Q3 2018-5.3%+8.1%+1.1%
Q2 2018-7.7%-6.4%-9.9%
Q1 2018-6.4%-7.3%-2.5%
Q4 2017-8.2%-10.3%-10.4%
Q3 2017+5.2%+2.7%+12.5%
Q2 2017+4.6%+2.9%+0.4%
Q1 2017-3.0%-3.2%-6.0%
Q4 2016-6.6%-8.6%-6.8%
Q3 2016+7.7%+3.5%+17.1%
Q2 2016+3.9%+6.4%+5.8%
Q1 2016-8.3%
Q4 2015+4.8%
Q3 2015-27.4%
Q2 2015-1.1%
Q1 2015+9.8%
Q4 2014+7.1%
Q3 2014-8.9%
Q2 2014-1.6%
Q1 2014+0.6%
Q4 2013-0.4%
Q3 2013-0.6%
Q2 2013+2.2%
Q1 2013-11.1%
Q4 2012+5.0%
Q3 2012+2.1%
Q2 2012+1.4%
Q1 2012+3.8%
Q4 2011-2.6%
Q3 2011-3.9%
Q2 2011-15.0%
Q1 2010-3.9%
Q1 2011+0.2%
Q4 2010+1.3%
Q4 2008+1.3%
Q3 2009+0.1%
Q3 2010+0.1%
Q2 2009+0.2%
Q2 2010+0.2%
Q4 2009+0.2%

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