NASDAQ$RMBS

Rambus Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Rambus reported strong Q1 2021 results, achieving high end of revenue and profitability targets.

Rambus reported GAAP revenue of $70.4 million and licensing billings of $63.5 million for Q1 2021. The company's performance was at the high end of expectations, driven by ongoing share gains for memory interface chips and strong demand in Cloud and other target markets.

  • Delivered strong Q1 results at high end of revenue and profitability targets
  • Product revenue was $30.8 million, up 41% quarter over quarter, primarily from memory interface chips
  • Generated $39.5 million in cash provided by operating activities
  • Confident in the company’s ability to deliver ongoing profitable growth

Headline financials

Total Revenue

$70.4M

Previous: $64M+10.0%
EPS (adj)

$0.33

Previous: -$0.07+571.4%
Licensing billings

$63.5M

Previous: $67.1M-5.4%
Capital Expenditures

-$3.52M

Previous: -$1.95M-80.4%
Free Cash Flow

-$6.13M

Previous: -$9.93M+38.3%
Net Income

-$2.61M

Previous: -$7.98M+67.3%
Operating Income

-$3.48M

Previous: -$10.8M+67.9%
Gross Profit

$53M

Previous: $48.1M+10.2%
Cash & Equivalents

$110M

Previous: $175M-37.6%
Total Assets

$1.24B

Previous: $1.32B-6.3%
Stock-Based Comp

$6.5M

Previous: $6.07M+7.1%

Revenue & EPS history

Rambus · Revenue · Quarterly

$70.4M

Q1 2021+10%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Rambus · $70.4M total across 3 segments · Q1 2021

  • Product revenue
    $30.8M+0.2%
  • Royalties
    $28.9M+46.5%
  • Contract and other revenue
    $10.7M-20.8%

Forward guidance

The Company will discuss its full revenue guidance for the second quarter of 2021 during its upcoming conference call.The Company also expects royalty revenue to be between $32 million and $38 million, product revenue to be between $30 million and $36 million and contract and other revenue to be between $8 million and $14 million.

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 2021

Historical avgQ1 2021

-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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