NASDAQ$RMBS
Rambus Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Rambus delivered Q3 revenue and profitability in line with guidance and generated $46.0 million in cash provided by operating activities.
Rambus reported a strong third quarter with revenue and profitability in line with expectations. They delivered record product revenue of $36.7 million, mainly from memory interface chips, and closed the acquisitions of AnalogX and PLDA.
- Delivered Q3 revenue and profitability in line with guidance
- Generated $46.0 million in cash provided by operating activities
- Delivered record product revenue of $36.7 million, consisting mainly of memory interface chips
- Closed the acquisitions of AnalogX and PLDA, bolstering Silicon IP business and CXL Memory Interconnect Initiative
Headline financials
Revenue & EPS history
Rambus · Revenue · Quarterly
$81.3M
Revenue by segment
Rambus · $81.3M total across 3 segments · Q3 2021
- Product revenue$36.7M+23.3%45.1%
- Royalties$33.1M+99.4%40.7%
- Contract and other revenue$11.5M+9.1%14.1%
Forward guidance
The Company will discuss its full revenue guidance for the fourth quarter of 2021 during its upcoming conference call.
Tailwinds
- Licensing billings to be between $62 million and $68 million.
- Royalty revenue to be between $26 million and $32 million.
- Product revenue to be between $40 million and $46 million
- Contract and other revenue to be between $12 million and $18 million.
- Non-GAAP interest and other income (expense), net, of ($1 million), tax rate of 24% and diluted share count of 115 million
Headwinds
- Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales, solutions licensing among other matters.
- Operating costs and expenses to be between $80 million and $76 million.
- Non-GAAP operating costs and expenses to be between $68 million and $64 million.
- Expectations also assume non-GAAP interest and other income (expense), net, of ($1 million), tax rate of 24% and diluted share count of 115 million
- Excludes stock-based compensation expense ($8 million), amortization expense ($4 million), non-cash interest expense on convertible notes ($2 million) and interest income related to the significant financing component from fixed-fee patent and technology licensing arrangements ($2 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 Q3 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
| Quarter | Report date | Reaction (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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