NASDAQ$RMBS

Rambus Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Rambus had an excellent fourth quarter, exceeding expectations with record Q4 revenue from memory interface chips and silicon IP.

Rambus reported strong Q4 2019 financial results, with revenue towards the high end of guidance at $59.9 million and licensing billings of $63.8 million. The company generated $35.4 million in cash from operating activities during the quarter and expanded its product portfolio with the acquisition of Secure Silicon IP and Protocols business from Verimatrix.

  • Rambus exceeded expectations in Q4 2019, with GAAP revenue of $59.9 million.
  • Licensing billings were $63.8 million, product revenue was $26.6 million, and contract and other revenue was $13.9 million.
  • The company achieved record Q4 and full-year revenue for both the Memory Interface Chips and Silicon IP businesses.
  • Cash provided by operating activities was $35.4 million in Q4 and $128.5 million for the full year 2019, up 48% year over year.

Headline financials

Total Revenue

$59.9M

Previous: $102M-41.2%
EPS (adj)

$0.01

Previous: $0.28-96.4%
Licensing billings

$63.8M

No prior period
Capital Expenditures

$2.31M

Previous: $2.91M-20.7%
Free Cash Flow

$33.1M

Previous: $32.1M+3.0%
Net Income

-$9.53M

Previous: -$2.02M-372.3%
Operating Income

-$13.2M

Previous: $3.04M-534.3%
Gross Profit

$45.4M

Previous: $58M-21.7%
Cash & Equivalents

$102M

Previous: $116M-11.9%
Total Assets

$1.34B

Previous: $1.36B-1.3%
Stock-Based Comp

$4.82M

Previous: $6.15M-21.6%

Revenue & EPS history

Rambus · Revenue · Quarterly

$59.9M

Q4 2019-41.2%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Rambus · $59.9M total across 3 segments · Q4 2019

  • Product revenue
    $26.6M
  • Royalties
    $19.4M
  • Contract and other revenue
    $13.9M

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 Q4 2019

Historical avgQ4 2019

-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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