NASDAQ$RMBS

Rambus Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Rambus exceeded guidance for revenue and profitability, achieving excellent Q4 results.

Rambus reported strong Q4 2021 financial results, exceeding revenue and profitability guidance. The company's annual product revenue increased by 26% year-over-year, driven by memory interface chips. Rambus generated $72.2 million in cash from operations during the quarter, contributing to a record $209.2 million for the full year.

  • Achieved excellent Q4 results, exceeding guidance for revenue and profitability.
  • Produced record annual product revenue of $143.9 million driven by memory interface chips, up 26% year over year.
  • Generated record cash from operations of $209.2 million for full year 2021, with $72.2 million generated in Q4.
  • GAAP revenue for the fourth quarter was $91.8 million.

Headline financials

Total Revenue

$91.8M

Previous: $61.9M+48.2%
EPS (adj)

$0.40

Previous: $0.28+42.9%
Licensing billings

$66.6M

Previous: $64.2M+3.7%
Capital Expenditures

$6.27M

Previous: $8.93M-29.8%
Free Cash Flow

$65.9M

Previous: $33.1M+98.9%
Net Income

$6.11M

Previous: -$12.1M+150.6%
Operating Income

$8.97M

Previous: -$11M+181.5%
Gross Profit

$74M

Previous: $48.5M+52.8%
Cash & Equivalents

$108M

Previous: $136M-20.8%
Total Assets

$1.23B

Previous: $1.24B-0.9%
Stock-Based Comp

$6.21M

Previous: $6.17M+0.6%

Revenue & EPS history

Rambus · Revenue · Quarterly

$91.8M

Q4 2021+48.2%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Rambus · $91.8M total across 3 segments · Q4 2021

  • Product revenue
    $45.3M+107.9%
  • Royalties
    $32.9M+18.6%
  • Contract and other revenue
    $13.6M+9.7%

Forward guidance

The Company will discuss its full revenue guidance for the first quarter of 2022 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 Q4 2021

Historical avgQ4 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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