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Get filing alertsRambus reports record Q2 revenue of $207.4M, up 20% YoY; guides Q3 to $210-216M
Filed July 27, 2026 · Period ending July 27, 2026 · ~1 min read
Key Changes
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high
Q2 2026 revenue hit $207.4M (up 20% YoY) with non-GAAP EPS of $0.77, both exceeding guidance; product revenue grew 22% YoY to $99.2M while royalties contributed $84.2M.
Exhibit 99.1 view on EDGAR → -
high
Q3 2026 revenue guided to $210-216M with non-GAAP EPS of $0.75-0.82, implying sequential growth at the midpoint and continued momentum.
Exhibit 99.1 view on EDGAR → -
medium
Operating cash flow of $61.2M in Q2 drove cash/marketable securities up $38.8M to $824.9M despite $12.2M capex and $14.3M in tax payments on equity awards.
Exhibit 99.1 view on EDGAR → -
medium
Expanded AI-focused product portfolio with DDR5 9600 chipsets for server/client memory modules and PCIe 7 Switch IP, targeting next-generation AI infrastructure demand.
Exhibit 99.1 view on EDGAR → -
medium
Recorded $3.3M in restructuring charges during Q2 (excluded from non-GAAP results), with no comparable charges in the prior-year quarter.
Exhibit 99.1 view on EDGAR →
Summary
Rambus delivered a strong Q2 2026, posting record revenue of $207.4 million—up 20% year-over-year—and non-GAAP EPS of $0.77, both above guidance. Product revenue climbed 22% YoY to $99.2 million, while royalties contributed $84.2 million.
The company generated $61.2 million in operating cash flow and ended the quarter with $824.9 million in cash and marketable securities, up $38.8 million sequentially after capex and tax payments. Management guided Q3 revenue to $210-216 million (midpoint up ~2% sequentially) with non-GAAP EPS of $0.75-0.82, signaling continued momentum.
Rambus also announced expanded AI-focused offerings, including DDR5 9600 chipsets for server and client memory modules and PCIe 7 Switch IP, positioning the company to capture demand from next-generation AI infrastructure buildouts. The quarter included $3.3 million in restructuring charges (excluded from non-GAAP results), with no comparable charges in the prior year. For holders, the beat-and-raise quarter and AI product expansion reinforce the growth trajectory, though the restructuring expense warrants monitoring for any operational shifts.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Total revenue for the second quarter was $207.4 million, product revenue was $99.2 million, royalties revenue was $84.2 million and contract and other revenue was $24.0 million. GAAP diluted earnings per share was $0.61 and non-GAAP diluted earnings per share was $0.77.
Rambus reported Q2 2026 total revenue of $207.4 million (up 20% year-over-year), comprising product revenue of $99.2 million (up 22% YoY), royalties of $84.2 million, and contract/other revenue of $24.0 million. GAAP diluted EPS was $0.61 and non-GAAP diluted EPS was $0.77, both exceeding guidance ranges.
Added in current filing · view on EDGAR →
For the third quarter of 2026, the Company expects revenue to be between $210 million and $216 million. The Company also expects product revenue to be between $110 million and $116 million, royalties revenue to be between $69 million and $75 million, and contract and other revenue to be between $25 million and $31 million. ... Additionally, the Company expects GAAP diluted earnings per share to be between $0.59 and $0.67 and non-GAAP diluted earnings per share to be between $0.75 and $0.82.
Rambus guided Q3 2026 total revenue to $210-216 million, with product revenue of $110-116 million, royalties of $69-75 million, and contract/other revenue of $25-31 million. GAAP diluted EPS is expected at $0.59-0.67 and non-GAAP diluted EPS at $0.75-0.82.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 28, 2026 · How we verify