Rambus posts record Q3 revenue of $218.3 million and guides higher

Rambus posted record quarterly revenue on Monday and forecast an even bigger fourth quarter, as demand for its memory interface chips in AI and data center systems kept growing.

Third-quarter revenue rose 22% from a year earlier to $218.3 million, above the company's guidance range of $210 million to $216 million, according to its earnings release filed with the SEC.

GAAP diluted EPS was $0.69, up from $0.44. Non-GAAP diluted EPS rose to $0.84 from $0.62.

"Through ongoing execution on our roadmap and accelerating demand for our differentiated solutions, we expect an even stronger performance in Q4," President and CEO Luc Seraphin said in the release.

Product sales led

Product revenue reached a record $114.3 million, up 22% from a year earlier and 15% from the second quarter. Royalties revenue was $77.0 million, and contract and other revenue was $27.0 million.

Operating cash flow was a record $102.5 million. GAAP operating margin widened to 38% from 35%, and non-GAAP operating margin rose to 47% from 44%.

During the quarter the company also added to its lineup for next-generation AI systems. New offerings include a power management chip for LPDDR6 SOCAMM2 memory modules and data center-class security IP.

Fourth-quarter outlook

For the fourth quarter, Rambus expects:

• Revenue of $227 million to $233 million
• Product revenue of $127 million to $133 million
• GAAP diluted EPS of $0.68 to $0.76
• Non-GAAP diluted EPS of $0.84 to $0.92

By the numbers

• Q3 revenue: $218.3 million, up 22%, a record
• Q3 product revenue: $114.3 million, a record
• Q3 non-GAAP EPS: $0.84, versus $0.62
• Q3 operating cash flow: $102.5 million
• Q4 revenue guidance: $227 million to $233 million

Sources

1. Rambus Inc., Form 8-K with third quarter 2026 earnings release, filed Oct. 26, 2026 (accession 0001193125-26-431918)

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.