Rambus Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 04:09 pm EDT
Share
Rambus Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 105.3 million compared to USD 112.24 million a year ago. Net income was USD 103.2 million compared to USD 0.939 million a year ago. Basic earnings per share from continuing operations was USD 0.95 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 0.01 a year ago.
For the nine months, revenue was USD 338.89 million compared to USD 332.43 million a year ago. Net income was USD 275.36 million compared to net loss of USD 30.26 million a year ago. Basic earnings per share from continuing operations was USD 2.54 compared to basic loss per share from continuing operations of USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 2.48 compared to diluted loss per share from continuing operations of USD 0.27 a year ago.
Rambus Inc. is a provider of chips, silicon intellectual property (IP) and innovations that address the fundamental challenges of accelerating data and enabling critical performance improvements for data center and other growing markets. It offers a balanced and diverse portfolio of solutions across chips, silicon IP and patent licensing. Its Rambus Double Data Rate (DDR) memory interface chips for server memory modules enable increased bandwidth and expanded capacity in enterprise and cloud servers. Its portfolio includes DDR5 and DDR4 memory interface chipsets. Its DDR5 chipset solution includes the Registering Clock Driver (RCD), Serial Presence Detect Hubs (SPD Hub) and Temperature Sensors (TS). Rambus Silicon IP includes interface and security IP solutions that move and protect data in advanced data center, government and automotive applications. It sells memory interface chips directly and indirectly to memory module manufacturers and original equipment manufacturers (OEMs).
RAMBUS INC. 
