RMBS Q2 2025 Earnings
Reported Jul 28, 2025 at 4:08 PM ET · SEC Source
Q2 25 EPS
$0.53
BEAT +6.00%
Est. $0.50
Q2 25 Revenue
$172.2M
BEAT +3.14%
Est. $167.0M
vs S&P Since Q2 25
+71.0%
BEATING MARKET
RMBS +86.5% vs S&P +15.5%
Market Reaction
Did RMBS Beat Earnings? Q2 2025 Results
Rambus posted a convincing beat across the board in Q2 2025, with earnings of $0.53 per diluted share topping the $0.50 consensus estimate by 6.00% and revenue of $172.21 million clearing Wall Street's $166.97 million forecast by 3.14%, representing … Read more Rambus posted a convincing beat across the board in Q2 2025, with earnings of $0.53 per diluted share topping the $0.50 consensus estimate by 6.00% and revenue of $172.21 million clearing Wall Street's $166.97 million forecast by 3.14%, representing 30.3% growth from the year-ago period. The primary driver was a surging chip business, where product revenue climbed 43% year over year to a quarterly record of $81.33 million, reflecting strong demand for DDR5 memory interface chips and growing adoption tied to high-performance computing and AI infrastructure buildout. Royalty revenue added $68.61 million, up from $56.38 million a year ago, rounding out a broad-based top-line performance. GAAP net income expanded to $57.94 million from $36.06 million in Q2 2024, with operating margin widening to 37% from 31%. Operating cash flow also reached a quarterly record of $94.40 million. Looking ahead, Rambus guided Q3 product revenue of $87 million to $93 million at the midpoint, signaling continued momentum in its chip segment as AI-driven memory demand persists.
Key Takeaways
- • Record product revenue of $81.3 million, up 43% year over year, driven by DDR5 memory interface chip leadership
- • Record quarterly cash from operations of $94.4 million
- • Accelerating demand for high-performance computing and AI infrastructure
- • Strong licensing billings of $66.4 million, up from $61.5 million year over year
- • Operating margin expanded to 37% from 31% year over year
RMBS YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
RMBS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Rambus delivered a very strong Q2, with record product revenue and record cash generation reflecting the strength of our business model and execution.”
— Luc Seraphin, Q2 2025 Earnings Press Release
RMBS Earnings Trends
RMBS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RMBS EPS Trend
Earnings per share: estimate vs actual
RMBS Revenue Trend
Quarterly revenue: estimate vs actual
RMBS Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.64 | $0.63 | -0.99% | $180.2M | +0.14% |
| Q4 25 BEAT FY | $0.55 | $0.68 | +24.77% | $190.2M | +1.16% |
| FY Full Year | — | $2.11 | — | $707.6M | — |
| Q3 25 MISS | $0.51 | $0.44 | -13.73% | $178.5M | +1.62% |
| Q2 25 BEAT | $0.50 | $0.53 | +6.00% | $172.2M | +3.14% |