Rambus, Inc. · NASDAQ:RMBS
Rambus — Q1 2026 Earnings Presentation
12 slides from Rambus's earnings presentation, Apr 27, 2026
Slide 1: Rambus First Quarter 2026 Financial Results
Rambus First Quarter 2026 Financial Results
Slide 2: Safe Harbor for Forward-Looking Statements; Other Disclosures
Safe Harbor for Forward-Looking Statements; Other Disclosures This presentation contains forward-looking statements, including those relating to the Company’s expectations regarding business opportunities, the Company’s ability to deliver long-term profitable growth, industry growth rates, timing of
Slide 3: First Quarter 2026 Highlights
First Quarter 2026 Highlights ➢ Achieved strong Q1 results fueled by data center and AI demand ➢ Delivered quarterly product revenue of $88.0 million, up 15% year over year, reflecting strong execution across DDR5 chip solutions ➢ Generated strong quarterly cash from operations of $83.2 million, sup
Slide 4: Financials
Financials Profitable Growth
Slide 5: Outstanding Cash Generation
Outstanding Cash Generation ASC 606 ASC 606 ASC 606 ASC 606 ASC 606 In Millions Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Continued execution with diverse Revenue $166.7 $172.2 $178.5 $190.2 $180.2 revenue portfolio Total Operating Costs and Strategic R&D investment to support core $90.4 $93.2 $99.3 $
Slide 6: Strong Balance Sheet Supports Strategic Initiatives
Strong Balance Sheet Supports Strategic Initiatives In Millions Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Total Cash & Driven by continued strong cash from $514.4 $594.8 $673.3 $761.8 $786.1 Marketable Securities operations Total Assets $1,379.4 $1,467.8 $1,406.4 $1,529.5 $1,533.1 Strong balance sheet
Slide 7: Q2 2026 Non-GAAP Outlook
Q2 2026 Non-GAAP Outlook Outlook (1) Product Revenue $95 – $101M Total Operating Costs (3) $114 – $110M (ASC 606) Licensing Billings (2) $76 – $82M Interest Income (Expense) $7M Contract & Other Revenue Fully Diluted Shares $19 – $25M 110M (ASC 606) Outstanding (1) The Q2 2026 outlook for Royalty re
Slide 8: Rambus Investment Summary
Rambus Investment Summary ➢ AI-driven data center growth expands long-term market opportunity ➢ Broad portfolio of high-performance chips and silicon IP enables critical performance improvements for AI and advanced workloads ➢ Innovation feeds sustained product leadership and strong patent portfolio
Slide 9: Thank you
Thank you
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Operating Income in Millions (ASC 606) (ASC 606) (ASC 606) (ASC 606) (ASC 606) GAAP Operating Income $63 $63 $63 $71 $62 Adjustments: Stock-based compensation $11 $14 $14 $14 $11 Amortization of acquired intangible
Slide 11: Revenue and Licensing Billings
Revenue and Licensing Billings ASC 606 ASC 606 In Millions Q1’25 Q2’25 Q3’25 Q4’25 FY 2025 Q1’26 Product Revenue $76.3 $81.3 $93.3 $96.8 $347.8 $88.0 Royalty Revenue 74.0 68.6 65.1 71.7 279.4 69.6 Contract and Other Revenue 16.4 22.3 20.1 21.8 80.5 22.6 Total $166.7 $172.2 $178.5 $190.2 $707.6 $180.
Slide 12: GAAP to Non-GAAP Income Statement
GAAP to Non-GAAP Income Statement GAAP Non-GAAP Delta In Millions Actual Actual to Q1’26 Q1’26 GAAP Revenue $180.2 $180.2 $- Cost of revenue 36.5 34.7 (1.8) Research and development 50.2 45.0 (5.3) Sales, general and administrative 31.7 24.9 (6.8) Total operating cost and expenses 118.4 104.6 (13.9)