Slide 1: Rambus Second Quarter 2026 Financial Results
Rambus Second 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: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights ➢ Achieved record quarterly revenue and non-GAAP earnings, exceeding guidance ➢ Generated solid cash from operations of $61 million ➢ Delivered record product revenue, up 13% sequentially and 22% YoY, fueled by data center and AI demand ➢ Expanded product and IP offeri
Slide 4: Q2 2026 Non-GAAP Income Summary
Q2 2026 Non-GAAP Income Summary In Millions, except EPS Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue $172.2 $178.5 $190.2 $180.2 $207.4 Achieved record quarterly revenue Total Operating Costs and Continued investment to support core $93.2 $99.3 $103.2 $104.6 $113.7 Expenses (1) growth initiatives
Slide 5: Q2 2026 Balance Sheet Summary
Q2 2026 Balance Sheet Summary In Millions Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Total Cash & $594.8 $673.3 $761.8 $786.1 $824.9 Driven by consistent cash from operations Marketable Securities Total Assets $1,467.8 $1,406.4 $1,529.5 $1,533.1 $1,612.3 Strong balance sheet and debt free Stockholders’
Slide 6: Q3 2026 GAAP and Non-GAAP Outlook
Q3 2026 GAAP and Non-GAAP Outlook GAAP (1) Non - GAAP (2) Revenue $210 - $216M $210 - $216M Product Revenue $110 – $116M $110 – $116M Royalties Revenue $69 – $75M $69 – $75M Contract & Other Revenue $25 – $31M $25 – $31M Total Operating Costs and Expenses $137 – $133M $119 – $115M (3) Diluted Earnin
Slide 7: 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 8: Thank you
Thank you
Slide 9: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures Operating Income in Millions, except EPS Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 GAAP Operating Income $63 $63 $71 $62 $73 Adjustments: Stock-based compensation 14 14 14 11 16 Amortization of acquired intangible assets 2 2 2 2 2 Restructuring and
Slide 10: Reconciliation of GAAP to Non-GAAP Income Statement
Reconciliation of GAAP to Non-GAAP Income Statement GAAP Non-GAAP Delta In Millions, except EPS Actual Actual to Q2 2026 Q2 2026 GAAP Revenue $207.4 $207.4 $- Cost of revenue 42.0 40.2 (1.8) Research and development 51.1 45.0 (6.1) Sales, general and administrative 38.3 28.5 (9.7) Restructuring char
Slide 11: Revenue and Licensing Billings
Revenue and Licensing Billings ASC 606 ASC 606 In Millions Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 YTD 2026 Product Revenue $76.3 $81.3 $93.3 $96.8 $347.8 $88.0 $99.2 $187.2 Royalties Revenue 74.0 68.6 65.1 71.7 279.4 69.6 84.2 153.9 Contract and Other Revenue 16.4 22.3 20.1 21.8 80.