Slide 1: Rambus First Quarter 2025 Financial Results
Rambus First Quarter 2025 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 o
Slide 3: First Quarter 2025 Highlights
First Quarter 2025 Highlights ➢ Exceeded expectations for revenue and earnings ➢ Delivered record quarterly product revenue from Memory Interface Chips, up 52% year over year ➢ Sustained market leadership in core DDR5 RCDs ➢ Continued progress in new products, including PMICs and MRDIMM 12800 chipse
Slide 4: Financials: Profitable Growth
Financials Profitable Growth
Slide 5: Outstanding Cash Generation
Outstanding Cash Generation ASC 606 ASC 606 ASC 606 ASC 606 ASC 606 In Millions Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Continued execution with diverse revenue portfolio Revenue $117.9 $132.1 $145.5 $161.1 $166.7 Record quarterly chip performance Total Operating Costs and Strategic R&D investment t
Slide 6: Strong Balance Sheet Supports Strategic Initiatives
Strong Balance Sheet Supports Strategic Initiatives In Millions Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Total Cash & Driven by continued strong cash from $391.1 $432.9 $432.7 $481.8 $514.4 Marketable Securities operations Total Assets $1,208.8 $1,250.6 $1,251.6 $1,343.1 $1,379.4 Strong balance sheet
Slide 7: Q2 2025 Non-GAAP Outlook
Q2 2025 Non-GAAP Outlook Outlook (1) Product Revenue $77 – $83M Total Operating Costs (3) $94 – $90M (ASC 606) Licensing Billings (2) $64 – $70M Interest Income (Expense) $4M Contract & Other Revenue Fully Diluted Shares $17 – $23M 109M (ASC 606) Outstanding (1) The Q2 2025 outlook for Royalty reven
Slide 8: Rambus Investment Summary
Rambus Investment Summary ➢ Amplified opportunity in data center fueled by AI with expanding product portfolio and sustained technical leadership ➢ Pioneer of industry-leading chips and silicon IP enabling critical performance improvements for AI and other advanced workloads ➢ Continued innovation f
Slide 9: Thank you
Thank you
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Net Income in Millions (ASC 606) (ASC 606) (ASC 606) (ASC 606) (ASC 606) GAAP Net Income $33 $36 $49 $62 $60 Adjustments: Stock-based compensation $9 $12 $12 $12 $11 Amortization of acquired intangible assets $3 $3
Slide 11: Revenue and Licensing Billings
Revenue and Licensing Billings ASC 606 ASC 606 In Millions Q1'24 Q2'24 Q3'24 Q4'24 FY 2024 Q1’25 Product Revenue $50.4 $56.7 $66.4 $73.4 $246.8 $76.3 Royalty Revenue 47.5 56.4 64.1 58.2 226.2 74.0 Contract and Other Revenue 20.0 19.1 15.0 29.5 83.6 16.4 Total $117.9 $132.1 $145.5 $161.1 $556.6 $166.
Slide 12: GAAP to Non-GAAP Income Statement
GAAP to Non-GAAP Income Statement GAAP Non-GAAP Delta In $ Millions Actual Actual to Q1’25 Q1’25 GAAP Revenue $166.7 $166.7 $- Cost of revenue 32.8 31.0 (1.9) Research and development 42.6 38.1 (4.5) Sales, general and administrative 28.1 21.3 (6.7) Total operating cost and expenses 103.5 90.4 (13.1