Slide 1: Rambus Second Quarter 2025 Financial Results
Rambus Second 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 of
Slide 3: Second Quarter 2025 Highlights
Second Quarter 2025 Highlights ➢ Exceeded expectations for Q2 revenue and earnings ➢ Achieved record quarterly product revenue from Memory Interface Chips, up 43% year over year ➢ Generated record cash from operations ➢ Growing traction in new products, now offering chipsets for all industry-standar
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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Delivered record quarterly product Revenue $132.1 $145.5 $161.1 $166.7 $172.2 revenue, our fifth consecutive quarter of growth Total Operating Costs and Strategic R&D investment to
Slide 6: Strong Balance Sheet Supports Strategic Initiatives
Strong Balance Sheet Supports Strategic Initiatives In Millions Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Total Cash & $432.9 $432.7 $481.8 $514.4 $594.8 Driven by record cash from operations Marketable Securities Total Assets $1,250.6 $1,251.6 $1,343.1 $1,379.4 $1,467.8 Strong balance sheet and debt
Slide 7: Q3 2025 Non-GAAP Outlook
Q3 2025 Non-GAAP Outlook Outlook (1) Product Revenue $87 – $93M Total Operating Costs (3) $98 – $94M (ASC 606) Licensing Billings (2) $58 – $64M Interest Income (Expense) $5M Contract & Other Revenue Fully Diluted Shares $22 – $28M 108.5M (ASC 606) Outstanding (1) The Q3 2025 outlook for Royalty rev
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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Net Income in Millions (ASC 606) (ASC 606) (ASC 606) (ASC 606) (ASC 606) GAAP Net Income $36 $49 $62 $60 $58 Adjustments: Stock-based compensation $12 $12 $12 $11 $14 Amortization of acquired intangible assets $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 Q2’25 YTD 2025 Product Revenue $50.4 $56.7 $66.4 $73.4 $246.8 $76.3 $81.3 $157.6 Royalty Revenue 47.5 56.4 64.1 58.2 226.2 74.0 68.6 142.6 Contract and Other Revenue 20.0 19.1 15.0 29.5 83.6 16.4 22.3 38
Slide 12: GAAP to Non-GAAP Income Statement
GAAP to Non-GAAP Income Statement GAAP Non-GAAP Delta In $ Millions Actual Actual to Q2’25 Q2’25 GAAP Revenue $172.2 $172.2 $- Cost of revenue 34.8 32.8 (1.9) Research and development 46.3 40.9 (5.4) Sales, general and administrative 28.1 19.5 (8.7) Total operating cost and expenses 109.2 93.2 (16.0