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HomeBusinessRambus Reports Worse Than Expected Q2 Results

Rambus Reports Worse Than Expected Q2 Results

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Rambus Inc. (NASDAQ:RMBS) reported its Q2 results, with EPS of $0.31 coming in worse than the Street estimate of $0.40. Revenue was $121.1 million, compared to the Street estimate of $137.2 million.
Despite the delays in DDR5-based server platforms, the company is seeing strong demand for its DDR4 buffer chips gated only by supply constraints, and management mentioned no signs of cancellations/pushouts in orders despite the uncertain macro.
The analyst at Deutsche Bank mentioned they were encouraged to see the company’s introduction of new companion chips and appreciate management’s strategy to strengthen the development of CXL chips through M&A.
In Silicon IP, the company reiterated a revenue run-rate of $120-130 million (vs. $100 million in 2021), which should continue to expand from incremental opportunities in areas such as automotive and government.

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