Rambus Inc Del Stock Price, News & Analysis

Rambus Inc. (NASDAQ:RMBS) reported third-quarter 2020 GAAP revenue of $56.9 million and licensing billings of $63.1 million, with product revenue at $29.8 million. The company generated $44.1 million in cash from operating activities, marking a solid performance amid a growing demand in the cloud and data center markets.

Rambus experienced a 39% year-over-year increase in memory interface chip revenue. Future outlook remains strong with guidance for $61-$67 million in licensing billings for Q4 2020.

Rambus Inc. (NASDAQ: RMBS) has announced a new stock repurchase program allowing the purchase of up to 20 million shares. This initiative replaces the prior program and cancels the 3.6 million shares outstanding from that authorization. The company, known for strong cash generation, aims to enhance shareholder value through this buyback strategy, emphasizing its commitment to a robust balance sheet. The repurchases can occur via various methods, with no expiration date set for the plan.

Rambus Inc. (NASDAQ: RMBS) has launched a high-performance IPsec Packet Engine designed for 5G networks, capable of securing traffic at data rates from 1 to 10 Gbps. This solution, which integrates DPDK and a key negotiation toolkit, is tailored for various 5G devices including base stations and gateways. The technology is engineered to streamline cryptographic processing, enhancing network performance. The new IPsec Packet Engine is available for licensing and integration into SoC designs.

Rambus Inc. (Nasdaq: RMBS) will hold a conference call on November 2, 2020, at 2:00 p.m. Pacific Time to discuss its third quarter fiscal year 2020 results. The conference call will be available via webcast on the company's investor relations website, with a replay option for one week after the event. Rambus is recognized for its innovative silicon IP and chip solutions that enhance data performance and security across various applications, including data centers, AI, and automotive industries.

Rambus Inc. (NASDAQ: RMBS) announced achieving a record performance of 4 Gbps with its HBM2E memory interface solution, in collaboration with SK hynix and Alchip. This technology provides a bandwidth of 460 GB/s from a single HBM2E device, addressing the demands of AI/ML training and high-performance computing (HPC). The fully-integrated solution is production-ready, using advanced TSMC technologies. This achievement enhances system design efficiency and positions Rambus favorably in the competitive landscape for high-speed memory solutions.

Rambus Inc. (NASDAQ: RMBS) has announced the extension of its patent license agreement with Micron for an additional four years, maintaining the current financial terms and extending the license until December 1, 2024. This agreement reflects a strengthening of their partnership, as noted by Kit Rodgers, senior vice president of technology partnerships and corporate development at Rambus. The ongoing collaboration aims to advance technology in data processing and security, further benefiting both companies.

Rambus Inc. will present at the TSMC 2020 Online Technology Symposium on August 24-25, 2020, focusing on memory systems for AI applications using advanced process technologies. The presentation will be delivered by Frank Ferro, highlighting the surge in data growth and the performance demands in data centers.

Key solutions include advanced SerDes, memory interfaces, and security IP for AI, ADAS, data centers, and 5G. Notable offerings include 112G XSR/USR SerDes PHY and HBM2E memory controllers. Attendees can learn more about these advancements online.

Rambus Inc. (Nasdaq: RMBS), a leading silicon IP and chip provider, has announced presentations at two upcoming investor events. Rahul Mathur, CFO, will speak at the BMO 2020 Virtual Technology Summit on August 24, 2020, at 8:30 a.m. PT. Luc Seraphin, CEO, and Mathur will present at the Citi 2020 Global Technology Virtual Conference on September 8, 2020, at 7:45 a.m. PT. The presentations will be accessible via webcast on the Rambus Investor Relations website, with replays available afterward.

Rambus Inc. (NASDAQ: RMBS) reported strong financial results for Q2 2020, with GAAP revenue of $59.9 million, driven by a record performance in its memory interface chip business. The company achieved licensing billings of $60.7 million, product revenue of $31.7 million, and generated $62 million in cash from operating activities, marking a 10-year high. Despite a net loss of $10.8 million and diluted net loss per share of $0.09, Rambus' cash position improved to $486.1 million. The outlook for Q3 anticipates licensing billings between $55-$61 million and product revenue of $29-$35 million.