Rambus Q3 revenue of $218M tops earnings guidance
Rambus expects fourth-quarter revenue of $227 million to $233 million, contingent in part on signing customer agreements.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Rambus Inc. (RMBS) reported third-quarter 2026 revenue of $218.3 million, up 22% year over year and above its $210 million to $216 million guidance range. Product revenue was $114.3 million, up 15% quarter over quarter and 22% year over year; royalties were $77.0 million and contract and other revenue was $27.0 million. GAAP diluted earnings per share were $0.69, compared with $0.44 a year earlier, while non-GAAP diluted earnings per share were $0.84 versus $0.62.
Cash from operating activities was a record $102.5 million. Cash, cash equivalents and marketable securities totaled $776.9 million at September 30, 2026, down $48.0 million from June 30, 2026, mainly reflecting $135.4 million paid for common-stock repurchases and $11.2 million for capital expenditures, partly offset by operating cash.
For Q4 2026, Rambus expects revenue of $227 million to $233 million and GAAP diluted earnings per share of $0.68 to $0.76; non-GAAP diluted earnings per share are expected at $0.84 to $0.92. The company said achieving the revenue range will require signing customer agreements for product sales and solutions licensing, among other matters.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointQuarterly revenue reached $218.3 million, up 22% year over year.
- Moderate pointGAAP net income was $74.6 million, compared with $48.4 million in Q3 2025.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
Key Figures
Key Terms
non-GAAP financial measures financial
stock-based compensation expense financial
marketable securities financial
SOCAMM2 technical
Root of Trust technical
Earnings Snapshot
For Q4 2026, revenue of $227 million to $233 million; GAAP diluted earnings per share of $0.68 to $0.76; and non-GAAP diluted earnings per share of $0.84 to $0.92. Achieving the revenue range will require signing customer agreements for various product sales and solutions licensing, among other matters.
FAQ
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What was RMBS's revenue in Q3 2026?
What is RMBS's Q4 2026 revenue outlook?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I. R. S. Employer Identification No.) |
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
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Trading Symbol |
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Name of Each Exchange on Which Registered |
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(The Nasdaq Global Select Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 – Results of Operations and Financial Condition.
On October 26, 2026, Rambus Inc. (“Rambus,” or the “Company”) issued a press release announcing results for the quarter ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein.
The information under Item 2.02 in this current report on Form 8-K and the related information in the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits.
99.1 |
Earnings press release dated October 26, 2026. |
104 |
Cover Page Interactive Date File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: October 26, 2026 |
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Rambus Inc. |
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/s/ Sumeet Gagneja |
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Sumeet Gagneja, Senior Vice President and Chief Financial Officer |
Exhibit 99.1
News Release
RAMBUS REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS
SAN JOSE, Calif. – October 26, 2026 – Rambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the third quarter ended September 30, 2026. Total revenue for the third quarter was $218.3 million, product revenue was $114.3 million, royalties revenue was $77.0 million and contract and other revenue was $27.0 million. GAAP diluted earnings per share was $0.69 and non-GAAP diluted earnings per share was $0.84. The Company also generated a record $102.5 million of cash from operating activities in the third quarter.
Management Commentary
“Rambus delivered record quarterly revenue and earnings that exceeded our guidance, with strong customer demand driving record product revenue and record cash from operations,” said Luc Seraphin, president and chief executive officer of Rambus. “We continue to expand our product and IP offerings to address the growing performance requirements of next-generation AI and data center infrastructure. Through ongoing execution on our roadmap and accelerating demand for our differentiated solutions, we expect an even stronger performance in Q4 and are well positioned to deliver long-term profitable growth and value for our stockholders.”
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GAAP |
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Non-GAAP (1) |
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Quarterly Financial Review |
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Three Months Ended |
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Three Months Ended |
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(In millions, except percentages and per share amounts) |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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Product revenue |
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$ |
114.3 |
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$ |
93.3 |
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$ |
114.3 |
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$ |
93.3 |
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Royalties revenue |
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77.0 |
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65.1 |
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77.0 |
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65.1 |
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Contract and other revenue |
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27.0 |
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20.1 |
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27.0 |
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20.1 |
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Total revenue |
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218.3 |
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178.5 |
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218.3 |
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178.5 |
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Cost of product revenue |
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45.5 |
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34.3 |
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45.3 |
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34.2 |
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Cost of contract and other revenue |
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0.8 |
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0.5 |
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0.8 |
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0.5 |
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Amortization of acquired intangible assets (included in total cost of revenue) |
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1.1 |
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1.7 |
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— |
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— |
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Total operating expenses |
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87.3 |
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78.7 |
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70.0 |
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64.6 |
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Operating income |
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$ |
83.6 |
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$ |
63.3 |
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$ |
102.2 |
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$ |
79.2 |
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Operating margin |
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38 |
% |
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35 |
% |
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47 |
% |
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44 |
% |
Net income |
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$ |
74.6 |
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$ |
48.4 |
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$ |
91.7 |
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$ |
68.2 |
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Diluted earnings per share |
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$ |
0.69 |
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$ |
0.44 |
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$ |
0.84 |
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$ |
0.62 |
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GAAP revenue for the quarter was $218.3 million, which exceeded the Company's guidance range of $210 million to $216 million. The Company had product revenue of $114.3 million, royalties revenue of $77.0 million and contract and other revenue of $27.0 million.
The Company had total GAAP cost of revenue of $47.4 million and operating expenses of $87.3 million. The Company also had total non-GAAP operating expenses of $116.1 million (including non-GAAP cost of revenue of $46.1 million). The Company had GAAP diluted earnings per share of $0.69 and non-GAAP diluted earnings per share of $0.84. The Company’s basic share count was 108 million shares and its diluted share count was 109 million shares.
Cash, cash equivalents, and marketable securities as of September 30, 2026 were $776.9 million, a decrease of $48.0 million as compared to June 30, 2026, mainly due to $135.4 million paid for repurchases of common stock and $11.2 million paid for capital expenditures, partially offset by $102.5 million cash provided by operating activities.
2026 Fourth Quarter Outlook
(In millions, except per share amounts) |
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GAAP |
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Non-GAAP (1) |
Revenue |
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$227 - $233 |
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$227 - $233 |
Product revenue |
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$127 - $133 |
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$127 - $133 |
Royalties revenue |
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$68 - $74 |
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$68 - $74 |
Contract and other revenue |
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$26 - $32 |
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$26 - $32 |
Total operating costs and expenses (2) |
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$143 - $139 |
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$124 - $120 |
Diluted earnings per share |
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$0.68 - $0.76 |
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$0.84 - $0.92 |
For the fourth quarter of 2026, the Company expects revenue to be between $227 million and $233 million. The Company also expects product revenue to be between $127 million and $133 million, royalties revenue to be between $68 million and $74 million, and contract and other revenue to be between $26 million and $32 million. Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales and solutions licensing, among other matters.
The Company also expects GAAP operating costs and expenses to be between $143 million and $139 million and non-GAAP operating costs and expenses to be between $124 million and $120 million. The Company expects interest and other income to be $6.5 million. These expectations also assume a GAAP tax rate of 17.5%, a non-GAAP tax rate of 16% and a diluted share count of 109 million shares, and exclude stock-based compensation expense of $18.2 million, amortization of acquired intangible assets of $1.0 million and other one-time adjustments of ($0.2) million.
Additionally, the Company expects GAAP diluted earnings per share to be between $0.68 and $0.76 and non-GAAP diluted earnings per share to be between $0.84 and $0.92.
Conference Call
The Company’s management will discuss the results of the quarter during a conference call scheduled for 2:00 p.m. PT today. The call will be audio, slides will be available online at investor.rambus.com, and a replay will be available for the next week at the following numbers: (833) 309-1852 (domestic) or +44 800-007-4044 (international) with ID# 254362271.
Non-GAAP Financial Information
In the commentary set forth above and in the financial statements included in this earnings release, the Company presents the following non-GAAP financial measures: cost of product revenue, operating expenses, operating income, gross margin, operating margin, net income and diluted net income per share (diluted earnings per share). In computing each of these non-GAAP financial measures, the following items were considered as discussed below: stock-based compensation expense, restructuring charges, amortization of acquired intangible assets, facility closure costs, income tax adjustment, and certain other one-time adjustments. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Management believes the non-GAAP financial measures are appropriate for both its own assessment of, and to show investors, how the Company’s performance compares to other periods. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. A reconciliation from GAAP to non-GAAP results is included in the financial statements contained in this release.
The Company’s non-GAAP financial measures reflect adjustments based on the following items:
Stock-based compensation expense. These expenses primarily relate to employee stock purchase plans, and employee non-vested equity stock and non-vested stock units. The Company excludes stock-based compensation expense from its non-GAAP measures primarily because such expenses are non-cash expenses that the Company does not believe are reflective of ongoing operating results. Additionally, given the fact that other companies may grant different amounts and types of equity awards and may use different valuation assumptions, excluding stock-based compensation expense permits more accurate comparisons of the Company’s results with peer companies.
Restructuring charges. These charges include severance, exit costs and other related costs. The Company excludes these charges because such charges are not directly related to ongoing business results and do not reflect expected future operating expenses.
Amortization of acquired intangible assets. The Company incurs expenses for the amortization of intangible assets acquired in acquisitions. The Company excludes these items because these expenses are not reflective of ongoing operating results in the period incurred. These amounts arise from the Company’s prior acquisitions and have no direct correlation to the operation of the Company’s core business.
Facility closure costs. These charges consist of exit costs associated with building leases that were abandoned. The Company excludes these charges because such charges are not directly related to ongoing business results and do not reflect expected future operating expenses.
Income tax adjustment. For purposes of internal forecasting, planning and analyzing future periods that assume net income from operations, the Company estimates a fixed, long-term projected tax rate of approximately 16 percent and 20 percent for 2026 and 2025, respectively, which consists of estimated U.S. federal and state tax rates, and excludes tax rates associated with certain items such as withholding tax, tax credits, deferred tax asset valuation allowance and the release of any deferred tax asset valuation allowance. Accordingly, the Company has applied these tax rates to its non-GAAP financial results for all periods in the relevant years to assist the Company’s planning.
On occasion in the future, there may be other items, such as significant gains or losses from contingencies, that the Company may exclude in deriving its non-GAAP financial measures if it believes that doing so is consistent with the goal of providing useful information to investors and management.
About Rambus Inc.
Rambus delivers industry-leading chips and silicon IP for data-intensive computing systems, focusing on data center and AI infrastructure. With over three decades of advanced semiconductor experience, our products and technologies address the critical bottlenecks between memory and processing to accelerate data-intensive workloads. By enabling greater bandwidth, efficiency and security across next-generation computing platforms, we make data faster and safer. For more information, visit rambus.com.
Forward-Looking Statements
This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, including those relating to Rambus’ expectations regarding business opportunities, the Company’s ability to deliver long-term, profitable growth, product and investment strategies, and the Company’s outlook and financial guidance for the fourth quarter of 2026 and related drivers, and the Company’s ability to effectively manage market challenges. Such forward-looking statements are based on current expectations, estimates and projections, management’s beliefs and certain assumptions made by the Company’s management. Actual results may differ materially. The Company’s business generally is subject to a number of risks which are described more fully in Rambus’ periodic reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
Contact
Sumeet Gagneja
Senior Vice President and Chief Financial Officer
(408) 462-8000
sgagneja@rambus.com
Source: Rambus Inc.
Rambus Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands) |
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September 30, |
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December 31, |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
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$ |
110,531 |
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$ |
182,826 |
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Marketable securities |
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666,376 |
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|
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579,005 |
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Accounts receivable |
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|
142,149 |
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|
|
137,476 |
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Unbilled receivables |
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|
26,818 |
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|
|
25,209 |
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Inventories |
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87,235 |
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44,098 |
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Prepaids and other current assets |
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18,323 |
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|
|
20,202 |
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Total current assets |
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1,051,432 |
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988,816 |
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Intangible assets, net |
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5,711 |
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10,171 |
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Goodwill |
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286,812 |
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|
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286,812 |
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Property and equipment, net |
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107,918 |
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|
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113,051 |
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Operating lease right-of-use assets |
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13,702 |
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17,112 |
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Deferred tax assets |
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86,500 |
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|
|
105,542 |
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Other assets |
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6,157 |
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|
|
8,041 |
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Total assets |
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$ |
1,558,232 |
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$ |
1,529,545 |
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LIABILITIES & STOCKHOLDERS’ EQUITY |
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Current liabilities: |
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|
|
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|
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Accounts payable |
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$ |
23,349 |
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$ |
35,915 |
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Accrued salaries and benefits |
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20,372 |
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22,044 |
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Deferred revenue |
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32,391 |
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|
|
29,980 |
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EDA tools software licenses liability |
|
|
14,795 |
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|
|
14,884 |
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Operating lease liabilities |
|
|
5,645 |
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|
|
6,310 |
|
Other current liabilities |
|
|
15,543 |
|
|
|
11,441 |
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Total current liabilities |
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|
112,095 |
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|
|
120,574 |
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Long-term operating lease liabilities |
|
|
14,572 |
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|
|
18,671 |
|
Long-term EDA tools software licenses liability |
|
|
9,053 |
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|
|
20,908 |
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Other long-term liabilities |
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|
4,781 |
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|
|
4,967 |
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Total long-term liabilities |
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28,406 |
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|
|
44,546 |
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Total stockholders’ equity |
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|
1,417,731 |
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|
|
1,364,425 |
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Total liabilities and stockholders’ equity |
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$ |
1,558,232 |
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$ |
1,529,545 |
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Rambus Inc.
Condensed Consolidated Statements of Income
(Unaudited)
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Three Months Ended |
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Nine Months Ended |
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(In thousands, except per share amounts) |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue: |
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Product revenue |
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$ |
114,315 |
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$ |
93,342 |
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|
$ |
301,471 |
|
|
$ |
250,976 |
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Royalties |
|
|
76,958 |
|
|
|
65,120 |
|
|
|
230,861 |
|
|
|
207,702 |
|
Contract and other revenue |
|
|
27,016 |
|
|
|
20,051 |
|
|
|
73,531 |
|
|
|
58,708 |
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Total revenue |
|
|
218,289 |
|
|
|
178,513 |
|
|
|
605,863 |
|
|
|
517,386 |
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Cost of revenue: |
|
|
|
|
|
|
|
|
|
|
|
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Cost of product revenue |
|
|
45,458 |
|
|
|
34,337 |
|
|
|
118,762 |
|
|
|
97,338 |
|
Cost of contract and other revenue |
|
|
753 |
|
|
|
531 |
|
|
|
2,659 |
|
|
|
1,708 |
|
Amortization of acquired intangible assets |
|
|
1,164 |
|
|
|
1,724 |
|
|
|
4,459 |
|
|
|
5,158 |
|
Total cost of revenue |
|
|
47,375 |
|
|
|
36,592 |
|
|
|
125,880 |
|
|
|
104,204 |
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Gross profit |
|
|
170,914 |
|
|
|
141,921 |
|
|
|
479,983 |
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|
|
413,182 |
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Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
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||||
Research and development |
|
|
49,355 |
|
|
|
49,511 |
|
|
|
150,683 |
|
|
|
138,462 |
|
Sales, general and administrative |
|
|
37,684 |
|
|
|
29,155 |
|
|
|
107,616 |
|
|
|
85,328 |
|
Restructuring charges |
|
|
223 |
|
|
|
— |
|
|
|
3,543 |
|
|
|
— |
|
Total operating expenses |
|
|
87,262 |
|
|
|
78,666 |
|
|
|
261,842 |
|
|
|
223,790 |
|
Operating income |
|
|
83,652 |
|
|
|
63,255 |
|
|
|
218,141 |
|
|
|
189,392 |
|
Interest income and other income (expense), net |
|
|
7,162 |
|
|
|
6,327 |
|
|
|
21,373 |
|
|
|
16,411 |
|
Interest expense |
|
|
(279 |
) |
|
|
(294 |
) |
|
|
(860 |
) |
|
|
(1,053 |
) |
Interest and other income (expense), net |
|
|
6,883 |
|
|
|
6,033 |
|
|
|
20,513 |
|
|
|
15,358 |
|
Income before income taxes |
|
|
90,535 |
|
|
|
69,288 |
|
|
|
238,654 |
|
|
|
204,750 |
|
Provision for income taxes |
|
|
15,970 |
|
|
|
20,911 |
|
|
|
36,626 |
|
|
|
38,135 |
|
Net income |
|
$ |
74,565 |
|
|
$ |
48,377 |
|
|
$ |
202,028 |
|
|
$ |
166,615 |
|
Net income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
$ |
0.69 |
|
|
$ |
0.45 |
|
|
$ |
1.87 |
|
|
$ |
1.55 |
|
Diluted |
|
$ |
0.69 |
|
|
$ |
0.44 |
|
|
$ |
1.84 |
|
|
$ |
1.53 |
|
Weighted-average shares used in per share calculations: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
|
107,644 |
|
|
|
107,622 |
|
|
|
108,032 |
|
|
|
107,483 |
|
Diluted |
|
|
108,788 |
|
|
|
109,304 |
|
|
|
109,552 |
|
|
|
108,962 |
|
Rambus Inc.
Supplemental Reconciliation of GAAP to Non-GAAP Results
(Unaudited)
|
|
Three Months Ended |
|
|||||
(In thousands, except per share amounts) |
|
2026 |
|
|
2025 |
|
||
Cost of product revenue |
|
$ |
45,458 |
|
|
$ |
34,337 |
|
Adjustment: |
|
|
|
|
|
|
||
Stock-based compensation expense |
|
|
(185 |
) |
|
|
(180 |
) |
Non-GAAP cost of product revenue |
|
$ |
45,273 |
|
|
$ |
34,157 |
|
|
|
|
|
|
|
|
||
Total operating expenses |
|
$ |
87,262 |
|
|
$ |
78,666 |
|
Adjustments: |
|
|
|
|
|
|
||
Stock-based compensation expense |
|
|
(16,936 |
) |
|
|
(14,026 |
) |
Restructuring charges |
|
|
(223 |
) |
|
|
— |
|
Facility closure costs |
|
|
(78 |
) |
|
|
— |
|
Non-GAAP total operating expenses |
|
$ |
70,025 |
|
|
$ |
64,640 |
|
|
|
|
|
|
|
|
||
Operating income |
|
$ |
83,652 |
|
|
$ |
63,255 |
|
Adjustments: |
|
|
|
|
|
|
||
Stock-based compensation expense |
|
|
17,121 |
|
|
|
14,206 |
|
Amortization of acquired intangible assets |
|
|
1,164 |
|
|
|
1,724 |
|
Restructuring charges |
|
|
223 |
|
|
|
— |
|
Facility closure costs |
|
|
78 |
|
|
|
— |
|
Non-GAAP total operating income |
|
$ |
102,238 |
|
|
$ |
79,185 |
|
|
|
|
|
|
|
|
||
Net income |
|
$ |
74,565 |
|
|
$ |
48,377 |
|
Stock-based compensation expense |
|
|
17,121 |
|
|
|
14,206 |
|
Amortization of acquired intangible assets |
|
|
1,164 |
|
|
|
1,724 |
|
Restructuring charges |
|
|
223 |
|
|
|
— |
|
Facility closure costs |
|
|
78 |
|
|
|
— |
|
Income tax adjustment |
|
|
(1,489 |
) |
|
|
3,867 |
|
Non-GAAP net income |
|
$ |
91,662 |
|
|
$ |
68,174 |
|
|
|
|
|
|
|
|
||
Non-GAAP diluted earnings per share |
|
$ |
0.84 |
|
|
$ |
0.62 |
|
Weighted-average shares used in non-GAAP diluted per share calculation |
|
|
108,788 |
|
|
|
109,304 |
|
Rambus Inc.
Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates
(Unaudited)
2026 Fourth Quarter Outlook |
|
Three Months Ended |
|
|||||
(In millions, except per share amounts) |
|
Low |
|
|
High |
|
||
Forward-looking operating costs and expenses |
|
$ |
143.0 |
|
|
$ |
139.0 |
|
Adjustments: |
|
|
|
|
|
|
||
Stock-based compensation expense |
|
|
(18.2 |
) |
|
|
(18.2 |
) |
Amortization of acquired intangible assets |
|
|
(1.0 |
) |
|
|
(1.0 |
) |
Other |
|
|
0.2 |
|
|
|
0.2 |
|
Forward-looking Non-GAAP operating costs and expenses |
|
$ |
124.0 |
|
|
$ |
120.0 |
|
|
|
|
|
|
|
|
||
Forward-looking net income |
|
$ |
74.7 |
|
|
$ |
82.9 |
|
Adjustments: |
|
|
|
|
|
|
||
Stock-based compensation expense |
|
|
18.2 |
|
|
|
18.2 |
|
Amortization of acquired intangible assets |
|
|
1.0 |
|
|
|
1.0 |
|
Other |
|
|
(0.2 |
) |
|
|
(0.2 |
) |
Income tax adjustment |
|
|
(1.7 |
) |
|
|
(1.5 |
) |
Forward-looking Non-GAAP net income |
|
$ |
92.0 |
|
|
$ |
100.4 |
|
|
|
|
|
|
|
|
||