RMBS Earnings Prediction
The chart below shows how RMBS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RMBS sees a +4.37% change in stock price 10 days leading up to the earnings, and a +3.42% change 10 days following the report. On the earnings day itself, the stock moves by -0.54%. This data can give you a slight idea of what to expect for the next quarter's release.
RMBS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
145.51M
38.19%
10.12%
Gross Margin
80.62%
4.80%
1.35%
Operating Margin
34.46%
98.16%
13.28%
Net Margin
33.44%
-65.88%
22.54%
EPS
0.45
-51.61%
36.36%
No Data Available
RMBS Earnings Analysis
Rambus Inc Corporation (RMBS.O) Earnings Conference Call
Positive
Cash Flow and Repurchases: In Q3, the company generated $62 million of cash from operations, marking the fifth consecutive quarter of share repurchases totaling $50 million.
Strong Q3 Revenue Performance: Revenue for the third quarter was $145.5 million, aligning with expectations and demonstrating strong performance.
DDR5 Product Revenue Surge: Product revenue was $66.4 million, up 17% sequentially and 27% year-over-year, driven by continued strength in DDR5.
Product Revenue Growth: The company delivered double-digit product revenue growth, supported by strong cash generation in the quarter.
Gross Margin Improvement: The gross margin for Q3 was around 63%, up 3% against Q2, driven by a stronger product mix.
Negative
Third Quarter Revenue: Revenue for the third quarter was $145.5 million, which was in line with our expectations.
Royalty and Licensing Revenue: Royalty revenue was $64.1 million, while licensing billings were $65.4 million.
Operating Costs Overview: Total operating costs, including cost of goods sold for the quarter were $80.5 million.
Interest Income Breakdown: GAAP interest and other income for the third quarter was $4.3 million, which includes $100,000 of ASC 606 interest income.
Total Headcount Update: We ended the quarter with a total headcount of 685.
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RMBS Earning Call Sentiment
Rambus Inc. (RMBS) Q3 2024 Earnings Call Transcript
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RMBS.O
-3.65%Positive
The earnings call highlights strong financial performance with significant revenue growth, especially in DDR5 products, and consistent share repurchases. Despite competitive pressures and supply chain challenges, the company maintains a positive outlook with expected growth in silicon IP and disciplined expense management. The Q&A reveals management's confidence in future growth, particularly in DDR5 and silicon IP, with no major negative sentiment from analysts. The stock repurchase plan and optimistic guidance for Q4 further support a positive sentiment, likely resulting in a 2% to 8% stock price increase.
