Description

Rambus Inc.: Chipset Innovation for DDR5 Systems to Tap Into New Market Segments & Support Sales Growth! 

Rambus Inc. began the year with performance above internal expectations, supported by a resilient and diversified business model. The company reported total revenue of $166.7 million for the first quarter, led by a 52% year-over-year increase in product revenue from its DDR5 memory interface chips, which reached a record $76.3 million. Royalty revenue came in at $74 million and licensing billings at $73.3 million, with some recognition timing differences tied to recently renewed licensing agreements. Rambus generated $77.4 million in cash from operations and ended the quarter with over $514 million in cash and marketable securities, while maintaining disciplined operating expenses of $59.4 million. Free cash flow was strong at $65.7 million, even with capital expenditures of $11.7 million. Gross margins on chip sales came in at approximately 60%, reflecting expected mid-single digit price erosion at the start of the year.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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