Description

Rambus’ $114 Million Product Revenue Record — Can AI Memory Demand Drive Its Next Big Leap?

Rambus Inc. reported its third quarter fiscal year 2026 results, with revenue reaching $218 million, reflecting 22% year-over-year growth and a 5% increase sequentially. Product revenue, a key segment, hit a record $114 million, up 22% year-over-year and 15% sequentially, driven primarily by strong demand for DDR5 register clock driver (RCD) products and growing adoption of new-generation memory solutions. The company anticipates continued robust product performance in the fourth quarter, projecting product revenue growth of more than 30% year-over-year. Meanwhile, royalties revenue was $77 million, and contract and other revenue—mainly from silicon IP—increased 35% year-over-year to $27 million. The silicon IP business showed notable momentum, supported by key design wins with hyperscalers and semiconductor customers, particularly in next-generation high-bandwidth memory (HBM) and PCIe controller IP for AI infrastructure.