Rambus Q2 revenue rises 20%, beats analyst estimates
RMBS•Third-quarter outlook
Rambus said it expects third-quarter revenue between $210 million and $216 million.
The company expects third-quarter non-GAAP diluted EPS of $0.75 to $0.82.
Rambus said achieving its third-quarter revenue targets requires signing customer agreements.
Q2 revenue and EPS beat estimates
Rambus said second-quarter revenue rose 20% year over year and beat analyst expectations.
Adjusted EPS for the quarter also beat consensus, driven by record product revenue growth.
Key reported figures and analyst context
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Revenue | $207.39 million | $198.30 million |
| Q2 Adjusted EPS | $0.77 | $0.72 |
| Q2 EPS | $0.61 | |
| Q2 Net Income | $67.60 million |
The current average analyst rating on the shares is buy, with 8 strong buy or buy, 2 , and 1 or recommendation.
