• Reported GAAP EPS of $0.59 up 1.72% YoY • Reported revenue of $190.24M up 18.09% YoY • For Q1 2026, Rambus expects licensing billings between $66 million and $72 million, product revenue between $84 million and $90 million, and royalty revenue between $61 million and $67 million.
Bullish
Rambus achieved record annual product revenue, up 41% from 2024, and record cash from operations, leveraging its industry-leading chips and silicon IP for data center and AI.
Bearish
Rambus' Q4 2025 income tax provision was significantly higher due to new legislation, and contract and other revenue decreased, with Q1 2026 revenue dependent on new customer agreements.