Rambus Reports Worse Than Expected Q2 Results
<p><a href='https://financialmodelingprep.com/financial-summary/RMBS'>Rambus Inc. (NASDAQ:RMBS)</a> reported its Q2 results, with EPS of $0.31 coming in worse than the Street estimate of $0.40. Revenue was $121.1 million, compared to the Street estimate of $137.2 million.</p>
<p>Despite the delays in DDR5-based server platforms, the company is seeing strong demand for its DDR4 buffer chips gated only by supply constraints, and management mentioned no signs of cancellations/pushouts in orders despite the uncertain macro. </p>
<p>The analyst at Deutsche Bank mentioned they were encouraged to see the company's introduction of new companion chips and appreciate management's strategy to strengthen the development of CXL chips through M&A. </p>
<p>In Silicon IP, the company reiterated a revenue run-rate of $120-130 million (vs. $100 million in 2021), which should continue to expand from incremental opportunities in areas such as automotive and government. </p>

NASDAQ:RMBS