Rambus Inc. reported financial results for the third quarter ended September 30, 2026, announcing record quarterly revenue and earnings that exceeded its guidance range. The company reported total revenue of $218.3 million for the quarter, which was above the previously issued guidance of $210 million to $216 million. This figure represents a 22% increase compared to the same period in the prior year.
Revenue was broken down into three categories: product revenue of $114.3 million, royalties revenue of $77.0 million, and contract and other revenue of $27.0 million. Product revenue increased by 15% on a sequential basis and 22% year over year. The company also reported a record $102.5 million in cash generated from operating activities during the quarter.
On a GAAP basis, the company recorded diluted earnings per share of $0.69. On a non-GAAP basis, which excludes stock-based compensation, restructuring charges, and amortization of acquired intangible assets, diluted earnings per share were $0.84. Both figures exceeded the company's guidance range.
As of September 30, 2026, cash, cash equivalents, and marketable securities totaled $776.9 million, a decrease of $48.0 million from the previous quarter. This decrease was primarily attributed to $135.4 million spent on repurchasing common stock and $11.2 million in capital expenditures, partially offset by the cash generated from operations.
For the fourth quarter of 2026, Rambus provided guidance expecting revenue between $227 million and $233 million. The company also forecasted GAAP diluted earnings per share between $0.68 and $0.76 and non-GAAP diluted earnings per share between $0.84 and $0.92.
