RAMBUS INC Reports Q4 FY2022 Earnings Results for Period Ending February 6, 2023

Earnings Overview

RAMBUS INC ($NASDAQ:RMBS) reported total revenue of USD 15.9 million and net income of USD 122.4 million for the financial year ending February 6, 2023 as of December 31, 2022; this marked a 161.5% increase in revenue and a 33.3% year over year increase in net income from the preceding year.

Transcripts Simplified

Rambus Inc. reported strong financial results for the fourth quarter and full year of 2022. Revenue for the quarter was $122.4 million and record product revenue of $67.2 million. Operating costs were towards the high end of expectations at $85.4 million and operating expenses were in line with expectations at $55.8 million.

Non-GAAP net income for the quarter was $28.3 million after adjusting for noncash interest expense on the convertible notes and $1 million of interest income related to ASC 606. Cash from operations was a record at $230 million, and the company executed an accelerated share repurchase program of $100 million and retired 94% of its convertible debt.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Rambus Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Rambus Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Rambus Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Rambus Inc are shown below. More…

Price History

On Monday, RAMBUS INC reported their earnings results for the fourth quarter of FY2022, with the reporting period ending on February 6, 2023. According to the report, RAMBUS INC opened the day at a stock price of $43.1, and closed at the exact same price. This represents a slight drop of 1.1% from last closing price of $43.6. Even though Q4 results weren’t as positive as investors had hoped, the company’s overall performance for the year has been solid, with total revenues up by 5% and profits up by 6% year-over-year.

RAMBUS INC also reported that they have a strong balance sheet with cash and liquid assets worth over $1 Billion. Overall, RAMBUS INC’s fourth quarter earnings results were mixed, with revenue and profits coming in below analysts’ expectations and margins contracting more than anticipated. Live Quote…

Analysis

At GoodWhale, we have conducted an in-depth analysis of Rambus Inc.’s fundamentals, and are pleased to present our findings on the company’s credibility and risk level. Our Risk Rating indicates that Rambus Inc. is a medium risk investment from both financial and business perspectives. We have available for our registered members a more detailed report on Rambus Inc., where we have identified 3 risk warnings in the income sheet, the balance sheet, and non-financial areas. If you would like to view this information, please sign up for our services today. We offer dedicated support staff to help you make the best financial decision for your investments. More…

Peers

Rambus Inc. is a leading developer of high-speed memory chips and interfaces. Its products are used in a variety of applications, including personal computers, servers, and mobile devices. The company competes with Goke Microelectronics Co Ltd, 3Peak Incorporated, and Suzhou Novosense Microelectronics Co Ltd in the development of high-speed memory chips and interfaces.

– Goke Microelectronics Co Ltd ($SZSE:300672)

Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company has a market cap of 11.04B as of 2022 and a return on equity of 12.85%. Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company develops and manufactures innovative semiconductor and display products for a wide range of applications. Goke Microelectronics Co Ltd’s products are used in a variety of electronic devices, including mobile phones, computers, TVs, and more.

– 3Peak Incorporated ($SHSE:688536)

Peak Incorporated is a leading provider of analytical instruments, software, and services for the global life sciences market. The company has a market cap of 30.14B and a ROE of 9.56%. Peak Incorporated provides a wide range of products and services to help scientists and researchers advance their scientific knowledge and improve human health. The company’s products are used in a variety of applications, including drug discovery, basic research, and clinical research.

– Suzhou Novosense Microelectronics Co Ltd ($SHSE:688052)

Suzhou Novosense Microelectronics Co Ltd is a Chinese company that designs, develops, manufactures, and sells microelectronic products and services. The company has a market cap of 30.12B as of 2022 and a return on equity of 6.73%. The company’s products include integrated circuits, sensors, and other electronic components. It also provides services such as design, development, and testing of microelectronic products.

Summary

Rambus Inc. has reported their FY2022 Q4 earnings results for the period ending February 6, 2023 and it has been a successful quarter for the company. Total revenue has increased by 161.5% year-over-year to USD 15.9 million, while net income has also seen a significant growth of 33.3%, bringing it up to USD 122.4 million. This shows that the company has been performing remarkably well and provides a strong case for investors to look into this company. Furthermore, the financials of Rambus Inc. should be monitored in order to determine whether or not they will continue to perform well in the future.