Rambus Reports Second Quarter Earnings Results for 2023
August 9, 2023
🌥️Earnings Overview
On July 31, 2023, Rambus Inc ($NASDAQ:RMBS). reported their earnings results for the second quarter ending June 30, 2023. Revenue for the quarter totalled USD 119.8 million, representing a 1.1% decrease year-over-year. Net income was significantly higher at USD 168.9 million compared to the prior year’s USD 35.0 million.
Price History
On Monday, shares of RAMBUS INC opened at $63.0 and closed at $62.6, marking a slight 0.1% increase from the previous closing price of $62.6. The company released its second quarter earnings results for 2023, revealing a healthy performance in the second quarter. The strong financial position and revenue growth is expected to enable the company to expand further and increase its market share. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rambus Inc. More…
| Total Revenues | Net Income | Net Margin |
| 468.2 | 189.05 | 46.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rambus Inc. More…
| Operations | Investing | Financing |
| 226.69 | 151.98 | -362.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rambus Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.13k | 181.56 | 7 |
Key Ratios Snapshot
Some of the financial key ratios for Rambus Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.7% | -8.3% | 8.3% |
| FCF Margin | ROE | ROA |
| 43.4% | 3.2% | 2.1% |
Analysis
As GoodWhale conducted an analysis of RAMBUS INC‘s wellbeing, we classified them as a ‘gorilla’ company using our Star Chart. This means that RAMBUS INC has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors who are interested in such a company are likely to be looking for sustained growth potential and a strong balance sheet. RAMBUS INC has demonstrated this with a 10/10 health score when it comes to cashflows and debt, meaning the company is capable of repaying debt and financing future operations. As for areas of strength, RAMBUS INC shows good performance in asset, growth, and profitability. When it comes to dividends, however, their performance is weak. GoodWhale is confident that RAMBUS INC will be able to sustain their growth and capitalize on their competitive advantage in order to improve their dividend yield in the future. 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
Investors in Rambus Inc. were pleased with the company’s second quarter earnings report for the period ending June 30, 2023. Total revenue was down 1.1% compared to the previous year, but net income saw a drastic improvement, rising from USD 35.0 million to USD 168.9 million. The strong earnings are expected to bode well for the company’s stock price, and could signal further growth to come. Investors are encouraged to do their own due diligence before making any investments in Rambus Inc.
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