Rambus Inc. Q3 2025 Earnings Release

Rambus Inc. reported strong financial results for the third quarter of 2025, with GAAP revenue of $178.5 million, driven by record product revenue of $93.3 million and licensing billings of $66.1 million. The company generated $88.4 million in cash from operating activities, marking a significant increase from the previous year. Rambus highlighted its continued leadership in DDR5 products and contributions from new products, positioning the company for long-term growth in the data center and AI sectors. The company also provided an outlook for the fourth quarter of 2025, expecting licensing billings between $60 million and $66 million, and product revenue between $94 million and $100 million.