RMBS Q2 FY2026 earnings: EPS beat by 7.4%, revenue beat by 4.1%
Rambus reported Q2 FY2026. EPS came in at $0.77 against a $0.72 consensus, beat by 7.4%. Revenue was $207.4M versus $199.3M expected, beat by 4.1%. Gross margin was 79.8%, up 10 bps from last quarter.
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Sees Q3 non-GAAP earnings per share $0.75 to $0.82.
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“Assuming a non-GAAP tax rate of 16%, and Q3 share count of 110 million diluted shares outstanding, we expect Q3 non-GAAP earnings per share range between $0.75 and $0.82.”
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Sees Q3 revenue $210 million to $216 million.
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“We expect revenue in the third quarter to be between $210 million and $216 million.”
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Sees Q3 non-GAAP operating profit $91 million to $101 million.
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“Non-GAAP operating results for the third quarter are expected to be between a profit of $91 million and $101 million.”
Capacity & Capex “This said, however, we are building some inventory on critical products that we believe are going to ramp you know, in Q3, Q4, and early next year as we do see our lead times lengthening, you know, given the tightness in the supply chain.”
Guidance “Starting with chips, product revenue reached a new record of $99 million, up 22% year-over-year, and we expect another quarter of double-digit growth in Q3.”
4 more flagged statementsand 2 tone events from this call are in the Pro read.
Subscribe — $49.99/mo →| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.77 | $0.72 | beat by 7.4% |
| Revenue | $207.4M | $199.3M | beat by 4.1% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $207.4M | +15.1% | +20.4% |
| Gross profit | $165.4M | +15.1% | +28.3% |
| Operating income | $72.7M | +17.8% | +15.5% |
| Net income | $67.6M | +12.9% | +16.7% |
| Diluted EPS | $0.61 | +10.9% | +15.1% |
| Gross margin: 79.8%. |
Revenue is up 20.4% from the same quarter last year. Gross margin sits at 79.8%, a new high for the period charted.
This section is part of the Pro report for RMBS.
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