Rambus reported record second quarter revenue of $207.4 million and non-GAAP EPS of $0.77, beating consensus estimates of $198.3 million and $0.71, respectively. The results were fueled by continued strength in the company's product segment, which caters to AI and data center infrastructure.
Key Highlights
- Total revenue grew 20% year-over-year to a record $207.4 million, exceeding the high end of the company's prior guidance.
- Product revenue reached a new record of $99.2 million, growing 22% year-over-year and 13% sequentially, validating the AI infrastructure narrative despite narrowly missing the $100 million threshold watched by investors.
- The company guided for third quarter revenue between $210 million and $216 million, with the midpoint indicating continued sequential growth.