Corporate

Rambus Reports Third Quarter 2018 Financial Results

Third quarter GAAP revenue of $59.8 million; revenue under ASC 605 would have been $99.8 million, in line with expectations; $31.6 million in cash provided by operating activities Third quarter GAAP royalty revenue of $33.6 million, royalty revenue under ASC 605 would have been $75.7 million and licensing billings of $75.4 million New and renewed [...]

Rambus Appoints Luc Seraphin as President and Chief Executive Officer

SUNNYVALE, Calif. – Oct. 29 2018 – Rambus Inc. (NASDAQ: RMBS), today announced that its Board of Directors has appointed Luc Seraphin as president and chief executive officer, effective immediately. Eric Stang, Chairman of the Rambus Board of Directors, said, “We are very pleased to have Luc as CEO. Our search process was exhaustive, and Luc’s strategic vision, [...]

Rambus Reports Second Quarter 2018 Financial Results

Second quarter GAAP revenue of $56.5 million; revenue under ASC 605 would have been $98.8 million, in line with expectations Second quarter GAAP royalty revenue of $30.1 million, royalty revenue under ASC 605 would have been $73.6 million and licensing billings of $73.2 million Record number of licensing deals closed in Q2, including IBM and [...]

Rambus Appoints Sanjay Saraf to Board of Directors

Industry leader brings extensive experience in mobile payments and digital transformation  SUNNYVALE, Calif. – July 30, 2018 – Rambus Inc. (NASDAQ: RMBS), a leader in digital security, semiconductor and IP products and services, today announced the appointment of Sanjay Saraf to its board of directors, effective immediately. Mr. Saraf currently serves as the executive vice [...]

Rambus Announces Departure of Ron Black as Chief Executive Officer; Luc Seraphin Appointed Interim CEO

SUNNYVALE, Calif. – June 28, 2018 – Rambus Inc. (NASDAQ: RMBS) one of the world's premier technology licensing companies, today announced that the Company’s Board of Directors has terminated Dr. Ron Black as Chief Executive Officer, effective immediately. The termination follows an incident unrelated to the Company’s financial and business performance in which the Board [...]

Rambus Announces New Senior Vice President of Global Market Development

Mike Noonen Joins Rambus to Grow RISC-V and Memory Ecosystems SUNNYVALE, Calif. –  May 29, 2018 – Rambus Inc. (NASDAQ: RMBS) today announced the appointment of Mike Noonen as senior vice president of global market development. Mr. Noonen will expand the Rambus semiconductor and memory ecosystem and will report to president and chief executive officer, [...]

Rambus Reports First Quarter 2018 Financial Results

First quarter GAAP revenue of $46.4 million; revenue under ASC 605 would have been $100.5 million First quarter GAAP royalty revenue of $21.4 million, royalty revenue under ASC 605 would have been $77.2 million and licensing billings of $75.9 million Record revenue for Memory and Interface IP Cores Launched CryptoManager Root-of-trust programmable secure processing core [...]

Rambus Initiates Accelerated Share Repurchase Program

SUNNYVALE, Calif. ― March 6, 2018 ― Rambus Inc. (NASDAQ: RMBS) today announced it has initiated an accelerated share repurchase program with Citibank, N.A. to repurchase an aggregate of approximately $50 million of its common stock, with an initial delivery of approximately 3.1 million shares. “Repurchasing Rambus shares reinforces our confidence in existing product programs [...]

Rambus Reports Fourth Quarter and Fiscal Year 2017 Financial Results

Annual revenue of $393.1 million, up 17% year over year; fourth quarter revenue of $101.9 million, up 4% year over year Fourth quarter GAAP diluted net loss per share of $0.29; fourth quarter non-GAAP diluted net income per share of $0.19 Annual royalty revenue of $289.6 million and licensing billings of $289.6 million; fourth quarter [...]

Rambus Announces Pricing of $150 Million Convertible Senior Notes Offering

SUNNYVALE, Calif. — November 14, 2017 — Rambus Inc. (NASDAQ: RMBS) today announced the pricing of its offering of $150 million aggregate principal amount of its 1.375% Convertible Senior Notes due 2023 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the [...]