Rambus Reports Fourth-Quarter Earnings of $0.59 Per Share

SAN JOSE, Calif., Feb. 19, 2023 (GLOBE NEWSWIRE) -- Rambus Inc. (RMBS) today announced fourth-quarter 2023 earnings of $62.2 million, or $0.58 per diluted share, on revenue of $161.1 million. Adjusted for non-recurring items, earnings per diluted share were $0.59.

For the full year, the company reported net income of $179.8 million, or $1.65 per diluted share, on revenue of $584.1 million.

For the first quarter of 2023, Rambus expects revenue in the range of $153 million to $171 million.

"Rambus continues to execute on its growth strategy, delivering another quarter of strong financial performance," said Luc Seraphin, president and CEO of Rambus. "We are well-positioned to continue driving long-term value for our shareholders."

Rambus designs and develops semiconductor and software solutions for memory and data processing applications. The company's products are used in a wide range of electronic devices, including smartphones, laptops, servers, and data centers.