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Rambus Reports Fourth Quarter and Fiscal Year 2024 Financial Results

AmandaK

AmandaK

Administrator
Staff member
February 3, 2025
  • - Delivered record quarterly product revenue of $73.4 million, up 11% sequentially and 37% year over year
  • - Generated record annual cash from operations of $230.6 million for 2024, up 18% year over year
  • - Extended patent license agreement with Micron through 2029
SAN JOSE, Calif.--(BUSINESS WIRE)-- Rambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the fourth quarter ended December 31, 2024. GAAP revenue for the fourth quarter was $161.1 million; licensing billings were $63.6 million, product revenue was $73.4 million, and contract and other revenue was $29.5 million. The Company also generated $59.0 million in cash provided by operating activities in the fourth quarter.

“We finished 2024 strongly with sequential and year-over-year growth, delivering record annual product revenue and cash from operations,” said Luc Seraphin, chief executive officer of Rambus. “We expanded our addressable market with a record number of new product introductions throughout the year and gained share through continued product leadership. As AI continues to accelerate performance demands across the computing landscape, we are well positioned to deliver long-term growth and continued stockholder return.”

Read Full Press Release Here
 
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