Rambus Reports Second Quarter 2021 Financial Results
SAN JOSE, Calif., Aug. 2, 2021 /PRNewswire/ -- Rambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the second quarter ended June 30, 2021. GAAP revenue for the second quarter was $84.9 million; licensing billings were $65.2 million, product revenue was $31.2 million, and contract and other revenue was $11.8 million. The Company also generated $51.6 million in cash provided by operating activities.
- For the third quarter of 2021, the Company expects licensing billings to be between $59 million and $65 million.
- The Company's management will discuss the results of the quarter during a conference call scheduled for 2:00p.m.
- The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated.
- Reconciliation from GAAP to non-GAAP results is included in the financial statements contained in this release.