Rambus -3.3% AH due to soft Q3 forecast

Rambus (NASDAQ:RMBS) expects Q3 revenue of $68M-$73M vs. a $72.5M consensus.

Revenue rose 32% Y/Y thanks to Rambus' licensing deals with Micron, Nanya, and Qualcomm, partly offset by lower Samsung royalty payments. It fell 2% Q/Q due to a one-time payment related to the Nanya deal in Q1.

Royalty revenue totaled $69.7M (up from $57M a year ago), and contract/other revenue $6.8M (up from just $910K a year ago).

Opex +2% Q/Q and +8% Y/Y to $56.4M. Cash/investments fell by $157M Q/Q to $246.4M, thanks to the maturing of $172.5M in convertible debt.

Q2 results, PR

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