Rambus reported third-quarter revenue of $218.3 million on October 26, a company record and a 22% increase from a year earlier.
The semiconductor and intellectual-property company said product revenue reached $114.3 million, up 22% year over year and 15% from the preceding quarter. Royalties contributed $77 million, while contract and other revenue supplied $27 million.
The results cover the three months ended September 30. The previous year’s third-quarter revenue was $178.5 million.
GAAP diluted earnings per share were $0.69, while non-GAAP diluted EPS were $0.84. Those measures use different accounting adjustments and should not be treated as interchangeable.
Rambus also reported $102.5 million in cash generated by operating activities, another quarterly record for the company. Operating cash flow measures cash movement and is distinct from reported earnings.
Management linked the results to customer demand and its expanding chips and intellectual-property offerings for AI and data-center systems. Its expectation of stronger fourth-quarter performance remains a forecast.
Sources: Rambus — October 26 earnings release: https://investor.rambus.com/press-releases/press-release-details/2026/Rambus-Reports-Third-Quarter-2026-Financial-Results/default.aspx