Rambus reported record revenue of $218.3 million for the third quarter of 2026, exceeding its own forecast of $210 million to $216 million. This result represents a 22% increase compared to the same period last year. Following the report on October 26, 2026, company shares rose by more than 5% in after-hours trading.
Product revenue reached a record $114.3 million, marking a 22% year-over-year increase and a 15% rise from the previous quarter. Growth was primarily driven by DDR5 registered clock drivers. Meanwhile, royalty income remained stable at $77.0 million. Non-GAAP diluted earnings per share grew by 35% to $0.84.
The company achieved record operating cash flow of $102.5 million and repurchased $135.4 million in shares during the quarter. Management provided a revenue guidance for the fourth quarter in the range of $227 million to $233 million. New product initiatives include power management integrated circuits and Root of Trust security IP.
On October 22, 2026, Rambus announced a partnership with ChipAgents to integrate agentic AI into the chip design process. This collaboration aims to utilize software capable of executing multi-step tasks to improve development workflows.
