Earnings call transcript: Rambus tops Q3 2026 estimates on record revenue

Rambus delivered a strong third-quarter report that surpassed Wall Street expectations, announcing record revenue and non-GAAP earnings. The memory-focused chip designer reported $218 million in quarterly revenue, a 22% increase year-over-year, and $0.84 in non-GAAP earnings per share (EPS), beating analyst estimates by $0.05. Shares rose 5.45% to close at $90.32 during regular trading, then slipped 0.85% in after-hours trading to $89.55.

Management highlighted robust demand for its memory interface products and growing traction in its silicon IP business, driving the positive results. The company's Q4 guidance anticipates another record quarter with product revenue growth expected to exceed 30% year-over-year. Rambus attributes its success to favorable demand conditions and disciplined execution.

The stock's reaction to the earnings report was generally positive, with a 5.45% gain in regular trading, though investors appear to have taken some profits in after-hours trading.