Short answer
RAMBUS INC (RMBS) filed its Q1 2026 10-Q quarterly report on Apr 28, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $180M (up 8.1% year over year) with net income of $60M.
Q1 2026 key financials · XBRL
- Revenue
- $180M
- +8.1% YoY
- Net income
- $60M
- −0.7% YoY
- Operating margin
- 34.3%
- Gross margin
- 79.7%
- EPS (diluted)
- $0.55
- −1.8% YoY
Source: XBRL data from the RAMBUS INC (RMBS) Q1 2026 10-Q on SEC EDGAR. USD.
RAMBUS INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q1 revenue $180.2M, up 8.1% YoY from $166.7M
- Operating margin 34.3% vs 37.9% YoY; net margin 33.2% vs 36.2%
- Best line: contract and other revenue $22.6M, up 37.6%; worst: royalties $69.6M, down 5.9%
- Operating cash flow $83.2M vs $77.4M; total cash and securities $786.1M vs $761.8M
- Near-term headwinds: royalties variability, tariffs, global inflation, supply-chain disruption and economic volatility
Risk Factors
- Newly expanded AI-demand risk, triggered by rapid AI infrastructure growth and uncertain customer adoption
- Revenue concentration, with top five customers representing 70% of three-month revenue versus 71% prior year
- Regulatory exposure from government restrictions covering encryption, privacy, consumer protection, export controls, and national security
- Operational risk from third-party manufacturing and supply-chain capacity changes caused by geopolitical or industry pressures
- Inventory risk from forecasting AI-driven demand, potentially causing excess inventory, write-downs, or insufficient supply
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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