Filing Flows › Rambus (RMBS) › Q2 2026 › vs Q1 2026
Rambus (RMBS) Q2 2026 vs Q1 2026 (quarter over quarter)
Rambus's revenue rose $27.2M (+15%) from $180M in Q1 2026 to $207M in Q2 2026. The biggest changes: Royalty +$14.6M (+21%); Product Revenue +$11.2M (+13%); Contractandother Revenue +$1.4M (+6%). Gross margin 79.8% against 79.7% (+0.0 pts).
Rambus, Q2 2026: revenue $207M (+20% year over year), operating margin 35.1%, net earnings $67.6M, operating cash flow $61.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 79.8% | 79.7% | +0.0 pts |
| Operating margin | 35.1% | 34.3% | +0.8 pts |
| Net margin | 32.6% | 33.2% | -0.6 pts |
| Free cash flow margin | 25.2% | 39.7% | -14.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product Revenue | $99.2M | $88.0M | $11.2M | +13% |
| Royalty | $84.3M | $69.6M | $14.6M | +21% |
| Contractandother Revenue | $24.0M | $22.5M | $1.4M | +6% |
| Revenue | $207M | $180M | $27.2M | +15% |
| Gross profit | $165M | $144M | $21.8M | +15% |
| Cost of revenue | $42.0M | $36.5M | $5.4M | +15% |
| Other income, net | $6.8M | $6.9M | −$114K | -2% |
| Operating profit | $72.7M | $61.8M | $11.0M | +18% |
| Operating expenses | $92.7M | $81.9M | $10.8M | +13% |
| Pre-tax earnings | $79.5M | $68.6M | $10.9M | +16% |
| Research & development | $51.1M | $50.2M | $870K | +2% |
| SG&A | $38.3M | $31.7M | $6.6M | +21% |
| Net earnings | $67.6M | $59.9M | $7.7M | +13% |
| Income tax | $11.9M | $8.8M | $3.1M | +35% |
| Depreciation & amortization | $3.0M | $3.1M | −$114K | -4% |
| Share-based compensation | $15.9M | $11.5M | $4.4M | +39% |
| Working capital & other | $25.2M | −$8.8M | $34.0M | — |
| Operating cash flow | $61.2M | $83.2M | −$22.0M | -26% |
| Free cash flow (OCF − capex) | $52.2M | $71.6M | −$19.4M | -27% |
| Capital expenditures | $9.1M | $11.6M | −$2.6M | -22% |
Questions
How much did Rambus's revenue grow quarter over quarter in Q2 2026?
Rambus's revenue rose $27.2M (+15%) from $180M in Q1 2026 to $207M in Q2 2026.
What drove Rambus's revenue change in Q2 2026?
Royalty +$14.6M (+21%); Product Revenue +$11.2M (+13%); Contractandother Revenue +$1.4M (+6%).