Filing Flows › Rambus (RMBS) › Q2 2026 › vs Q2 2025
Rambus (RMBS) Q2 2026 vs Q2 2025 (year over year)
Rambus's revenue rose $35.2M (+20%) from $172M in Q2 2025 to $207M in Q2 2026. The biggest changes: Product Revenue +$17.8M (+22%); Royalty +$15.7M (+23%); Contractandother Revenue +$1.7M (+8%). Gross margin 79.8% against 79.8% (-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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 79.8% | 79.8% | -0.0 pts |
| Operating margin | 35.1% | 36.6% | -1.5 pts |
| Net margin | 32.6% | 33.6% | -1.0 pts |
| Free cash flow margin | 25.2% | 51.0% | -25.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product Revenue | $99.2M | $81.3M | $17.8M | +22% |
| Royalty | $84.3M | $68.6M | $15.7M | +23% |
| Contractandother Revenue | $24.0M | $22.3M | $1.7M | +8% |
| Revenue | $207M | $172M | $35.2M | +20% |
| Gross profit | $165M | $137M | $28.0M | +20% |
| Cost of revenue | $42.0M | $34.8M | $7.2M | +21% |
| Other income, net | $6.8M | $4.8M | $1.9M | +39% |
| Operating profit | $72.7M | $63.0M | $9.7M | +15% |
| Operating expenses | $92.7M | $74.4M | $18.2M | +24% |
| Pre-tax earnings | $79.5M | $67.8M | $11.7M | +17% |
| Research & development | $51.1M | $46.3M | $4.8M | +10% |
| SG&A | $38.3M | $28.1M | $10.1M | +36% |
| Net earnings | $67.6M | $57.9M | $9.7M | +17% |
| Income tax | $11.9M | $9.9M | $2.0M | +20% |
| Depreciation & amortization | $3.0M | $3.0M | −$50K | -2% |
| Share-based compensation | $15.9M | $14.2M | $1.7M | +12% |
| Working capital & other | $25.2M | −$19.2M | $44.4M | — |
| Operating cash flow | $61.2M | $94.4M | −$33.1M | -35% |
| Free cash flow (OCF − capex) | $52.2M | $87.9M | −$35.7M | -41% |
| Capital expenditures | $9.1M | $6.5M | $2.6M | +39% |
Questions
How much did Rambus's revenue grow year over year in Q2 2026?
Rambus's revenue rose $35.2M (+20%) from $172M in Q2 2025 to $207M in Q2 2026.
What drove Rambus's revenue change in Q2 2026?
Product Revenue +$17.8M (+22%); Royalty +$15.7M (+23%); Contractandother Revenue +$1.7M (+8%).