Filing Flows › Rambus (RMBS) › Q2 2026
Rambus (RMBS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Rambus (RMBS) reported revenue of $207M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +15% from the quarter before. Operating margin was 35.1%, net earnings $67.6M (32.6% of revenue).
Rambus, Q2 2026: revenue $207M (+20% year over year), operating margin 35.1%, net earnings $67.6M, operating cash flow $61.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | +15% | +20% |
| Gross profit | $165M | +15% | +20% |
| Operating profit | $72.7M | +18% | +15% |
| Net earnings | $67.6M | +13% | +17% |
| Operating cash flow | $61.2M | -26% | -35% |
| Free cash flow | $52.2M | -27% | -41% |
What changed
Revenue was $207.4M in Q2 2026, up 20% year over year and up 15% from the previous quarter. Product Revenue was the largest line at 48% of revenue. Product Revenue added $17.8M year over year (up 22%), 51% of the total change.
Gross margin was 79.8%, unchanged from Q2 2025. Operating profit was $72.7M, a 35.1% margin (down 1.5 points year over year). Of the extra revenue versus Q2 2025, 28% reached operating profit, below the 37% margin then. Operating expenses grew 24% against revenue growth of 20%. The fastest-growing cost line was SG&A (+36%). Net earnings were $67.6M, up 17% year over year. The effective tax rate was 15.0%.
Operating cash flow was $61.2M (down 35% year over year), 91% of net earnings. Non-cash charges added back $3.0M of depreciation and amortization and $15.9M of share-based compensation. Working capital and other items used $25.2M. Capital expenditures of $9.1M left free cash flow of $52.2M.
Questions
What was Rambus' revenue in the second quarter 2026?
Rambus (RMBS) reported revenue of $207M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +15% from the quarter before.
Was Rambus profitable in the second quarter 2026?
Operating profit was $72.7M (35.1% of revenue) and net earnings $67.6M.
Source: Rambus 10-Q on SEC EDGAR.