Filing Flows › Rambus (RMBS) › Q3 2026 › vs Q3 2025
Rambus (RMBS) Q3 2026 vs Q3 2025 (year over year)
Rambus's revenue rose $39.8M (+22%) from $179M in Q3 2025 to $218M in Q3 2026. The biggest changes: Product Revenue +$21.0M (+22%); Royalty +$11.8M (+18%); Contractandother Revenue +$7.0M (+35%). Gross margin 78.3% against 79.5% (-1.2 pts).
Rambus, Q3 2026: revenue $218M (+22% year over year), operating margin 38.3%, net earnings $74.6M, operating cash flow $102M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 78.3% | 79.5% | -1.2 pts |
| Operating margin | 38.3% | 35.4% | +2.9 pts |
| Net margin | 34.2% | 27.1% | +7.1 pts |
| Free cash flow margin | 43.9% | 46.2% | -2.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Product Revenue | $114M | $93.3M | $21.0M | +22% |
| Royalty | $77.0M | $65.1M | $11.8M | +18% |
| Contractandother Revenue | $27.0M | $20.1M | $7.0M | +35% |
| Revenue | $218M | $179M | $39.8M | +22% |
| Gross profit | $171M | $142M | $29.0M | +20% |
| Cost of revenue | $47.4M | $36.6M | $10.8M | +29% |
| Other income, net | $6.9M | $6.0M | $850K | +14% |
| Operating profit | $83.7M | $63.3M | $20.4M | +32% |
| Operating expenses | $87.3M | $78.7M | $8.6M | +11% |
| Pre-tax earnings | $90.5M | $69.3M | $21.2M | +31% |
| Research & development | $49.4M | $49.5M | −$156K | -0.3% |
| SG&A | $37.7M | $29.2M | $8.5M | +29% |
| Net earnings | $74.6M | $48.4M | $26.2M | +54% |
| Income tax | $16.0M | $20.9M | −$4.9M | -24% |
| Depreciation & amortization | $3.0M | $3.0M | $14K | +0.5% |
| Share-based compensation | $17.1M | $14.2M | $2.9M | +21% |
| Working capital & other | $7.7M | $22.8M | −$15.1M | -66% |
| Operating cash flow | $102M | $88.4M | $14.1M | +16% |
| Free cash flow (OCF − capex) | $95.9M | $82.5M | $13.4M | +16% |
| Capital expenditures | $6.6M | $5.9M | $655K | +11% |
Questions
How much did Rambus's revenue grow year over year in Q3 2026?
Rambus's revenue rose $39.8M (+22%) from $179M in Q3 2025 to $218M in Q3 2026.
What drove Rambus's revenue change in Q3 2026?
Product Revenue +$21.0M (+22%); Royalty +$11.8M (+18%); Contractandother Revenue +$7.0M (+35%).