Filing Flows › Rambus (RMBS) › Q3 2026
Rambus (RMBS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 26, 2026
Rambus (RMBS) reported revenue of $218M for the third quarter 2026 (Q3 2026), +22% from a year earlier and +5% from the quarter before. Operating margin was 38.3%, net earnings $74.6M (34.2% of revenue).
Rambus, Q3 2026: revenue $218M (+22% year over year), operating margin 38.3%, net earnings $74.6M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | +5% | +22% |
| Gross profit | $171M | +3% | +20% |
| Operating profit | $83.7M | +15% | +32% |
| Net earnings | $74.6M | +10% | +54% |
| Operating cash flow | $102M | +67% | +16% |
| Free cash flow | $95.9M | +84% | +16% |
What changed
Revenue was $218.3M in Q3 2026, up 22% year over year and up 5% from the previous quarter. Product Revenue was the largest line at 52% of revenue. Product Revenue added $21.0M year over year (up 22%), 53% of the total change.
Gross margin was 78.3%, down 1.2 points from Q3 2025. Operating profit was $83.7M, a 38.3% margin (up 2.9 points year over year). Of the extra revenue versus Q3 2025, 51% reached operating profit, above the 35% margin then. Operating expenses grew 11% against revenue growth of 22%. The fastest-growing cost line was SG&A (+29%). Net earnings were $74.6M, up 54% year over year. The effective tax rate was 17.6%.
Operating cash flow was $102.5M (up 16% year over year), 137% of net earnings. Non-cash charges added back $3.0M of depreciation and amortization and $17.1M of share-based compensation. Working capital and other items added $7.7M. Capital expenditures of $6.6M left free cash flow of $95.9M.
Questions
What was Rambus' revenue in the third quarter 2026?
Rambus (RMBS) reported revenue of $218M for the third quarter 2026 (Q3 2026), +22% from a year earlier and +5% from the quarter before.
Was Rambus profitable in the third quarter 2026?
Operating profit was $83.7M (38.3% of revenue) and net earnings $74.6M.
Source: Rambus 10-Q on SEC EDGAR.