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Business Wire
2 days ago
- Business
- Business Wire
Rambus Reports Second Quarter 2025 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Rambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the second quarter ended June 30, 2025. GAAP revenue for the second quarter was $172.2 million, licensing billings were $66.4 million, product revenue was $81.3 million, and contract and other revenue was $22.3 million. The Company also generated $94.4 million in cash provided by operating activities in the second quarter. 'Rambus delivered a very strong Q2, with record product revenue and record cash generation reflecting the strength of our business model and execution,' said Luc Seraphin, president and chief executive officer of Rambus. 'Our chip business continues to be a key growth engine for the company. With sustained leadership in DDR5 memory interface chips and growing traction for new products, we are well positioned to capitalize on the accelerating demand for high-performance computing and AI infrastructure and drive long-term profitable growth.' _____________________ (1) Includes amortization of acquired intangible assets of approximately $0.2 million for the three months ended June 30, 2024. Expand Quarterly Financial Review - Supplemental Information (1) Three Months Ended June 30, (In millions) 2025 2024 Licensing billings (operational metric) (2) $ 66.4 $ 61.5 Product revenue (GAAP) $ 81.3 $ 56.7 Contract and other revenue (GAAP) $ 22.3 $ 19.0 Non-GAAP cost of product revenue $ 32.2 $ 22.7 Cost of contract and other revenue (GAAP) $ 0.6 $ 1.0 Non-GAAP total operating expenses $ 60.4 $ 53.4 Interest and other income (expense), net (GAAP) $ 4.8 $ 4.0 Diluted share count (GAAP) 109 109 Expand _____________________ (1) See 'Supplemental Reconciliation of GAAP to Non-GAAP Results' table included below. (2) Licensing billings is an operational metric that reflects amounts invoiced to our licensing customers during the period, as adjusted for certain differences relating to advanced payments for variable licensing agreements. Expand GAAP revenue for the quarter was $172.2 million. The Company also had licensing billings of $66.4 million, product revenue of $81.3 million, and contract and other revenue of $22.3 million. The Company had total GAAP cost of revenue of $34.8 million and operating expenses of $74.4 million. The Company also had total non-GAAP operating expenses of $93.2 million (including non-GAAP cost of revenue of $32.8 million). The Company had GAAP diluted net income per share of $0.53. The Company's basic share count was 108 million shares and its diluted share count was 109 million shares. Cash, cash equivalents, and marketable securities as of June 30, 2025 were $594.8 million, an increase of $80.4 million as compared to March 31, 2025, mainly due to $94.4 million in cash provided by operating activities, offset by $10.4 million paid for capital expenditures. 2025 Third Quarter Outlook The Company will discuss its full revenue guidance for the third quarter of 2025 during its upcoming conference call. The following table sets forth the third quarter outlook for other measures. _______________________ (1) See 'Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates' table included below. (2) Licensing billings is an operational metric that reflects amounts invoiced to our licensing customers during the period, as adjusted for certain differences relating to advanced payments for variable licensing agreements. Expand For the third quarter of 2025, the Company expects licensing billings to be between $58 million and $64 million. The Company also expects royalty revenue to be between $57 million and $63 million, product revenue to be between $87 million and $93 million, and contract and other revenue to be between $22 million and $28 million. Revenue is not without risk and achieving revenue in this range will require that the Company sign customer agreements for various product sales and solutions licensing, among other matters. The Company also expects operating costs and expenses to be between $115 million and $111 million. Additionally, the Company expects non-GAAP operating costs and expenses to be between $98 million and $94 million. These expectations also assume a tax rate of 20% and a diluted share count of 108.5 million, and exclude stock-based compensation expense of $15 million and amortization of acquired intangible assets of $2 million. Conference Call The Company's management will discuss the results of the quarter during a conference call scheduled for 2:00 p.m. PT today. The call will be audio and slides will be available online at and a replay will be available for the next week at the following numbers: (866) 813-9403 (domestic) or (+1) 929-458-6194 (international) with ID# 136025. Non-GAAP Financial Information In the commentary set forth above and in the financial statements included in this earnings release, the Company presents the cost of product revenue and operating expenses as non-GAAP financial measures. In computing each of these non-GAAP financial measures, the following items were considered as discussed below: stock-based compensation expense, acquisition-related costs and retention bonus expense, amortization of acquired intangible assets, impairment of assets, change in fair value of earn-out liability, and certain other one-time adjustments. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Management believes the non-GAAP financial measures are appropriate for both its own assessment of, and to show investors, how the Company's performance compares to other periods. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. A reconciliation from GAAP to non-GAAP results is included in the financial statements contained in this release. The Company's non-GAAP financial measures reflect adjustments based on the following items: Stock-based compensation expense. These expenses primarily relate to employee stock purchase plans, and employee non-vested equity stock and non-vested stock units. The Company excludes stock-based compensation expense from its non-GAAP measures primarily because such expenses are non-cash expenses that the Company does not believe are reflective of ongoing operating results. Additionally, given the fact that other companies may grant different amounts and types of equity awards and may use different option valuation assumptions, excluding stock-based compensation expense permits more accurate comparisons of the Company's results with peer companies. Acquisition-related costs and retention bonus expense. These expenses include all direct costs of certain acquisitions and the current periods' portion of any retention bonus expense associated with the acquisitions. The Company excludes these expenses in order to provide better comparability between periods as they are related to acquisitions and have no direct correlation to the Company's operations. Amortization of acquired intangible assets. The Company incurs expenses for the amortization of intangible assets acquired in acquisitions. The Company excludes these items because these expenses are not reflective of ongoing operating results in the period incurred. These amounts arise from the Company's prior acquisitions and have no direct correlation to the operation of the Company's core business. Impairment of assets. These charges primarily consist of non-cash charges to property and equipment assets, which are excluded because such charges are non-recurring and do not reduce the Company's liquidity. Change in fair value of earn-out liability. This change is due to adjustments to acquisition purchase consideration. The Company excludes these adjustments because such adjustments are not directly related to ongoing business results and do not reflect expected future operating expenses. Income tax adjustments. For purposes of internal forecasting, planning and analyzing future periods that assume net income from operations, the Company estimates a fixed, long-term projected tax rate of approximately 20 percent and 22 percent for 2025 and 2024, respectively, which consists of estimated U.S. federal and state tax rates, and excludes tax rates associated with certain items such as withholding tax, tax credits, deferred tax asset valuation allowance and the release of any deferred tax asset valuation allowance. Accordingly, the Company has applied these tax rates to its non-GAAP financial results for all periods in the relevant years to assist the Company's planning. On occasion in the future, there may be other items, such as significant gains or losses from contingencies, that the Company may exclude in deriving its non-GAAP financial measures if it believes that doing so is consistent with the goal of providing useful information to investors and management. About Rambus Inc. Rambus is a global semiconductor company dedicated to enabling the future of the data center and artificial intelligence ('AI') by delivering innovative memory and security solutions that address the evolving needs of the industry. As a pioneer with 35 years of advanced semiconductor design experience, Rambus is at the forefront of enabling the next era of AI-driven computing, addressing the critical challenges of accelerating and securing data movement in the data center, edge, and client markets. Rambus is a leader in high-performance memory subsystems, offering a balanced and diverse portfolio of products encompassing chips and silicon intellectual property (IP). Focusing primarily on the data center, our innovative solutions maximize performance and security in computationally intensive systems. For more information, visit Forward-Looking Statements This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, including those relating to Rambus' expectations regarding business opportunities, the Company's ability to deliver long-term, profitable growth, product and investment strategies, and the Company's outlook and financial guidance for the third quarter of 2025 and related drivers, and the Company's ability to effectively manage market challenges. Such forward-looking statements are based on current expectations, estimates and projections, management's beliefs and certain assumptions made by the Company's management. Actual results may differ materially. The Company's business generally is subject to a number of risks which are described more fully in Rambus' periodic reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Rambus Inc. Condensed Consolidated Statements of Income (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share amounts) 2025 2024 2025 2024 Revenue: Product revenue $ 81,325 $ 56,692 $ 157,634 $ 107,052 Royalties 68,607 56,380 142,582 103,856 Contract and other revenue 22,277 19,066 38,657 39,101 Total revenue 172,209 132,138 338,873 250,009 Cost of revenue: Cost of product revenue 32,418 22,779 63,001 42,827 Cost of contract and other revenue 631 1,000 1,177 1,555 Amortization of acquired intangible assets 1,721 3,052 3,434 6,108 Total cost of revenue 34,770 26,831 67,612 50,490 Gross profit 137,439 105,307 271,261 199,519 Operating expenses: Research and development 46,331 40,525 88,951 77,884 Sales, general and administrative 28,115 24,402 56,173 50,229 Amortization of acquired intangible assets — 187 — 382 Impairment of assets — 1,071 — 1,071 Change in fair value of earn-out liability — (1,200 ) — (500 ) Total operating expenses 74,446 64,985 145,124 129,066 Operating income 62,993 40,322 126,137 70,453 Interest income and other income (expense), net 5,228 4,400 10,084 8,987 Interest expense (382 ) (371 ) (759 ) (737 ) Interest and other income (expense), net 4,846 4,029 9,325 8,250 Income before income taxes 67,839 44,351 135,462 78,703 Provision for income taxes 9,904 8,295 17,224 9,749 Net income $ 57,935 $ 36,056 $ 118,238 $ 68,954 Net income per share: Basic $ 0.54 $ 0.33 $ 1.10 $ 0.64 Diluted $ 0.53 $ 0.33 $ 1.09 $ 0.63 Weighted average shares used in per share calculation Basic 107,586 107,721 107,412 107,906 Expand
Business Insider
3 days ago
- Business
- Business Insider
Ghana secures first Paris Club debt deal from France
France has signed a bilateral agreement with Ghana to provide debt relief under the country's ongoing external debt restructuring programme, marking a major milestone in Ghana's efforts to recover from unsustainable debt levels following the COVID-19 pandemic. France signed a debt relief agreement with Ghana as part of an external debt restructuring program. This makes France the first Paris Club member to formally support Ghana's financial recovery. Ghana noted economic progress, including inflation reduction, reflecting positive indicators of recovery. The agreement, signed on Friday, July 25, makes France the first Paris Club member to formally commit to debt relief for Ghana. The development follows Parliament's approval of the indicative terms presented by the Official Creditor Committee (OCC), according to Citi Newsroom. Ghana's Finance Minister, Dr. Cassiel Ato Forson, who signed on behalf of the government, described the agreement as ' the most significant milestone' and urged other Paris Club members to follow France's lead. 'We expect to complete the process as soon as possible so that Ghana can breathe again, ' he said. ' Today is a milestone, a milestone in the sense that it has taken us some time to get here. But it is the most significant one. The most significant one, which will pave the way for others to also emulate the steps taken by France in signing this bilateral agreement,' he added. Officials express optimism over broader support from global creditors The signing ceremony was attended by French Ambassador to Ghana Jules Armand Aniambossou, Paris Club Secretary-General and OCC Co-Chair William Roos, and officials from both governments. Speaking at the event and during his presentation of the 2025 Mid-Year Budget Review in Parliament, Dr. Forson noted that inflation had dropped from 54% to 13.7%, adding, 'We have gone through turbulent signs but we can see that hope is in sight.' He also expressed optimism that Ghana's recent economic progress would be recognized by other members of the Paris Club framework, expediting the country's external debt restructuring process. Ambassador Aniambossou said France's decision reflected the strong ties between the two countries. ' When your friend or family member is facing difficulties, you have to show that you are there for them and take some key actions, ' he said. Paris Club Secretary-General William Roos called for stronger collaboration among creditors. ' We have to progressively build a strong trust between France, China, the G20 and Paris Club members,' he said.
Forbes
3 days ago
- General
- Forbes
1 Couple Skill That No One Teaches You — By A Psychologist
Love isn't about holding each other still. It's about holding each other steady through change. ... More Here's how you can grow together through every phase. When we think of healthy relationship skills, we tend to focus on the usual suspects: communication, conflict resolution, trust, emotional intimacy. But there's one less known, foundational skill that rarely gets talked about — one that often determines whether a relationship deepens over the years or slowly drifts. This is the ability to witness your partner's growth without fear. It sounds simple. But in long-term relationships, it can be one of the most emotionally complex experiences. Growth often brings change, and change can feel like a threat, especially if it shifts the roles or rhythms you've both come to rely on. Interestingly, a study published in Marriage and Family Review focusing on what makes certain marriages empowering and growth-oriented found that the most resilient couples weren't just good at problem-solving; they were deeply invested in each other's personal evolution. These couples had what the authors called 'empowering connections,' marked by emotional attunement, respect for each other and the active encouragement of individual expansion. In other words, the strongest partnerships welcome growth. But many couples get blindsided by even the tiniest shifts. When one partner begins to stretch out of the set norm, the other starts to panic, withdraw or try to contain it. This is a result of not knowing how to hold that growth safely. Why Your Partner's Growth Can Feel Threatening Here are three reasons why a partner's growth can feel threatening, even if you wish to support them. 1. It disrupts the 'agreement' you didn't know you made. Most couples operate on unspoken understandings about who they are as a unit, how they do things and what they believe in together. These shared assumptions create a sense of stability, even if they're never explicitly discussed. But when one partner begins to change, perhaps by becoming more self-aware and questioning long-held routines that are no longer serving them, it can unsettle that emotional equilibrium. According to research on Western coupledom, this reaction isn't just a matter of emotions. It's also cultural. For decades, mainstream psychological theories have idealized stability as the hallmark of a healthy relationship. Commitment, monogamy and trust have often been framed as mechanisms to preserve sameness and predictability — promising a kind of order that keeps chaos at bay. So when a shift happens, even one rooted in growth, it can feel threatening. This isn't necessarily because a partner sees it as harmful, but because it challenges the invisible structure many relationships were unconsciously built on. This disruption, though uncomfortable, can also be an invitation: to reexamine outdated 'agreements,' renegotiate shared meaning and open up to a more dynamic, evolving way of loving. 2. It stirs up your own insecurities. When your partner starts evolving, it can feel inspiring. But if you're in a place where you feel stuck or unsure about your own direction, it can also inadvertently activate a sense of threat. A 2017 study published in Personality and Social Psychology Bulletin helps us understand this more clearly. When people have low self-concept clarity, meaning they're not fully sure who they are or what they want, they tend to resist their partner's self-change. This is because their partner's growth highlights their own lack of movement. The researchers found that at a deeper level, this resistance often stems from a fear that your partner's growth will require you to change too. This can feel particularly overwhelming if your identity already feels unstable. So, if you've ever felt insecure watching your partner grow, it doesn't necessarily mean you're selfish or small-minded. It just means you're human. Growth, after all, doesn't just shine a light on what's changing. It also casts shadows on what's not. And it requires a lot of compassion — toward yourself and your partner — to let it in. 3. It awakens the fear of growing apart. When your partner begins to change, they're likely setting new goals, shedding old habits or becoming more of who they want to be. This can make you question: 'Will we still connect in the same way?' 'Will they still need me?' 'What if they're becoming someone I don't fully recognize, or someone I can't keep up with?' A 2014 study on relational self-change gives this fear a structure. It shows that relationships don't just respond to personal change, but also create it. Partners shape each other's identities in four distinct ways: Why does this matter? Because when one partner starts growing in ways that feel expansive or self-improving, the other might fear being left behind emotionally, as well as existentially. This can make you question the direction you thought your relationship was taking. The study confirms that these shifts in self-perception do affect the relationship. Positive growth processes (like expansion and pruning) predict stronger connection and commitment, while negative ones (like contraction or adulteration) are linked to withdrawal, resentment or even thoughts of ending the relationship. So, when growth feels like a threat, it's often because we sense the deeper truth that our identities are changing, and that the relationship might have to change with them. 5 Ways To Practice The Skill Of 'Safe Witnessing' Growth doesn't have to mean separation. But it does require learning how to 'witness' your partner's evolution instead of fearing it. Here are five psychological practices to help you do just that: 1. Let go of the 'frozen snapshot' of the past. We often unconsciously hold onto a version of our partner; the one we first fell in love with, or the one we needed them to be during a difficult time. But relationships thrive when both people are allowed to evolve. Try this: In a journal, write down three ways your partner has grown in the last year. Emotionally, professionally, relationally. How has that changed your dynamic? What might they need from you now? 2. Name the fear before it becomes a reaction. When you feel uneasy about your partner's growth — say, a new friend circle, a promotion or a sudden interest in therapy — pause before you react. Instead of controlling or distancing, get curious. Say this: 'I notice I've been feeling a little left out or unsure where I fit in. Can we talk about it?' Vulnerability disarms fear. It also invites closeness, instead of creating distance. 3. Avoid scorekeeping. It's tempting to keep track of who does what and when. 'They're doing yoga now; I'm still exhausted.' 'They're going to workshops; I haven't read a book in months.' But comparison turns your partner into a competitor instead of a companion. So, reframe it: 'Their growth doesn't diminish mine. We're not on the same path, but we're still walking beside each other.' 4. Ask to be part of it. Sometimes, the fear stems from feeling excluded. Growth doesn't have to be solitary. Ask how you can support them or be included in the journey. Ask this: 'I love seeing this new side of you. How can I cheer you on? Can I come to your next reading, or listen to what you're learning?' 5. Reflect on your own growth. Relationships feel safer when both people are growing in ways that feel meaningful. You don't need to match your partner's pace, but you do need to be tuned in to your own development. Ask yourself this: What's something small you've done in the last three months that makes you feel proud, curious or more you? Growth doesn't have to be dramatic or monumental. Even a small shift in how you respond to conflict or how you speak to yourself counts. Your relationship will face many seasons, some in which you're growing at the same time, and some where one of you takes the lead. The goal isn't to grow in sync. The goal is to stay connected while you grow. The couples that last are the ones who evolve. Are you growing with your partner, or unintentionally holding each other back? Take the science-backed Growth Mindset Scale to find out.
Yahoo
5 days ago
- Business
- Yahoo
LegalOn secures $50m to expand AI
AI contract review tool provider LegalOn Technologies has secured $50m in a Series E funding round, increasing its total capital raised to $200m. The round was led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investor World Innovation Lab. New investors in this round included Mori Hamada, Mizuho Bank, and Shoko Chukin. The funding will be utilised to enhance LegalOn's AI product development and market strategies. It will particularly focus on the US and the UK, where the company has recorded significant growth over the past year. LegalOn's AI-driven contract review tool, Review, aims to address inefficiencies in the contracting process by identifying risks and suggesting revisions based on attorney-developed playbooks and each organisation's legal standards. This tool reportedly reduces contract review time by up to 85%. LegalOn claims that its software is currently used by 7,000 organisations, marking a 40% increase from the previous year. In Japan, the company continues to extend its market leadership, serving 25% of the nation's public companies and 87% of its Fortune 500, including 40 global Fortune 500 firms. LegalOn Global CEO Daniel Lewis said: 'Legal teams are buried in time-consuming work that slows them and their businesses down. This funding helps us build and scale AI that eliminates tedious contracting work, streamlining workflows and freeing people to think, decide and lead." Recently, LegalOn announced enhancements to its legal AI tools and expansion into matter management. The company plans to release new AI agents and products this year to help legal teams manage work from request to resolution. In addition, LegalOn has formed a strategic collaboration with ChatGPT maker OpenAI. The partnership aims to transform corporate legal workflows by integrating OpenAI's ChatGPT Enterprise and API with LegalOn's legal domain expertise and proprietary data. This collaboration grants LegalOn access to OpenAI's advanced models, facilitating faster product development. Engineers from both companies are working together to develop advanced legal AI agents, designed to be more adaptable and intuitive, addressing the complex needs of legal teams worldwide. "LegalOn secures $50m to expand AI" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
News18
5 days ago
- Business
- News18
UPPSC RO-ARO Recruitment: Rs 1.5 Lakh Salary, DA, HRA, Fast Promotions And More
Last Updated: RO and ARO posts are filled through UPPSC and are esteemed govt roles in departments like the Secretariat, Revenue Board, and Public Service Commission The UPPSC RO-ARO recruitment process is currently underway in Uttar Pradesh, generating significant interest. Nearly 10 lakh candidates have applied for these positions, with the preliminary exam scheduled for July 27, 2025. If you are an aspirant or simply curious, here are answers to some common questions about the roles of Review Officer (RO) and Assistant Review Officer (ARO). The Review Officer (RO) and Assistant Review Officer (ARO) posts are filled through the Uttar Pradesh Public Service Commission (UPPSC). These esteemed government positions are in various state departments such as the Secretariat, Revenue Board, and Public Service Commission. The selection process involves three stages: Prelims, Mains, and a Typing Test. RO and ARO officers play a vital role in administrative tasks, helping the state government function smoothly. Salary According to the 7th Pay Commission, the salary for Assistant Review Officer (ARO) falls under Pay Level 7, ranging from Rs 44,900 to Rs 1,42,400 per month. The Review Officer (RO), placed under Pay Level 8, earns between Rs 47,600 and Rs 1,51,100 per month. After five to six years of service, salaries increase with senior scale benefits. Is the RO a Gazetted Officer? The Review Officer (RO) is a Class 2 gazetted officer, meaning they hold authority to sign government documents and enjoy a higher position in the administrative hierarchy. The Assistant Review Officer (ARO) is a Class 3 non-gazetted officer. Being a gazetted officer brings advantages in promotions, responsibilities, and career advancement. ROs and AROs are essential to the UP government's internal functioning. Their responsibilities include: While the RO handles review and decision-making tasks, the ARO provides clerical and administrative support, including data entry and documentation. Career Growth and Promotion One of the biggest attractions of these posts is the potential for career progression. An RO can rise through the ranks and reach the post of Deputy Secretary with experience and performance. With job security, attractive pay, and promotional opportunities, these roles offer a stable and rewarding career path in government service. With the UPPSC RO-ARO Prelims scheduled for July 27 2025, now is the time to intensify your preparation. For more information, aspirants can visit the official website. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
