Rambus Reports Q4 & FY23 Results, Q1 2024 Outlook
Ticker: RMBS · Form: 8-K · Filed: Feb 5, 2024 · CIK: 917273
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-results, outlook
TL;DR
**Rambus just dropped its Q4 and FY23 earnings, plus Q1 2024 guidance, so get ready for potential stock movement.**
AI Summary
Rambus Inc. filed an 8-K on February 5, 2024, to announce its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company also provided its financial outlook for the first quarter of 2024. This matters to investors because it provides crucial, up-to-date information on the company's financial performance and future expectations, directly impacting stock valuation and investment decisions.
Why It Matters
This filing gives investors a clear picture of Rambus's recent financial health and future projections, which are key factors in assessing the company's stock value and potential for growth.
Risk Assessment
Risk Level: medium — The risk level is medium because while financial results provide clarity, future outlooks always carry inherent uncertainties that can affect stock performance.
Analyst Insight
A smart investor would review the full earnings report and Q1 2024 guidance, which are referenced by this 8-K, to understand the specific financial performance and future expectations before making any investment decisions.
Key Players & Entities
- Rambus Inc. (company) — the registrant filing the 8-K
- February 5, 2024 (date) — date of the earliest event reported and filing date
- December 31, 2023 (date) — end of the fiscal year reported
- The NASDAQ Stock Market LLC (company) — exchange where Rambus Common Stock is registered
Forward-Looking Statements
- Rambus's stock price (RMBS) will experience volatility following the release of its Q4 and FY23 financial results and Q1 2024 outlook. (RMBS) — high confidence, target: 2024-02-06
- Analysts will update their price targets and ratings for Rambus based on the detailed financial figures provided in the full earnings report. (Rambus Inc.) — medium confidence, target: 2024-02-12
FAQ
What is the purpose of this 8-K filing by Rambus Inc.?
Rambus Inc. filed this 8-K to report its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' for the period ending February 5, 2024, specifically relating to its fourth quarter and fiscal year ended December 31, 2023, and its financial outlook for the first quarter of 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 5, 2024, which is also the date of the report.
What is the trading symbol and exchange for Rambus Inc.'s common stock?
Rambus Inc.'s Common Stock, with a $.001 Par Value, trades under the symbol RMBS on The NASDAQ Stock Market LLC (The NASDAQ Global Select Market).
What is Rambus Inc.'s state of incorporation and IRS Employer Identification Number?
Rambus Inc. is incorporated in Delaware and its I.R.S. Employer Identification No. is 94-3112828.
Is Rambus Inc. considered an emerging growth company according to this filing?
No, the filing indicates with an unchecked box that Rambus Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 529 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-02-05 16:12:05
Filing Documents
- rmbs-20240205.htm (8-K) — 29KB
- exhibit991earningsreleaseq.htm (EX-99.1) — 266KB
- rambuslogonewa01a.gif (GRAPHIC) — 8KB
- 0000917273-24-000012.txt ( ) — 480KB
- rmbs-20240205.xsd (EX-101.SCH) — 2KB
- rmbs-20240205_def.xml (EX-101.DEF) — 14KB
- rmbs-20240205_lab.xml (EX-101.LAB) — 28KB
- rmbs-20240205_pre.xml (EX-101.PRE) — 15KB
- rmbs-20240205_htm.xml (XML) — 3KB
02 – Results of Operations and Financial Condition
Item 2.02 – Results of Operations and Financial Condition. On February 5, 2024, Rambus Inc. ("Rambus," or the "Company") issued a press release announcing results for the quarter ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein. The information under Item 2.02 in this current report on Form 8-K and the related information in the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits. (d) Exhibits. 99.1 Earnings press release dated February 5, 2024 . 104 Cover Page Interactive Date File (formatted as inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 5, 2024 Rambus Inc. /s/ Desmond Lynch Desmond Lynch, Senior Vice President, Finance and Chief Financial Officer