LONDON — Memory technology licensor Rambus Inc. (Los Altos, Calif.) has revised upwards a revenues guidance issued in June and now expects sales for the third quarter to be between $27 million and $28 million rather than between $22 million to $25 million.
The company also updated its forecast for operating expenses for the quarter and now anticipates these — excluding stock-based compensation expenses and any stock-based compensation restatement expenses or benefits — to come in at between $41 million and $44 million, due to a "delay in litigation-related spending and lower engineering expenses."
Rambus' previous guidance for adjusted operating expenses was $44 million to $49 million.
"Semiconductor shipments rose to meet current OEM demand, after an overcorrection earlier this year, driving an increase in our variable royalty payments and consequently higher expected revenue for the quarter," said Harold Hughes, president and chief executive officer at Rambus, in a statement.
He added the rescheduling of the price-fixing trial, combined with lower engineering spending "drove a downward revision in our anticipated operational expenses."
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