Senior Vice President of Finance & Chief Financial Officer, Rambus
Search every verified Desmond Lynch interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Desmond Lynch, Senior Vice President of Finance and Chief Financial Officer at Rambus, presented the company's third quarter fiscal year 2024 financial results on an earnings call in October 2024. He reported revenue of $145.5 million, with product revenue of $66.4 million, which he described as up 177% sequentially and 27% year-over-year, driven by continued strength in DDR5. Lynch stated that the company ended the quarter with $432.9 million in cash, cash equivalents, and marketable securities, and delivered $48.6 million in free cash flow. He provided guidance for the fourth quarter, projecting revenue between $154 and $160 million and non-GAAP earnings per share between $0.52 and $0.59. Separately, in May 2025, Lynch released a director's commentary for his short film "Showtime," in which he discussed the production process. He described the exterior shoots as stressful due to a lack of budget, noting that the crew could not close off streets and had to cut takes for safety. Lynch stated that the film is "based on a true story" and described it as "very bleak, very sad, but also unfortunately true," addressing themes of people "dealing with all the nonsense" they have to endure to get by. He also mentioned plans for future projects, including a short film titled "God's Country" and a feature film in development.
“The exteriors for me personally were the more stressful aspect of the filmmaking experience — we just didn't have any money so we couldn't, like, close off the streets or make sure people didn't come out of their houses, so it was chaotic and annoying.”
“Sound design was one of the big creative challenges for this film: I initially wanted to remove all sound effects and have almost a silent performance, but our dialogue editor pushed back, saying it would feel like recording in a vacuum.”
“I always liked the bottle opening of the fridge because it shows a lot of character about Camila and who she is.”
“I was always stressing to my editor Mercer that I wanted to cut on movement because it adds energy to a static scene — even small head movements or the movement of a bottle can make the visuals much more compelling.”
“Sean Conville was the one and only choice for Kenny — he just works on so many levels and has the right voice and presence for the role.”
“The final scene was difficult — it was our second day and we did 14 takes of the one master dynamic shot because it had to be right, and on take 14 Anna finally knocked it out of the park.”
“Showtime is very bleak, very sad, but also unfortunately true — it's a film about living in this day and age and dealing with all the nonsense people have to put up with to get by.”
“We rehearsed a lot in pre-production over Zoom — she's in Wexford, I'm in Belfast — so we pretty much rehearsed almost all the dialogue remotely before shooting.”
“Thank you operator and welcome to the Rambus third quarter 2024 results conference call. I am Desmond Lynch, Chief Financial Officer at Rambus.”
“We are pleased with our strong Q3 financial results — our team delivered double digit product revenue growth with strong cash generation in the quarter. Our profitable results and outstanding cash generation allow us to continue to strategically invest in our product roadmap and return capital to our shareholders throu...”
“Revenue for the third quarter was $145.5 million, royalty revenue was $64.1 million and licensing billings were $65.4 million. Product revenue was $66.4 million, up 177% sequentially and up 27% year‑over‑year driven by continued strength in DDR5.”
“We ended the quarter with cash, cash equivalents and marketable securities totaling $432.9 million. Our strong cash from operations of $62.1 million was offset by stock repurchases and capital expenditures — we repurchased $50 million of stock which retired approximately 1.2 million shares.”
“We delivered $48.6 million of free cash flow in the quarter.”
“Under ASC 606 we expect revenue in the fourth quarter to be between $154 and $160 million. We expect royalty revenue to be between $54 and $60 million and licensing billings between $57 and $63 million.”
“For Q4 we expect non‑GAAP operating results to be between a profit of $68 and $78 million, non‑GAAP tax expense to be between $16 and $18 million, and we expect Q4 share count to be approximately 108 million diluted shares outstanding with non‑GAAP EPS in a range between $0.52 and $0.59.”
This is the conclusion of my behind the scenes series on the production of my short film; SHOWTIME. This is the directors ...
10/28/2024 Q&A: 18:21 Rambus Inc. provides semiconductor products in the United States, South Korea, Singapore, and ...
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