24/7 Wall Street·20h ago
Rambus Has AI Tailwinds But Here's Why We Are Still NeutralFew small-cap semiconductor names have ridden the AI infrastructure wave as cleanly as Rambus (NASDAQ:RMBS | RMBS Price Prediction).
Rambus Inc.(RMBS)Earnings, Financials & Key Ratios
RMBS•NASDAQ
$105.93
50.2× P/E·Price updated Jul 7, 2026
AboutRambus Inc. provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems. It also provides a portfolio of patents that covers memory architecture, high-speed serial links, and security products. The company markets its products and services through its direct sales force and distributors. Rambus Inc. was incorporated in 1990 and is headquartered in San Jose, California.Show more
- Revenue$708M+27.1%
- EBITDA$291M+34.2%
- Net Income$230M+28.2%
- EPS (Diluted)2.11+27.9%
- Gross Margin75.97%+0.7%
- EBITDA Margin41.13%+5.6%
- Operating Margin36.77%+14.3%
- Net Margin32.57%+0.8%
- ROE18.55%+11.3%
RMBS Price & Volume
Rambus Inc. (RMBS) stock price & volume — 10-year historical chart
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Licensing Resilience Offsets Decelerating Hardware Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Cyclical semiconductor demand exposure
Key Thesis Takeaways
- Rambus maintains a robust fundamental profile anchored by high-margin intellectual property licensing, though investors should monitor the deceleration in top-line growth from 41.4% in 2025Q1 to 8.1% in 2026Q1.
- While the company successfully leverages its fortress balance sheet to navigate the transition toward data center hardware, the reliance on stock-based compensation exceeding $11 million per quarter warrants caution regarding earnings quality.
- Future performance will likely depend on the firm's ability to sustain its 79.7% gross margin profile amidst shifting product mix demands.
Verdict Logic
while the company maintains a strong liquidity position with a current ratio of 9.82, the current P/E of 54.37 appears elevated given the recent deceleration in revenue growth to 8.1%.
RMBS Growth Metrics
Rambus Inc. (RMBS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.1%
5 Years23.5%
3 Years15.88%
TTM19.12%
Profit CAGR
10 Years0.87%
5 Years-
3 Years-
TTM10.99%
EPS CAGR
10 Years1.6%
5 Years-
3 Years-
TTM9.95%
Return on Capital
10 Years5.06%
5 Years10.92%
3 Years14.38%
Last Year19.49%
RMBS Recent Earnings
Rambus Inc. (RMBS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 27, 2026Metric
Actual
Est
EPS
$0.63+3.3%
$0.61
Rev
$180M+0.1%
$180M
Q1 2026
Feb 2, 2026Metric
Actual
Est
EPS
$0.68+0.0%
$0.68
Rev
$190M+1.1%
$188M
Q4 2025
Oct 27, 2025Metric
Actual
Est
EPS
$0.63+0.0%
$0.63
Rev
$179M+1.4%
$176M
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$0.60-1.6%
$0.61
Rev
$172M-2.0%
$176M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $0.63vs $0.61+3.3% | $180Mvs $180M+0.1% |
| Q1 2026 | Feb 2, 2026 | $0.68vs $0.68+0.0% | $190Mvs $188M+1.1% |
| Q4 2025 | Oct 27, 2025 | $0.63vs $0.63+0.0% | $179Mvs $176M+1.4% |
| Q3 2025 | Jul 28, 2025 | $0.60vs $0.61-1.6% | $172Mvs $176M-2.0% |
Based on last 12 quarters of dataView full earnings history →
Latest RMBS News
Recent stock market news and headlines for Rambus Inc. (RMBS)
Business Wire·1 day ago
Rambus to Announce Second Quarter Fiscal Year 2026 ResultsSAN JOSE, Calif.--(BUSINESS WIRE)--Rambus Inc. (Nasdaq: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it will hold a conference call on Monday, July 27, 2026, at 2:00 p.m. Pacific Time to discuss its second quarter fiscal year 2026 results. This call will be webcast and can be accessed via Rambus' website at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website or for one week at the followi.
The Motley Fool·Jun 30, 2026
Is Rambus One of the Best AI Stocks to Buy Right Now?Memory chipsets are required in every AI data center, and Rambus is one of the leaders in making them. Its product segment includes memory chipsets and is the fastest-growing part of the business.
GuruFocus·Jun 23, 2026
Rambus Inc (RMBS) Stock Down 8.6% but Still Overvalued -- GF Score: 85/100On June 23, 2026, Rambus Inc (RMBS) shares fell 8.6% today, currently priced at $128.29. The stock has experienced a 52-week range between $60.96 and $174.10, h
24/7 Wall Street·Jun 22, 2026
Rambus Is Poised for a Pullback Despite Rising 42% YTDAfter a rally that has lifted Rambus (NASDAQ:RMBS | RMBS Price Prediction) 133.15% over the past year, the memory interface IP leader trades at $141.17.
Peers Comparison
Key metrics vs top competitors for Rambus Inc. (RMBS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $105.93 | $11.46B | 50.20 | 27.13% | 32.57% | 18.55% | — | |
| $66.30 | $16.01B | 21.05 | 6.63% | 12.65% | 11.62% | — | |
| $96.60 | $4.1B | 132.33 | 2.73% | 2.78% | 1.37% | — | |
| $42.76 | $1.19B | -97.18 | 2.49% | -10.47% | -3.89% | — | |
| $217.80 | $7.18B | -110.00 | 34.29% | -6.13% | -4.66% | — | |
| $592.19 | $15.63B | -344.30 | 61.16% | -6.38% | -2.15% | — |
Compare RMBS vs Peers
Rambus Inc. (RMBS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RMBS SEC Filings & Documents
Rambus Inc. (RMBS) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 27, 2026·SEC
Material company update
Apr 24, 2026·SEC
Material company update
Feb 12, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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RMBS Frequently Asked Questions
Rambus Inc. (RMBS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Rambus Inc.'s revenue?
Rambus Inc. (RMBS) reported $721.2M in revenue for fiscal year 2025. This represents a 6282% increase from $11.3M in 1996.
How fast is Rambus Inc. growing?
Rambus Inc. (RMBS) grew revenue by 27.1% over the past year. This is strong growth.
Is RMBS profitable?
Yes, Rambus Inc. (RMBS) is profitable, generating $230.0M in net income for fiscal year 2025 (32.6% net margin).
Dividend & Returns
What is RMBS's return on equity?
Rambus Inc. (RMBS) has a return on equity (ROE) of 18.5%. This is reasonable for most industries.
What is Rambus Inc.'s free cash flow?
Rambus Inc. (RMBS) generated $335.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.