Rambus, Inc. (RMBS)
Fair ValueFundamental
72
Price
$85.65
Market Cap
$10.04B
Part 1 · What the company is worth
Overview
Rambus Inc. manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally. It offers memory interface chips comprising DDR5 memory interface chips which include registering clock driver, multiplexed registering clock driver, multiplexed data buffer, power management integrated circuits, serial presence detect hubs, temperature sensors, and client clock driver products; and DDR4 memory interface chips. The company also provides silicon IP, such as interface and security IP solutions that move and protect data in advanced artificial intelligence, data center, government, and automotive applications; interface IP solutions for high-speed memory and chip-to-chip digital controller IP; security IP solutions, including crypto cores, hardware roots of trust, high-speed protocol engines, and chip provisioning technologies. In addition, it offers portfolio of patents that covers memory architecture, high-speed serial links, and security products. The company sells its products to memory module manufacturers, OEMs and hyperscalers, as well as to chip makers. It 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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$721M
Trailing 12 months (through 3/31/2026)
Net Income
$230M
Trailing 12 months (through 3/31/2026)
Free Cash Flow
$333M
Total Equity
$1.36B
Total Liabilities
$165M
Current Ratio
9.82
Interest Coverage
203.01
Debt/EBITDA
0.08
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$83.52
Current Price
$85.65
Margin of Safety
-2.6%
Fair Value Range
$54.29 - $112.75
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
40.79
ROE
16.9%
P/B Ratio
6.65
P/FCF
27.63
Gross Margin
79.5%
ROIC
14.3%
Profitability Radar
Value Creation (Economic Moat)
ROIC
14.3%
WACC
15.1%
ROIC − WACC
-0.8 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- Price CAGR 22.35%
- ROIC 14.3%
- Gross margin 79.5%
- P/FCF 27.63
- Debt/equity ratio
- Operating margin 35.9%
- Positive free cash flow
- CapEx intensity
- Current ratio
- Interest coverage
- Debt/EBITDA
- Return on tangible assets
- ROE 17.4%
- Revenue growth 5Y 23.5%
- Earnings quality (operating cash flow / net income) 1.59
- Share dilution 0.2%
- Piotroski F-Score 7/9
Failed (6)
- P/B ratio 6.65
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings surprise, average -0.3%
- Net margin trend 31.9% vs 34.2%
Unavailable (2)
- Dividend payout –
- PEG ratio (needs P/E > 0 and growth > 0)
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Luc Seraphin | CEO, President & Director | 61 |
| Mr. Xianzhi Fan | EVP & COO | 59 |
| Mr. John P. Shinn J.D. | Senior VP, General Counsel, Chief Compliance Officer & Secretary | 56 |
| Mr. Sumeet Gagneja | Senior VP & CFO | 55 |
| Mr. John K. Allen | VP of Accounting & Chief Accounting Officer | 61 |
| Mr. Shyam Ramachandran | Senior VP & Chief Information Officer | - |
| Mr. Kit Rodgers | Senior Vice President of Technology Partnerships & Corporate Development | - |
| Mr. Cliff Burnette | Senior VP & Chief Human Resources Officer | - |
| Dr. Simon Blake-Wilson | Senior VP & GM of Silicon IP | - |
| Mr. Jeffry Moore Ph.D. | Senior Vice President of Global Operations | - |
Audit Risk
4
Board Risk
2
Compensation Risk
1
Shareholder Rights Risk
5
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-18
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-28
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-04
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much RMBS moves, measured on its daily prices.
More volatile than 91% of the tracked stocks (90-day volatility).
- Volatility 30d
- 70.8%
- Volatility 90d
- 70.6%
- Beta vs S&P 500 (1y)
- 3.56Correlation 0.57
- Max drawdown (12m)
- -52.9%
- ATR (14d, % of price)
- 6.49%
Earnings reactions
How RMBS moved around its past quarterly results.
Next earnings release
Oct 26, 2026 · In 2 days · After the close
EPS estimate: 0.79Revenue estimate: $213M
What usually happens
- Over the last 12 releases the stock moved a median of 11.2% the next day, up or down.
- Next-day moves: up 4, down 8 (out of 12).
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026 | After the close | 0.73 | 0.77 | +5.4% | -5.5% | -9.0% | -4.4% |
| Apr 27, 2026 | After the close | 0.65 | 0.63 | -3.5% | -17.6% | -21.3% | -21.1% |
| Feb 2, 2026 | After the close | 0.69 | 0.68 | -1.4% | -4.7% | -13.4% | -2.5% |
| Oct 27, 2025 | After the close | 0.64 | 0.63 | -1.7% | -14.8% | -8.7% | -6.9% |
| Jul 28, 2025 | After the close | n/a | n/a | n/a | +5.9% | +13.9% | +17.9% |
| Apr 28, 2025 | After the close | n/a | n/a | n/a | -0.4% | -5.6% | -2.9% |
| Feb 3, 2025 | After the close | n/a | n/a | n/a | +2.6% | +6.8% | +11.3% |
| Oct 28, 2024 | After the close | n/a | n/a | n/a | -0.4% | +13.8% | +8.3% |
| Jul 29, 2024 | After the close | n/a | n/a | n/a | -5.6% | -13.0% | -26.0% |
| Apr 29, 2024 | After the close | n/a | n/a | n/a | -4.1% | -9.4% | -5.8% |
| Feb 5, 2024 | After the close | n/a | n/a | n/a | -8.5% | -19.2% | -15.1% |
| Oct 30, 2023 | After the close | n/a | n/a | n/a | +0.8% | +9.5% | +16.6% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on RMBS and what the price did next.
- 4/27/2026NegativeRambus Stock Sinks After Mixed Q1 Earnings Report
- +1 day
- -20.8%
- +3 days
- -19.0%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for RMBS.
- 4/27/2026NEGATIVERambus Stock Sinks After Mixed Q1 Earnings Report
Rambus Inc. reported mixed first-quarter results, leading to a significant drop in its stock price. While the company's revenue met analyst expectations, its earnings per share fell short, signaling potential operational challenges or higher-than-anticipated costs. Investors reacted negatively, reflecting concerns about profitability and future growth prospects. The market's response underscores the importance of earnings beats in maintaining investor confidence, especially for growth-oriented technology firms.
- 4/27/2026NEUTRALRambus Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Rambus Inc. is scheduled to report its first-quarter earnings on April 27th. Analysts are forecasting earnings per share of $0.64 and revenue of $179.94 million. Recent analyst ratings show a mixed sentiment, with Credit Suisse maintaining a Neutral stance in February and November 2022, while Rosenblatt initiated coverage with a Buy rating in October 2021. The upcoming earnings report will be crucial for investors to assess the company's performance against these expectations and analyst outlooks, potentially influencing future stock movements.