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Rambus Inc.

NASDAQ•RMBS
CEO: Mr. Luc Seraphin
Sector: Technology
Industry: Semiconductors
Listing Date: 1997-05-14
Rambus Inc. provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP. It also provides a portfolios of security IP solutions, including crypto cores, hardware roots of trust, high-speed protocol engines, and chip provisioning technologies; and portfolio of patents that covers memory architecture, high-speed serial links, and security products. 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.
Contact Information
4453 North First Street, Suite 100, San Jose, CA, 95134, United States
408-462-8000
www.rambus.com
Market Cap
$9.97B
P/E (TTM)
43.3
48.2
Dividend Yield
--
52W High
$135.75
52W Low
$40.12
52W Range
55%
Rank45Top 56.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$190.24M+18.09%
4-Quarter Trend

EPS

$0.59+1.72%
4-Quarter Trend

FCF

$93.30M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Revenue and Profit Growth Total revenue reached $707.6M USD, marking a 27.1% increase versus 2024; diluted EPS improved to $2.11 USD from $1.65 USD.
Record Product Revenue Performance Product revenue hit a record $347.8M USD in 2025, showing substantial 40.9% growth driven by memory interface chips.
Significant Cash Generation Net cash provided by operating activities was $360.0M USD, reflecting strong operational performance and cash conversion in 2025.
Balance Sheet Strength Increased Total cash and marketable securities grew to $761.8M USD by year-end 2025, up from $481.8M USD in 2024, bolstering liquidity.

Risk Factors

High Customer Revenue Concentration Revenue concentration remains high; top five customers accounted for 66% of 2025 total revenue, posing substantial loss risk.
R&D Investment Increased Research and development expenses increased 15.2% to $187.7M USD, driven by headcount, reflecting higher near-term operating costs.
International Revenue Exposure Significant reliance on international sales, with 82% of 2025 revenue from non-U.S. sources, subjects results to geopolitical risks.
Potential IP Litigation Costs Ongoing need to defend and enforce IP rights through litigation, which could result in costly damages or unfavorable licensing terms.

Outlook

Focus on AI Infrastructure Growth Strategy centers on maximizing product leadership in memory interface chips and Silicon IP for evolving data center and AI infrastructure.
Continued Technology Investment Expected Expect continued substantial investment in research and development initiatives to maintain product roadmap leadership and technological edge.
CFO Resignation Announced CFO Desmond Lynch resigned effective February 27, 2026; John Allen appointed Interim CFO while retaining Chief Accounting Officer role.
Patent Licensing Agreements Extended Secured and extended key patent licensing agreements, providing a strong foundation for sustained cash generation and stockholder value return.

Peer Comparison

Revenue (TTM)

AMKR stock ticker logoAMKR
$6.71B
+6.2%
OTEX stock ticker logoOTEX
$5.20B
-3.4%
AKAM stock ticker logoAKAM
$4.21B
+5.4%

Gross Margin (Latest Quarter)

PEGA stock ticker logoPEGA
79.5%
+2.0pp
RMBS stock ticker logoRMBS
78.9%
-0.9pp
OTEX stock ticker logoOTEX
74.0%
+1.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ENTG$17.65B74.96.1%46.6%
MTSI$16.69B102.712.6%27.0%
AKAM$15.43B34.09.6%60.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.5%
Moderate Growth
4Q Net Income CAGR
1.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 27, 2026
|
EPS:$0.61
|
Revenue:$179.94M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data