Search/
Company exports
CSV downloadsPro company pages include CSV downloads for statements, ratios, chart data, and transcript indexes.
Fabless·RMBS
Rambus Inc.
NASDAQ · US
Memory interface chip and IP supplier.
AI relevance
Memory interface layer for data center platforms.
Price
$85.73
Change
-7.07 (-7.62%)
Market cap
$9.3B
52w range
$78–$174
Exchange
NASDAQ
Country
US
Jason's Chips
Subscribe or sign in with your Substack email for charts, exports, estimates, transcripts, filings, earnings, and news.
Price chart
RMBS market performance
Daily close for Rambus Inc.
- Latest close
- $85.73
- Range move
- -$8.72 (-9.2%)
- Range high
- $170.7
- Range low
- $79.73
- Latest volume
- 2.0M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
77 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus16 ratings
Strong buy
0
Buy
12
Hold
4
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $828.9M | $811.1M - $875.9M | $3.04 | $2.95 - $3.26 | $412.5M | $371.3M | $333.2M | $129.4M | 5 rev / 4 EPS |
| 2027-12-31 | $997.7M | $976.3M - $1.05B | $3.77 | $3.66 - $4.04 | $502.2M | $460.0M | $413.0M | $155.8M | 5 rev / 5 EPS |
| 2028-12-31 | $1.24B | $1.23B - $1.28B | $4.79 | $3.68 - $7.81 | $636.2M | $591.0M | $531.0M | $194.3M | 5 rev / 5 EPS |
| 2029-12-31 | $1.33B | $1.30B - $1.40B | $4.83 | $4.70 - $5.19 | $638.2M | $589.8M | $530.0M | $207.3M | 2 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $227.0M | $224.6M - $228.6M | $0.84 | $0.83 - $0.85 | $114.5M | $103.3M | $92.7M | $35.4M | 3 rev / 3 EPS |
| 2027-03-30 | $229.7M | $227.3M - $231.3M | $0.85 | $0.84 - $0.85 | $114.8M | $103.6M | $93.0M | $35.9M | 1 rev / 1 EPS |
| 2027-06-30 | $245.8M | $243.2M - $247.5M | $0.92 | $0.91 - $0.93 | $124.1M | $112.9M | $101.4M | $38.4M | 1 rev / 1 EPS |
| 2027-09-30 | $259.3M | $256.6M - $261.1M | $0.99 | $0.98 - $1.00 | $132.7M | $121.4M | $109.1M | $40.5M | 1 rev / 1 EPS |
| 2027-12-30 | $271.3M | $268.4M - $273.2M | $1.05 | $1.04 - $1.06 | $140.1M | $128.8M | $115.7M | $42.4M | 1 rev / 1 EPS |
| 2028-03-30 | $286.1M | $283.0M - $288.1M | $1.07 | $1.06 - $1.08 | $142.3M | $130.8M | $117.6M | $44.7M | 1 rev / 2 EPS |
| 2028-06-30 | $312.1M | $308.8M - $314.3M | $1.20 | $1.18 - $1.21 | $157.7M | $146.1M | $131.4M | $48.7M | 1 rev / 2 EPS |
| 2028-09-30 | $341.7M | $338.1M - $344.2M | $1.32 | $1.30 - $1.33 | $172.8M | $161.0M | $144.7M | $53.4M | 1 rev / 2 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 0 | $0.00 |
| Last quarter | 1 | $165.00 |
| Last year | 8 | $137.13 |
| All time | 22 | $95.77 |
Sources: StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-07-28 | Rosenblatt | Maintain | Buy | Buy |
| 2026-07-28 | Evercore ISI Group | Maintain | Outperform | Outperform |
| 2026-04-28 | Evercore ISI Group | Maintain | Outperform | Outperform |
| 2026-04-28 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-04-28 | Rosenblatt | Maintain | Buy | Buy |
| 2026-04-28 | Baird | Downgrade | Outperform | Neutral |
| 2026-04-28 | Jefferies | Maintain | Buy | Buy |
| 2025-04-29 | Rosenblatt | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 0 | 6 | 2 | 0 | 0 |
| 2026-09-01 | 0 | 7 | 2 | 0 | 0 |
| 2026-08-01 | 0 | 7 | 2 | 0 | 0 |
| 2026-07-01 | 0 | 7 | 2 | 0 | 0 |
| 2026-06-01 | 0 | 7 | 2 | 0 | 0 |
| 2026-05-01 | 0 | 7 | 2 | 0 | 0 |
| 2026-04-01 | 0 | 8 | 2 | 0 | 0 |
| 2026-03-01 | 0 | 8 | 1 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $707.6M | $537.6M | 76.0% | $187.7M | $260.2M | $325.3M | $230.5M | $2.14 |
| FY 2024 | $556.6M | $419.9M | 75.4% | $162.9M | $179.0M | $244.1M | $179.8M | $1.67 |
| FY 2023 | $461.1M | $318.8M | 69.1% | $156.8M | $91.5M | $237.1M | $333.9M | $3.09 |
| FY 2022 | $454.8M | $314.0M | 69.0% | $158.8M | $80.1M | $41.2M | -$14.3M | $-0.13 |
| FY 2021 | $328.3M | $229.9M | 70.0% | $135.7M | $29.9M | $78.3M | $18.3M | $0.17 |
| FY 2020 | $246.3M | $154.7M | 62.8% | $139.8M | -$41.8M | $22.0M | -$40.5M | $-0.36 |
| FY 2019 | $224.0M | $146.4M | 65.3% | $156.8M | -$84.5M | -$36.6M | -$90.4M | $-0.81 |
| FY 2018 | $231.2M | $171.9M | 74.3% | $158.3M | -$84.8M | -$14.3M | -$158.0M | $-1.46 |
| FY 2017 | $393.1M | $307.1M | 78.1% | $149.1M | $57.0M | $109.9M | -$22.9M | $-0.17 |
| FY 2016 | $336.6M | $262.1M | 77.9% | $129.8M | $47.6M | $85.5M | $6.8M | $0.06 |
| FY 2015 | $296.3M | $248.5M | 83.9% | $111.1M | $69.3M | $110.1M | $211.4M | $1.84 |
| FY 2014 | $296.6M | $250.9M | 84.6% | $110.0M | $70.6M | $115.3M | $26.2M | $0.23 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $360.0M | $26.8M | $333.2M |
| FY 2024 | $230.6M | $30.7M | $199.9M |
| FY 2023 | $195.8M | $23.2M | $172.5M |
| FY 2022 | $230.4M | $20.5M | $209.9M |
| FY 2021 | $209.2M | $13.8M | $195.4M |
| FY 2020 | $185.5M | $29.7M | $155.7M |
| FY 2019 | $128.5M | $6.5M | $122.1M |
| FY 2018 | $87.1M | $11.1M | $76.0M |
| FY 2017 | $117.4M | $9.5M | $107.9M |
| FY 2016 | $92.5M | $8.6M | $84.0M |
| FY 2015 | $76.4M | $6.1M | $70.3M |
| FY 2014 | $76.9M | $7.2M | $69.7M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $761.8M | $162.7M | $44.1M | $130.2M | $1.53B | $43.7M | -$139.2M | $165.1M | $1.36B |
| FY 2024 | $481.8M | $147.9M | $44.6M | $97.0M | $1.34B | $30.2M | -$69.6M | $222.4M | $1.12B |
| FY 2023 | $425.8M | $133.8M | $36.2M | $89.3M | $1.26B | $30.7M | -$64.1M | $220.1M | $1.04B |
| FY 2022 | $313.2M | $181.1M | $20.9M | $110.4M | $1.01B | $44.5M | -$80.9M | $233.3M | $779.3M |
| FY 2021 | $485.6M | $179.7M | $8.5M | $79.7M | $1.23B | $198.8M | $90.9M | $370.3M | $862.4M |
| FY 2020 | $502.6M | $166.7M | $14.5M | $86.4M | $1.25B | $195.1M | $66.1M | $338.7M | $912.7M |
| FY 2019 | $407.7M | $228.4M | $10.1M | $82.6M | $1.34B | $195.0M | $92.9M | $368.1M | $975.4M |
| FY 2018 | $277.8M | $227.5M | $6.8M | $57.0M | $1.36B | $178.2M | $62.3M | $349.0M | $1.01B |
| FY 2017 | $329.4M | $25.9M | $5.2M | $54.3M | $891.1M | $251.2M | $25.3M | $319.7M | $571.6M |
| FY 2016 | $172.2M | $21.1M | $5.6M | $58.4M | $783.5M | $164.2M | $28.9M | $230.7M | $552.8M |
| FY 2015 | $287.7M | $16.4M | $1.1M | $56.6M | $718.0M | $158.0M | $14.3M | $193.0M | $526.5M |
| FY 2014 | $300.1M | $6.0M | $0 | $64.0M | $588.3M | $154.2M | $26,000 | $196.7M | $391.6M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 76.0% | 36.8% | 32.6% | 8.2x | 7.8x | 16.9% | 15.0% | 13.8x | 30.0x | 3.4% | 26.5% | 101d |
| FY 2024 | 75.4% | 32.2% | 32.3% | 8.4x | 7.9x | 16.0% | 12.7% | 10.1x | 23.0x | 3.5% | 29.3% | 167d |
| FY 2023 | 69.1% | 19.8% | 72.4% | 7.1x | 6.7x | 32.2% | 7.8% | 15.9x | 30.9x | 2.3% | 34.0% | 152d |
| FY 2022 | 69.0% | 17.6% | -3.1% | 4.2x | 4.0x | -1.8% | 8.9% | 8.4x | 93.3x | 5.4% | 34.9% | 135d |
| FY 2021 | 70.0% | 9.1% | 5.6% | 2.6x | 2.5x | 2.1% | 2.1% | 10.2x | 42.7x | 6.0% | 41.3% | 189d |
| FY 2020 | 62.8% | -17.0% | -16.4% | 8.1x | 8.0x | -4.4% | -3.6% | 8.3x | 92.9x | 7.9% | 56.8% | 269d |
| FY 2019 | 65.3% | -37.7% | -40.4% | 7.7x | 7.6x | -9.3% | -6.7% | 7.2x | -44.3x | 8.0% | 70.0% | 375d |
| FY 2018 | 74.3% | -36.7% | -68.3% | 7.6x | 7.5x | -15.6% | -6.6% | 3.9x | -62.6x | 9.2% | 68.5% | 355d |
| FY 2017 | 78.1% | 14.5% | -5.8% | 2.8x | 2.8x | -4.0% | -3.8% | 4.0x | 14.3x | 7.0% | 37.9% | 5d |
| FY 2016 | 77.9% | 14.1% | 2.0% | 4.2x | 4.1x | 1.2% | 2.0% | 4.6x | 18.1x | 5.5% | 38.6% | 3d |
| FY 2015 | 83.9% | 23.4% | 71.3% | 11.1x | 11.1x | 40.1% | 10.0% | 4.5x | 12.2x | 5.3% | 37.5% | -3d |
| FY 2014 | 84.6% | 23.8% | 8.8% | 9.1x | 9.1x | 6.7% | 6.7% | 4.3x | 11.0x | 5.5% | 37.1% | -48d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +27.1% | +28.0% | +15.2% | +45.3% | +28.2% | +28.1% | +66.7% | +12.6% | +58.1% | -1.2% | +13.9% | +44.8% |
| FY 2024 | +20.7% | +31.7% | +3.9% | +95.7% | -46.1% | -46.0% | +15.9% | -32.1% | +13.1% | +23.5% | +6.7% | -1.8% |
| FY 2023 | +1.4% | +1.5% | -1.2% | +14.3% | +2433.4% | +2476.9% | -17.8% | -13.5% | +36.0% | +73.0% | +24.3% | -31.0% |
| FY 2022 | +38.5% | +36.6% | +17.0% | +167.3% | -178.1% | -176.5% | +7.4% | -48.5% | -35.5% | +146.4% | -17.9% | -77.6% |
| FY 2021 | +33.3% | +48.6% | -3.0% | +171.7% | +145.3% | +147.2% | +25.5% | +53.6% | -3.4% | -41.4% | -1.5% | +1.9% |
| FY 2020 | +10.0% | +5.7% | -10.8% | +50.6% | +55.2% | +55.6% | +27.6% | -359.3% | +23.3% | +43.4% | -6.9% | +0.0% |
| FY 2019 | -3.1% | -14.8% | -1.0% | +0.3% | +42.8% | +44.5% | +60.6% | +41.8% | +46.8% | +48.9% | -1.3% | +9.4% |
| FY 2018 | -41.2% | -44.0% | +6.2% | -248.8% | -590.9% | -758.8% | -29.6% | -16.9% | -15.7% | +31.3% | +52.8% | -29.0% |
| FY 2017 | +16.8% | +17.2% | +14.9% | +19.6% | -435.2% | -383.3% | +28.5% | -11.1% | +91.3% | -8.4% | +13.7% | +53.0% |
| FY 2016 | +13.6% | +5.5% | +16.9% | -31.3% | -96.8% | -96.7% | +19.4% | -39.5% | -40.2% | +421.6% | +9.1% | +3.9% |
| FY 2015 | -0.1% | -1.0% | +1.0% | -1.9% | +706.8% | +700.0% | +0.8% | +14.9% | -4.1% | 0.0% | +22.1% | +2.5% |
| FY 2014 | +9.2% | +14.1% | -6.7% | +71.2% | +177.6% | +176.7% | +67.1% | +24.9% | -22.6% | 0.0% | -17.5% | -50.8% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $707.6M
Product Revenue$347.8M · 49.1%
Royalty$279.4M · 39.5%
Contract and other Revenue$80.5M · 11.4%
Latest geography mixFY 2025 · $707.6M
KOREA, REPUBLIC OF$329.3M · 46.5%
SINGAPORE$163.8M · 23.2%
UNITED STATES$124.1M · 17.5%
Other Countries$90.5M · 12.8%
Product revenue annual
| Period | Total | Product Revenue | MID Segment | Royalty | Contract and other Revenue | RSD | Other Segments | CRD | CRI |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $707.6M | $347.8M | -- | $279.4M | $80.5M | -- | -- | -- | -- |
| FY 2024 | $556.6M | $246.8M | -- | $226.2M | $83.6M | -- | -- | -- | -- |
| FY 2023 | $461.1M | $224.6M | -- | $150.1M | $86.4M | -- | -- | -- | -- |
| FY 2022 | $454.8M | $227.1M | -- | $139.8M | $87.9M | -- | -- | -- | -- |
| FY 2021 | $328.3M | $143.9M | -- | $136.7M | $47.7M | -- | -- | -- | -- |
| FY 2020 | $242.7M | $114.0M | -- | $81.0M | $47.8M | -- | -- | -- | -- |
| FY 2019 | $224.0M | $73.0M | -- | $90.8M | $60.3M | -- | -- | -- | -- |
| FY 2018 | $231.2M | -- | $168.5M | -- | -- | $60.2M | $2.4M | -- | -- |
| FY 2017 | $393.1M | -- | $280.7M | -- | -- | $96.7M | $15.7M | -- | -- |
| FY 2016 | $336.6M | -- | $239.8M | -- | -- | $76.2M | $20.6M | -- | -- |
| FY 2015 | $296.3M | -- | $222.0M | -- | -- | -- | $23.8M | $50.5M | -- |
| FY 2014 | $296.6M | -- | $226.3M | -- | -- | -- | $20.9M | -- | $49.3M |
Geography revenue annual
| Period | Total | UNITED STATES | KOREA, REPUBLIC OF | SINGAPORE | Other Countries | Asia Other | JAPAN | Europe | TAIWAN, PROVINCE OF CHINA | TAIWAN | CANADA |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $707.6M | $124.1M | $329.3M | $163.8M | $90.5M | -- | -- | -- | -- | -- | -- |
| FY 2024 | $556.6M | $201.5M | $197.5M | $67.3M | $90.3M | -- | -- | -- | -- | -- | -- |
| FY 2023 | $461.1M | $176.8M | $152.3M | $53.3M | $78.6M | -- | -- | -- | -- | -- | -- |
| FY 2022 | $454.8M | $277.8M | $7.2M | $57.3M | -- | $54.4M | $16.5M | $6.2M | -- | $35.1M | $220,000 |
| FY 2021 | $328.3M | $211.4M | $6.0M | $39.8M | -- | $28.9M | $14.9M | $3.2M | $24.0M | -- | $119,000 |
| FY 2020 | $242.7M | $137.6M | $3.7M | $28.0M | -- | $26.2M | $16.9M | $7.4M | $21.8M | -- | $1.2M |
| FY 2019 | $224.0M | $134.5M | $3.6M | $21.8M | -- | $14.4M | $11.9M | $10.3M | $24.1M | -- | $3.6M |
| FY 2018 | $231.2M | $129.6M | $13.4M | $19.1M | -- | $3.5M | $23.2M | $15.7M | $21.7M | -- | $5.0M |
| FY 2017 | $393.1M | $165.3M | $115.8M | $22.6M | -- | $39.1M | $23.4M | $22.6M | -- | -- | $4.4M |
| FY 2016 | $336.6M | $121.2M | $129.5M | $17.9M | -- | $18.2M | $30.2M | $16.0M | -- | -- | $3.5M |
| FY 2015 | $296.3M | $118.3M | $115.5M | $16.3M | -- | $6.7M | $29.7M | $9.6M | -- | -- | $214,000 |
| FY 2014 | $296.6M | $109.1M | $107.4M | -- | -- | $21.1M | $30.5M | $21.3M | -- | -- | $7.1M |
Transcripts77 on file
Transcripts
Events
Events
Next earnings
2026-10-26EPS est $0.79
Latest news
- Rambus and ChipAgents Collaborate to Accelerate Chip Design with Agentic AI
Business Wire · 2026-10-22
- Rambus Could Be an Overlooked Winner in the AI Memory Boom
24/7 Wall Street · 2026-10-22