RMBS Stock Analysis: Rambus | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 9.463m USD | 12M Return: -4.8% | US7509171069 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 167M
EPS Trend: -23.3%
Qual. Beats: 1
Rev. Trend: 98.4%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Rambus Inc. (NASDAQ: RMBS) is a U.S.-based semiconductor company headquartered in San Jose, California, operating across the United States, South Korea, Singapore, and other international markets. The company operates in two main segments: (1) memory interface chips, including DDR5 and DDR4 products such as registering clock drivers, data buffers, power management ICs, and temperature sensors; and (2) silicon IP, offering interface and security IP solutions for AI, data center, government, and automotive applications, alongside a portfolio of patents covering memory architecture and high-speed serial links. Rambus sells to memory module manufacturers, OEMs, hyperscalers, and chip makers through a direct sales force and distributors.
The company is classified within the Information Technology sector under the Semiconductors sub-industry and has been publicly traded since its 1997 IPO. As a fabless semiconductor company, Rambus focuses on chip design and IP licensing rather than operating its own fabrication facilities, a common business model in the industry that allows it to scale R&D investment while outsourcing manufacturing to third-party foundries.
- DDR5 memory interface chip shipments accelerate with server refresh cycle
- Silicon IP revenue grows on AI data center security demand
- Patent licensing royalties face ongoing disputes and renegotiation pressure
| Net Income: 239.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 0.72 > 1.0 |
| NWC/Revenue: 129.0% < 20% (prev 110.2%; Δ 18.80% < -1%) |
| CFO/TA 0.21 > 3% & CFO 332.7m > Net Income 239.7m |
| Net Debt (-803.1m) to EBITDA (340.4m): -2.36 < 3 |
| Current Ratio: 9.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (109.9m) vs 12m ago 1.12% < -2% |
| Gross Margin: 78.27% > 18% (prev 76.02%; Δ 2.25% > 0.5%) |
| Asset Turnover: 49.11% > 50% (prev 43.98%; Δ 5.13% > 0%) |
| Interest Coverage Ratio: 247.5 > 6 (EBIT TTM 295.8m / Interest Expense TTM 1.20m) |
| A: 0.61 (Total Current Assets 1.09b - Total Current Liabilities 111.5m) / Total Assets 1.61b |
| B: 0.13 (Retained Earnings 204.3m / Total Assets 1.61b) |
| C: 0.19 (EBIT TTM 295.8m / Avg Total Assets 1.54b) |
| D: 10.07 (Book Value of Equity 1.47b / Total Liabilities 145.7m) |
| Altman-Z'' = 16.25 = AAA |
| DSRI: 1.07 (Receivables 166.9m/133.1m, Revenue 756.3m/645.5m) |
| GMI: 0.97 (GM 76.02% / 78.27%) |
| AQI: 0.64 (AQ_t 0.25 / AQ_t-1 0.38) |
| SGI: 1.17 (Revenue 756.3m / 645.5m) |
| TATA: -0.06 (NI 239.7m - CFO 332.7m) / TA 1.61b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of October 22, 2026, the stock is trading at USD 92.80 with a total of 1,607,838 shares traded. Over the past week, the price has changed by +0.75%, over one month by -4.29%, over three months by -12.28% and over the past year by -4.83%.
Current recommended Stop Loss: 85.90 (which is 7.4% or 1.2 ATR below the current price).
Rambus has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy RMBS.
- StrongBuy: 6
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 141.6 | 52.6% |
P/E Trailing = 40.0229
P/E Forward = 24.1546
P/S = 12.4746
P/B = 7.6547
P/EG = 3.8007
Revenue TTM = 756.3m USD
EBIT TTM = 295.8m USD
EBITDA TTM = 340.4m USD
Long Term Debt = 15.8m USD (estimated: total debt 21.8m - short term 6.04m)
Short Term Debt = 6.04m USD (from shortTermDebt, last quarter)
Debt = 21.8m USD (from shortLongTermDebtTotal, last quarter) (leases 21.8m already included)
Net Debt = -803.1m USD (calculated: Debt 21.8m - CCE 824.9m)
Enterprise Value = 8.66b USD (9.46b + Debt 21.8m - CCE 824.9m)
Interest Coverage Ratio = 247.5 (Ebit TTM 295.8m / Interest Expense TTM 1.20m)
EV/FCF = 28.91x (Enterprise Value 8.66b / FCF TTM 299.5m)
FCF Yield = 3.46% (FCF TTM 299.5m / Enterprise Value 8.66b)
FCF Margin = 39.60% (FCF TTM 299.5m / Revenue TTM 756.3m)
Net Margin = 31.69% (Net Income TTM 239.7m / Revenue TTM 756.3m)
Gross Margin = 78.27% ((Revenue TTM 756.3m - Cost of Revenue TTM 164.4m) / Revenue TTM)
Gross Margin QoQ = 79.76% (prev 79.73%)
Tobins Q-Ratio = 5.37 (Enterprise Value 8.66b / Total Assets 1.61b)
Interest Expense / Debt = 5.48% (Interest Expense 1.20m / Debt 21.8m)
Taxrate = 18.65% (54.9m / 294.6m)
NOPAT = 240.7m (EBIT 295.8m * (1 - 18.65%))
Current Ratio = 9.75 (Total Current Assets 1.09b / Total Current Liabilities 111.5m)
Debt / Equity = 0.01 (Debt 21.8m / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = -2.36 (Net Debt -803.1m / EBITDA 340.4m)
Debt / FCF = -2.68 (Net Debt -803.1m / FCF TTM 299.5m)
Total Stockholder Equity = 1.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.56% (Net Income 239.7m / Total Assets 1.61b)
RoE = 17.39% (Net Income TTM 239.7m / Total Stockholder Equity 1.38b)
RoCE = 21.22% (EBIT 295.8m / Capital Employed (Equity 1.38b + L.T.Debt 15.8m))
RoIC = 16.38% (NOPAT 240.7m / Invested Capital 1.47b)
WACC = 16.28% (E(9.46b)/V(9.49b) * Re(16.31%) + D(21.8m)/V(9.49b) * Rd(5.48%) * (1-Tc(0.19)))
Discount Rate = 16.31% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 29.03 | Cagr: -0.07%
[DCF] Terminal Value 56.37% ; FCFF base≈284.6m ; Y1≈324.2m ; Y5≈469.8m
[DCF] Fair Price = 34.28 (EV 2.92b - Net Debt -803.1m = Equity 3.72b / Shares 108.5m; r=16.28% [WACC]; 5y FCF grow 14.29% → 2.50% )
EPS Correlation: -23.31 | EPS CAGR: -3.51% | SUE: 1.04 | # QB: 1
Revenue Correlation: 98.36 | Revenue CAGR: 23.17% | SUE: 1.06 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.79 | Chg30d=+0.00% | Revisions=+29% | Analysts=6
EPS current Year (2026-12-31): EPS=3.04 | Chg30d=+0.06% | Revisions=+44% | GrowthEPS=+23.7% | GrowthRev=+17.4%
EPS next Year (2027-12-31): EPS=3.77 | Chg30d=+1.38% | Revisions=+38% | GrowthEPS=+24.2% | GrowthRev=+20.4%
[Analyst] Revisions Ratio: +50% (up=12, down=3)