(RMBS) Rambus - NASDAQ

Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 15.266m USD | Total Return: 113.7% in 12m

Memory Interface Chips, Silicon IP, Security IP, Patents
Total Rating 58
Safety 79
Buy Signal -0.97
Semiconductors
Industry Rotation: -25.8
Market Cap: 15.3B
Avg Turnover: 398M
Risk 3d forecast
Volatility90.3%
VaR 5th Pctl14.2%
VaR vs Median-5.53%
Reward TTM
Sharpe Ratio1.32
Rel. Str. IBD87.8
Rel. Str. Peer Group33.6
Character TTM
Beta2.813
Beta Downside2.903
Hurst Exponent0.464
Drawdowns 3y
Max DD48.83%
CAGR/Max DD0.60
CAGR/Mean DD1.59
EPS (Earnings per Share) EPS (Earnings per Share) of RMBS over the last years for every Quarter: "2021-06": 0.1, "2021-09": 0.03, "2021-12": 0.0531, "2022-03": -0.6, "2022-06": 0.31, "2022-09": 0.01, "2022-12": 0.15, "2023-03": 0.03, "2023-06": 1.51, "2023-09": 0.93, "2023-12": 0.42, "2024-03": 0.39, "2024-06": 0.46, "2024-09": 0.66, "2024-12": 0.59, "2025-03": 0.59, "2025-06": 0.6, "2025-09": 0.58, "2025-12": 0.68, "2026-03": 0.63,
EPS CAGR: 1.35%
EPS Trend: 7.0%
Last SUE: -0.16
Qual. Beats: 0
Revenue Revenue of RMBS over the last years for every Quarter: 2021-06: 84.859, 2021-09: 81.282, 2021-12: 91.781, 2022-03: 99.05, 2022-06: 121.132, 2022-09: 112.244, 2022-12: 122.367, 2023-03: 113.762, 2023-06: 119.832, 2023-09: 105.298, 2023-12: 122.225, 2024-03: 117.871, 2024-06: 132.138, 2024-09: 145.513, 2024-12: 161.102, 2025-03: 166.664, 2025-06: 172.209, 2025-09: 178.513, 2025-12: 190.244, 2026-03: 180.189,
Rev. CAGR: 21.17%
Rev. Trend: 96.4%
Last SUE: 0.03
Qual. Beats: 0

Warnings

Choppy Below Avwap Earnings

Tailwinds

No distinct edge detected

Description: RMBS Rambus

Rambus Inc. (NASDAQ: RMBS) is a U.S.-headquartered semiconductor company founded in 1990 and based in San Jose, California, operating within the Information Technology sector. The company generates revenue from two primary lines: the sale of memory interface chips (most notably DDR5 and DDR4 components such as registering clock drivers, data buffers, and power management ICs) and the licensing of silicon intellectual property covering high-speed interface and security solutions. It also monetizes a historical portfolio of patents covering memory architecture, high-speed serial links, and security technology.

Rambus sells to memory module manufacturers, OEMs, hyperscalers, and chip makers, using both a direct sales force and third-party distributors across the United States, South Korea, Singapore, and other international markets. Within the broader semiconductor industry, Rambus occupies a niche as a fabless supplier of interface and security silicon IP rather than a competing manufacturer of memory or logic devices, a business model that allows it to capture royalty and per-chip licensing revenue tied to the adoption of advanced memory standards like DDR5 in data center, AI, and automotive applications.

Headlines to Watch Out For
  • DDR5 memory interface chip revenue ramps on hyperscaler demand
  • Silicon IP licensing expands with AI data center adoption
  • Patent royalty stream pressured by memory maker renegotiations
Piotroski VR-10 (Strict) 6.5
Net Income: 230.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.22 > 0.02 and ΔFCF/TA 4.95 > 1.0
NWC/Revenue: 124.5% < 20% (prev 107.1%; Δ 17.40% < -1%)
CFO/TA 0.24 > 3% & CFO 365.8m > Net Income 230.0m
Net Debt (-762.7m) to EBITDA (318.1m): -2.40 < 3
Current Ratio: 9.82 > 1.5 & < 3
Outstanding Shares: last quarter (109.7m) vs 12m ago 1.00% < -2%
Gross Margin: 77.03% > 18% (prev 75.87%; Δ 1.16% > 0.5%)
Asset Turnover: 49.52% > 50% (prev 43.89%; Δ 5.63% > 0%)
Interest Coverage Ratio: 222.9 > 6 (EBIT TTM 284.2m / Interest Expense TTM 1.27m)
Altman Z'' 10.00
A: 0.59 (Total Current Assets 999.9m - Total Current Liabilities 101.8m) / Total Assets 1.53b
B: 0.09 (Retained Earnings 136.7m / Total Assets 1.53b)
C: 0.20 (EBIT TTM 284.2m / Avg Total Assets 1.46b)
D: 9.96 (Book Value of Equity 1.39b / Total Liabilities 139.9m)
Altman-Z'' = 15.90 = AAA
Beneish M -3.28
DSRI: 0.79 (Receivables 134.2m/142.8m, Revenue 721.2m/605.4m)
GMI: 0.98 (GM 75.87% / 77.03%)
AQI: 0.68 (AQ_t 0.27 / AQ_t-1 0.40)
SGI: 1.19 (Revenue 721.2m / 605.4m)
TATA: -0.09 (NI 230.0m - CFO 365.8m) / TA 1.53b)
Beneish M = -3.28 (Cap -4..+1) = AA
What is the price of RMBS shares?

As of June 24, 2026, the stock is trading at USD 128.21 with a total of 3,653,076 shares traded. Over the past week, the price has changed by -10.52%, over one month by -18.46%, over three months by +37.34% and over the past year by +113.68%.

Current recommended Stop Loss: 104.40 (which is 18.6% or 1.9 ATR below the current price).

Is RMBS a buy, sell or hold?

Rambus has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy RMBS.

  • StrongBuy: 7
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the RMBS price?
Analysts Target Price 144.6 12.8%
Rambus (RMBS) - Fundamental Data Overview as of 23 June 2026
Market Cap USD = 15.3b (15.3b USD * 1.0 USD.USD)
P/E Trailing = 67.2238
P/E Forward = 24.1546
P/S = 21.1684
P/B = 10.9461
P/EG = 3.8007
Revenue TTM = 721.2m USD
EBIT TTM = 284.2m USD
EBITDA TTM = 318.1m USD
Long Term Debt = 17.0m USD (estimated: total debt 23.4m - short term 6.36m)
Short Term Debt = 6.36m USD (from shortTermDebt, last quarter)
Debt = 23.4m USD (from shortLongTermDebtTotal, last quarter) (leases 23.4m already included)
Net Debt = -762.7m USD (calculated: Debt 23.4m - CCE 786.1m)
Enterprise Value = 14.5b USD (15.3b + Debt 23.4m - CCE 786.1m)
Interest Coverage Ratio = 222.9 (Ebit TTM 284.2m / Interest Expense TTM 1.27m)
EV/FCF = 43.27x (Enterprise Value 14.5b / FCF TTM 335.2m)
FCF Yield = 2.31% (FCF TTM 335.2m / Enterprise Value 14.5b)
FCF Margin = 46.48% (FCF TTM 335.2m / Revenue TTM 721.2m)
Net Margin = 31.89% (Net Income TTM 230.0m / Revenue TTM 721.2m)
Gross Margin = 77.03% ((Revenue TTM 721.2m - Cost of Revenue TTM 165.6m) / Revenue TTM)
Gross Margin QoQ = 79.73% (prev 78.86%)
Tobins Q-Ratio = 9.46 (Enterprise Value 14.5b / Total Assets 1.53b)
Interest Expense / Debt = 5.45% (Interest Expense 1.27m / Debt 23.4m)
Taxrate = 18.71% (53.0m / 283.0m)
NOPAT = 231.0m (EBIT 284.2m * (1 - 18.71%))
Current Ratio = 9.82 (Total Current Assets 999.9m / Total Current Liabilities 101.8m)
Debt / Equity = 0.02 (Debt 23.4m / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = -2.40 (Net Debt -762.7m / EBITDA 318.1m)
Debt / FCF = -2.28 (Net Debt -762.7m / FCF TTM 335.2m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.79% (Net Income 230.0m / Total Assets 1.53b)
RoE = 17.44% (Net Income TTM 230.0m / Total Stockholder Equity 1.32b)
RoCE = 21.28% (EBIT 284.2m / Capital Employed (Equity 1.32b + L.T.Debt 17.0m))
RoIC = 16.48% (NOPAT 231.0m / Invested Capital 1.40b)
WACC = 15.86% (E(15.3b)/V(15.3b) * Re(15.88%) + D(23.4m)/V(15.3b) * Rd(5.45%) * (1-Tc(0.19)))
Discount Rate = 15.88% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -15.56 | Cagr: -0.14%
[DCF] Terminal Value 57.49% ; FCFF base≈294.5m ; Y1≈337.5m ; Y5≈496.8m
[DCF] Fair Price = 36.41 (EV 3.17b - Net Debt -762.7m = Equity 3.94b / Shares 108.1m; r=15.86% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 7.02 | EPS CAGR: 1.35% | SUE: -0.16 | # QB: 0
Revenue Correlation: 96.42 | Revenue CAGR: 21.17% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.72 | Chg30d=+0.52% | Revisions=+20% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.78 | Chg30d=+1.13% | Revisions=+20% | Analysts=7
EPS current Year (2026-12-31): EPS=2.95 | Chg30d=+0.61% | Revisions=+20% | GrowthEPS=+20.2% | GrowthRev=+16.2%
EPS next Year (2027-12-31): EPS=3.67 | Chg30d=+0.91% | Revisions=+33% | GrowthEPS=+24.3% | GrowthRev=+20.3%
[Analyst] Revisions Ratio: +33%