Rambus, Inc.

RMBS Technology Semiconductors

Rambus, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $707.6 million, up 27.1% from fiscal 2024. In the quarter to June 2026, revenue grew 20.4%, EPS grew 14.8% and free cash flow fell 40.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

87.25 5.62 −6.05%
Market cap
$10.1B
P/E
39.5×
Fwd P/E
58.5×
Dividend yield
—
F-score
6/9
Altman Z
37.69
Beneish M
−2.93
Dividend safety
n/a

Insider Decisions trades per month

Total sells 21.01
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 — — 1 3 3 5 3 — 1 1 1
Insider Ownership 0.91%

Capital & Financial Ratios $m

Market Cap 10,070.00
Revenue 756.33
Net Income 239.68
Free Cash Flow 299.54
Net Debt (824.95)
Current Ratio 9.75 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 39.48 (above 35: high)
Fwd P/E 58.50 (above 35: high)
P/S ratio 12.51 (above 10: high)
P/B ratio 6.45 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 21.60% (at or above 15%: strong)
Next Y EPS Growth 23.90% (at or above 15%: strong)
Next Y revenue growth 17.05% (at or above 10%: strong)
Next 5Y EPS Growth 24.26% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 51.55%
10-year low 10-year high
P/S against its own 10 years 79.51%
10-year low 10-year high
P/B against its own 10 years 82.23%
10-year low 10-year high
EV/Sales against its own 10 years 78.33%
10-year low 10-year high
EV/FCF against its own 10 years 79.21%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 426 482 762 825
Receivables 134 148 163 167
Inventory 36 45 44 75
Other — — — —
631 690 989 1,087
2023 2024 2025 Q'26
Payables 18 19 36 38
ST’ Debt — — — —
Other 27 19 26 25
89 82 121 111

Compound Annual Growth %

10y 5y 3y
Sales 9.10% 23.50% 15.88%
Cash Flow 16.64% 14.19% 16.04%
Earnings 0.87% 0.00% 0.00%
Book Value 9.99% 8.37% 20.53%

Revenue $m

Mar Jun Sep Dec Year
’26 180 207 — — —
’25 167 172 179 190 708
’24 118 132 146 161 557
’23 114 120 105 122 461
’22 99 121 112 122 455
’21 70 85 81 92 328
’20 66 62 57 62 246
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 83 61 — — —
’25 77 94 88 100 360
’24 39 70 62 59 231
’23 39 50 52 55 196
’22 43 56 80 51 230
’21 39 52 46 72 209
’20 37 62 44 42 185
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 72 52 — — —
’25 70 88 82 93 333
’24 36 59 52 52 200
’23 31 44 44 54 173
’22 38 52 74 46 210
’21 36 50 44 66 195
’20 35 51 36 33 156
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.55 0.61 — — —
’25 0.56 0.53 0.44 0.58 2.11
’24 0.30 0.33 0.45 0.58 1.65
’23 0.03 1.51 0.93 0.53 3.01
’22 (0.60) 0.31 0.01 0.14 (0.13)
’21 (0.02) 0.10 0.03 0.05 0.16
’20 (0.07) (0.09) (0.11) (0.11) (0.39)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 10.66 11.30 7.17 7.55 9.01 17.44 20.00 34.77 37.42 40.12

Analyst estimates 2026–2028

Powerpack
High 14.50 15.50 14.63 14.83 18.54 29.89 39.34 71.90 76.38 114.55
People
People Employees 540 570 560 480 623 690 765 623 712 791
Revenue/emp, $m 0.62 0.69 0.41 0.47 0.40 0.48 0.59 0.74 0.78 0.89
Income, $m
Income, $m Revenue 337 393 231 228 246 328 455 461 557 708
Gross margin, % 80.07 79.87 76.77 77.43 75.34 78.56 76.35 77.57 80.22 79.59
EBT 23 41 (71) (83) (37) 23 (8) 187 200 282
EBT margin, % 6.73 10.43 (30.55) (36.27) (14.83) 7.09 (1.72) 40.59 35.94 39.85
Net income 7 (23) (158) (86) (40) 18 (14) 334 180 230
Depreciation 68 55 40 41 48 44 47 48 43 42
Per share, $
Per share, $ Revenue 3.06 3.57 2.13 2.05 2.18 2.97 4.15 4.26 5.18 6.58
Earnings 0.06 (0.17) (1.46) (0.81) (0.39) 0.17 (0.13) 3.09 1.67 2.14
Cash flow 0.87 1.07 0.80 1.16 1.64 1.89 2.10 1.81 2.15 3.35
Capex (0.08) (0.09) (0.06) (0.06) (0.26) (0.12) (0.19) (0.21) (0.29) (0.25)
Free cash flow 0.79 0.98 0.74 1.10 1.38 1.77 1.92 1.59 1.86 3.10
Book value 5.02 5.19 9.33 8.79 8.06 7.80 7.12 9.60 10.43 12.69
Shares, m 110 110 108 111 113 111 109 108 107 108
Valuation, ×
Valuation, × P/E 202.29 0.00 0.00 0.00 0.00 172.88 0.00 21.25 31.84 42.94
P/S 4.63 4.01 3.60 6.72 8.03 9.90 8.43 15.31 10.20 13.97
P/B 2.82 2.76 0.82 1.57 2.17 3.77 4.92 6.80 5.07 7.24
EV/Sales 5.11 3.81 3.52 5.61 6.64 9.43 8.12 14.76 9.65 13.13
EV/FCF 18.89 13.79 10.15 10.46 10.51 15.84 17.59 40.14 27.27 28.15
Cash, $m
Cash, $m Operating cash flow 96 117 86 129 185 209 230 196 231 360
Capex (8) (9) (6) (6) (30) (14) (20) (23) (31) (27)
Free cash flow 87 108 80 122 156 195 210 173 200 333
Balance, $m
Balance, $m Working capital 165 239 458 578 614 417 401 542 608 868
Total debt 164 251 178 149 156 199 44 — — —
Net debt (8) (78) (100) (259) (347) (486) (313) (426) (482) (762)
Shareholders’ equity 553 572 1,012 975 913 862 779 1,038 1,121 1,364
Returns, %
Returns, % ROA 0.91 (2.73) (14.03) (6.36) (3.12) 1.48 (1.27) 29.41 13.83 16.04
ROIC 3.86 6.89 (5.96) (8.74) (4.86) 4.03 10.32 15.68 17.90 26.99
ROE 1.26 (4.07) (19.95) (8.65) (4.29) 2.07 (1.74) 36.75 16.66 18.55
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Rambus, Inc. vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LSCC Lattice Semiconductor Corporation $15.2B 399× 150× +62.20% (above 0%: growing) +600.00% (above 0%: growing) +130.47% (above 0%: growing) 70.29% 11.12% Compare
SITM SiTime Corporation $15.1B 891× 301× +126.54% (above 0%: growing) n/m +1,018.94% (above 0%: growing) 62.97% 5.22% Compare
SMTC Semtech Corporation $13.5B 82.4× 96.7× +32.72% (above 0%: growing) n/m +54.57% (above 0%: growing) 53.75% 16.31% Compare
RMBS Rambus, Inc. $10.1B 39.5× 58.5× +20.43% (above 0%: growing) +14.81% (above 0%: growing) −40.61% (below 0%: shrinking) 79.76% 35.07%
SIMO Silicon Motion Technology Corporation $7.4B 24.6× 29.6× +127.00% (above 0%: growing) +718.37% (above 0%: growing) −117.86% (below 0%: shrinking) 50.16% 22.42% Compare
SLAB Silicon Laboratories, Inc. $7.4B — (loss-making) — (loss-making) +18.33% (above 0%: growing) n/m −608.05% (below 0%: shrinking) 61.65% (4.67%) Compare
MXL MaxLinear, Inc $7.1B — (loss-making) — (loss-making) +55.17% (above 0%: growing) n/m −46.59% (below 0%: shrinking) 57.84% (2.48%) Compare
ALGM Allegro MicroSystems, Inc. $6.0B 395× 81.2× +27.45% (above 0%: growing) n/m −72.61% (below 0%: shrinking) 48.45% 9.82% Compare
PI Impinj, Inc. $5.8B — (loss-making) — (loss-making) +10.70% (above 0%: growing) 0.00% +6.83% (above 0%: growing) 58.63% 9.69% Compare
Median of peers $7.4B 395× 96.7× +43.95% +600.00% −19.88% 58.24% 9.76%

All 67 Semiconductors stocks →

Rambus, Inc. (RMBS) key facts

  • Strength: Rambus, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $707.6 million, up 27.1% from fiscal 2024.
  • Rambus, Inc. (RMBS) is a Semiconductors company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, RMBS traded at $87.25, a market capitalization of $10.1 billion.
  • Return on equity was 18.6% and debt-to-equity 0.00.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 37.69 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Rambus, Inc. (RMBS) Latest News

stockrow.com/RMBS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com