Rambus (RMBS) Stock Overview
Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
RMBS Community Fair Values
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Analyst Price Targets
Rambus Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$86.97 |
| 52 Week High | US$174.10 |
| 52 Week Low | US$77.89 |
| Beta | 1.87 |
| 1 Month Change | -13.90% |
| 3 Month Change | -40.66% |
| 1 Year Change | 1.09% |
| 3 Year Change | 56.56% |
| 5 Year Change | 272.14% |
| Change since IPO | 1,050.02% |
Recent News & Updates
Recent updates
Seeking Alpha • Jul 29
Rambus Falls Despite Posting Strong Quarter: Initiating With Hold
Summary Rambus delivered strong Q2 2026 results, with revenue up 20% and EPS up 24%, yet shares dropped 8%. RMBS remains well-positioned in AI and data center markets, driven by robust product and royalty revenue growth and resilient mid-40% operating margins. Management guides for Q3 revenue of $210–216 million and EPS up to $0.82, expecting sequential product revenue growth but a modest decline in royalties. Despite high short interest and valuation concerns, RMBS’s healthy cash flows and positive guidance suggest the post-earnings sell-off may be overdone. Read the full article on Seeking Alpha
Narrative Update • Jul 21
RMBS: AI Memory Bandwidth And DOJ Probe Will Shape Future Expectations
Analysts have raised the Rambus fair value estimate to $149.00 from $144.57, citing a slightly lower discount rate, modest adjustments to revenue growth and profit margin assumptions, and updated future P/E expectations following a series of recent price target increases and new coverage. Analyst Commentary Recent Street research around Rambus reflects a generally constructive view on the stock, with several bullish analysts lifting price targets and one bearish analyst taking a more cautious stance.
Narrative Update • Jul 07
RMBS: AI Workload Demand And New Index Inclusions Will Drive Repricing
The Rambus fair value price target has shifted from $150.00 to $180.00, with analysts pointing to updated assumptions on discount rates, revenue growth, profit margins, and a higher future P/E outlook following a series of recent target changes and a downgrade across the Street. Analyst Commentary Recent Street research around Rambus has centered on a series of price target revisions, with several bullish analysts taking a more constructive view on the company alongside one downgrade.Narrative Update • Jun 23
RMBS: AI Memory IP And DOJ Probe Will Shape Future Expectations
Rambus comes into focus today as analysts lift their price targets by $20 to $53, reflecting updated views on revenue growth, profit margins, and P/E assumptions, even as one firm moves to a more cautious stance. Analyst Commentary Recent research on Rambus highlights a split in views, with several bullish analysts lifting price targets while one firm turns more cautious.Analysis Article • Jun 20
Rambus (RMBS) Stock Could Be 3% Undervalued After DOJ Antitrust Subpoena
Rambus (RMBS) has drawn fresh attention after disclosing a federal grand jury subpoena tied to a Department of Justice antitrust investigation, with the legal overhang combining with an analyst downgrade and elevated insider selling. See our latest analysis for Rambus. The DOJ subpoena and downgrade land at a time when Rambus has already been volatile, with an 8.51% 1 day share price return and a 53.95% 90 day share price return, alongside a 1 year total shareholder return of 137.74% that...Narrative Update • Jun 08
RMBS: AI Memory IP Demand And Insider Activity Will Shape Future Expectations
Narrative Update: Rambus Analyst Price Target Shift The Rambus analyst price target has been revised to $145.25, with analysts pointing to recent target increases from Evercore ISI, Rosenblatt, and Jefferies, partly offset by a downgrade at Baird, as key drivers of the updated view. Analyst Commentary Recent research on Rambus shows a mix of optimism and caution, with multiple price target revisions feeding into the refreshed average target of US$145.25.Narrative Update • May 24
RMBS: AI Memory IP Demand Will Test Execution And Richer Future Expectations
The analyst price target for Rambus has been adjusted from $139.25 to $145.25 as analysts factor in updated fair value assumptions, modest tweaks to the discount rate, revenue growth and profit margin inputs, as well as a slightly higher future P/E multiple supported by recent Street research that includes several target increases alongside a downgrade. Analyst Commentary Recent Street research around Rambus reflects a mix of optimism on long term growth potential and caution on execution and valuation.Narrative Update • May 08
RMBS: AI Memory IP Momentum Will Face Ongoing Execution And Valuation Risks
Narrative Update: Rambus Analyst Price Target Shift The updated analyst price target for Rambus has moved from $122.00 to $139.25, with analysts pointing to revised assumptions for revenue growth, profit margins, and future P/E, informed in part by recent Street research that included several target hikes and one downgrade. Analyst Commentary Recent Street research around Rambus reflects a mix of optimism and caution, with several price target increases alongside a fresh downgrade.Analysis Article • May 08
Why Rambus' (NASDAQ:RMBS) Earnings Are Better Than They Seem
Despite posting healthy earnings, Rambus Inc.'s ( NASDAQ:RMBS ) stock has been quite weak. We have done some analysis...
New Narrative • May 01
Future AI Memory Demand Will Expose Execution Risks And Pressure Long Term Earnings
Catalysts About Rambus Rambus develops memory interface chips and silicon IP that support data movement and security in data center and AI hardware. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 24
RMBS: AI Memory IP Execution Risk Will Limit Future Upside
Rambus' analyst price target shifts approximately $3 higher to $122, as analysts factor in updated fair value estimates, a slightly lower discount rate, and a modestly higher future P/E assumption while keeping revenue growth and profit margin expectations broadly consistent. Analyst Commentary Recent Street research on Rambus has featured lower price targets, even as the latest blended target moves to about $122.New Narrative • Apr 17
AI Hardware Memory Demand Will Drive Powerful Long Term Earnings Potential
Catalysts About Rambus Rambus provides high performance chips and silicon IP that support memory, interconnect and security functions in data center and AI hardware. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 08
RMBS: AI Memory IP And Steady Long Term Assumptions Will Support Upside
Rambus’ consensus analyst price target has been reduced by a single digit dollar amount, as analysts factor in recent target cuts from Evercore ISI and Susquehanna, along with a new bullish initiation at William Blair that supports steady long term assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts initiating coverage highlight a constructive view on Rambus’ long term fair value, indicating that current pricing is still seen as reasonable relative to their internal assumptions.Narrative Update • Mar 25
RMBS: AI Memory IP And Steady P E View Will Support Upside
Analysts trimmed their price targets on Rambus by $7 and $10, respectively, while keeping long term growth and profitability assumptions broadly intact. This reflects a more measured view on the stock's valuation rather than a shift in its fundamental outlook.Narrative Update • Mar 11
RMBS: AI Memory Roadmap And Steady P E Assumptions Will Drive Upside
Analysts have trimmed their price targets on Rambus, with recent cuts of $7 and $10 balanced by a new bullish initiation. This has led to only modest tweaks in discount rate and future P/E assumptions, rather than a wholesale shift in the overall valuation view.Narrative Update • Feb 25
RMBS: P/E Reset Will Set Up Future AI Upside Potential
Rambus' analyst fair value estimate has nudged up by $1 to $118.88, as analysts refine their P/E assumptions and incorporate mixed but generally constructive recent research, including lower price targets from some firms alongside a fresh bullish initiation. Analyst Commentary Street research on Rambus has been mixed recently, with some analysts trimming price targets while others initiate with a positive stance.Narrative Update • Feb 10
RMBS: Mixed P/E Reset And Silicon IP Deals Will Shape AI Upside
Analysts have trimmed their price target on Rambus from US$120 to about US$117.88, citing updated views on growth, profitability, and a modestly adjusted future P/E multiple, as reflected in recent research moves at Evercore ISI, Susquehanna, and William Blair. Analyst Commentary Recent research points to a mix of optimism and caution around Rambus, with fresh coverage and updated price targets offering both upside and risk factors for you to weigh.Narrative Update • Jan 27
RMBS: Silicon IP Acquisitions And Higher P/E Assumptions Will Shape AI Upside
Analysts have nudged their price target on Rambus higher to $120, citing updated assumptions on growth, profitability, and P/E that align with recently bullish research coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$120 target as more in line with their updated P/E assumptions, suggesting they view current earnings power as underappreciated by the prior target level.Analysis Article • Jan 22
Rambus Inc.'s (NASDAQ:RMBS) P/E Is Still On The Mark Following 32% Share Price Bounce
Rambus Inc. ( NASDAQ:RMBS ) shareholders would be excited to see that the share price has had a great month, posting a...Narrative Update • Jan 09
RMBS: Silicon IP Acquisitions And Buybacks Will Support AI Demand Upside
Analysts have modestly lifted their price target on Rambus to US$120, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E. These assumptions still support their prior fair value view.Analysis Article • Dec 29
We Like These Underlying Return On Capital Trends At Rambus (NASDAQ:RMBS)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Narrative Update • Dec 15
RMBS: Data Center DRAM Leadership Will Drive AI Demand Upside Through 2027
Analysts have raised their price target on Rambus stock to $130 from $90, citing the company’s strengthening leadership in data center DRAM, accelerating AI-driven demand signals, and projections for robust revenue and free cash flow growth. Analyst Commentary Recent research notes highlight a constructive stance on Rambus, with multiple firms lifting price targets in response to the company’s role in the AI and data center memory ecosystem.Analysis Article • Dec 15
Does Rambus (NASDAQ:RMBS) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Dec 02
A Look At The Intrinsic Value Of Rambus Inc. (NASDAQ:RMBS)
Key Insights The projected fair value for Rambus is US$89.60 based on 2 Stage Free Cash Flow to Equity Current share...Narrative Update • Nov 30
RMBS: Data Center DRAM Demand Will Drive Share Price Momentum Through 2027
The analyst price target for Rambus has increased from $115.88 to $120.00. This change reflects analysts' positive outlook on the company's strong demand drivers, sustained data center growth, and robust free cash flow projections.Narrative Update • Nov 16
RMBS: Expanding Data Center Demand Will Drive Sustained Outperformance Through 2027
Rambus has seen its average analyst price target increase significantly. Figures now range from $114 to $130 per share, as analysts point to robust demand in data center DRAM and multiple growth catalysts supporting stronger revenue and earnings projections.Narrative Update • Nov 02
RMBS: Expanding Data Center Demand Will Drive Strong Share Price Momentum
Analysts have raised Rambus' fair value estimate from $103.50 to $115.88. They cite increased price targets based on robust revenue growth, strong profit margins, and sustained demand in the data center memory market.Narrative Update • Oct 18
Data Center And AI Trends Will Expand Memory Markets
The analyst fair value estimate for Rambus has increased from $100.38 to $103.50. Analysts cite rising price targets and strong demand drivers in memory markets and data centers as key factors supporting the company’s growth outlook.Narrative Update • Oct 04
Data Center And AI Trends Will Expand Memory Markets
Rambus’ analyst price target has increased significantly from $85.63 to $100.38. Analysts cite robust demand for data center DRAM, accelerating revenue growth prospects, and ongoing confidence in Rambus’ market leadership and strategic positioning.Narrative Update • Sep 16
Data Center And AI Trends Will Expand Memory Markets
Analysts have raised their price target for Rambus to $85.62, citing favorable industry dynamics, accelerating RDIMM growth, increased revenue diversification, and improving earnings consistency, all of which underpin stronger long-term earnings potential. Analyst Commentary Bullish analysts cite multiple product revenue growth catalysts, particularly for the second half of fiscal 2026.Analysis Article • Sep 16
Earnings Tell The Story For Rambus Inc. (NASDAQ:RMBS) As Its Stock Soars 28%
Despite an already strong run, Rambus Inc. ( NASDAQ:RMBS ) shares have been powering on, with a gain of 28% in the last...Narrative Update • Aug 29
Data Center And AI Trends Will Expand Memory Markets
Rambus's consensus price target has increased to $81.88, driven by growing confidence in revenue diversification, sustained financial outperformance, and raised EPS estimates following strong Q2 results. Analyst Commentary Bullish analysts see increased revenue diversification as a key driver, supporting steady beat-and-raise quarters.Shareholder Returns
| RMBS | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | 1.8% | -0.5% | -2.2% |
| 1Y | 1.1% | 50.1% | 13.1% |
Return vs Industry: RMBS underperformed the US Semiconductor industry which returned 50.1% over the past year.
Return vs Market: RMBS underperformed the US Market which returned 13.1% over the past year.
Price Volatility
| RMBS volatility | |
|---|---|
| RMBS Average Weekly Movement | 9.9% |
| Semiconductor Industry Average Movement | 11.7% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: RMBS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RMBS's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 791 | Luc Seraphin | www.rambus.com |
Rambus Inc. manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally. It offers memory interface chips comprising DDR5 memory interface chips which include registering clock driver, multiplexed registering clock driver, multiplexed data buffer, power management integrated circuits, serial presence detect hubs, temperature sensors, and client clock driver products; and DDR4 memory interface chips. The company also provides silicon IP, such as interface and security IP solutions that move and protect data in advanced artificial intelligence, data center, government, and automotive applications; interface IP solutions for high-speed memory and chip-to-chip digital controller IP; security IP solutions, including crypto cores, hardware roots of trust, high-speed protocol engines, and chip provisioning technologies.
Rambus Inc. Fundamentals Summary
| RMBS fundamental statistics | |
|---|---|
| Market cap | US$9.26b |
| Earnings (TTM) | US$239.68m |
| Revenue (TTM) | US$756.33m |
39.4x
P/E Ratio12.5x
P/S RatioIs RMBS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RMBS income statement (TTM) | |
|---|---|
| Revenue | US$756.33m |
| Cost of Revenue | US$148.57m |
| Gross Profit | US$607.76m |
| Other Expenses | US$368.08m |
| Earnings | US$239.68m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.21 |
| Gross Margin | 80.36% |
| Net Profit Margin | 31.69% |
| Debt/Equity Ratio | 0% |
How did RMBS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 21:55 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Rambus Inc. is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Fontanelli | Arete Research Services LLP |
| Brett Simpson | Arete Research Services LLP |
| Tristan Gerra | Baird |