Rambus appears to be benefiting from accelerating DDR5 data-center penetration, with revenue growth rising from 10.3% in 2024Q2 to 22.3% in 2026Q3 ($218.3M) and operating income doubling to $83.7M, reflecting meaningful operating leverage from its fixed-cost royalty base.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 22.3% in 2026Q3 with gross margin expanding to 78.3% from 73.9% in 2024Q2, though the 123% rise in SG&A over ten quarters suggests emerging expense pressure from the hardware pivot.
Rambus reported record annual product revenue of $347.8M for 2025, up 41% YoY, alongside record annual cash from operations of $360.0M.
The business is showing real operating momentum with Q4 2025 revenue of $190.2M and product revenue of $96.8M.
Fundamental analysis suggests advanced compute systems need more than raw processing power, positioning Rambus favorably.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 26, 2026 | $0.84+6.5% vs $0.79 | $218M+2.4% vs $213M |
Q3 2026 Jul 27, 2026 | $0.77+7.4% vs $0.72 | $207M+4.1% vs $199M |
Q2 2026 Apr 27, 2026 | $0.63+3.3% vs $0.61 | $180M+0.1% vs $180M |
Q1 2026 Feb 2, 2026 | $0.68+0.0% vs $0.68 | $190M+1.1% vs $188M |
While most investors chase the flashiest AI names, one under-the-radar semiconductor company quietly controls a bottleneck that every AI server depends on, and its stock just hit a price that caught our model's attention.
RMBS' Q3 earnings highlight accelerating AI-driven memory chip demand and strong Q4 growth prospects, even as supply constraints and costs pressure margins.
Rambus posts record Q3 2026 revenues as AI-driven memory demand fuels product growth, stronger profitability and record operating cash flow.
Product revenue reached a record $114 million, up 22% year over year. Rambus repurchased $135 million of stock during the third quarter.
Benchmark RMBS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Rambus Inc. (RMBS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $74.53 | $8.08B | 30.50 | 27.13% | 33.4% | 18.85% | — | |
| $77.71 | $18.24B | 21.92 | 6.63% | 12.76% | 12.49% | 1.29% | |
| $65.31 | $2.77B | 69.31 | 2.73% | 3.65% | 1.89% | — | |
| $27.10 | $754.99M | -69.12 | 2.49% | -9.48% | -3.42% | — | |
| $221.50 | $7.31B | -188.06 | 34.29% | -4.57% | -3.59% | — | |
| $416.92 | $11.01B | 491.19 | 61.16% | 3.87% | 1.55% | — |
Rambus Inc. (RMBS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Rambus Inc. (RMBS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 26, 2026·SEC
Jul 27, 2026·SEC
Apr 29, 2026·SEC
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Rambus Inc. (RMBS) stock FAQ — growth, dividends, profitability & financials explained
Rambus Inc. (RMBS) reported $796.1M in revenue over the trailing twelve months. Revenue was $707.6M in fiscal year 2025. That is 6162% more than the $11.3M of fiscal year 1996.
Rambus Inc. (RMBS) grew revenue by 17.3% over the trailing twelve months, compared with the twelve months before.
Yes. Rambus Inc. (RMBS) earned $265.9M in net income over the trailing twelve months (a 33.4% net margin).
Rambus Inc. (RMBS) had a return on equity (ROE) of 18.8% over the trailing twelve months. That is above the market's typical 10-15%.
Rambus Inc. (RMBS) generated $312.9M in free cash flow over the trailing twelve months.
