Stocks · Technology · Semiconductors
Rambus Inc. RMBS
$111.97 +4.36% Close, Oct 2, 2026 · NASDAQ · Market cap $12.14B
High quality
Next earnings report: Oct 26, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 51.4× trailing earnings, higher than 80% of the company's own readings over the past five years.
- Revenue over the last four quarters was $756.3M, up 17.2% from a year earlier.
- The company holds net cash of $65.9M (cash above total debt).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 39%
- EPS growth (TTM, YoY)Bottom 39%
- FCF growth (TTM, YoY)Bottom 43%
- Revenue growth, 3-year CAGRTop 26%
- Revenue growth accelerationBottom 23%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 16%
- Gross marginTop 13%
- Operating marginTop 5%
- Cash conversion (OCF / net income)Bottom 36%
- Accruals (lower is better)Bottom 45%
- Net debt / EBITDA (lower is better)Top 40%
- Interest coverTop 3%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 40%
- Free-cash-flow yieldBottom 48%
- EBITDA / enterprise valueBottom 47%
- Sales / enterprise valueBottom 15%
- P/E vs own 5-year history (lower is better)Bottom 28%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 32%
- 6-month returnBottom 47%
- 1-year return vs S&P 500Top 47%
- Distance from 52-week highBottom 41%
- Trend checklist (0–4)Top 44%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 29%
- Consecutive EPS beatsBottom 44%
- Share of analysts rating BuyTop 26%
- Upside to consensus price targetTop 33%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 46%
- Maximum drawdown, 3 yearsTop 32%
- Beta vs S&P 500 (lower is better)Bottom 21%
- Net debt / EBITDA (lower is better)Top 40%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 19.1% | 17.2% | ↓ |
| EPS growth (YoY) | 9.9% | 3.3% | ↓ |
| Gross margin | 76.0% | 78.3% | ↑ |
| Operating margin | 36.3% | 35.5% | ↓ |
| FCF margin | 40.6% | 39.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 17.2% | 19.1% | ↓ | Top 39% |
| EPS growth (TTM, YoY) | 3.3% | 9.9% | ↓ | Bottom 39% |
| Gross margin | 78.3% | 76.0% | ↑ | Top 13% |
| Operating margin | 35.5% | 36.3% | ↓ | Top 5% |
| Net margin | 31.7% | 35.5% | ↓ | — |
| Free-cash-flow margin | 39.6% | 40.6% | ↓ | — |
| Return on invested capital | 14.5% | — | Top 16% | |
| Revenue growth, 3-year CAGR | 15.9% | — | Top 26% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.39×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +8.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.21×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 224.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.25%
- Shareholder yield
- 0.25%
- Share count change, 1 year
- +1.1%
- Share count change, 3-year CAGR
- -0.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +2.7%
- Average 2-day reaction, last 8
- +0.4%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $161.75
- Target vs current price
- +44.5%
- Analysts with a rating
- 14
- Share rating Buy or Strong Buy
- 79%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 27, 2026 | +7.4% | +0.4% | -5.2% | -5.0% | — |
| Apr 27, 2026 | +3.3% | -10.8% | -29.3% | -9.7% | -34.5% |
| Feb 2, 2026 | +0.0% | -0.1% | -5.9% | -13.1% | -2.2% |
| Oct 27, 2025 | +0.0% | +7.8% | -2.4% | -16.4% | +18.4% |
| Jul 28, 2025 | -1.6% | +2.2% | +15.2% | +17.4% | +55.6% |
| Apr 28, 2025 | +7.3% | +2.5% | +0.7% | +5.0% | +29.5% |
| Feb 3, 2025 | +1.7% | -2.1% | +8.7% | -14.2% | -20.0% |
| Oct 28, 2024 | +0.0% | +3.0% | +10.2% | +28.6% | +44.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 27, 2026 | $0.77 | $0.72 | +7.4% | $207.4M |
| Apr 27, 2026 | $0.63 | $0.61 | +3.3% | $180.2M |
| Feb 2, 2026 | $0.68 | $0.68 | +0.0% | $190.2M |
| Oct 27, 2025 | $0.63 | $0.63 | +0.0% | $178.5M |
| Jul 28, 2025 | $0.60 | $0.61 | -1.6% | $172.2M |
| Apr 28, 2025 | $0.59 | $0.55 | +7.3% | $166.7M |
| Feb 3, 2025 | $0.59 | $0.58 | +1.7% | $161.1M |
| Oct 28, 2024 | $0.51 | $0.51 | +0.0% | $145.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 51.4× | 34.7× | 80th | Top 40% |
| P/E (forward) | 36.9× | — | — | — |
| EV / EBITDA | 37.8× | — | — | Bottom 47% |
| EV / Sales | 15.97× | — | — | Bottom 15% |
| Free-cash-flow yield | 2.47% | — | — | Bottom 48% |
| Earnings yield | 1.95% | — | — | Top 40% |
P/E over the past five years
Range 16.6× – 169.0× since Dec 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +8.6%
- Earnings per share growth (TTM)
- +3.3%
- Change in P/E multiple
- +16.1%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 10
- Days above the 200-day average
- 1
- 50-day average slope (20 days)
- -6.4%
- 200-day average slope (20 days)
- -0.1%
- Distance from 50-day average
- +19.7%
- Distance from 200-day average
- +3.8%
- RSI (14)
- 69.5
- Relative volume
- 0.48×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 65.2%
- Volatility vs own 5-year history
- 71th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.10
- Correlation with S&P 500
- 0.50
- Current drawdown from 1-year high
- -34.4%
- Maximum drawdown, 3 years
- -52.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 3, 2026 | Sep 14, 2026 | -52.9% | 70 days | Not yet recovered |
| Jan 22, 2024 | Sep 6, 2024 | -48.8% | 158 days | 223 days (Jul 30, 2025) |
| Mar 29, 2022 | Jul 1, 2022 | -38.7% | 65 days | 87 days (Nov 3, 2022) |
| Jan 21, 2026 | Mar 30, 2026 | -36.7% | 47 days | 13 days (Apr 17, 2026) |
| Apr 24, 2026 | Apr 28, 2026 | -29.8% | 2 days | 24 days (Jun 2, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $12.14B
- P/E (TTM)
- 51.4
- EPS, diluted (TTM)
- $2.18
- Revenue (TTM)
- $756.3M
- 52-week range
- $77.89 – $174.10
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $328.3M | $454.8M | $461.1M | $556.6M | $707.6M |
| Gross profit | $229.9M | $314.0M | $318.8M | $419.9M | $537.6M |
| Operating income | $29.9M | $80.1M | $91.5M | $179.0M | $260.2M |
| Net income | $18.3M | -$14.3M | $333.9M | $179.8M | $230.5M |
| EPS (diluted) | $0.16 | -$0.13 | $3.01 | $1.65 | $2.11 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $145.5M | $161.1M | $166.7M | $172.2M | $178.5M | $190.2M | $180.2M | $207.4M |
| Net income | $48.7M | $62.2M | $60.3M | $57.9M | $48.4M | $63.8M | $59.9M | $67.6M |
| EPS (diluted) | $0.45 | $0.57 | $0.56 | $0.53 | $0.44 | $0.58 | $0.55 | $0.61 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $209.2M | $230.4M | $195.8M | $230.6M | $360.0M |
| Capital expenditure | -$13.8M | -$20.5M | -$23.2M | -$30.7M | -$26.8M |
| Free cash flow | $195.4M | $209.9M | $172.5M | $199.9M | $333.2M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$91.1M | -$94.3M | -$91.6M | -$107.8M | -$255,000 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $824.9M
- Total assets
- $1.61B
- Total liabilities
- $145.7M
- Total debt
- $21.8M
- Net debt
- -$65.9M
- Shareholders’ equity
- $1.47B
As of Jun 30, 2026 (filed Jul 28, 2026).
Short interest
- Shares sold short
- 6,222,309
- Days to cover
- 3.22
- Change vs previous report
- +2.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 15, 2000
- 4-for-1