RMBS
Rambus Inc.
$92.66
+6.20% 2026-10-19
Information TechnologyS&P 400
RMBSSPY
1W
-8.3%
1M
+5.8%
3M
-8.1%
6M
-27.0%
YTD
+0.8%
1Y
-3.7%
Grades vs sector
Momentum40th pct in sectorC-
Momentum
40th pct in sector
12-1 return: +3.8%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Growth60th pct in sectorB-
Growth
60th pct in sector
Revenue growth (YoY): +20.4%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Value34th pct in sectorC-
Value
34th pct in sector
Forward E/P: 4.3% · EBITDA/EV: 3.7%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Profitability76th pct in sectorB+
Profitability
76th pct in sector
Profit margin: +31.7% · Return on equity: +17.8%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Revisionsno data–
Revisions
no data
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Not held by any of our 3 live models right now.
Momentum Top 15
not ranked (outside this model's universe or screens)
Quality Growthnot ranked (outside this model's universe or screens)
Momentum Blendnot in the current book
Key stats
Market cap$10.1B
P/E (trailing)42.5
P/E (forward)24.6
52-week range77.89 – 174.10
Revenue growth (YoY, latest qtr)+20.4%
Dividend yield0.00%
Analyst consensusStrong Buy (7)
Mean price target$141.57 (+53%)
Valuation & fundamentals
Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
▼DCF (base case)below the price by 25%
▼Forward P/E vs sector24.6x vs median 16.9x
▲Piotroski F-score7/9
▲Altman Z45.0 (safe)
▲Net debt / EBITDA-2.9x
▲Analyst target+53% (7 analysts)
Discounted cash flow
CyclicalValued on average-cycle margins
Semiconductors profits swing with the business cycle, so one year's cash flow can be far above or below normal. Instead of the last 12 months' free cash flow (0.3B, a 46% margin), the DCF and reverse DCF use the average free-cash-flow margin over FY2016–FY2025 (10 years: 43.0%) times current revenue = 0.3B. On trailing cash flow the base case would be $74; on mid-cycle cash flow it is $69. Glossary
Bear
$45
-51%
growth 11% · disc. 14.0% · term. 2.0%
Base
$69
-25%
growth 18% · disc. 13.0% · term. 2.5%
Bull
$98
+6%
growth 23% · disc. 12.0% · term. 3.0%
Starting cash flow is mid-cycle: 43.0% average margin × current revenue = 0.3B (last 12 months: 0.3B at a 46% margin). On trailing cash flow the base case would be $74.
Reverse DCFfor context, not a signal
A normal DCF guesses future cash flows and works out a price. A reverse DCF runs it backwards: it starts from today's price and asks how fast free cash flow would have to grow to justify it. It tells you what the market is assuming, not whether the stock is cheap or expensive, and it is not a buy or sell signal. Glossary
Today's price assumes free cash flow grows about 19% a year for 10 years.
Implied
+19%/yr
FCF, last 3 yrs
+16%/yr
FCF, last 5 yrs
+16%/yr
Revenue, last 3 yrs
+16%/yr
Revenue, last 5 yrs
+23%/yr
Same inputs as the DCF above: mid-cycle free cash flow 0.3B, 13.0% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-03-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.85 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Information Technology
P/E (trailing)
pricier
sector median 35.9× · 62nd pct
42.5×pricier
Forward P/E
pricier
sector median 16.9× · 75th pct
24.6×pricier
EV / EBITDA
pricier
sector median 20.8× · 75th pct
34.2×pricier
Price / sales
pricier
sector median 4.6× · 86th pct
13.9×pricier
Price / book
pricier
sector median 5.1× · 67th pct
7.2×pricier
FCF yield
pricier
sector median 3.5% · 48th pct
3.3%pricier
Forward EPS $3.77 vs trailing $2.18 (+73% expected growth). Forward P/E uses analysts' next-12-month estimate.
Backlog (remaining performance obligations)
RPO
$30.9M
as of 2026-03-31
vs a year ago
+19%
YoY
× TTM revenue
0.04×
coverage
Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).
Quality & financial health
Gross margin
79.5%
Operating margin
35.9%
FCF margin
46.5%
Net margin
31.9%
Return on equity
16.5%
Return on invested capital
34.7%
Net debt / EBITDA
-2.9×
Current ratio
9.8×
Interest cover
203.0×
Cash conversion (OCF/NI)
1.6×
Piotroski F-score 7/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved
Altman Z-score 45.0 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.
Analysts
Mean target
$142
+53%
Analysts
7
Strong Buy
Range
$100–$165
low – high
● price · ◆ mean target
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $707.6M | $230.5M | $333.2M |
| 2024 | $556.6M | $179.8M | $199.9M |
| 2023 | $461.1M | $333.9M | $172.5M |
| 2022 | $454.8M | $-14.3M | $212.9M |
| 2021 | $328.3M | $18.3M | $195.4M |
| 2020 | $246.3M | $-40.5M | $155.7M |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +15.9%.
Earnings
Next report: 2026-10-26 · after close · EPS est 0.79
EstimateActual (beat)Actual (miss)
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-07-27 | 0.72 | 0.77 | +7.7% |
| 2026-04-27 | 0.64 | 0.63 | -1.0% |
| 2026-02-02 | 0.68 | 0.68 | +0.4% |
| 2025-10-27 | 0.63 | 0.58 | -7.2% |
| 2025-07-28 | 0.59 | 0.60 | +2.2% |
| 2025-04-28 | 0.57 | 0.59 | +3.5% |
| 2025-02-03 | 0.56 | 0.59 | +4.8% |
| 2024-10-28 | 0.51 | 0.66 | +28.6% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $207.4M | +20.4% |
| 2026-03-31 | $180.2M | – |
| 2025-12-31 | $190.2M | – |
| 2025-09-30 | $178.5M | – |
| 2025-06-30 | $172.2M | – |
Analyst actions
Evercore ISI Group
PT $160
2026-07-28 · main
Outperform → OutperformPT $160
Rosenblatt
PT $165
2026-07-28 · main
Buy → BuyPT $165
Benchmark
PT $165
2026-07-16 · init
→ BuyPT $165
Jefferies
PT $145
2026-04-28 · main
Buy → BuyPT $145
Wells Fargo
PT $145
2026-04-28 · main
Overweight → OverweightPT $145
Evercore ISI Group
PT $172
2026-04-28 · main
Outperform → OutperformPT $172
Insider trades
Kissner Charles
$555.0K
Director · 2026-10-02
SELL$555.0K
Kissner Charles
$525.0K
Director · 2026-09-22
SELL$525.0K
Kissner Charles
$504.6K
Director · 2026-08-07
SELL$504.6K
News
Rambus stock may move 14% on earnings release next week
Investing.com · 8h ago
3 AI Infrastructure Stocks Retail Investors Are Watching In US Tech
Simply Wall St. · Oct 18
Stats refreshed 2026-10-19 19:02:36 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
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