Added to YB: 2026-02-20
Pitch date: 2026-02-18
RMBS [neutral]
Rambus Inc.
+1.76%
current return
Author Info
No bio for this author
Company Info
Rambus Inc. manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.
Market Cap
$11.0B
Pitch Price
$102.33
Price Target
140.00 (+34%)
Dividend
N/A
EV/EBITDA
33.33
P/E
48.32
EV/Sales
14.47
Sector
Semiconductors and Semiconductor Equipment
Category
growth
RMBS | Rambus Q4 2025 Financial Highlights
RMBS (earnings): Transformed from IP licensing to product-focused chip co. Q4 rev $190.2M (beat), $360M annual operating cash flow. 41% product rev growth driven by DDR5 RCD chips (oligopoly: RMBS, Montage, Renesas). AI server demand for MRDIMM driving vol+price. HBM PHY IP, CXL opportunity ahead. Risk: CFO exit to ALAB, customer concentration. 30.5x P/OCF vs peers 47-55x. DCF fair value $105-110, upside to $130-140 if CXL ramps. Strong cash, no debt.
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