RMBS RAMBUS INC
Price Chart
Executive Summary
Rambus reported Q1 2026 GAAP revenue of $180.2M (+8% YoY) and non-GAAP EPS of $0.63 (+7% YoY), with product revenue up 15% to $88.0M. Operating cash flow was $83.2M. Q2 guidance implies continued product revenue growth of $95-101M, but GAAP EPS slipped slightly to $0.55. Overall a solid but in-line quarter.
Key Financial Metrics
Actionable Insight
Rambus delivered solid Q1 with revenue growth and strong cash flow, but GAAP EPS slipped slightly. Q2 product revenue guidance suggests continued AI-driven momentum. Monitor the earnings call for full revenue guidance and updates on HBM4E IP adoption, which could drive further upside.
Key Facts
- GAAP revenue $180.2M (+8.1% YoY)
- Product revenue $88.0M (+15.3% YoY)
- GAAP diluted EPS $0.55 (vs $0.56 YoY)
- Non-GAAP diluted EPS $0.63 (vs $0.59 YoY, +6.8%)
- Operating cash flow $83.2M
- Q2 guidance: product revenue $95-101M, licensing billings $76-82M
- Cash and securities $786.1M
Financial Impact
Revenue growth of ~$13.5M YoY; GAAP net income $59.9M; operating cash flow $83.2M
Risk Factors
- Royalty revenue declined 5.9% YoY to $69.6M
- GAAP EPS decline could lead to some profit-taking
- Semiconductor cycle risk and customer concentration
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-182076 |
| Document: 0001193125-26-182076-index.html | 0001193125-26-182076 |
| Document: 0001193125-26-182076.txt | 0001193125-26-182076 |
| 8-K Data (Synthetic) | 0001193125-26-182076 |
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Jun 3, 2026
6d ago
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Insider Cluster
| $169.35 $145.31 | ▼ −14.20% | ▼ −11.62% | $152.03 (−10.23%) |
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Jun 2, 2026
7d ago
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| $170.66 $169.35 | ▼ −0.77% | ▼ −1.17% | $152.03 (−10.92%) |
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May 27, 2026
13d ago
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| $148.02 $145.46 | ▼ −1.73% | ▼ −1.97% | $152.03 (+2.71%) |
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May 26, 2026
14d ago
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| $148.66 $148.02 | ▼ −0.43% | ▼ −0.98% | $152.03 (+2.27%) |
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May 7, 2026
4w ago
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Insider Cluster
| $126.60 $129.25 | ▲ +2.09% | ▲ +1.26% | $152.03 (+20.09%) |
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Apr 29, 2026
5w ago
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8-K
| $115.11 $115.11 | · 0.00% | ▼ −0.22% | $152.03 (+32.07%) |
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Apr 27, 2026
6w ago
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8-K
| $111.27 $110.48 | ▼ −0.71% | ▼ −0.70% | $152.03 (+36.63%) |
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Apr 24, 2026
6w ago
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8-K
| $141.31 $111.27 | ▼ −21.26% | ▼ −20.77% | $152.03 (+7.59%) |
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Mar 6, 2026
13w ago
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DEFA14A
| $88.52 $89.61 | ▲ +1.23% | ▲ +1.41% | $152.03 (+71.75%) |
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Mar 2, 2026
14w ago
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Insider Cluster
| $98.88 $87.59 | ▼ −11.42% | ▼ −10.50% | $152.03 (+53.75%) |
US Market Status
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