Rambus Q1 revenue beats on demand for higher memory bandwidth

Rambus

27/04/2026 21:14

Overview

US chip and IP provider's Q1 revenue rose 8% yr/yr, beating analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Product revenue grew 15% yr/yr, driven by demand for AI platform offerings

Outlook

Rambus expects Q2 product revenue between $95 mln and $101 mln

Company sees Q2 licensing billings of $76 mln to $82 mln

Rambus expects Q2 royalty revenue of $72 mln to $78 mln

Result Drivers

AI PLATFORM DEMAND - Co said growth in AI inference and agentic workloads in data centers drove demand for higher memory bandwidth and scalable connectivity

PRODUCT PORTFOLIO EXPANSION - Co cited expanded product and IP offerings for next-generation AI platforms, including LPDDR5X SOCAMM2 server module chipset and HBM4E memory controller IP, as supporting revenue growth

Company press release: ID:nBw8w58Gha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$180.20 mln
$177.93 mln (7 Analysts)
Q1 Adjusted EPS
Miss
$0.63
$0.65 (8 Analysts)
Q1 EPS
$0.55
Q1 Net Income
$59.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Rambus Inc is $120.00, about 24.2% below its April 24 closing price of $158.40

The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 31 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)