Rambus Q2 revenue rises 20%, beats analyst estimates

Rambus

27/07/2026 21:14

Overview
US chip and IP provider's Q2 revenue rose 20% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat consensus, driven by record product revenue growth
Company expanded product and IP offerings for next-generation AI systems

Outlook
Rambus sees Q3 revenue between $210 mln and $216 mln
Company expects Q3 non-GAAP diluted EPS of $0.75 to $0.82
Rambus says achieving Q3 revenue targets requires signing customer agreements

Result Drivers
PRODUCT REVENUE GROWTH - Record product revenue rose 22% yr/yr and 13% qtr/qtr, driving overall results
AI AND DATA CENTER DEMAND - Co said accelerating demand for data center and AI infrastructure supported product momentum
EXPANDED OFFERINGS - Co expanded product and IP offerings for next-generation AI systems, including chipsets for DDR5 9600 memory modules and PCIe 7 Switch IP

Company press release: ID:nBw97x2gLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$207.39 mln
$198.30 mln (8 Analysts)
Q2 Adjusted EPS
Beat
$0.77
$0.72 (8 Analysts)
Q2 EPS
 
$0.61
 
Q2 Net Income
 
$67.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "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 $145.00, about 51% above its July 24 closing price of $96.01
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago

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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.)