Rambus Q4 revenue up 18%, adjusted EPS meets expectations

Rambus

02/02/2026 21:12

Overview

Chip and IP provider's Q4 revenue grew 18% yr/yr, driven by DDR5 RCDs

Adjusted EPS met analysts' expectations

Company generated record $99.8 mln cash from operations in Q4

Outlook

Rambus expects Q1 2026 licensing billings between $66 mln and $72 mln

Company projects Q1 2026 product revenue between $84 mln and $90 mln

Rambus anticipates Q1 2026 operating costs between $121 mln and $117 mln

Result Drivers

PRODUCT REVENUE GROWTH - Record quarterly product revenue of $96.8 mln, driven by DDR5 RCDs and new products

CASH FROM OPERATIONS - Generated record quarterly cash from operations of $99.8 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Meet
$0.68
$0.68 (8 Analysts)
Q4 EPS
$0.58
Q4 Net Income
$63.80 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 5.4% above its January 30 closing price of $113.83

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nBw5nQNpQa

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(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.)