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Rambus is a global semiconductor company providing industry-leading chips and silicon IP for data-intensive computing systems, focusing on data center and artificial intelligence ( AI ) infrastructure. As a pioneer with over three decades of advanced semiconductor design experience, Rambus is at the forefront of enabling the next era of AI-driven computing, addressing the critical chal…
$166.78
+$19.30 (+13.09%)
Last close via Marketstack
Margins and capital returns are both well above average: 36.77% operating margin, ROIC at 16.43%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 27.1% YoY with margins expanding 3.9pp.
At 79x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
79.4x earnings, 54.6x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$721M
▲ +27.1% YoY
Net Income (TTM)
$230M
▲ +28.2% YoY
Op. Margin
35.89%
▲ +3.9pp YoY
ROIC
15.32%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$335M
▲ +66.7% YoY
Op. Cash Flow (TTM)
$366M
▲ +56.1% YoY
Net Debt
-$763M
Net Cash Position
Cash & Equiv.
$786M
5Y CAGR: +23.5%
5Y CAGR: +16.4%
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