Rambus Inc (RMBS)

NASDAQ:RMBS

RMBS

Rambus

RESEARCH TOOLSreports

Want to see RMBS full AI Analyst Report?

Rambus (RMBS) Earnings Dates, Call Summary & Reports

1,427 Followers

Earnings Data

Report Date

Aug 03, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.72

Last Year’s EPS

0.6

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 6 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call was constructive: Rambus reported Q1 results in line with guidance, strong product revenue growth (+15% YoY), robust cash generation ($66.3M free cash flow) and meaningful IP/product portfolio expansion (HBM4E controller, SOCAMM2 chipset, security engine). Management provided confident Q2 guidance (revenue $192M–$198M, product +11% sequential at midpoint) and reiterated long-term opportunities in data center and AI. The primary negatives are persistent back-end supply constraints, timing uncertainties for MRDIMM and DDR Gen5 ramps (with bulk volumes expected in 2027), and limited near-term revenue contribution from new LPDDR SOCAMM2 solutions. Weighing strong financial performance, product/IP momentum and conservative but positive guidance against supply-chain and timing risks, the tone is more favorable than cautious.

Company Guidance

Rambus guided Q2 non‑GAAP revenue of $192–$198 million, with product revenue of $95–$101 million (an ~11% sequential increase at the midpoint), royalty revenue of $72–$78 million and licensing billings of $76–$82 million; they expect non‑GAAP total operating costs of roughly $110–$114 million, non‑GAAP operating income of $78–$88 million, about $7 million of interest income, non‑GAAP tax expense of $13.6–$15.2 million, approximately $14 million of capex, a diluted share count of ~110 million and Q2 non‑GAAP EPS of $0.65–$0.73. For context, Q1 actuals were revenue $180.2M (product $88M, up 15% YoY), royalty $69.6M, licensing billings $70.8M, cash & marketable securities $786M and free cash flow $66.3M, and management reiterated expectations for double‑digit product growth in Q2 and year‑over‑year revenue growth for 2026.

Strong Cash Generation and Balance Sheet

Ended Q1 with $786M in cash, cash equivalents and marketable securities (up $24M from Q4 2025). Operating cash flow was $83M and free cash flow was $66.3M, supporting strategic inventory builds and capital allocation.

Silicon IP Traction and Design Wins

Continued design wins at Tier-1 customers and growing demand across IP portfolio, including traction for PCIe retimer and switch IP. Company expects silicon IP to grow ~10%–15% annually based on current trends.

Product and IP Portfolio Expansion (Strategic Introductions)

Launched SOCAMM2 chipset for JEDEC-standard LPDDR5X server modules (first in roadmap for LPDDR server solutions), introduced the industry's fastest HBM4E controller for AI accelerators, and released a new network security engine for Ultra Ethernet, broadening AI/data center addressable market.

Diversified Revenue Mix and Stable Licensing

Q1 royalty revenue was $69.6M and licensing billings were $70.8M. Management reiterated patent licensing remains stable around $200M–$210M annually, providing predictability alongside product and IP growth.

New Chips Contribution and Market Share Momentum

Newer companion chips contributed low double-digit percent of total product revenue in Q1 and are expected to grow through the year; company reports continued market share gains in RCD chips (exited 2025 at mid-40% share) with no signs of erosion into 2026.

Revenue in Line with Guidance and Product Growth

Total Q1 revenue of $180.2M was in line with expectations. Product revenue was $88M, up 15% year-over-year, driven by DDR5 products and new project ramps. Company guided Q2 revenue of $192M–$198M and product revenue of $95M–$101M (implying ~11% sequential growth at the midpoint).

Rambus (RMBS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RMBS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 03, 2026	2026 (Q2)	0.72 / -	0.595	―	―	―
Apr 27, 2026	2026 (Q1)	0.64 / 0.63	0.601	4.83% (+0.03)
Feb 02, 2026	2025 (Q4)	0.68 / 0.68	0.59	15.25% (+0.09)
Sep 30, 2025	2025 (Q3)	0.63 / 0.63	0.496	26.01% (+0.13)	―	―
Jul 28, 2025	2025 (Q2)	0.58 / 0.59	0.46	29.35% (+0.13)
Apr 28, 2025	2025 (Q1)	0.57 / 0.60	0.45	33.56% (+0.15)
Feb 03, 2025	2024 (Q4)	0.58 / 0.59	0.47	25.53% (+0.12)
Oct 28, 2024	2024 (Q3)	0.52 / 0.50	0.43	15.35% (+0.07)
Jul 29, 2024	2024 (Q2)	0.45 / 0.46	0.44	4.55% (+0.02)
Apr 29, 2024	2024 (Q1)	0.44 / 0.45	0.44	2.27% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RMBS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 27, 2026	$141.31	$111.27	-21.26%
Feb 02, 2026	$113.71	$98.45	-13.42%
Sep 30, 2025	$104.20	$103.14	-1.02%
Jul 28, 2025	$64.24	$73.15	+13.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Rambus Inc (RMBS) report earnings?

Rambus Inc (RMBS) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).

What is Rambus Inc (RMBS) earnings time?

Rambus Inc (RMBS) earnings time is at Aug 03, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is RMBS EPS forecast?

RMBS EPS forecast for the fiscal quarter 2026 (Q2) is 0.72.