Jun 2026 (Q2 FY26) — Jul 27, 2026
Rambus Q2 FY26 — Record Revenue and Non-GAAP Earnings Driven by Product and Royalties Growth
Read the full callRambus (RMBS) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Rambus earnings: last reported Mon, 27 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 180 | +8.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 34.3 | −3.6 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 59.9 | −0.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
18 of 18 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Memory interface chip (product) revenue guidance | $95 million and $101 million | Mar 2026 | Product revenue was $99.2 million, which is up 22% year-over-year and up 13% sequentially. | Achieved |
| Memory interface chip (product) revenue guidance | $110 million and $116 million | Jun 2026 | We expect product revenue to be between $110 million and $116 million, a sequential increase of 14% at the midpoint of guidance. | New |
10 of RAMBUS INC's 28 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 26 more targets are in the full ledger.
Claimed
- Achieved record revenue of $207.4 million, up 20% year-over-year and 15% sequentially, exceeding guidance.
- Delivered record non-GAAP EPS of $0.77, up 24% year-over-year and 21% sequentially, beating guidance.
- Product revenue reached a new record of $99.2 million, growing 22% year-over-year and 13% sequentially.
- Generated solid operating cash flow of $61 million, contributing to a $39 million increase in cash and equivalents to $825 million.
- Secured a key IP design win with a Tier 1 U.S. hyperscaler for next-generation HBM in future AI chips.
Qualified
- Inventory increased by $16 million during the quarter, reflecting strategic build-up due to supply chain tightness and lengthening lead times.
- Supply chain tightness and lengthening lead times are expected to persist into 2027, requiring careful management.
Price
$92.87 +0.83% · +$0.76
Performance −2.1% 1Y
1Y: $94.85 on 14 Oct 2025 → $92.87. High $170.66 (3 Jun 2026), low $79.73 (30 Mar 2026).
- Previous close
- $92.11
- 52-week range
- $79.73 – $170.66
- One year
- −4.47%
Overview
- Symbol
- RMBS
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
18 of 18 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Memory interface chip (product) revenue guidance | $95 million and $101 million | Mar 2026 | Product revenue was $99.2 million, which is up 22% year-over-year and up 13% sequentially. | Achieved |
| Memory interface chip (product) revenue guidance | $110 million and $116 million | Jun 2026 | We expect product revenue to be between $110 million and $116 million, a sequential increase of 14% at the midpoint of guidance. | New |
Claimed
- Achieved record revenue of $207.4 million, up 20% year-over-year and 15% sequentially, exceeding guidance.
- Delivered record non-GAAP EPS of $0.77, up 24% year-over-year and 21% sequentially, beating guidance.
- Product revenue reached a new record of $99.2 million, growing 22% year-over-year and 13% sequentially.
- Generated solid operating cash flow of $61 million, contributing to a $39 million increase in cash and equivalents to $825 million.
- Secured a key IP design win with a Tier 1 U.S. hyperscaler for next-generation HBM in future AI chips.
Qualified
- Inventory increased by $16 million during the quarter, reflecting strategic build-up due to supply chain tightness and lengthening lead times.
- Supply chain tightness and lengthening lead times are expected to persist into 2027, requiring careful management.
The full ledger
Open RAMBUS INC’s full ledger
A free account opens 5 company ledgers a month. All 28 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 27, 2026
Rambus Q1 FY26 — Strong Product Revenue Growth and AI Portfolio Expansion
Read the full callEvery analysed call
Rambus earnings calls (RMBS)
Financials
What the filings say
Net profit, year on year: −1% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 146 | 161 | 167 | 172 | 179 | 190 | 180 |
| Operating profit | 40 | 55 | 58 | 63 | 63 | 63 | 71 | 62 |
| Operating margin | 30.5% | 37.6% | 35.9% | 37.9% | 36.6% | 35.4% | 37.2% | 34.3% |
| Other income | 4 | 4 | 4 | 4 | 5 | 6 | 6 | 7 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 44 | 59 | 62 | 68 | 68 | 69 | 77 | 69 |
| Tax rate | 18.7% | 17.6% | 0.2% | 10.8% | 14.6% | 30.2% | 17.3% | 12.8% |
| Net profit | 36 | 49 | 62 | 60 | 58 | 48 | 64 | 60 |
| EPS ($ per share) | 0.33 | 0.45 | — | 0.56 | 0.54 | 0.45 | — | 0.55 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -204 | -286 | -358 | -435 | -513 | -286 | -154 | 77 |
| Total liabilities | 349 | 368 | 339 | 370 | 233 | 220 | 222 | 165 |
| Fixed assets | 57 | 46 | 58 | 56 | 86 | 68 | 76 | 113 |
| Total assets | 1,361 | 1,343 | 1,251 | 1,233 | 1,013 | 1,258 | 1,343 | 1,530 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 86 | 129 | 185 | 209 | 230 | 196 | 231 | 360 |
| Cash from investing | -67 | -141 | -98 | -116 | 152 | -57 | -57 | -223 |
| Cash from financing | -128 | -0 | -61 | -114 | -363 | -170 | -168 | -54 |
| Net cash flow | -110 | -14 | 27 | -21 | 17 | -31 | 5 | 83 |
| Capital expenditure | -11 | -6 | -30 | -14 | -17 | -23 | -31 | -27 |
| Free cash flow | 75 | 122 | 156 | 195 | 213 | 173 | 200 | 333 |
RMBS revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +20.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- KR 45% ↑ 7 pt
- Other Countries 19% ↑ 4 pt
- SG 18% ↑ 3 pt
- US 18% ↓ 14 pt
As RMBS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
62 filings between Nov 7, 2025 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$21.01M
32 sales by 10 insiders
63% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 18
- Award — granted as compensation
- 10
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| FAN XIANZHI SEAN | — | $5.75M | May 26, 2026 |
| Seraphin Luc | — | $4.41M | Apr 2, 2026 |
| Higashi Emiko | — | $2.39M | Jun 2, 2026 |
| Sayiner Necip | — | $2.13M | Jun 3, 2026 |
| STANG ERIC B | — | $1.69M | Jun 1, 2026 |
| KISSNER CHARLES | — | $1.58M | Oct 2, 2026 |
| Rao Meera | — | $1.45M | Apr 24, 2026 |
| Shinn John | — | $974.0K | May 22, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | KISSNER CHARLES Director | Sale 10b5-1 plan | 5,000 | $555.0K |
| Sep 22, 2026 | KISSNER CHARLES Director | Sale 10b5-1 plan | 5,000 | $525.0K |
| Aug 7, 2026 | KISSNER CHARLES Director | Sale 10b5-1 plan | 5,000 | $504.6K |
| Jun 3, 2026 | Sayiner Necip Director | Sale | 5,000 | $850.8K |
| Jun 2, 2026 | Higashi Emiko Director | Sale | 5,000 | $790.0K |
| Jun 2, 2026 | Higashi Emiko Director | Sale | 5,000 | $815.0K |
| Jun 1, 2026 | STANG ERIC B Director | Sale | 5,000 | $730.0K |
| May 26, 2026 | Higashi Emiko Director | Sale | 5,000 | $787.9K |
| May 26, 2026 | FAN XIANZHI SEAN EVP, COO | Sale | 37,814 | $5.74M |
| May 26, 2026 | FAN XIANZHI SEAN EVP, COO | Sale | 100 | $15.2K |
| May 22, 2026 | Shinn John SVP, General Counsel | Sale | 1,000 | $143.6K |
| May 8, 2026 | Sayiner Necip Director | Sale | 9,824 | $1.28M |
| May 7, 2026 | LAUB STEVEN Director | Sale | 1,500 | $188.3K |
| May 1, 2026 | Gagneja Sumeet SVP, CFO | Award | 26,802 | $0 |
| May 1, 2026 | Gagneja Sumeet SVP, CFO | Award | 14,518 | $0 |
| Apr 24, 2026 | Rao Meera Director | Sale 10b5-1 plan | 2,972 | $446.7K |
| Apr 14, 2026 | Rao Meera Director | Sale 10b5-1 plan | 8,538 | $1.01M |
| Apr 3, 2026 | Allen John K Chief Accounting Officer | Tax withheld | 1,131 | $104.3K |
| Apr 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 2,511 | $216.0K |
| Apr 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 2,750 | $239.6K |
| Apr 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 165 | $14.6K |
| Apr 1, 2026 | PENG VICTOR Director | Award | 2,223 | $0 |
| Apr 1, 2026 | KISSNER CHARLES Director | Award | 2,223 | $0 |
| Apr 1, 2026 | Shinn John SVP, General Counsel | Tax withheld | 1,913 | $172.1K |
| Apr 1, 2026 | Shinn John SVP, General Counsel | Award | 5,558 | $0 |
| Apr 1, 2026 | Seraphin Luc President and CEO | Award 10b5-1 plan | 32,684 | $0 |
| Apr 1, 2026 | Seraphin Luc President and CEO | Tax withheld 10b5-1 plan | 12,561 | $1.13M |
| Apr 1, 2026 | FAN XIANZHI SEAN EVP, COO | Tax withheld | 9,916 | $891.9K |
| Apr 1, 2026 | FAN XIANZHI SEAN EVP, COO | Award | 22,234 | $0 |
| Apr 1, 2026 | STANG ERIC B Director | Award | 2,223 | $0 |
| Apr 1, 2026 | Allen John K Chief Accounting Officer | Tax withheld | 658 | $59.2K |
| Apr 1, 2026 | Allen John K Chief Accounting Officer | Award | 2,779 | $0 |
| Apr 1, 2026 | Sayiner Necip Director | Award | 2,223 | $0 |
| Apr 1, 2026 | Higashi Emiko Director | Award | 2,223 | $0 |
| Apr 1, 2026 | LAUB STEVEN Director | Award | 2,223 | $0 |
| Apr 1, 2026 | Rao Meera Director | Award | 2,223 | $0 |
| Apr 1, 2026 | Allen John K Chief Accounting Officer | Tax withheld | 495 | $44.5K |
| Mar 10, 2026 | Shinn John SVP, General Counsel | Sale 10b5-1 plan | 200 | $17.9K |
| Mar 10, 2026 | Shinn John SVP, General Counsel | Sale 10b5-1 plan | 4,356 | $386.1K |
| Mar 3, 2026 | Shinn John SVP, General Counsel | Sale 10b5-1 plan | 700 | $66.4K |
| Mar 3, 2026 | Shinn John SVP, General Counsel | Sale 10b5-1 plan | 2,254 | $209.1K |
| Mar 3, 2026 | Shinn John SVP, General Counsel | Sale 10b5-1 plan | 1,603 | $150.8K |
| Mar 2, 2026 | PENG VICTOR Director | Award | 168 | $0 |
| Mar 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 1,300 | $132.1K |
| Mar 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 6,587 | $660.0K |
| Mar 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 9,469 | $939.0K |
| Mar 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 13,654 | $1.34M |
| Mar 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 7,225 | $703.6K |
| Mar 2, 2026 | Seraphin Luc President and CEO | Sale 10b5-1 plan | 1,679 | $160.9K |
| Feb 23, 2026 | Lynch Desmond SVP, CFO | Sale 10b5-1 plan | 4,273 | $433.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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