Rambus Inc. (RMBS) Stock Falls on Q1 2026 Earnings

Rambus Inc. (RMBS) reported first-quarter 2026 results with revenue of $180.2 million, up 8.1% year-over-year.

Gross profit: $143.7 million (up 7.4% YoY).

Operating profit: $61.8 million (down 2.2% YoY).

Net income attributable to common shareholders: $59.9 million (down 0.7% YoY).

Diluted EPS: $0.55 (down 1.8% YoY).

Cash flow and capital spending showed improvement in operating cash generation alongside modest investment activity.

Cash from operating activities: $99.8 million (up 28.9% YoY).

Purchases of property, plant and equipment: -$6.5 million (down 17.2% YoY).

Cash and cash equivalents: $134.3 million (up 1.6% YoY).

Market expectations and company guidance vs. results.

Reported revenue of $180.2 million versus consensus estimate of $181.5 million, a shortfall of about $1.3 million.

Diluted EPS came in at $0.55 versus an estimate of $0.67, missing by roughly $0.12.

Stock moved after the release, showing a decline of 7.0% since market close.

Balance sheet and cost trends to note.

Total liabilities: $139.9 million (down 36.3% YoY).

Cost of sales: $36.5 million (up 11.2% YoY).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Rambus Inc. Insider Trading Activity

Rambus Inc. insiders have traded $RMBS stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.

Here’s a breakdown of recent trading of $RMBS stock by insiders over the last 6 months:

LUC SERAPHIN (President and CEO) has made 0 purchases and 9 sales selling 45,340 shares for an estimated $4,406,884.
MEERA RAO has made 0 purchases and 2 sales selling 11,510 shares for an estimated $1,454,858.
ERIC B STANG has made 0 purchases and 2 sales selling 9,000 shares for an estimated $958,900.
JOHN SHINN (SVP, General Counsel) has made 0 purchases and 5 sales selling 9,113 shares for an estimated $830,327.
DESMOND LYNCH (SVP, CFO) sold 4,273 shares for an estimated $433,837

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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Rambus Inc. Hedge Fund Activity

We have seen 269 institutional investors add shares of Rambus Inc. stock to their portfolio, and 255 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

INVESCO LTD. added 1,716,621 shares (+70.6%) to their portfolio in Q4 2025, for an estimated $157,740,303
EDGEPOINT INVESTMENT GROUP INC. removed 1,276,270 shares (-47.6%) from their portfolio in Q4 2025, for an estimated $117,276,450
DRIEHAUS CAPITAL MANAGEMENT LLC added 954,164 shares (+inf%) to their portfolio in Q4 2025, for an estimated $87,678,129
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 771,280 shares (-75.9%) from their portfolio in Q4 2025, for an estimated $70,872,919
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 705,774 shares (-96.8%) from their portfolio in Q4 2025, for an estimated $64,853,572
ANALOG CENTURY MANAGEMENT LP removed 631,343 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $58,014,108
BANK OF NEW YORK MELLON CORP removed 504,182 shares (-31.5%) from their portfolio in Q4 2025, for an estimated $46,329,283

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Rambus Inc. Analyst Ratings

Wall Street analysts have issued reports on $RMBS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rosenblatt issued a "Buy" rating on 02/03/2026
William Blair issued a "Outperform" rating on 01/22/2026

To track analyst ratings and price targets for Rambus Inc., check out Quiver Quantitative's $RMBS forecast page.

Rambus Inc. Price Targets

Multiple analysts have issued price targets for $RMBS recently. We have seen 3 analysts offer price targets for $RMBS in the last 6 months, with a median target of $119.0.

Here are some recent targets:

Kevin Cassidy from Rosenblatt set a target price of $130.0 on 02/03/2026
Daniel Markowitz from Evercore ISI Group set a target price of $119.0 on 02/03/2026
Mehdi Hosseini from Susquehanna set a target price of $90.0 on 02/03/2026