$133.56
117.3% vs S&P 12m
Business overview
Memory and interface IP company with chips and IP enabling HBM, DDR5, CXL, and PCIe links critical to AI server bandwidth.
Niche but well-positioned: every incremental HBM or CXL slot at scale lifts Rambus content per server.
Products
- Memory interface chips
- Security IP
- HBM controllers
Customers (3)
- DRAM makers
- Server OEMs
- Hyperscalers
Competitors (3)
Composite score
Higher = stronger overall research case
Fundamental72
Technical81
Valuation25
AI relevance62
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 50
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 20.0%6M RS: 35.2%12M RS: 117.3%Vol30d: 107%DD52w: -15.7%
Financial summary
Curated, illustrative
Revenue
$721.16M
Growth (YoY)
8.1%
Gross margin
80.4%
Operating margin
34.3%
FCF
$249.79M
Capex
$116.02M
Net cash / (debt)
$762.74M
ROIC
11.1%
Customer conc.
Medium
Valuation
Market cap
$14.44B
Enterprise value
$13.68B
P/E (TTM)
63.6x
Forward P/E
36.7x
EV / Sales
19.0x
EV / EBITDA
45.3x
P / FCF
57.8x
PEG
3.8x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Cyclical memory exposure
- 3Concentration in top customers
Score components
What drove the composite
Growth47
Profitability89
Cash generation95
Balance sheet94
Moat / AI relevance62
Capital intensity (higher = lighter)45
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)21
Segment peers
Other companies in Semi IP