RMBSNasdaqSemiconductors & Related DevicesUS GAAP · USD

Rambus, Inc

Rambus is a U.S.-based semiconductor company that designs memory interface chips, security silicon IP, and patent licenses for data-intensive computing systems. Its products and intellectual property are used in data center, AI infrastructure, edge, and client applications, with customers worldwide integrating Rambus technology into memory modules and custom silicon.

Kysy yhtiöstä
Liikevaihto708milj. USD
+27,1 %v/v
Liikevoitto (EBIT)260milj. USD
+42,2 %v/v
EBIT-marginaali36,8%
+3,9 %-yks.v/v
Nettotulos230milj. USD
+28,2 %v/v
Vapaa kassavirta333milj. USD
+66,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2000200400600800milj. USD2020: 246 milj. USD2020: EBIT −44 milj. USD20202021: 328 milj. USD2021: EBIT 24 milj. USD20212022: 455 milj. USD2022: EBIT 77 milj. USD20222023: 461 milj. USD2023: EBIT 154 milj. USD20232024: 557 milj. USD2024: EBIT 183 milj. USD20242025: 708 milj. USD2025: EBIT 260 milj. USD2025708260
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Rambus, Inc

Liiketoiminta

Osuus liikevaihdosta
Memory interface chips47 %

Physical chips used in server memory subsystems to improve bandwidth, capacity, power efficiency, and reliability.

Silicon IP28 %

Licensable design blocks for memory, interconnect, and security functions used in custom silicon and ASSPs.

Patent licenses20 %

Licenses to Rambus patents covering memory architecture, serial links, and security technologies.

Contract and other revenue5 %

Engineering, support, and other non-product revenue streams tied to customer programs.

Tuotteet

Raportoitu · osuus liikevaihdosta
49,1%39,5%11,4%FY2025100 %
  • Product Revenue49,1 %
  • Royalty39,5 %
  • Contractandother Revenue11,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Rambus sells to DRAM manufacturers, semiconductor companies, system OEMs, and cloud/data center customers that need high-bandwidth memory and security functions. Its IP and patent licensing business also serves a broad set of chipmakers and electronics companies that incorporate Rambus technology into their own products. Revenue is concentrated in a small number of customers, so individual design wins, renewals, and customer consolidation matter materially.

DRAM manufacturers

Buy memory interface chips and related technology to build high-performance server memory modules.

Semiconductor licensees

License Rambus IP blocks and patents for use in custom silicon, ASSPs, and FPGAs.

System and platform companies

Use Rambus technologies in end systems where memory bandwidth, power, and security matter.

Cloud and data center operators

Buy through the supply chain or influence adoption of memory technologies for AI infrastructure.

Strategia

Rambus is focused on memory and security technologies for data center and AI infrastructure, where bandwidth, power efficiency, and reliability are critical. The company is prioritizing its core semiconductor portfolio, expanding product relevance across memory subsystems and IP, and using its patent base to reinforce customer adoption and monetization. It also emphasizes reinvestment in product development and go-to-market execution around application-specific requirements.

Deepen position in memory interface chipsLyhyt aikaväli

This is the main product growth engine and ties directly to AI/data center demand.

Broaden silicon IP and security IP adoptionKeskipitkä aikaväli

IP licensing expands reach without requiring Rambus to build every end product itself.

Strengthen patent monetizationKeskipitkä aikaväli

Patents create recurring licensing opportunities and support the technology franchise.

Maantiede

Q1/2026

Rambus is headquartered in the United States but serves a global customer base, with a large share of revenue coming from customers headquartered outside the U.S. The company’s manufacturing and packaging depend on subcontractors located in multiple Asian facilities, while sales and licensing reach semiconductor and system companies worldwide. This geographic mix creates exposure to international demand, supply-chain disruption, and geopolitical trade restrictions.

Etelä-Korea48 %
Other countries (US filing)24 %
Singapore16 %
USA12 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Rambus faces customer concentration, rapid technology change, and cyclical semiconductor demand, all of which can cause sharp swings in orders and product mix. Its business also depends on third-party manufacturing, licensed IP, and global supply chains, so disruptions, trade restrictions, or quality issues can affect delivery and customer relationships. Because many products are used in complex systems, design wins, qualification, and end-market adoption are critical to future revenue.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration1Technology and product obsolescence2Supply-chain and subcontractor disruption3Customer adoption risk4Cybersecurity and IP protection5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Top customers represent a large share of revenue, so lost design wins or contract changes can materially reduce sales.

    Kohdistuu: Top five customers

  2. Technology and product obsolescenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Memory and interface standards evolve quickly, and Rambus must keep pace with customer requirements.

    Kohdistuu: Memory interface chips and IP

  3. Supply-chain and subcontractor disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Production and packaging rely on third parties in Asia, creating exposure to delays, quality issues, and geopolitical events.

    Kohdistuu: Manufacturing and packaging network

  4. Customer adoption riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Rambus technologies must be incorporated into customer products to generate revenue, and end-market success is outside its control.

    Kohdistuu: Licensing and product programs

  5. Cybersecurity and IP protectionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company’s value depends on proprietary designs and patents that could be targeted by unauthorized access or theft.

    Kohdistuu: IP assets and IT systems

Kysy Clarifolta: Rambus, Inc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Product, royalty, and contract revenue may be recognized at different times and under different performance obligations.

Vaikutus: Affects quarterly revenue timing and comparability

Goodwill and intangible assets

Acquired technology and patents must be tested for impairment and can create non-cash charges.

Vaikutus: Affects balance sheet carrying values and earnings

Income taxes

Tax estimates and uncertain positions can change with jurisdiction mix and profitability.

Vaikutus: Affects effective tax rate and net income

Litigation and contingencies

Patent and commercial disputes can require provisions or disclosures based on management judgment.

Vaikutus: Affects expenses and contingent liability disclosures

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Päivitetty: 24.9.2026

Rambus, Inc (RMBS) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo