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Rambus

RMBS Q4 2025 Earnings

Reported Feb 2, 2026 at 4:07 PM ET · SEC Source

Q4 25 EPS

$0.68

BEAT +24.77%

Est. $0.55

Q4 25 Revenue

$190.2M

BEAT +1.16%

Est. $188.1M

vs S&P Since Q4 25

+27.2%

BEATING MARKET

RMBS +33.6% vs S&P +6.4%

Full Year 2025 Results

FY 25 EPS

$2.11

FY 25 Revenue

$707.6M

Market Reaction

Did RMBS Beat Earnings? Q4 2025 Results

Rambus closed out fiscal 2025 with a notably strong fourth quarter, posting non-GAAP diluted EPS of $0.68 against a consensus estimate of $0.55, a beat of 24.77%, while revenue of $190.24 million edged ahead of the $188.06 million estimate and grew 1… Read more Rambus closed out fiscal 2025 with a notably strong fourth quarter, posting non-GAAP diluted EPS of $0.68 against a consensus estimate of $0.55, a beat of 24.77%, while revenue of $190.24 million edged ahead of the $188.06 million estimate and grew 18.1% year over year. The primary engine behind the outperformance was a record quarter for product revenue at $96.78 million, fueled by the company's continued leadership in DDR5 Registered Clock Drivers and expanding contributions from newer products, alongside royalty revenue climbing to $71.68 million from $58.21 million a year ago. Full-year operating cash flow reached $360.00 million, with the balance sheet ending the period at $761.80 million in cash and marketable securities. Looking into Q1 2026, Rambus guided product revenue of $84.00 to $90.00 million and royalty revenue of $61.00 to $67.00 million, though the outlook was tempered somewhat by a disclosed supply chain disruption and the announced resignation of CFO Desmond Lynch, with John Allen stepping in as interim chief financial officer.

Key Takeaways

  • • Sustained leadership in DDR5 Registered Clock Drivers (RCDs)
  • • Growing contributions from new products
  • • Strong royalty revenue growth driven by increased licensing billings
  • • Record cash generation from operations
24/7 Wall St

RMBS YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

RMBS Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“2025 was a record-breaking year for Rambus, delivering strong growth in revenue and earnings, and new quarterly and annual highs for product revenue and cash from operations. Our sustained leadership in DDR5 RCDs and growing contributions from new products drove substantial year-over-year product growth. With a robust roadmap and deep expertise aligned to the secular trends transforming data center and AI, we are well positioned to meet industry needs and drive long-term profitable growth.”

— Luc Seraphin, Q4 2025 Earnings Press Release

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