Rambus Analysts Cut Their Forecasts Following Q4 Results

Rambus Inc. (NASDAQ:RMBS) posted in-line earnings for the fourth quarter on Monday.

Rambus reported record revenue of $190.2 million for the fourth quarter of 2025, surpassing expectations, with product revenue of $96.8 million, up 41% year over year. Rambus reported an adjusted EPS of 68 cents for the fourth quarter of 2025, in line with expectations.

Luc Seraphin, the CEO of Rambus, said, “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.”

Rambus expects first quarter 2026 revenue of $171 million to $189 million versus the analyst consensus of $189.30 million.

Rambus shares dipped 16.6% to trade at $94.85 on Tuesday.

These analysts made changes to their price targets on Rambus following earnings announcement.

• Evercore ISI Group analyst Daniel Markowitz maintained Rambus with an Outperform rating and lowered the price target from $126 to $119.
• Susquehanna analyst Mehdi Hosseini maintained the stock with a Neutral and lowered the price target from $100 to $90.

Considering buying RMBS stock? Here’s what analysts think:

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