RMBS on Nasdaq

Rambus

Logo: Rambus Incorporated, Public domain, via Wikimedia Commons5

American technology company

Rambus Inc. is an American technology company that designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products. The company, founded in 1990, is well known for inventing RDRAM and for its intellectual property-based litigation following the introduction of DDR-SDRAM memory.3 It was founded by Mike Farmwald.1 Its shares trade on Nasdaq under the symbol RMBS.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1990Founded1

Compare with CHIPMOS TECHNOLOGIES INC, Alpha & Omega Semiconductor or DAQO, or pick any stock.

  • TickerRMBS on Nasdaq1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersSunnyvale1
  • Websitewww.rambus.com
  • Legal formpublic company1
  • Incorporated inDE6
  • Business address4453 North First Street, Suite 100, San Jose, Ca 951346
  • Filer categoryLarge accelerated filer6
  • LEI2549000211GDCQSLV8334
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 27135454

Rambus Inc. is an American technology company that designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products. The company, founded in 1990, is well known for inventing RDRAM and for its intellectual property-based litigation following the introduction of DDR-SDRAM memory.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

79.6%Gross margin8
36.8%Operating margin8
32.6%Net margin8
27.1%Revenue growth, 20258
16.9%Return on equity8
$333.2MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product Revenue brought in 49% of the revenue Rambus broke down this way in fiscal 2025.

  1. Product Revenue$347.8M849%up 41% from 2024
  2. Royalty$279.4M839%up 24% from 2024
  3. Contract and other Revenue$80.5M811%down 4% from 2024
Products and services by year
Products and services202320242025
Product Revenue$224.6M$246.8M$347.8M
Royalty$150.1M$226.2M$279.4M
Contract and other Revenue$86.4M$83.6M$80.5M

Regions

South Korea brought in 47% of the revenue Rambus broke down this way in fiscal 2025.

  1. South Korea$329.3M847%up 67% from 2024
  2. Singapore$163.8M823%up 143% from 2024
  3. United States$124.1M818%down 38% from 2024
  4. Other Countries$90.5M813%up 0% from 2024
Regions by year
Regions202320242025
South Korea$152.3M$197.5M$329.3M
Singapore$53.3M$67.3M$163.8M
United States$176.8M$201.5M$124.1M
Other Countries$78.6M$90.3M$90.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue20¢$144.4M
  • Research and development26¢$187.7M
  • Selling, general and admin16¢$115.3M
  • Income tax7¢$51.5M
  • Profit32¢$230.5M

Out of $707.6M in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending7¢$26.8M
  • Share buybacks2¢$7.1M
  • Kept or used elsewhere91¢$326.1M

Out of $360.0M of cash from operations.8

Financial statements

Revenue91011128$707.6M in 2025+211% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $227.6M$227.6M20192020: $246.3M$246.3M2020+8%2021: $328.3M$328.3M2021+33%2022: $454.8M$454.8M2022+39%2023: $461.1M$461.1M2023+1%2024: $556.6M$556.6M2024+21%2025: $707.6M$707.6M2025+27%
Gross profit91011128$563.2M in 2025+220% since 2019
0$200.0M$400.0M$600.0M2019: $176.2M$176.2M20192020: $185.6M$185.6M2020+5%2021: $257.9M$257.9M2021+39%2022: $347.2M$347.2M2022+35%2023: $357.7M$357.7M2023+3%2024: $446.5M$446.5M2024+25%2025: $563.2M$563.2M2025+26%
Operating income91011128$260.2M in 2025
-$200.0M-$100.0M0$100.0M$200.0M$300.0M2019: -$100.1M-$100.1M20192020: -$44.1M-$44.1M2020−56%2021: $24.3M$24.3M20212022: $76.9M$76.9M2022+217%2023: $153.6M$153.6M2023+100%2024: $183.0M$183.0M2024+19%2025: $260.2M$260.2M2025+42%
Net income91011128$230.5M in 2025
-$200.0M0$200.0M$400.0M2019: -$86.0M-$86.0M20192020: -$40.5M-$40.5M2020−53%2021: $18.3M$18.3M20212022: -$14.3M-$14.3M20222023: $333.9M$333.9M20232024: $179.8M$179.8M2024−46%2025: $230.5M$230.5M2025+28%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Revenue$707.6M$556.6M$461.1M
Cost of product revenue$134.7M$95.9M$84.5M
Cost of contract and other revenue$2.9M$3.0M$5.4M
Amortization of acquired intangible assets$6.9M$11.2M$13.5M
Cost of revenue$144.4M$110.1M$103.4M
Gross profit$563.2M$446.5M$357.7M
Research and development$187.7M$162.9M$156.8M
Sales, general and administrative$115.3M$104.1M$108.1M
Amortization of acquired intangible assets$0$506.0K$1.2M
Restructuring and other charges$0$0$9.4M
Gain on divestiture$0$0-$90.8M
Impairment of assets$0$1.1M$10.0M
Change in fair value of earn-out liability$0-$5.0M$9.2M
Total operating expenses$303.0M$263.5M$204.1M
Operating income$260.2M$183.0M$153.6M
Interest income and other income (expense), net$23.1M$18.4M$11.3M
Loss on fair value adjustment of derivatives, net$0$0-$240.0K
Gain on sale of non-marketable equity security$0$0$23.9M
Interest expense-$1.4M-$1.4M-$1.5M
Interest and other income (expense), net$21.7M$17.0M$33.5M
Income before income taxes$282.0M$200.0M$187.2M
Provision for (benefit from) income taxes$51.5M$20.2M-$146.7M
Net income$230.5M$179.8M$333.9M
Basic net income per share$2.14$1.67$3.09
Diluted net income per share$2.11$1.65$3.01
Basic (in shares)107.5M shares107.4M shares108.2M shares
Diluted (in shares)109.2M shares109.0M shares110.9M shares

Compare Rambus with another company

Corporate structure

Rambus sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rambus

  • Rambus San Joe, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rambus reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$223.5M8 Dec 31, 2025$186.2M8 Dec 31, 2024+20.1%
Accumulated depreciation$110.5M8 Dec 31, 2025$110.6M8 Dec 31, 2024−0.2%
Property and equipment, net$113.1M8 Dec 31, 2025$75.5M8 Dec 31, 2024+49.7%
Operating-lease assets (leased space)$17.1M8 Dec 31, 2025$21.5M8 Dec 31, 2024−20.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$182.8M8 Dec 31, 2025$99.8M8 Dec 31, 2024+83.2%
Marketable securities, current$579.0M8 Dec 31, 2025$382.0M8 Dec 31, 2024+51.6%
Debt securities available for sale$579.0M8 Dec 31, 2025$382.0M8 Dec 31, 2024+51.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$286.8M8 Dec 31, 2025$286.8M8 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$10.2M8 Dec 31, 2025$17.1M8 Dec 31, 2024−40.4%
Finite-lived intangibles, gross$325.1M8 Dec 31, 2025$325.8M8 Dec 31, 2024−0.2%
Accumulated amortization$314.9M8 Dec 31, 2025$308.7M8 Dec 31, 2024+2.0%
Finite-lived intangibles, net$10.2M8 Dec 31, 2025$17.1M8 Dec 31, 2024−40.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$44.1M8 Dec 31, 2025$44.6M8 Dec 31, 2024−1.2%
Raw materials$17.3M8 Dec 31, 2025$14.8M8 Dec 31, 2024+16.8%
Work in process$17.0M8 Dec 31, 2025$9.6M8 Dec 31, 2024+76.6%
Finished goods$9.8M8 Dec 31, 2025$20.2M8 Dec 31, 2024−51.5%

Properties, in its own words

We lease our corporate headquarters in San Jose, California, occupying approximately 89,000 square feet, which includes executive, administrative, research and development, sales and marketing and service personnel. We also lease approximately 89,000 square feet of office space in India, which includes administrative, research and development and service personnel. Furthermore, we lease offices in other locations, including Canada, China, Finland, France, South Korea, the Netherlands and the United States, which include research and development and sales and marketing personnel.

We believe our current office space meets our operational needs. We anticipate that suitable replacement or additional space will be accessible on commercially reasonable terms when required.

Item 2 of the 10-K filed Feb 18, 2026.18

The story

Founded by Mike Farmwald in 1990.1

Rambus was founded in March 1990 by electrical and computer engineers, Mike Farmwald and Mark Horowitz. The company's early investors included premier venture capital and investment banking firms such as Kleiner Perkins Caufield and Byers, Merrill Lynch, Mohr Davidow Ventures, and Goldman Sachs.

Rambus was incorporated and founded as a California company in 1990 and then re-incorporated in the state of Delaware before the company went public in 1997 on the NASDAQ stock exchange under the symbol RMBS.

In the 1990s, Rambus was a high-speed interface technology development and marketing company that invented 600 MHz interface technology, which solved memory bottleneck issues faced by system designers. Rambus's technology was based on a very high speed, chip-to-chip interface that was incorporated on dynamic random-access-memory (DRAM) components, processors and controllers, which achieved performance rates over ten times faster than conventional DRAMs. Rambus's RDRAM transferred data at 600 MHz over a narrow byte-wide Rambus Channel to Rambus-compatible Integrated Circuits (ICs).

Described as a packet-oriented bus, said to be based on the system bus of the MIPS RC6280 server and developed by "key participants in the design" of that system, Rambus replaced the multiplexed addresses and control signals of conventional RAM by information in packets transmitted over a data channel. The bus as implemented by Toshiba for 4 Mbit dynamic RAM in 1993 ran at 250 MHz.

Rambus's interface was an open standard, accessible to all semiconductor companies, such as Intel. Rambus provided companies who licensed its technology a full range of reference designs and engineering services. Rambus's interface technology was broadly licensed to leading DRAM, ASIC and PC peripheral chipset suppliers in the 1990s. Licensees of Rambus's RDRAM technology included companies such as Creative Labs, Intel, Microsoft, Nintendo, Silicon Graphics, Hitachi, Hyundai, IBM, Molex, Macronix and NEC.

Rambus RDRAM technology was integrated into products such as Nintendo 64, Intel's system memory chipsets for PCs, Creative Labs Graphics Blaster 3D Graphics cards for PCs, workstations manufactured by Silicon Graphics and Microsoft's prototype Talisman 3D graphics chip set.

In 2003, Rambus Incorporated announced that Toshiba Corp. and Elpida Memory Inc. will produce its new memory technology, known as XDR DRAM. The memory technology is capable of running at 3.2 GHz and is said to be faster than any memory technology available in consumer entertainment devices and PCs at the time.

Rambus purchased Cryptography Research on June 6, 2011, for $342.5M. This will enable Rambus Inc. to develop its semiconductor licensing portfolio to include CRI's content protection and security. According to Rambus CEO Harold Hughes, the CRI security technologies would be applied to a variety of products in the company's IP portfolio.

Read the full text

Rambus derives the majority of its annual revenue by licensing its technologies and patents for chip interfaces to its customers. According to The Wall Street Journal, history of Rambus has been "marked by litigation, including patent battles with numerous chip makers".

In 2015, Rambus acquired Integrion Microelectronics, a small Toronto-based IP provider of high-speed analog SerDes PHY for an undisclosed amount. Through this acquisition, Rambus opened its first Canadian office and boosted its high-speed serdes IP portfolio offering. On August 17, 2015, Rambus announced the new R+ DDR4 server memory chips RB26 DDR4 RDIMM and RB26 DDR4 LRDIMM. The chipset includes a DDR4 Register Clock Driver and Data Buffer, and it is fully compliant with the JEDEC DDR4.

In 2016, Rambus acquired Semtech's Snowbush IP for US$32.5 million. Snowbush IP provides analog and mixed-signal IP technologies, and will expand Rambus' product offerings. In 2016, Rambus acquired Inphi Memory Interconnect Business, for US$90 million. The acquisition includes all assets of the Inphi Memory Interconnect Business, such as customer contracts, product inventory, supply chain agreements, and intellectual property. On November 2, 2017, Rambus announced partnership with Interac Association and Samsung Canada to assist in enabling Samsung Pay in Canada.

In 2018, Rambus agreed to renew a patent license with Nvidia. Rambus would be sharing its patent portfolio, including those covering serial links and memory controllers, with Nvidia. On December 11, 2019, Rambus HBM2 PHY and Memory Controller IP were announced to be used in Inflame Technology's AI training chip. In 2019, Rambus announced that it will move headquarters from Sunnyvale, California to North San Jose, California.

In 2021, Rambus announced that it started an expedited share buyback program with Deutsche Bank to buy up roughly $100 million in common stock. Rambus also acquired two companies, AnalogX and PLDA, which specialize in physical links for PCIe and CXL protocols. In May 2022, it was announced Rambus had acquired the Montreal-headquartered electronic design company, Hardent. In July 2023, Rambus sold its SerDes and memory interface PHY IP business to Cadence Design Systems for $110 million. In September 2023, it was announced the acquisition had been completed.

From Wikipedia’s article on Rambus, shared under CC BY-SA 4.0.7

Leadership

Who has led Rambus, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (47)

Products and brands

  • license

Listed on Wikidata.1

An early version of RDRAM, base RDRAM, was used in the Nintendo 64 that was released in 1996.

Disadvantages of RDRAM technology include significantly increased latency, power dissipation as heat, manufacturing complexity, and cost. PC800 RDRAM operated with a minimum latency of 45 ns, compared to 15 ns for PC133 SDRAM. RDRAMs can also be told to increase their latencies in order to prevent the possibility of two or more chips transmitting at the same time and causing a collision. However, SDRAM latency depends on the current state of memory so its latency can vary widely depending on what happened earlier and the strategy used by the SDRAM controller, while RDRAM latency is constant once it has been established by the memory controller. RDRAM memory chips also put out significantly more heat than SDRAM chips, necessitating heat sinks on all RIMM devices.

Rambus also developed and licensed its XDR DRAM technology, notably used in the PlayStation 3, and more recently XDR2 DRAM.

From Wikipedia’s article on Rambus, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Sep 4, 20268-K Executive or director change78
  2. Aug 5, 20268-K Entered a material agreement; New debt or obligation79
  3. Jul 27, 20268-K Results of operations80
  4. Apr 29, 20268-K Executive or director change81
  5. Apr 27, 20268-K Results of operations82
  6. Apr 24, 20268-K Shareholder vote; Other events83
  7. Feb 12, 20268-K Executive or director change84
  8. Feb 10, 20268-K Executive or director change85
  9. Feb 2, 20268-K Results of operations86
  10. Oct 27, 20258-K Results of operations87
  11. Jul 28, 20258-K Results of operations88
  12. Apr 30, 20258-K Shareholder vote89
  13. Jul 5, 2018New chief executive Luc Seraphin becomes CEO19
  14. Jul 5, 2012New chief executive Ronald D. Black becomes CEO20
  15. Feb 3, 2006New chief executive Harold Hughes becomes CEO21
  16. 1990Founded Founded1

Calendar

Coming up

  1. Oct 26, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.44 a share, on Oct 27, 2025.90

When it reported results

  1. Jul 27, 2026Reported quarterly or annual results80
  2. Apr 27, 2026Reported quarterly or annual results82
  3. Feb 2, 2026Reported quarterly or annual results86
  4. Oct 27, 2025Reported quarterly or annual results87
  5. Jul 28, 2025Reported quarterly or annual results88
  6. Apr 28, 2025Reported quarterly or annual results91
  7. Feb 3, 2025Reported quarterly or annual results92
  8. Oct 28, 2024Reported quarterly or annual results93

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

398 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 199 insider forms, 23 large holders, 109 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 2, 2026144 EDGAR
  3. Sep 24, 20264 EDGAR
  4. Sep 22, 2026144 EDGAR
  5. Sep 15, 20263 EDGAR
  6. Sep 4, 20268-K EDGAR
  7. Aug 10, 20264 EDGAR
  8. Aug 7, 2026144 EDGAR
  9. Aug 5, 20268-K EDGAR
  10. Jul 29, 2026SCHEDULE 13G/A EDGAR
  11. Jul 28, 202610-Q EDGAR
  12. Jul 27, 20268-K EDGAR
  13. Jun 5, 2026SCHEDULE 13G EDGAR
  14. Jun 3, 2026144 EDGAR
  15. Jun 3, 20264 EDGAR
  16. Jun 3, 20264 EDGAR
  17. Jun 2, 2026144 EDGAR
  18. Jun 2, 20264 EDGAR
  19. Jun 1, 2026144 EDGAR
  20. Jun 1, 2026SD EDGAR

The 398 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

108 open-market trades by officers, directors and large owners since October 2021: 0 buys and 108 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 22, 2026KISSNER CHARLESDirectorSale5,000$105.00$525.0KForm 4
Aug 7, 2026KISSNER CHARLESDirectorSale5,000$100.92$504.6KForm 4
Jun 3, 2026Sayiner NecipDirectorSale5,000$170.15$850.8KForm 4
Jun 2, 2026Higashi EmikoDirectorSale10,000$160.50$1.6MForm 4
Jun 1, 2026STANG ERIC BDirectorSale5,000$146.00$730.0KForm 4
May 26, 2026Higashi EmikoDirectorSale5,000$157.57$787.9KForm 4
May 26, 2026FAN XIANZHI SEANEVP, COOSale37,914$151.69$5.8MForm 4
May 22, 2026Shinn JohnSVP, General CounselSale1,000$143.63$143.6KForm 4
May 8, 2026Sayiner NecipDirectorSale9,824$130.18$1.3MForm 4
May 7, 2026LAUB STEVENDirectorSale1,500$125.52$188.3KForm 4
Apr 24, 2026Rao MeeraDirectorSale2,972$150.30$446.7KForm 4
Apr 14, 2026Rao MeeraDirectorSale8,538$118.08$1.0MForm 4
Apr 2, 2026Seraphin LucPresident and CEOSale5,426$86.65$470.2KForm 4
Mar 10, 2026Shinn JohnSVP, General CounselSale4,556$88.68$404.0KForm 4
Mar 3, 2026Shinn JohnSVP, General CounselSale4,557$93.55$426.3KForm 4
Mar 2, 2026Seraphin LucPresident and CEOSale39,914$98.63$3.9MForm 4
Feb 23, 2026Lynch DesmondSVP, CFOSale4,273$101.53$433.8KForm 4
Nov 10, 2025STANG ERIC BDirectorSale4,000$111.79$447.2KForm 4
Nov 7, 2025STANG ERIC BDirectorSale5,000$102.35$511.8KForm 4
Oct 6, 2025Lynch DesmondSVP, CFOSale9,074$101.50$921.0KForm 4

All 108 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Luc Seraphin62$726.2K$9.5M101
2025Sean Fan$541.2K$6.4M101
2025Desmond Lynch$453.8K$2.9M101
2025John Shinn$417.5K$1.6M101
2024Chief Executive$687.5K$7.2M101
2024Executive VicePresident,$527.5K$4.1M101
2024Senior Vice PresidentFinance, and$432.5K$2.4M101
2023Officer$625.0K$8.4M101
2023Chief Operating Officer$509.2K$4.9M101
2023Chief Financial Officer$399.0K$2.7M101
2023General Counsel$380.2K$1.6M101

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,964,477$1.9B0.0%−2,340,829
Fmr LLC10,460,026$1.4B0.1%+7,141,577
Invesco Ltd.6,632,458$880.4M0.1%+133,410
Vanguard Portfolio Management LLC6,068,516$805.5M0.0%−575,804
Vanguard Capital Management LLC4,874,385$647.0M0.0%+46,531
State Street Corp3,915,113$519.5M0.0%−458,504
Geode Capital Management, LLC2,297,660$305.1M0.0%−826,835
Jpmorgan Chase & Co2,101,418$261.0M0.0%+264,918
Dimensional Fund Advisors LP1,719,400$228.2M0.0%−75,895
Swedbank AB1,646,500$218.6M0.2%+83,500
Norges Bank1,532,622$203.4M0.0%New
Morgan Stanley1,444,281$191.7M0.0%+231,084
Neuberger Berman Group LLC1,311,777$173.4M0.1%+9,608
Bank Of America Corp /de/1,218,726$161.8M0.0%−142,844
Aqr Capital Management LLC1,211,009$152.5M0.1%−39,447
Charles Schwab Investment Management Inc1,109,132$147.2M0.0%−217,270
EdgePoint Investment Group Inc.1,086,213$144.2M1.1%−861,529
Rafferty Asset Management, LLC984,388$130.7M0.3%+238,869
Goldman Sachs Group Inc960,878$127.5M0.0%+38,773
Northern Trust Corp949,113$126.0M0.0%−384,982
Bank of New York Mellon Corp828,233$109.9M0.0%+48,355
Manufacturers Life Insurance Company, The797,195$105.8M0.1%+694,792
Congress Asset Management Co777,993$103.3M0.6%−497,985
PointState Capital LP764,172$101.4M1.8%+62,865
D. E. Shaw & Co., Inc.739,701$98.2M0.1%+726,896

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 10, 2023Thomas R Carper, SenateSale$1,001 - $15,000−15.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Rambus is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRAMBUS INC2
  • CIK0000917273
  • Employer ID (EIN)94-311282818
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)3674 Semiconductors & Related Devices2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address4453 North First Street, Suite 100, San Jose, CA 951342
  • Phone408-462-80002
  • Shares outstanding108,136,967 as of Mar 31, 202613
  • Public float$5.2B as of Jun 30, 202518
  • AuditorKPMG LLP, Santa Clara, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceMar 6, 19972
  • Filings1,813 in all: 4 (928), 8-K (328), SC 13G/A (91), 10-Q (88), 144 (84), 3 (44), DEF 14A (29), 10-K (26)2
    All 49 form types

    SC 13G (24), S-8 (20), DEFA14A (17), UPLOAD (17), 4/A (16), SD (11), CORRESP (10), S-1/A (6), SCHEDULE 13G (6), SCHEDULE 13G/A (6), CT ORDER (5), 424B3 (4), NT 10-Q (4), SC TO-I/A (4), 10-K405 (3), 5 (3), 8-K/A (3), ARS (3), 10-Q/A (2), 3/A (2), 8-A12G/A (2), D (2), DEFR14A (2), PRE 14A (2), S-3ASR (2), SC TO-C (2), SC TO-I (2), SEC STAFF LETTER (2), 10-K/A (1), 10-QT (1), 424B4 (1), 424B5 (1), 8-A12G (1), DEFS14A (1), FWP (1), NT 10-K (1), POS AM (1), PRES14A (1), S-1 (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2026
    Quarterly report (10-Q) Jul 28, 2026
    Proxy statement (DEF 14A) Mar 6, 2026
    Latest 8-K (8-K) Sep 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.001 Par ValueRMBSThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Rambus names in Item 1A of its 10-K filed Feb 18, 2026: 52 risks under these headings, as written.18

  • Risks Associated with Our Business, Industry and Market Conditions
  • We have traditionally operated in, and may enter other, industries that are highly cyclical and competitive.
  • Much of our revenue is concentrated in a few customers, and if we lose any of these customers through contract terminations, acquisitions or other means, our revenue may decrease substantially.
  • Some of our revenue is subject to the pricing policies of our customers over which we have no control.
  • Our customers often require our products to undergo a lengthy and expensive qualification process which does not assure product sales. If we are unsuccessful or delayed in qualifying any of our products with a customer, our business and operating results would suffer.
  • Products that fail to meet their specifications or are defective could impose significant costs on us or result in loss of business.
  • We may not be successful with new product introduction and/or expanding into new markets.
  • If we do not keep pace with technological innovations or customers’ increasing technological requirements, we may not be able to enhance our existing products, our products may not be competitive and our revenue and operating results may suffer.
  • If our customers do not incorporate our technologies into their products, or if our customers’ products are not commercially successful, our business would suffer.
  • We purchase inventory in advance based on expected demand for our products, and if demand is not as expected, we may have insufficient or excess inventory, which could adversely impact our financial condition.
  • The markets for semiconductor products are cyclical, and increased levels of inventory may lead to overcapacity and lower prices, and conversely, if we do not hold sufficient inventory, we may not be able to satisfy unexpected demand for our products.
  • Our business is dependent on distributors to service our end customers.
The other 41 risks
  • A meaningful portion of our future revenue depends on sustaining or growing our licensing revenue and the failure to achieve such revenue would lead to a material decline in our results of operations.
  • Our licensing cycle is lengthy and costly, and our marketing and licensing efforts may be unsuccessful.
  • Some of our license agreements may convert from royalty generating to fully paid-up licenses at the expiration of their terms or upon certain milestones, and we may not receive royalties after that time.
  • Future revenue is difficult to predict for several reasons, and our failure to predict revenue or revenue trends accurately may result in our stock price declining.
  • We may fail to meet our publicly announced guidance or other expectations about our business, which would likely cause our stock price to decline.
  • A substantial portion of our revenue is derived from sources outside of the United States and this revenue and our business generally are subject to risks related to international operations that are often beyond our control.
  • Weak global economic conditions may adversely affect demand for the products and services of our customers and could otherwise harm our business.
  • Any failure in our delivery of high-quality technical support services may adversely affect our relationships with our customers and our financial results.
  • Our operations are subject to the effects of inflation.
  • Risks Associated with Our Supply and Third Party Manufacturing
  • We rely on third parties for a variety of services, including manufacturing, and these third parties’ failure to perform these services adequately or change our allocation of their services/capacity due to industry or other pressures could materially and adversely affect our business.
  • If the manufacturing and/or packaging process for our products is disrupted by operational issues, natural disasters or other events, our business, results of operations or financial condition could be materially adversely affected.
  • We rely on a number of third-party providers for data center hosting facilities, equipment, maintenance and other services, and the loss of, or problems with, one or more of these providers may impede our growth or cause us to lose customers.
  • Certain software and/or IP blocks that we use in or with some of our products are licensed from third parties and, for that reason, may not be available to us in the future. This has the potential to delay product development and production or cause us to incur additional expense, which could materially adversely affect our business, financial condition, operating results and cash flow.
  • Risks Associated with Our Business Operations
  • Our business and operations could suffer in the event of physical and cybersecurity breaches and incidents.
  • Failures in our products and services or in the products of our customers, including those resulting from security vulnerabilities, defects, bugs or errors, could harm our business.
  • Changes in accounting principles and guidance could result in unfavorable accounting charges or effects.
  • We have in the past made and may in the future make acquisitions or enter into mergers, strategic investments, sales of assets, divestitures or other arrangements that may not produce expected operational benefits or operating and financial results.
  • If our counterparties are unable to fulfill their financial and other obligations to us, our business and results of operations may be affected adversely.
  • If we are unable to attract and retain qualified personnel globally, our business and operations could suffer.
  • Our operations are subject to risks of natural disasters, acts of war, terrorism, widespread illness, security breaches or incidents at our domestic and international locations, any one of which could result in a business stoppage and negatively affect our operating results.
  • We rely upon the accuracy of our customers’ recordkeeping, and any inaccuracies or payment disputes for amounts owed to us under our licensing agreements may harm our results of operations.
  • Our business and operating results could be harmed if we undertake any restructuring activities.
  • Problems with our information systems could interfere with our business and could adversely impact our operations.
  • Certain software we use is from open source code sources, which, under certain circumstances, may lead to unintended consequences and therefore could materially adversely affect our business, financial condition, operating results and cash flow.
  • In the future, we may fail to maintain an effective system of internal control over financial reporting or adequate disclosure controls and procedures, which may result in material misstatements of our consolidated financial statements or cause us to fail to meet our periodic reporting obligations.
  • Unanticipated changes in our tax rates or in the tax laws, treaties and regulations could expose us to additional income tax liabilities, which could affect our operating results and financial condition.
  • Risks Associated with Litigation, Regulation and Our Intellectual Property
  • We are subject to various government restrictions and regulations, including on the sale of products and services that use encryption and other technology, those related to privacy, other consumer protection matters, other import/export controls and national security matters.
  • Litigation and government proceedings could affect our business in materially negative ways.
  • We have in the past, and may in the future, become engaged in litigation stemming from our efforts to protect and enforce our patents and IP and make other claims, which could adversely affect our IP rights, distract our management and cause substantial expenses and declines in our revenue and stock price.
  • From time to time, we are subject to proceedings by government agencies that may result in adverse determinations against us and could cause our revenue to decline substantially.
  • Litigation or other third-party claims of IP infringement could require us to expend substantial resources and could prevent us from developing or licensing our technology on a cost-effective basis.
  • If we are unable to protect our inventions successfully through the issuance and enforcement of patents, our operating results could be adversely affected.
  • Our inability to protect the IP we create and own would cause our business to suffer.
  • Third parties may claim that our products or services infringe on their IP rights, exposing us to litigation that, regardless of merit, may be costly to defend.
  • Any dispute regarding our products or services may require us to indemnify certain customers, the cost of which could severely hamper our business operations and financial condition.
  • Warranty, service level agreement and product liability claims brought against us could cause us to incur significant costs and adversely affect our operating results, as well as our reputation and relationships with customers.
  • Participation in standards setting organizations may subject us to IP licensing requirements or limitations that could adversely affect our business and prospects.
  • Risks Associated with Capitalization Matters
  • The price of our common stock may continue to fluctuate.
  • Compliance with changing regulation of corporate governance and public disclosure may result in additional expenses.
  • Our amended and restated certificate of incorporation and amended and restated bylaws, Delaware law and certain other agreements contain provisions that could discourage transactions resulting in a change in control, which may negatively affect the market price of our common stock.
  • Our amended and restated bylaws provide that the Court of Chancery of the State of Delaware and the federal district courts of the United States will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.

Legal proceedings

We are not currently a party to any material pending legal proceeding; however, from time to time, we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. Although the results of litigation and claims cannot be predicted with certainty, we currently believe that the final outcome of these ordinary course matters will not have a material adverse effect on our business, operating results, financial position or cash flows. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management attention and resources and other factors.

The opening of Item 3, Legal Proceedings.18

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