BN · rank #10 · 2026-09-08
RMBS
NASDAQ · $9.27B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.55 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +19.9% |
| Forward net margin Consensus forward net margin. | +32.4% |
| Net margin TTM Trailing twelve month net margin. | +31.7% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.7% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 3.80 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 0.07× |
| Analyst upside Spread between the consensus 12m target and the current price. | +73.0% |
| Last EPS surprise Most recent reported EPS versus consensus. | +10% |
| Market cap (USD) | $9.27B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Rambus is a chip and silicon IP company providing memory interface controllers, royalty licenses, and security IP for AI accelerators, data center servers, and client PCs, with revenue split across products, royalties, and contract services.
Rationale
Record Q2 revenue of $207.4M (first quarter above $200M), 20% YoY growth, HBM4E/SOCAMM2/DDR5-9600 product launches, and long-term license agreements with Micron (to 2029) and SK hynix (to 2034) directly validate the bottleneck-solver thesis — Rambus sits at the memory interface chokepoint in AI infrastructure with contractually anchored royalty visibility.
Material risks
- 1Major licensees Micron, SK hynix, AMD, and Intel have both the engineering resources and strategic incentive to internalize memory controller and interface IP, which would directly dismantle the royalty stream and product attach that underpin the bottleneck-solver edge.
- 2At fwd PEG 3.8x, the valuation already prices in sustained AI-driven growth, leaving the stock highly exposed to any deceleration in data center capex or adverse license renegotiation that compresses the 73% analyst upside implied by consensus targets.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.