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Rambus RMBS Reportable — Research And Development Expense Adjusted

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Other financials

Income statement

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Revenue$207.4M+20.4%
Gross profit$165.4M+20.4%
Operating income$72.7M+15.5%
Net income$67.6M+16.7%
EPS (diluted)$0.61+15.1%

Balance sheet

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Cash & equivalents$87.7M0.0%
Total debt$21.8M-22.0%
Total equity$1.5B+19.4%
Total assets$1.6B+9.8%

Cash flow

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Operating cash flow$61.2M-35.1%
CapEx$9.1M+39.4%
Free cash flow$52.2M-40.6%

Valuation

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Market cap$10.59B+37.6%
Enterprise value$10.53B+37.8%
P/E44.2×+10.6×
P/S14×+2.1×

Profitability

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Gross margin79.5%-0.8pp
Operating margin35.5%-1.5pp
Net margin31.7%-3.8pp
FCF margin39.6%-1.0pp

Returns & leverage

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Return on equity17.8%-2.5pp
Debt / equity0.0×
Current ratio9.8×-1.1×

Where this comes from

Reported directly by Rambus in its filing.

Tagged under the XBRL concept rmbs:ResearchAndDevelopmentExpenseAdjusted.

The source filing: Rambus’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-321000
(In thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenue$207,385$172,209$387,574$338,873
Adjusted cost of revenue (1)(40,165)(32,822)(74,883)(63,789)
Adjusted research and development (2)(45,036)(40,891)(90,011)(78,980)
Adjusted sales, general and administrative (3)(28,523)(19,465)(53,403)(40,812)
Other segment items:
Stock-based compensation expenses (4)(15,886)(14,233)(27,339)(25,616)
Restructuring charges (6)(3,320)(3,320)
Amortization of acquired intangible assets (4)(1,620)(1,721)(3,295)(3,434)

Item 1. Financial Statements

FAQ

What is Rambus's reportable — research and development expense adjusted?
Rambus (RMBS) reported reportable — research and development expense adjusted of $45.04M in Q2 2026.
How has Rambus's reportable — research and development expense adjusted changed year-over-year?
Rambus's reportable — research and development expense adjusted increased by 10.1% year-over-year, from $40.89M to $45.04M.
What is the long-term trend for Rambus's reportable — research and development expense adjusted?
Over 3 years (2022 to 2025), Rambus's reportable — research and development expense adjusted has grown at a 5.4% compound annual growth rate (CAGR), from $142.85M to $167.05M.
What does reportable — research and development expense adjusted mean?
This metric captures the adjusted expenditures dedicated to the innovation, design, and development of new semiconductor technologies and intellectual property. It is a critical indicator of the company's commitment to maintaining its competitive edge in high-speed memory and chip architecture.

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