Is Rambus Stock Outperforming Its Rivals?

RMBS: Rambus logo
RMBS
Rambus

Rambus stock has dramatically outperformed its peers over the past year. But how does this memory interface specialist, crucial for high-speed memory and interconnects in AI and data centers, truly measure up against rivals scaling in these markets? A closer look reveals stellar profitability and strong revenue growth, yet its high valuation suggests limited upside, even with robust demand for its high-performance memory and interconnect solutions.

  • RMBS’s 36.5% operating margin, highest among peers, stems from its high-margin IP licensing for data center and AI solutions.
  • RMBS’s 31.0% revenue growth, outpacing many peers, is fueled by DDR5 memory interface chip demand for AI and data centers.
  • RMBS gained 99.7% in a year, outperforming peers, and trades at PE 59.2, reflecting strong AI data center and memory IP growth expectations.

Here’s how Rambus stacks up across size, valuation, and profitability versus key peers.

  RMBS AMAT TXN ADI MTSI DIOD
Market Cap ($ Bil) 13.6 258.6 176.7 149.7 16.8 2.7
Revenue ($ Bil) 0.7 28.4 17.3 11.0 1.0 1.4
PE Ratio 59.2 36.9 35.0 66.0 -310.8 42.7
LTM Revenue Growth 31.0% 4.4% 9.9% 16.9% 32.6% 10.4%
LTM Operating Margin 36.5% 29.9% 34.8% 27.2% 13.4% 2.3%
LTM FCF Margin 43.1% 20.1% 12.0% 38.8% 15.8% 13.1%
12M Market Return 99.7% 70.3% 2.8% 40.0% 52.1% -6.5%

For more details on Rambus, read Buy or Sell RMBS Stock. Below we compare RMBS’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
RMBS 31.0% 20.7% 1.4% 38.5%
AMAT 4.4% 4.4% 2.5% 2.8%  
TXN 9.9% -10.7% -12.5% 9.2%
ADI 16.9% 16.9% -23.4% 2.4%  
MTSI 32.6% 32.6% 12.5% -4.0%  
DIOD 10.4% -21.1% -16.9% 10.8%

Operating Margin Comparison

  LTM 2025 2024 2023 2022
RMBS 36.5% 32.2% 19.8% 17.6%
AMAT 29.9% 29.9% 28.9% 28.9%  
TXN 34.8% 34.1% 41.8% 51.9%
ADI 27.2% 27.2% 22.0% 32.4%  
MTSI 13.4% 13.4% 10.1% 16.6%  
DIOD 2.3% 3.9% 15.1% 20.2%

PE Ratio Comparison

  LTM 2025 2024 2023 2022
RMBS 59.2 54.9 17.1 -522.1
AMAT 36.9 29.5 18.7 19.9  
TXN 35.0 33.0 26.2 17.8
ADI 66.0 59.1 64.5 30.1  
MTSI -310.8 -233.8 121.6 71.9  
DIOD 42.7 51.8 12.4 11.0

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