Rambus, Inc. (NASDAQ:RMBS) reported mixed first-quarter results after Monday’s closing bell.

Rambus reported quarterly earnings of 63 cents per share, which missed the consensus estimate of 64 cents. Quarterly revenue came in at $180.19 million, which beat the Street estimate of $177.93 million, according to Benzinga Pro data.

"Rambus opened 2026 with a solid first quarter, delivering financial results in line with guidance and generating strong cash from operations," said Luc Seraphin, president and CEO of Rambus.

Rambus sees second-quarter revenue in a range of $190 million to $208 million, versus the $196.21 million analyst estimate.

Rambus shares fell 23.2% to trade at $108.47 on Tuesday.

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

  • Rosenblatt analyst Kevin Cassidy maintained Rambus with a Buy and raised the price target from $130 to $150.
  • Evercore ISI Group analyst Daniel Markowitz maintained the stock with an Outperform rating and raised the price target from $119 to $172.
  • Wells Fargo analyst Aaron Rakers maintained Rambus with an Overweight rating and raised the price target from $115 to $145.

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

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