HIGHOutside partyCustomer
66%
top-5 customers
“10-K Item 1A: 'Our top five customers for each reporting period represented approximately 66% of our consolidated revenue for the year ended December 31, 2025'”
RMBS · Concentration risk · 10-K extracted
Rambus (RMBS) concentration risks
Updated
The most significant concentration Rambus discloses is top-5 customers at 66%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Rambus’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
revenue outside the United States
“10-K Item 1A: 'A substantial portion of our revenue is derived from sources outside of the United States'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company carries a high-share customer concentration alongside a medium-share geographic exposure, and the two interact in a meaningful way. Its top five customers accounted for approximately 66% of consolidated revenue for the most recent fiscal year — a high share by disclosed size, and a dependency in character, meaning the loss or reduction of any one of those relationships could move revenue materially. The exposure reflects reliance on specific buyers' purchasing patterns rather than a broad structural feature of the end-market. Layered on top is a geographic exposure: a substantial portion of revenue is derived from sources outside of the United States. This is medium-share by disclosed size and structural in character, arising from where the company's end-markets and customers are located globally. It introduces currency and regulatory sensitivity that moves with broad macro and trade conditions rather than any single counterparty decision. Together, the profile is dominated by the customer side. The geographic element adds a diffuse, macro-driven overlay but does not introduce a discrete single-name risk. The more actionable monitoring point is the top-customer cohort, where any shift in design wins, licensing renewals, or program cycles at a small number of accounts could disproportionately affect reported results. The overall concentration profile is well-disclosed and typical for a semiconductor IP licensing business.
For the engine’s reasoning on RMBS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Semiconductors
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALAB | Astera Labs, Inc. | 3 | 0 | 0 | 3 |
| AVGO | Broadcom Inc. | 2 | 1 | 0 | 3 |
| ADI | Analog Devices, Inc. | 2 | 0 | 0 | 2 |
| ALGM | Allegro MicroSystems, Inc. | 1 | 2 | 0 | 3 |
| AMD | Advanced Micro Devices, Inc. | 1 | 2 | 0 | 3 |
| RMBS● | Rambus, Inc. | 1 | 1 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.