On July 30, Rambus rose 5.88% in regular trading, trading at $88.36/share, with turnover of $26.55 million. The stock rebounded as the broader semiconductor sector staged a strong recovery while the company's recent earnings beat continued to underpin sentiment.

Rambus reported Q2 adjusted EPS of $0.77, beating the consensus estimate of $0.72 by 6.94%, representing a 24.19% year-over-year increase. Revenue came in at $207.4 million, surpassing the $199 million estimate, up 20.4% year-over-year. Q3 guidance projects revenue of $210-$216 million and adjusted EPS of $0.75-$0.82, largely in line with expectations.

Despite the earnings beat, Rambus had previously fallen sharply from a post-earnings high of $106.3 after Morgan Stanley warned that memory contract prices would peak in Q4, triggering a sector-wide selloff. The current rebound is supported by a broad semiconductor sector recovery, with Micron Technology up 13.06%, AMD up 11.7%, SK hynix up 11.49%, Intel up 10.49%, and NVIDIA up 2.27%.

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