Rambus (Nasdaq: RMBS) is expected to report Q2 earnings around July 19. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Rambus's revenues will wither -4.9% and EPS will remain in the red.

The average estimate for revenue is $62.9 million. On the bottom line, the average EPS estimate is -$0.20.

Revenue details
Last quarter, Rambus logged revenue of $62.9 million. GAAP reported sales were 0.5% higher than the prior-year quarter's $62.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at -$0.25. GAAP EPS were -$0.25 for Q1 against -$0.04 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 88.6%, 640 basis points worse than the prior-year quarter. Operating margin was -18.8%, 3,880 basis points worse than the prior-year quarter. Net margin was -44.4%, 3,760 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $255.3 million. The average EPS estimate is -$0.75.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 431 members out of 524 rating the stock outperform, and 93 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Rambus a green thumbs-up, and 28 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rambus is outperform, with an average price target of $16.00.

New mobile devices are changing the game, and potential profitability, at many semiconductor companies. Some will fail, some will tread water, and those in the right devices will shine. Where does Rambus fit in? Who will lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.