Driven by strong demand from the automotive and data center sectors, major microcontroller (MCU) manufacturer Renesas Electronics saw its net profit surge by 40% last quarter. Despite this, the company’s share price failed to gain momentum and instead plummeted today.
As of the close of the morning session on the Japanese stock market on the 29th (10:30 AM Taipei time), Renesas shares had plunged 8.03% to 2,851 yen—a sharp reversal following a year-to-date gain of approximately 33%.
On the 29th, Renesas released its financial results for the most recent quarter (July–September 2024; figures are based on Non-GAAP accounting standards). Bolstered by rising demand in the automotive sector and a significant surge in requirements for infrastructure—such as data centers—the company’s consolidated revenue grew 30.2% year-on-year to 435.2 billion yen. Consolidated operating profit soared 45.8% to 150.5 billion yen, while consolidated net profit jumped 41.7% to 125 billion yen.
By segment, Renesas’ “Automotive” business (comprising MCUs, SoCs, analog chips, and power semiconductors) saw revenue grow 19.3% year-on-year to 189.5 billion yen, with operating profit rising 11% to 62.3 billion yen. The “Industrial/Infrastructure/IoT” business (also comprising MCUs, SoCs, analog chips, and power semiconductors) experienced a 46.4% surge in revenue to 243.8 billion yen, while operating profit soared 93.2% to 88.3 billion yen.
For the current quarter (October–December 2026), Renesas forecasts consolidated revenue of 454 billion yen (±7.5 billion yen), representing a 29.4% year-on-year increase (±2.1 percentage points). The company projects a gross margin of 58.0% (compared to 59.3% in the same period last year) and an operating margin of 32.0% (compared to 30.8% a year earlier).
For the full fiscal year (January–December 2026), Renesas expects consolidated revenue to reach 1.6668 trillion yen (±7.5 billion yen)—a 26.4% year-on-year increase (±0.6 percentage points). The company forecasts a gross margin of 58.6% (up from 57.6% in the previous year) and an operating margin of 33.2% (up from 29.3% in the previous year).