Renesas Electronics
ConvictionContext
Fab-lite semiconductor IDM: in-house mature-node fabs plus TSMC foundry for advanced nodes; sells MCUs/SoCs/analog/power into automotive (~48% of revenue) and industrial/infrastructure/IoT (~52%), increasingly bundled as 'winning combination' reference designs; recurring software revenue via Altium (PCB/electronics design cloud)
Revenue
JPY 1,321.2B~$8.6B at the 154 planning rate) IFRS, FY2025 (CY, ended Dec 31 2025); non-GAAP JPY 1,318.5BRev growth
-2.0% YoY IFRS-2.2% non-GAAP) FY2025; inflected to +20.6% YoY in Q1 2026 (non-GAAP, ex-Timing) / +23.2% IFRSGross margin
57.1% IFRS / 57.6% non-GAAPFY2025); 59.2% non-GAAP in Q1 2026Op margin
15.2% IFRS / 29.3% non-GAAPFY2025); 33.7% non-GAAP in Q1 2026Capex intensity
~9% of revenueFY2025 net investing outflow JPY 124.7B, mainly PP&E + intangibles; fab-lite model). Pure PP&E capex not separately broken out in the summary releaseMarket cap
~$53.7BJPY ~8.72T) - TSE:6723, as of 2026-07-09 (at ~162 JPY/USD spotMembers only
Full financial intelligence for Renesas Electronics
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
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