Renesas Electronics (6723) Q3 2026 earnings summary

Executive summary

• Q3 non-GAAP revenue was ¥435.2B, up 30.2% YoY; growth excluding FX and one-time impact was 22.3%.

• Industrial, Infrastructure & IoT led segment growth; automotive gains included 28nm MCUs and R-Car Gen 4.

• The Timing Business transfer generated a ¥450.3B gain that materially lifted GAAP profit.

Financial highlights

• Q3 non-GAAP gross margin was 59.4%, operating profit ¥150.5B and operating margin 34.6%; EBITDA was ¥173.4B and profit attributable to owners ¥125.0B.

• Q3 GAAP revenue was ¥435.9B, operating profit ¥565.3B and net profit ¥372.4B, including the Timing Business sale gain.

• 9M IFRS revenue rose 27.3% to ¥1,234.7B; operating profit was ¥758.0B, including the sale gain.

• 9M non-GAAP revenue rose 25.3% to ¥1,212.8B and operating profit increased 46.5% to ¥408.7B.

Outlook and guidance

• FY2026 non-GAAP revenue forecast is ¥1,659.3B–¥1,674.3B, up 25.8%–27.0% YoY; midpoint gross margin is 58.6% and operating margin 33.2%.

• Q4 revenue forecast is ¥454.0B ±¥7.5B, up 29.4% YoY and 4.3% QoQ; gross margin is forecast at 59.3% and operating margin at 30.8%.

• Data center revenue is projected to grow at a mid-teens rate QoQ in Q4; higher digital-power capacity is expected to support stronger growth from FY2027 Q1.

• FY2026 revenue growth is forecast at 26.4% reported and 20% excluding FX.