TOKYO, Japan — Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the three months ended March 31, 2026.
Summary of Consolidated Financial Results (Note 2)
Summary of Consolidated Financial Results (Non-GAAP basis) (Note 3)
| Three months ended March 31, 2026 | ||
|---|---|---|
| Billion yen | % of revenue | |
| Revenue (Note 1) | 372.3 | 100.0 |
| Gross profit | 220.3 | 59.2 |
| Operating profit | 125.4 | 33.7 |
| Profit attributable to owners of parent | 102.9 | 27.6 |
| EBITDA (Note 4) | 146.2 | 39.3 |
Note 1: The Timing business, for which a planned business transfer was announced in February 2026, has been excluded from Non‑GAAP financial measures starting from February 2026. On a basis excluding this adjustment, actual revenue amounted to 379.9 billion yen, representing an increase of 4.9 billion yen (1.3%), compared with the revenue forecast of 375.0 billion yen announced on February 5,2026.
Summary of Consolidated Financial Results (IFRS basis)
| Three months ended March 31, 2026 | ||
|---|---|---|
| Billion yen | % of revenue | |
| Revenue | 380.3 | 100.0 |
| Gross profit | 223.3 | 58.7 |
| Operating profit | 90.6 | 23.8 |
| Profit attributable to owners of parent | 68.1 | 17.9 |
| EBITDA (Note 4) | 138.0 | 36.3 |
Reconciliation of Non-GAAP gross profit to IFRS gross profit and Non-GAAP operating profit to IFRS operating profit
(Billion yen)
| Three months ended March 31, 2026 | |
|---|---|
| Non-GAAP gross profit Non-GAAP gross margin | 220.3 59.2% |
| Reconciliation items in non-recurring revenue (Note 5) | 8.0 |
| Amortization of purchased intangible assets and depreciation of property, plant and equipment | (0.1) |
| Stock-based compensation | (0.6) |
| Other reconciliation items in non-recurring expenses and adjustments (Note 6) | (4.2) |
| IFRS gross profit IFRS gross margin | 223.3 58.7% |
| Non-GAAP operating profit Non-GAAP operating margin | 125.4 33.7% |
| Reconciliation items in non-recurring revenue (Note 5) | 8.0 |
| Amortization of purchased intangible assets and depreciation of property, plant and equipment | (26.7) |
| Stock-based compensation | (8.2) |
| Other reconciliation items in non-recurring expenses and adjustments (Note 6) | (7.9) |
| IFRS operating profit IFRS operating margin | 90.6 23.8% |
Note 2: All figures are rounded to the nearest 100 million yen.
Note 3: Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS) figures following a certain set of rules. The Group believes Non-GAAP measures provide useful information in understanding and evaluating the Group’s constant business results.
Note 4: Operating profit + Depreciation and amortization.
Note 5: Non-recurring revenue that the Group has determined should be excluded.
Note 6: “Other reconciliation items in non-recurring expenses and adjustments” includes the non-recurring items related to acquisitions and other adjustments as well as non-recurring profits or losses the Group believes to be applicable.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE:6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, X, YouTube, and Instagram.