Renesas Electronics Swings to Nine-Month Profit, Guides FY26 Revenue Growth; Shares Fall 6%

Renesas Electronics Corp. (RNECF, 6723.T) swung to a profit in the first nine months of fiscal 2026, posting profit attributable to owners of 589.526 billion yen, or 318.18 yen per share, versus a year-earlier loss of 69.086 billion yen, or 38.28 yen per share. Shares fell 5.98 percent to 2,914.50 yen in Tokyo despite the results. Operating profit surged 466 percent to 757.991 billion yen from 133.921 billion yen. Revenue rose 27.3 percent to 1.235 trillion yen from 969.675 billion yen. For fiscal 2026, the Japanese semiconductor maker projects an adjusted operating margin of 33.2 percent at the midpoint of its range, up 3.9 percentage points year over year, and adjusted revenue of 1.659 trillion yen to 1.674 trillion yen, representing growth of 25.8 percent to 27.0 percent.