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Renesas Electronics Corporation (RNECF)
:RNECF
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.3Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 26.42%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there are positive expectations for future growth in the automotive and data center segments, the company faced significant challenges in FY '24 with an overall revenue decline and decreased operating margins. Inventory management and changes in revenue recognition standards also posed challenges.Company Guidance
During the earnings call for Renesas Electronics' fourth quarter and full year of FY 2024, the company provided several key metrics and guidance for the upcoming periods. For the fourth quarter, Renesas reported revenues of JPY 292.6 billion, with a gross margin of 54.9% and an operating profit of JPY 75.4 billion, leading to an operating margin of 25.8%. The net profit stood at JPY 71.9 billion, and the EBITDA was JPY 98.2 billion. Throughout FY 2024, the company achieved total revenues of JPY 1,348.5 billion, a gross margin of 56.1%, an operating profit of JPY 397.9 billion, and an operating margin of 29.5%. The full-year net profit was JPY 360.4 billion, with an EBITDA of JPY 486.2 billion. Looking forward to Q1 FY 2025, Renesas anticipates a revenue midpoint of JPY 309 billion, representing a year-on-year decline of 12.2% but a quarter-on-quarter increase of 5.6%. The gross margin is expected to be around 54%, with an operating margin of 24%. The company also outlined changes in the revenue recognition standards for Altium, impacting the revenue trends temporarily. Overall, Renesas remains cautiously optimistic, expecting gradual improvements in the outlook while acknowledging ongoing uncertainties.Improvement in Gross Margin
Gross margin improved by 2.4 percentage points compared to the forecast for Q4 due to production cost improvements and conservative variable cost management.
Q1 Revenue Growth Expectation
Revenue for Q1 is forecasted to increase by 5.6% quarter-on-quarter, with an expected revenue of JPY309 billion.
Automotive Segment Growth
Automotive segment has shown modest year-on-year growth, with expectations for continued content increase and utilization improvement.
Strong Data Center Prospects
Anticipated growth of more than 2x in cloud infrastructure business, driven by power management improvements and increasing demand for AI and cloud services.
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RNECF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RNECF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $13.25 | $15.02 | +13.36% |
| Oct 31, 2024 | $12.20 | $12.84 | +5.25% |
| Jul 26, 2024 | $16.27 | $17.23 | +5.90% |
| Apr 25, 2024 | $16.04 | $16.33 | +1.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Renesas Electronics Corporation (RNECF) report earnings?
Renesas Electronics Corporation (RNECF) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Renesas Electronics Corporation (RNECF) earnings time?
Renesas Electronics Corporation (RNECF) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNECF EPS forecast?
RNECF EPS forecast for the fiscal quarter 2025 (Q1) is 0.26.
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