Renesas reports Q3 2025 results, full-year forecast, updates on Altium and Wolfspeed

Renesas reported a 2025 Q3 Non-GAAP revenue of JPY334.2 bn, up 2.9% QoQ, driven by strength in Industrial/Infrastructure/IoT, which saw a 7.6% QoQ increase. The company's Non-GAAP operating margin reached 30.9%, an improvement of 2.6 percentage points QoQ. For the full year 2025, Renesas forecasts Non-GAAP revenue between JPY1,300.115 bn and JPY1,315.115 bn, with a Non-GAAP operating margin of 28.5%.

Key strategic updates include progress on Altium integration, with Renesas 365 expected to launch by year-end, focusing on cost and revenue synergies. The company also announced a $299m valuation gain from its investment in Wolfspeed, following its Chapter 11 emergence, positively impacting its 3Q25 GAAP profit. Renesas maintains a strong balance sheet with a D/E ratio (net) of 0.48, and expects to report on platform KPIs and further Altium integration at its 2026 Capital Market Day.