Renesas forecasts strong 2025 performance, attributes to strategic initiatives

Renesas Electronics Corporation announced a consolidated full-year 2025 Non-GAAP revenue forecast of JPY 1,300,115 million to JPY 1,315,115 million, with a Gross Margin of 57.0% and Operating Margin of 28.5%. This follows a nine-month (January-September) Non-GAAP revenue of JPY 967.6 bn and Operating Profit of JPY 278.9 bn. The company attributes this positive outlook to mix improvement, increased utilization, decreased operating costs, and a strategic shift of R&D expenses.

Key to this performance is the progress in Altium integration, with Renesas 365 expected to launch by year-end, along with established platform KPIs. Total assets are projected to be JPY 4,012.7 bn by September 2025, reflecting a decrease from JPY 4,490.4 bn at year-end 2024, primarily due to currency fluctuations impacting goodwill and intangible assets.

Renesas forecasts a Q4 2025 Non-GAAP revenue midpoint of JPY 340.0 bn, with a Gross Margin of 57.0% and Operating Margin of 27.5%. The exchange rate assumptions for the full year 2025 forecast are JPY 149 per USD and JPY 167 per Euro.