Renesas Electronics reported third-quarter 2025 results showing stable revenue and strong profitability on a non-GAAP basis, alongside IFRS figures that reflect the impact of purchase accounting and other non-recurring items.

Third quarter 2025 (non-GAAP)
• Revenue: 334.2 billion yen
• Gross profit: 192.5 billion yen (gross margin 57.6%)
• Operating profit: 103.2 billion yen (operating margin 30.9%)
• Profit attributable to owners of parent: 88.2 billion yen (margin 26.4%)
• EBITDA: 122.5 billion yen (margin 36.7%)

Third quarter 2025 (IFRS)
• Revenue: 335.4 billion yen
• Gross profit: 192.3 billion yen (gross margin 57.3%)
• Operating profit: 72.6 billion yen (operating margin 21.7%)
• Profit attributable to owners of parent: 106.3 billion yen (margin 31.7%)
• EBITDA: 117.4 billion yen (margin 35.0%)

Nine months ended September 30, 2025 (non-GAAP)
• Revenue: 967.6 billion yen
• Gross profit: 552.0 billion yen (gross margin 57.1%)
• Operating profit: 278.9 billion yen (operating margin 28.8%)
• Profit attributable to owners of parent: 239.3 billion yen (margin 24.7%)
• EBITDA: 336.3 billion yen (margin 34.8%)

Nine months ended September 30, 2025 (IFRS)
• Revenue: 969.7 billion yen
• Gross profit: 546.5 billion yen (gross margin 56.4%)
• Operating profit: 133.9 billion yen (operating margin 13.8%)
• Profit (loss) attributable to owners of parent: negative 69.1 billion yen (margin negative 7.1%)
• EBITDA: 276.7 billion yen (margin 28.5%)

The gap between non-GAAP and IFRS results primarily reflects amortization of purchased intangible assets and depreciation of property, plant and equipment, stock-based compensation, and other non-recurring items and adjustments. For the third quarter, these factors reduced IFRS operating profit relative to non-GAAP by 30.6 billion yen; for the nine-month period, the reduction was 145.0 billion yen. On gross profit, reconciliation impacts were modest for the quarter and nine months

Overall, Renesas delivered resilient non-GAAP profitability with gross margins above 57% and operating margins near 31% in the third quarter, while IFRS results capture the accounting effects of one-time and acquisition-related items over the reporting periods.

Original – Renesas Electronics