PerpEquities

Renesas Electronics Corporation (RENESAS) financials

JPX · Technology · Semiconductors · 21,490 employees · CEO Hidetoshi Shibata

Price
¥2,874.50 +0.33%
Market cap
¥5.25T
Enterprise value
¥5.74T
Last report
Q3 '26 filed 2026-09-30
Next report
2027-02-11 EPS est. ¥74.44
Revenue (TTM)¥1.59T+25.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)24.1%+9.7 pp vs a year agoOperating income ¥383B
Net income (TTM)¥607B+1,307.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)¥440B+52.2% vs a year agoCapex ¥81.5B
Diluted EPS (TTM)¥327.82+1,275.4% vs a year agoSum of the last 4 quarters
Net cash-¥489B+53.3% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
¥5.25T
EV ¥5.74T
Revenue
¥1.59T
Trailing 12 months
Revenue growth
+26%
FY2026 consensus
Profit margin
38.3%
Net income / revenue, TTM
P/E
8.6×
Forward 11.5× (FY2026)
P/S
3.3×
Price / sales, TTM
EV / EBITDA
11.1×
TTM
Free cash flow
¥440B
Trailing 12 months
Net income
¥607B
Trailing 12 months
Revenue estimate
¥1.67T
FY2026 consensus
Earnings
2027-02-11
Revenue est. ¥452B
Dividend
¥28.00
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-10-29): revenue in line, EPS beat by 199.0%Revenue ¥437B vs ¥436B expected (+0.2%); EPS ¥204.02 vs ¥68.24 (+199.0%).
  • Revenue growth accelerating: 30.0% year on yearQ3 '26 revenue ¥436B, against an average of 17.2% over the four quarters before.
  • Operating margin 24.1% (TTM), +9.7 pp on a year agoOperating income grew 110.7% while revenue grew 25.7%.
  • 51.5% of pre-tax profit is non-operatingPre-tax income ¥789B vs operating income ¥383B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 5.1% of revenue (a year ago 7.5%)¥81.5B invested in the last 4 quarters (-14.0% on a year earlier). Free cash flow ¥440B = 72.5% of net income.
  • Returned ¥50.8B to shareholders = 11.5% of free cash flowBuybacks ¥0 (a year earlier ¥0), dividends ¥50.8B, stock-based pay ¥0 (TTM).
  • Diluted share count up 1.3% in a year1.85B diluted shares in Q3 '26, 1.83B a year earlier.
  • Net debt ¥489BCash + short-term investments ¥637B, debt incl. leases ¥1.13T; a year ago net debt ¥1.05T.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
Revenue¥436B¥335B+30.0%
Gross margin53.6%49.2%+4.4 pp
Operating income¥117B¥73B+60.2%
Operating margin26.8%21.8%+5.1 pp
Net income¥372B¥106B+250.3%
Diluted EPS¥200.76¥58.04+245.9%
Operating cash flow¥122B¥94.6B+28.6%
Capex¥20.2B¥22.8B-11.4%
Free cash flow¥101B¥71.8B+41.3%
R&D¥66.1B¥57B+16.0%
Stock-based compensation¥0¥0–

Reported vs consensus

2026-10-29
ActualConsensusvs consensus
Revenue¥437B¥436B+0.2%
EPS (as estimated)¥204.02¥68.24+199.0%

From the report of 2026-10-29 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
¥522B
Capex
-¥81.5B
Buybacks
¥0
Dividends
-¥50.8B
Acquisitions
¥236B
Net debt issued
-¥167B
Stock-based compensation
¥0
Free cash flow
¥440B
Returned to shareholders / FCF
11.5%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)8.6×15.2× 4 of 5 years8.6× – 22.0×
EV / EBITDA11.1×8.8×4.3× – 11.8×
EV / Sales3.6×3.1×1.8× – 3.6×
Price / FCF11.9×11.3×5.4× – 18.7×
Price / Book1.8×1.8×1.4× – 2.3×
FCF yield8.4%10.3%5.3% – 18.5%
Return on invested capital7.1%8.3%4.5% – 12.5%
Return on equity22.6%10.1%-2.1% – 16.8%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026¥1.67T+26.5%¥250.26+973.5%11.5×4
FY2027¥1.89T+13.0%¥266.79+6.6%10.8×7
FY2028¥2.1T+11.3%¥305.01+14.3%9.4×6
FY2029¥2.28T+8.6%¥293.00-3.9%9.8×3
FY2030¥2.51T+9.9%¥293.70+0.2%9.8×2

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02