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Renesas reports ¥435,917m quarterly revenue as margin guidance softens

Renesas reports ¥435,917m quarterly revenue as margin guidance softens Image: Primary
Renesas Electronics reported third-quarter revenue of ¥435,917m, compared with ¥335,364m a year earlier, and basic earnings per share of ¥203.47, Yahoo Finance reported. The results benefited from a recent timing business sale and profit from ongoing operations. Data center products contribute about 21% of sales, with management expecting a larger share in the fourth quarter as digital power and memory interfaces ramp. Third-quarter gross margin reached 59.4%, but fourth-quarter guidance calls for 58.0%. Full-year guidance includes a 33.2% operating margin despite heavier research and capacity spending.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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