Earnings Alerts

Renesas Electronics (6723) Earnings: 2Q Automotive Revenue Surpasses Estimates at 190.40 Billion Yen

  • Renesas’ automotive revenue for Q2: 190.40 billion yen, beating the estimated 178.87 billion yen.
  • Industrial/Infrastructure/IoT revenue: 166.19 billion yen, which fell short of the estimated 178.6 billion yen.
  • Non-GAAP gross margin: 56.7%.
  • Operating profit for the automotive sector: 62.67 billion yen, surpassing the estimate of 59.13 billion yen.
  • Operating profit for Industrial/Infrastructure/IoT: 46.96 billion yen, below the estimate of 57.83 billion yen.
  • Non-GAAP operating margin: 30.8%.
  • Analyst ratings: 13 buys, 2 holds, 0 sells.

Renesas Electronics on Smartkarma



Analyzing Renesas Electronics on Smartkarma, a network for independent analyst research, reveals a mix of sentiments. Tech Supply Chain Tracker predicts a doubling of the liquid cooling market by 2025, but warns of a potential industry shakeout. Meanwhile, Renesas’ recent placement activities have garnered attention. Sumeet Singh‘s bullish outlook emphasizes Renesas’ mega-block deal and its positive implications. On the flip side, Travis Lundy‘s bearish perspective highlights concerns over Denso’s sell-off impacting Renesas’ stock performance. Clarence Chu‘s bullish take focuses on Denso’s planned stake sale and its potential impact on Renesas. Ethan Aw also shares a positive view, noting Mitsubishi Electric’s upcoming block deal as a signal of market confidence.

Overall, the analyst coverage of Renesas Electronics on Smartkarma reflects a range of opinions, from bullish to bearish, regarding the company’s recent activities and future prospects. Investors following these insights may find valuable perspectives on the potential trajectory of Renesas’ stock and the broader market dynamics impacting the company’s performance.



A look at Renesas Electronics Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores analysis, Renesas Electronics is positioned favorably for long-term growth potential. With high scores in Growth and Momentum, the company demonstrates strong prospects for expanding its market presence and increasing shareholder value over time. This indicates that Renesas Electronics is likely to capitalize on emerging opportunities in the electronic components industry.

Additionally, the company’s respectable scores in Resilience and Dividend suggest a stable financial performance and a commitment to rewarding investors. While the Value score is moderate, the overall outlook for Renesas Electronics appears optimistic, highlighting its ability to sustain growth, navigate market challenges, and provide consistent returns to stakeholders.

Summary of the description of the company: Renesas Electronics Corporation is a company specializing in researching, developing, designing, and manufacturing electronic components, including semiconductors and integrated devices.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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