Renesas Electronics Corp
6723: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Lr^ | LOCK|H!Cy | LOCK|yf |
Renesas Earnings: Automotive and Industrials Inventory Corrections Ends, Upcycle Begins
Renesas' fourth-quarter 2024 revenue was JPY 293 billion, down 19% year on year. Gross margin fell 1.5 percentage points from the year-ago quarter to 54.9%. The numbers exceeded management's guidance. Shares jumped by 13% Wednesday after management said inventory clearance is ending.
