Renesas Electronics Corp

6723: XTKS (JPN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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