Renesas Q1 FY2026 Results Beat Guidance

Renesas Electronics shares dropped about 5% after releasing FY2026 Q1 results and Q2 guidance.
Q1 adjusted revenue rose 7.9% QoQ to ¥369.1 bn, with non‑GAAP gross profit margin 59.1% and operating margin 33.5%, both beating guidance.
Q2 revenue guidance of ¥388.0 bn topped consensus ¥378.8 bn (+4% QoQ) but margins were projected lower: gross profit 57.0% and operating 29.0%.
The stock fell 4.8% on Thursday in Tokyo trading despite the revenue beat.