Renesas Q1 Profit Doubles, Shares Drop 7%

Renesas Electronics posted Q1 profit of 68.1 bn yen, more than double the 26.0 bn yen a year earlier.
Revenue rose 23.2% to 380.3 bn yen and operating profit surged to 90.6 bn yen, up from 21.5 bn yen.
Shares fell 7.3% to 3,058 yen after six days of gains, reflecting profit‑taking despite strong earnings beat.
Company forecasts H1 non‑GAAP revenue of 752.8‑767.8 bn yen with gross margin ~58.1% and operating margin 31.3%.