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Renesas Electronics America Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Feb 6, 2019. Its latest SEC filing is a N-PX from Aug 7, 2026.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Sells timing, memory-interface and power-management chips to computing, consumer and industrial equipment makers.

How Did They Make Money?

The company sells semiconductors directly to equipment makers and electronics manufacturing providers, on consignment, and through distributors. Direct sales follow the applicable shipping terms, distributor sales are tied to shipment, and consigned products are sold when customers pull them from company-owned stock.

FY2018 revenue

Who Were Their Customers?

IDT sells mainly to equipment makers, which incorporate its chips into products sold under their own brands. Equipment makers and electronics manufacturing providers buy directly or on consignment, while distributors also supply products to manufacturers buying on behalf of equipment makers.

Customers above 10% of revenue, FY2018
of revenue from three customers (10%, 15%, 10%)
FY2017: 21% from two customers

Did Revenues Turn Into Profits?

Not on paper. It lost $12.1M in FY2018, but brought in more cash than it spent: $199.6M of free cash flow.

Operating income, FY2018
13% of revenue
▲ +1% vs FY2017 ($110.3M, 15%)
Net income, FY2018
−1% of revenue
▼ Now a loss vs FY2017 ($110.5M, 15%)
Free cash flow, FY2018
24% of revenue
▲ +41% vs FY2017 ($141.9M, 19%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Dec 30, 2018
Revenue
▲ +11%
vs $217.1M in Q3 FY2018
Net income
▲ Now profitable
vs −$68.2M in Q3 FY2018
  • Apr 1, 2019 Renesas completed its acquisition of IDT IDT became a wholly owned subsidiary of Renesas.

Grew. Revenue grew 74% in 4 years, from $484.8M in FY2014 to $842.8M in FY2018, about 15% a year.

Additional end markets The newer description includes automotive and industrial end markets and sensor products, whereas the older business description lists communications, computing and consumer markets.

Who Did They Compete With?

Competes with Analog Devices, ams, Broadcom, Cypress Semiconductor, Elmos Semiconductor, Inphi, Maxim Integrated Products, Melexis Semiconductors, Montage Technology, NXP Semiconductors, On Semiconductor, pSemi, Sensirion, Silicon Laboratories, Skyworks Solutions, ST Microsystems, and Texas Instruments

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