Renesas announced its FY17 Q2 result with net sales of ¥198.1 billion ($1.8 billion) and EBITDA of ¥47.3 billion ($425 million), resulting in an EBITDA margin of 24%. The quarterly sales were up 31.7% on a yearly basis and up 12.6% on a quarterly basis. The quarterly EBITDA increased by 33.6% on a yearly basis and by 2.5% on a quarterly basis.
The growth in semiconductor sales was mainly driven by strong demand for products in the automotive and industrial markets. The growth is also attributed to the integration of Intersil and the dissipation of the impact from the Kumamoto earthquake that occurred in the same period a year ago. The company expects to achieve traction in semiconductor sales and gross/operating margins during FY17 Q3 on a yearly basis.
