Panasonic (PANASN) Q1 2027 Earnings Report
MX:PANASN Q1 2027 EPS Results
- Actual EPS
- MXN 6.89
- Consensus EPS
- MXN 5.40
- Beat/Miss
- Beat by +MXN 1.49
- One Year Ago EPS
- MXN 3.64
MX:PANASN Q1 2027 Revenue Results
- Actual Revenue
- MXN 240.25B
- Expected Revenue
- MXN 221.62B
- Beat/Miss
- Beat by +MXN 18.63B
- YoY Revenue Growth
- +6.44%
Earnings Announcement Details
- Quarter
- Q1 2027
- Date
- 07/30/2026
- Time
- Before Open
- Conference Call
- Thursday, July 30, 2026
Panasonic's next earnings date is estimated for February 4, 2027, based on past reporting schedules.
Q1 2027 Earnings Call Audio
Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
The call presents a decidedly positive operational picture: record-setting first-quarter operating profit, large year-on-year AOP gains, a 6% sales increase, strong AI- and data-center-related demand, and an upward full-year guidance revision. These positives are tempered by operational ramp-up issues (notably the Kansas factory), material cost headwinds, competitive capacity expansion by rivals, and a still-negative net cash position. Management has clear mitigation plans (capacity expansion, price revisions, production mix optimization) and expects stronger cash generation, indicating confidence in sustaining growth.
Panasonic confirmed an upgraded FY2027 outlook after Q1 (ended June 30, 2026) results: consolidated Q1 sales JPY 2,018.9 billion (+6% YoY), AOP JPY 186.4 billion (+JPY 94.9b YoY), OP JPY 182.5 billion (+JPY 95.6b YoY; highest Q1 in 41 years), operating cash flow JPY 372 billion (including ~JPY 220b U.S. IRA direct‑pay), and net cash -JPY 558.3 billion. Management raised full‑year guidance by JPY 200b in sales, JPY 50b in AOP and JPY 40b in OP (OP now JPY 590b, up from JPY 550b), with net profit +JPY 30b; the AOP revision reflects +JPY 30b from higher sales, -JPY 66b raw‑materials/logistics, +JPY 59.6b price revisions/rationalization, +JPY 4.4b Blue Yonder, +JPY 12b FX and a reduced geopolitical/memory risk buffer cut from JPY 30b to JPY 20b. Key segment metrics: AI‑related Industry Q1 sales JPY 74.9b (1.4x YoY) and FY forecast raised by JPY 40b to JPY 310b; Energy ESS capacity ramp with Mexico module mass production from Q2 FY27 and a third plant in FY28; In‑vehicle battery supply target 46 GWh for the year; and restructuring benefits ~JPY 35b per quarter (≈JPY 100b FY).
- Record First-Quarter Operating ProfitOperating profit (OP) increased to JPY 182.5 billion, surpassing the previous first-quarter record set in 1985 and marking the highest first-quarter OP in 41 years.
- Strong Adjusted Operating Profit (AOP) GrowthAOP rose to JPY 186.4 billion, an increase of JPY 94.9 billion year-on-year, driven by higher sales across multiple segments and price/restructuring benefits.
- Revenue IncreaseConsolidated sales totaled JPY 2,018.9 billion, up 6% year-on-year, led by higher sales in Connect, Electric Works, HVAC & CC, Energy and Industry.
- AI-Related and Adjacent Businesses OutperformanceAI infrastructure-related businesses saw significant sales growth. Industry AI-related sales reached JPY 74.9 billion in Q1 (1.4x year-on-year, ~+40%), and full-year AI-related sales forecast was raised by JPY 40 billion to JPY 310 billion.
- Upgraded Full-Year GuidanceFull-year forecasts were revised upward: overall sales +JPY 200 billion, AOP +JPY 50 billion, operating profit +JPY 40 billion (from JPY 550 billion to JPY 590 billion), and net profit +JPY 30 billion, reflecting stronger AI-related demand.
- Improved Cash Flow in Q1Operating cash flow rose sharply to JPY 372 billion year-on-year, aided by monetization of the U.S. IRA tax credit (approx. JPY 220 billion effect). Management expects operating cash flow for the full year to exceed last year's JPY 620 billion and to deliver 3-digit billion yen free cash flow.
- AOP Margin and Pricing ActionsAOP benefits included positive impacts from increased real-sales (JPY +40 billion), fixed cost reductions (JPY +19 billion largely reflecting prior restructuring), price revisions and rationalization (JPY +54 billion), and favorable foreign exchange (JPY +12 billion).
- Capacity Expansion Plans to Address DemandRapid capacity expansion underway: multi-layer circuit board materials and capacitors (new plants, multi-sourcing), ESS module second Mexico plant mass production in Q2 FY27 and third plant in FY28, cell mass production ramp targeted at Kansas factory in FY29.
MX:PANASN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 04, 2027 | 2027 (Q3) | 7.26- | -0.87 | ― | ― |
| Oct 30, 2026 | 2027 (Q2) | 6.507.22 | 3.62 | 99.74% (+3.61) | |
| Jul 30, 2026 | 2027 (Q1) | 5.406.89 | 3.64 | 89.15% (+3.25) | |
| May 19, 2026 | 2026 (Q4) | 6.563.27 | 3.97 | -17.43% (-0.69) | |
| Feb 04, 2026 | 2026 (Q3) | 3.49-0.87 | 5.07 | -117.20% (-5.94) | |
| Oct 30, 2025 | 2026 (Q2) | 4.443.62 | 6.03 | -40.01% (-2.41) | |
| Jul 30, 2025 | 2026 (Q1) | 3.463.64 | 3.6 | 1.16% (+0.04) | |
| May 09, 2025 | 2025 (Q4) | 2.053.97 | 2.29 | 73.52% (+1.68) | |
| Feb 04, 2025 | 2025 (Q3) | 4.415.07 | 5.65 | -10.20% (-0.58) | |
| Oct 31, 2024 | 2025 (Q2) | 3.806.03 | 4.46 | 35.20% (+1.57) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
