Semiconductor firm Himax Q2 revenue drops narrowly on q-o-q basis
Overview
Himax TechnologiesQ2 revenue declines 0.2% QoQ
Gross margin for Q2 improves to 31.2%
EPS for Q2 misses analyst expectations, per LSEG data
Outlook
Himax expects Q3 2025 revenues to decline 12% to 17% QoQ
Company anticipates Q3 gross margin to be around 30%
Loss per diluted ADS forecasted at 2.0 to 4.0 cents
Company notes limited impact from recent U.S. tariff announcements
Result Drivers
FAVORABLE PRODUCT MIX - Q2 gross margin improved to 31.2%, driven by favorable product mix
AUTOMOTIVE SALES - Automotive driver sales showed resilience with a 3.2% year-over-year increase despite global softness
NON-DRIVER PRODUCTS - Non-driver sales increased 14.7% QoQ, driven by higher shipments of Tcon for automotive and monitor products
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $214.80 mln | $213 mln (1 Analyst) |
Q2 EPS | Miss | $0.095 | $0.1 (2 Analysts) |
Q2 Gross Margin | 31.2% | ||
Q2 Operating Income | $18.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Himax Technologies Inc is $10.00, about 13.7% above its August 6 closing price of $8.63
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: