Earnings ·
Himax Reports Q3 EPS of 10.7 Cents on $246.8M Revenue; Guides Q4 Profit to 4.5-6.5 Cents
HIMXHimax Technologies, Inc.
Himax Technologies reported third-quarter revenue of $246.8 million, an 8.5% sequential increase, with gross margin at 34.2%. After-tax profit was $18.6 million, or 10.7 cents per diluted ADS, exceeding the prior guidance range of 8.0 to 10.0 cents due to lower-than-expected operating expenses. The company provided fourth-quarter revenue guidance of a 22% to 26% sequential decline and profit per diluted ADS of 4.5 to 6.5 cents, citing abrupt order corrections in automotive TDDI and DDIC products. Himax also announced the proposed divestiture of an equity-method investee stake, expected to close in Q4 with a pre-tax gain of $23 to $24 million. The company operates as a fabless semiconductor provider specializing in display driver ICs and timing controllers for automotive, consumer electronics, and emerging AI applications.