Himax Q2 Beats Across the Board; Guides Q3 Revenue Up 7-11%, GM ~34%
HIMX sits 96% above its 52-week low of $6.85.
Summary
Himax reported Q2 2026 revenue of $227.4M (+14.2% QoQ), gross margin of 33.1%, and EPS of $0.114, all exceeding guidance. Q3 guidance calls for 7-11% revenue growth and ~34% gross margin, with automotive and new product ramps driving momentum.
Key Events · Earnings and Guidance · HIMX
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Q2 Beat Across All Metrics
Revenue of $227.4M (+14.2% QoQ) exceeded the 10-13% guidance range; gross margin of 33.1% beat the ~32% guidance; EPS of $0.114 per diluted ADS topped the $0.086-$0.103 guided range.
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Q3 Guidance Above Consensus
Q3 revenue guided to increase 7-11% QoQ, gross margin ~34%, and EPS of $0.08-$0.10 per diluted ADS, reflecting continued automotive strength and new product contributions.
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Automotive IC Growth Accelerating
Full-year 2026 auto IC sales expected to grow double digits YoY, driven by TDDI, DDIC, LTDI, and Tcon ramps; automotive remained well over 50% of total revenue in Q2.
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CPO Enters Engineering Production
Co-Packaged Optics products began engineering production ramps in Q3 2026 as scheduled; 2027 shipments expected to be significantly higher, with meaningful financial contribution starting in 2027.
Analysis · HIMX · Manufacturing
A clean beat on all Q2 metrics—revenue, gross margin, and EPS each exceeded the high end of guidance—underscores the strength of automotive IC sales, which came in stronger than expected. Looking ahead, Q3 guidance calls for another 7-11% sequential revenue increase and gross margin expansion to ~34%, signaling that the automotive upcycle and new product ramps (LTDI, Tcon, CPO) are gaining momentum. The company also disclosed that CPO products have entered engineering production as scheduled, with meaningful financial contribution expected in 2027, and that a leading global brand launched WiseEye-powered smart glasses this fall. Together, these updates reinforce the growth narrative across automotive, AI sensing, and advanced packaging, making this a materially positive earnings report.
At the time of this filing, HIMX was trading at $13.40 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $6.85 to $25.09. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.