Himax Q2 Revenue, Margins, EPS All Beat Guidance; Q3 Outlook Strong on Auto IC Demand
HIMX has more than doubled off its 52-week low of $6.85.
Summary
Himax delivered a clean beat across all Q2 metrics: revenue of $227.4M (+14.2% QoQ) topped the 10-13% guided range, gross margin of 33.1% exceeded the ~32% target, and EPS of $0.114 came in well above the $0.086-$0.103 guidance. The outperformance was driven by stronger-than-expected automotive IC sales and a favorable product mix. Q3 guidance calls for 7-11% sequential revenue growth, gross margin around 34%, and EPS of $0.08-$0.10, signaling continued momentum. Management highlighted double-digit YoY auto IC growth for full-year 2026, a smart glasses product launch by a leading global brand using Himax's WiseEye technology, and CPO products entering engineering production ramps in Q3. This follows the June 30 product launch of HE Series iToF Depth Decoder ICs, reinforcing the company's expanding 3D sensing and automotive portfolios. The results and outlook suggest the automotive and smart glasses segments are gaining traction faster than the market expected.
At the time of this announcement, HIMX was trading at $14.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $6.85 to $25.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.