Taiwan's Himax Q1 revenue falls 2% sequentially, at high end of guidance

Himax Technologies

07/05/2026 11:30

Overview

Taiwan semiconductor supplier's Q1 revenue fell 2% sequentially, at high end of co's guidance

Q1 gross margin was 30.4%, matching the top of company guidance

Company guides Q2 revenue to rise 10-13% sequentially, with gross margin around 32%

Outlook

Himax sees Q2 2026 revenue rising 10.0% to 13.0% QoQ

Company expects Q2 2026 gross margin to be around 32%

Profit per diluted ADS for Q2 2026 seen at 8.6 to 10.3 cents

Result Drivers

LARGE DISPLAY DRIVER RESTOCKING - Higher sales of large display driver ICs were driven by better-than-expected restocking of high-end TV ICs by a leading panel maker

AUTOMOTIVE SEASONALITY & INVENTORY CONTROL - Automotive driver sales declined double digits sequentially, reflecting Lunar New Year seasonality, customer inventory control after prior restocking, and tapering of subsidy programs in China and the US

NON-DRIVER PRODUCT DECLINE - Non-driver sales decreased due to a drop in ASIC Tcon shipments to a projector customer and moderation in automotive Tcon shipments after prior growth

Company press release: ID:nGNX33qM8p

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$199 mln
$195.01 mln (1 Analyst)
Q1 Net Income Attributable to Stockholders
$8 mln
Q1 Gross Margin
30.40%
Q1 Operating Income
$10.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Himax Technologies Inc is $9.15, about 25.8% below its May 6 closing price of $12.33

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)