Taiwan's Himax Q2 revenue rises on automotive IC strength

Himax Technologies

06/08/2026 10:16

Overview
Taiwan display IC maker's Q2 revenue rose 14% sequentially, exceeding company guidance
Gross margin for Q2 reached 33.1%, above co's guidance due to higher-margin automotive IC sales
Q2 after-tax profit per diluted ADS was 11.4 cents, surpassing company forecast

Outlook
Himax sees Q3 2026 revenue rising 7% to 11% sequentially
Company expects Q3 2026 gross margin around 34%
Himax forecasts Q3 2026 profit per diluted ADS at 8.0 to 10.0 cents

Result Drivers
AUTOMOTIVE IC SALES - Higher-than-expected automotive IC sales drove sequential revenue growth and improved gross margin
PRODUCT MIX - Gross margin exceeded guidance due to increased sales from higher-margin automotive IC products
NON-DRIVER IC GROWTH - Non-driver IC sales rose, led by robust automotive Tcon shipments and broad customer replenishment

Company press release: ID:nGNX8hQV5p

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$227.4 mln
$223 mln (1 Analyst)
Q2 Gross Margin
 
33.1%
 
Q2 Operating Income
 
$24.6 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"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Himax Technologies Inc is $11.60, about 13.1% below its August 5 closing price of $13.35
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 30 three months ago

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(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.)