Himax Q4 Revenue Up 2% to $203.1M, EPS Tops Guidance; Q1 Sales Seen Falling
Himax earned $203.1M in Q4 revenue, a 2% sequential rise versus flat guidance, with 30.4% gross margin and 3.6¢ EPS at the high end of its 2–4¢ range. Full-year revenue hit $832.2M with 30.6% margin and $0.25 EPS; Q1 2026 sales are expected to drop 2–6% with EPS of 2–4¢.
1. Fourth Quarter and Full Year 2025 Results
Himax reported Q4 2025 revenue of $203.1 million, a 2.0% sequential increase surpassing its flat guidance, while gross margin reached 30.4% and EPS was 3.6 cents per diluted ADS. For the full year, revenue totaled $832.2 million with a 30.6% margin and $0.25 EPS.
2. Q1 2026 Guidance and Outlook
The company projects Q1 2026 revenue to decline 2.0%–6.0% sequentially with gross margin flat to slightly down and EPS of 2.0–4.0 cents. Management expects Q1 to be the trough of the year, with sales rebounding in Q2 and momentum improving into H2 supported by lean customer inventory and upcoming automotive projects.
3. Segment Performance
Large display driver revenue rose 14.2% sequentially to $21.7 million on rush orders for TV and notebook IC products. Small and medium-sized display driver sales accounted for 68.5% of total revenue, with automotive driver ICs up 10% QoQ, while smartphone and tablet IC revenues declined.
4. Strategic Growth Initiatives
Himax is expanding into ultralow power AI for endpoint devices, front-lit LCoS microdisplays for AR glasses, waveguide technology, and co-packaged optics, all driven by the AI boom. The WiseEye AI business is expected to grow strongly as design-ins ramp and a leading smart glasses brand begins mass production later this year.