Taiwan's Himax Q2 revenue rises on automotive IC strength
HIMX•Key figures and analyst coverage
| 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 |
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.
What drove the quarterly results
Higher-than-expected automotive IC sales drove sequential revenue growth and improved gross margin.
Gross margin exceeded guidance due to increased sales of higher-margin automotive IC products.
Non-driver IC sales also rose, led by robust automotive Tcon shipments and broad customer replenishment.
Q3 outlook calls for sequential growth
Himax sees third-quarter 2026 revenue rising 7% to 11% sequentially.
The company expects Q3 2026 gross margin around 34% and forecasts profit per diluted ADS at 8.0 to 10.0 cents.
