Himax Q3 Earnings: Revenue Beats Forecast, CEO Highlights Growth in Automotive, AI, OLED Sectors, Sets Cautious Q4 Guidance

Himax Technologies, Inc (NASDAQ:HIMX) reported a fiscal third-quarter revenue decline of 6.8% year-on-year to $222.41 million, beating the analyst consensus estimate of $204.87 million. Net revenues decreased 7.2% Q/Q.

Earnings per ADS was $0.07, beating the analyst consensus estimate of $0.03. The stock price climbed after the print.

Also Read: Chip Stocks Like Nvidia, Broadcom, Taiwan Semi Gain After Trump Win – What’s Going On?

The gross margin reached 30.1%, which is in line with its guidance.

Revenue from large display drivers was $30.7 million, a decrease of 21.2% Q/Q due to weaker monitor and TV IC sales due to customers’ de-stocking amid challenging market conditions following substantial second-quarter replenishment for shopping festivals. 

Small and medium-sized display driver revenue was $155.4 ...