ams-OSRAM AG Reports Q2 Revenue of EUR 775M, Confirms FY25 FCF Outlook, and Issues Q3 Guidance

ams-OSRAM AG reported Q2 revenue of EUR 775M, confirming its FY25 free cash flow outlook of above EUR 100M. The company has provided guidance for Q3 2025, with revenue expected to range from EUR 790M to EUR 890M, representing a 2-15% increase quarter-over-quarter. The EBITDA margin is expected to be between 18.0% and 21.0%.

ams-OSRAM AG, a leading global provider of semiconductor solutions, reported its second-quarter (Q2) results, revealing a strong performance despite challenging market conditions. The company's Q2 revenue stood at EUR 775 million, marking a 5% decline quarter-over-quarter (QoQ) and a 5% decrease year-over-year (YoY). The results were impacted by a significant automotive-lamps aftermarket inventory correction at US retail chains, as well as a weaker USD exchange rate.

The company's adjusted EBITDA margin for Q2 was 18.8%, slightly higher than the midpoint of its guided range of 18.5% +/-1.5%. The net result for the quarter was positive at EUR 18 million, driven by a one-time positive effect from the settlement of a decades-long lawsuit regarding the misappropriation of trade secrets.

For the third quarter (Q3) of 2025, ams-OSRAM AG has provided guidance, expecting revenue to range from EUR 790 million to EUR 890 million, representing a 2% to 15% increase QoQ. The company expects its adjusted EBITDA margin to be between 19.5% and 21.0% for Q3.

The company also confirmed its free cash flow (FCF) outlook for fiscal year 2025 (FY25) to be above EUR 100 million, aligning with its mid-term growth corridor. This outlook is supported by a strong design-win momentum in H1/2025, with approximately EUR 2.5 billion in new semi-business secured.

In addition to its financial results, ams-OSRAM AG has made progress in executing its accelerated deleveraging plan. The company has extended its Revolving Credit Facility (RCF) by another year, prefinanced long-term OSRAM minority put option bulk exercises and buyback 2027 convertible bonds, and announced the sale of its Entertainment & Industrial Lamps business for EUR 114 million.

References:
[1] https://seekingalpha.com/news/4475802-ams-osram-ag-reports-q2-results-q3-guidance
[2] https://www.ots.at/presseaussendung/EQS_20250731_EQS0004/eqs-adhoc-ams-osram-ag-ams-osram-delivers-188-adj-ebitda-at-revenues-of-eur-775-m-in-q2-confirms-2025-fcf-outlook-above-eur-100-m-and-executes-first-steps-of-its-accelerated-deleveraging-plan