Himax Technologies Exceeds Q2 Expectations, Q3 Revenue Forecast Down 12-17%

Himax Technologies (HIMX) reported Q2 2025 earnings per ADS of $0.095, exceeding analyst expectations. Despite a challenging forecast for Q3 2025 with a 12%-17% revenue decline, analysts remain optimistic with an average price target of $9.94, indicating a 15.18% upside from the current price. GuruFocus estimates suggest a notable valuation increase in the next year for HIMX.

Himax Technologies, Inc. (HIMX) has reported its financial results for the second quarter (Q2) of 2025, with earnings per diluted ADS (EPS) of $0.095, exceeding analyst expectations. The company’s gross margin reached 31.2%, outperforming the guidance of around 31.0% and improving from 30.5% in the previous quarter. This was primarily driven by a favorable product mix.

Revenues for Q2 2025 were $214.8 million, a slight decrease of 0.2% quarter-over-quarter (QoQ), which was within the guidance range of a 5.0% decline to a 3.0% increase. The automotive business, which includes traditional display ICs (DDIC), advanced display ICs (TDDI), and Tcon technologies, remained the largest revenue contributor, accounting for approximately 50% of total revenues.

Despite the strong Q2 performance, Himax expects revenues to decline 12% to 17% QoQ in Q3 2025, with a gross margin of around 30%. The company anticipates a loss per diluted ADS of 2.0 cents to 4.0 cents for Q3. The anticipated decline in revenues is attributed to macroeconomic uncertainty and tariff policy changes.

Analysts remain optimistic about Himax’s prospects, with an average price target of $9.94, indicating a 15.18% upside from the current price. GuruFocus estimates suggest a notable valuation increase for HIMX in the next year.

Reference List:
[1] https://finance.yahoo.com/news/himax-technologies-inc-reports-second-095000149.html