Himax Technologies, Inc. Reports Second Quarter 2026 Financial Results; Provides Third Quarter 2026 Guidance

Q2 2026 Revenue, GM and EPS All Exceeded the Guidance Issued on May 7, 2026 Company Q3 2026 Guidance: Revenues to Increase 7% to 11% QoQ, Gross Margin is Expected to be around 34%. Profit per Diluted ADS to be 8.0 Cents to 10.0 Cents * Q2 2026 revenues were $227.4 million, a sequential increase of 14.2%, exceeding the guidance range of a 10.0% to 13.0% increase QoQ, primarily driven by better-than-expected automotive IC sales * Q2 GM reached 33.1%, substantially exceeding the guidance of around 32%, primarily due to a more favorable product mix, with increased sales from higher-margin automotive IC products * Q2 2026 after-tax profit was $19.9 million, or 11.4 cents per diluted ADS, exceeding the guidance range of 8.6 to 10.3 cents * Himax Q3 2026 revenues to increase 7% to 11% QoQ. GM to be around 34%. Profit per diluted ADS to be in the range of 8.0 cents to 10.0 cents * Himax remains optimistic about the long-term growth of automotive display IC business and is well positioned to capitalize on the secular growth of smart vehicle interiors through its comprehensive LCD and OLED portfolio, broad global customer base, and robust design-win pipeline * Automakers are accelerating new vehicle launches, driving broader platform standardization across vehicle models. Himax is well positioned to benefit through its comprehensive and validated automotive display IC portfolio, enabling customers to rapidly deploy proven solutions across multiple vehicle models while reducing engineering effort, lowering system costs, and shortening product development cycles * Himax expects full-year 2026 auto IC sales to grow by double digits YoY, with strong growth momentum extending into 2027 as adoption of smart car interiors continues to drive increases in number, size, and sophistication of displays in both EV and conventional vehicles * Himax remains particularly optimistic about smart glasses market and is one of the few companies offering both ultralow power AI sensing and microdisplay technologies. A leading global brand launching WiseEye powered smart glasses this fall, with growing engagement from platform providers, ODMs, and consumer electronics companies worldwide, and several projects poised to enter MP in 2027 * Aggressive CPO customer development timelines, with demand showing no signs of slowing. CPO products entered engineering production ramps as scheduled in Q3. 2027 CPO shipments significantly exceed 2026, with meaningful financial contribution starting in 2027 TAINAN, Taiwan, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the second quarter 2026 ended June 30, 2026.