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Dec 31, 2025
Himax Q4 2025 Earnings Report
Himax Technologies, Inc. reported its fourth quarter and full year 2025 financial results, with Q4 EPS at the high end of guidance and revenue and gross margin in line with guidance.
Key Takeaways
Himax Technologies, Inc. delivered a solid fourth quarter in 2025, with revenues increasing sequentially and gross margin in line with expectations. The company's after-tax profit per diluted ADS reached the high end of its guidance range. Despite a challenging macroeconomic environment, Himax saw continued growth in non-driver IC businesses and anticipates the first quarter of 2026 to be the trough of the year, with a rebound expected in the second quarter.
Q4 2025 revenues were $203.1 million, a sequential increase of 2.0%, exceeding the flat QoQ guidance.
Gross margin for Q4 reached 30.4%, aligning with the guidance of flat to slightly up from the previous quarter's 30.2%.
After-tax profit for Q4 2025 was $6.3 million, or 3.6 cents per diluted ADS, hitting the high end of the guidance range.
Himax anticipates Q1 2026 revenues to decline 2.0% to 6.0% QoQ, with gross margin expected to be flat to slightly down, and profit per diluted ADS in the range of 2.0 cents to 4.0 cents.
Revenue by Segment
Forward Guidance
Himax expects Q1 2026 revenues to decline 2.0% to 6.0% QoQ, with gross margin expected to be flat to slightly down, and profit per diluted ADS in the range of 2.0 cents to 4.0 cents. The company anticipates Q1 to be the trough of the year, with sales rebounding in Q2 and business momentum improving in the second half.
Positive Outlook
- First quarter 2026 is expected to be the trough of the year, with sales rebounding in the second quarter.
- Business momentum is expected to continue improving into the second half, supported by lean customer inventory levels.
- New projects for automotive customers are scheduled to enter mass production later in the year.
- Continued growth in non-driver IC businesses, particularly Tcon and WiseEye AI, should provide incremental support.
- Himax remains optimistic about its long-term automotive display IC business outlook, backed by leading new technology offerings and a strong design-win pipeline.
Challenges Ahead
- Visibility for the whole year outlook of the automotive sector remains limited due to uncertain government policy and consumer sentiment.
- Q1 small and medium-sized display driver IC business is expected to decline single digit sequentially.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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