Himax Technologies, Inc. Reports Third Quarter 2026 Financial Results; Provides Fourth Quarter 2026 Guidance
Himax reported Q3 2026 revenue of $246.8 million, up 8.5% sequentially, with gross margin of 34.2% and EPS of 10.7 cents per diluted ADS, exceeding its 8.0-10.0 cent guidance. The negative surprise is the Q4 outlook: revenue guided down 22-26% QoQ on an abrupt correction in automotive TDDI and DDIC orders, which management attributes to overly aggressive export-driven buying by Chinese automaker customers reversing, plus EU trade-barrier pressure and China's cut to EV export tax rebates.
Key figures
- Eps
- 10.7 cents per diluted ADS (Q3 2026)
- Revenue
- 246800000
- Guidance
- Q4 2026 revenue decrease 22% to 26% QoQ; gross margin flat to slightly up; profit per diluted ADS 4.5 to 6.5 cents (excludes potential divestiture gain)
- Gross margin q3
- 34.2%
- After tax profit q3
- 18600000
- Operating income q3
- 22700000
- Operating margin q3
- 9.2%
- Fy26 auto ic growth yoy
- ~10%
- Cash and financial assets
- 285300000
- Fy26 auto tcon growth yoy
- >40%
- Divestiture pretax gain expected
- $23 to $24 million
AI analysis
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