Himax Technologies (HIMX) Q2 2026 Earnings Report

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Previous Report: Q1 2026

HIMX Q2 2026 EPS Results

Actual EPS$0.11

Consensus EPS$0.11

Beat/MissBeat by +<$0.01

One Year Ago EPS$0.10

HIMX Q2 2026 Revenue Results

Actual Revenue$227.29M

Expected Revenue$222.99M

Beat/MissBeat by +$4.30M

YoY Revenue Growth+3.94%

Earnings Announcement Details

QuarterQ2 2026

Date08/06/2026

TimeBefore Open

Conference CallThursday, August 6, 2026

HIMX Upcoming Earnings

Himax Technologies's next earnings date is estimated for November 5, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

HIMX Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Aug 06, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call was overall positive: management reported Q2 results that beat guidance across revenue, gross margin and EPS, driven by strong automotive and small-/medium-sized driver IC performance and growth in non-driver products (Tcon, WiseEye). The company also announced a near-term divestiture gain and provided upbeat product and market commentary (automotive LTDI/OLED ramps, CPO engineering ramps, smart glasses traction). However, material challenges remain, including a 21% decline in large panel driver revenue, continued industry supply chain constraints raising costs and lead times, higher working capital (AR, inventory, DSO) and cash outflows for dividends and bonuses. CPO and other strategic growth areas show attractive long-term potential but carry execution/timing uncertainty. On balance, the favorable beats, strong automotive momentum and multiple strategic growth levers outweigh the near-term challenges and execution risks.

Company Guidance

Himax's Q3 guidance calls for revenue to rise 7%–11% sequentially, gross margin to be around 34%, and profit attributable to shareholders of $0.08–$0.10 per fully diluted ADS; the guidance already factors in an estimated 2026 annual bonus of ~$13.0M (with ~$11.7M immediately vested), and Q3 employee-bonus expense is estimated at $11.8M (≈$0.068 per diluted ADS before tax). Management expects a sequential decline in cash primarily due to the $44M annual dividend paid July 10 and the ~ $11.7M bonus distribution (cash was $298.7M as of 6/30/26 vs. $287.6M last quarter and $332.8M a year ago); Q2 operating cash flow was $17.5M (would have been ≈$6.5M excluding an $11.0M Taiwan tax deferral). Key balance-sheet and operational metrics cited include inventory $151.5M, accounts receivable $220.3M, DSO 93 days, ADS outstanding 174.4M, and management flagged an expected pretax gain of ~$23M–$24M on a planned equity-investee divestiture to close in Q4.

Revenue Beat and Sequential Growth

Q2 revenue of $227.4M, up 14.2% sequentially and up 5.9% YoY; results exceeded prior company guidance (expected 10%–13% sequential growth), driven primarily by better-than-expected automotive IC sales.

Improved Gross Margin

Q2 gross margin of 33.1%, above the ~32% guidance, up from 30.4% in Q1 and 31.2% a year ago, driven by a more favorable product mix with increased high-margin automotive IC sales.

Strong Profitability and Operating Margin Expansion

Q2 after-tax profit $19.9M and profit per diluted ADS $0.114 (above guidance $0.086–$0.103), up from $8.0M / $0.046 in Q1 and $15.5M / $0.095 YoY. Operating income $24.6M producing an operating margin of 10.8% versus 5.1% in Q1 and 8.4% a year ago.

Small- and Medium-Sized Driver IC Momentum

Small-/medium-sized display driver IC revenue of $162.3M, a 19.6% sequential increase; this segment accounted for 71.4% of total sales (vs. 68.2% in prior quarter). Automotive driver sales (DDIC and TDDI) increased by double-digits QoQ.

Non-Driver Growth and Tcon Strength

Non-driver revenue $45.9M, +17.7% sequentially; non-driver products represented 20.2% of revenues (up from 19.6%). Tcon business accounted for >10% of sales with over half contributed by automotive Tcon, with continued design wins and momentum.

Cash Position and Operating Cash Flow (With Clarification)

Cash, cash equivalents and other financial assets totaled $298.7M as of June 30, 2026. Sequential cash increased from $287.6M driven by operating cash flow of $17.5M (note: tax deferral of ~$11.0M contributed to reported operating cash flow; excluding deferral operating cash flow was ~$6.5M).

Strategic Product Wins and Commercial Traction

Notable commercial progress: WiseEye powering a leading global smart glasses launch; WiseGuard adoption with mass production scheduled toward year-end; T2000 Tcon adopted by E Ink for next-gen color ePaper; multiple LTDI and OLED automotive design wins entering production ramps.

Expected Divestiture Gain and Positive Q3 Guidance

Announced proposed divestiture of an equity investee expected to yield a pretax gain of ~$23M–$24M upon closing (expected in Q4). Q3 guidance: revenue +7% to +11% sequential, gross margin around 34%, and EPS guidance $0.08–$0.10 (includes estimated annual bonus expense).

HIMX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 05, 2026	2026 (Q3)	0.09 / -	0.006	―
Aug 06, 2026	2026 (Q2)	0.11 / 0.11	0.095	20.00% (+0.02)
May 07, 2026	2026 (Q1)	0.04 / 0.05	0.114	-59.65% (-0.07)
Feb 12, 2026	2025 (Q4)	0.04 / 0.04	0.14	-74.29% (-0.10)
Nov 06, 2025	2025 (Q3)	<0.01 / <0.01	0.074	-91.89% (-0.07)
Aug 07, 2025	2025 (Q2)	0.10 / 0.10	0.169	-43.79% (-0.07)
May 08, 2025	2025 (Q1)	0.10 / 0.11	0.071	60.56% (+0.04)
Feb 13, 2025	2024 (Q4)	0.10 / 0.14	0.135	3.70% (<+0.01)
Nov 07, 2024	2024 (Q3)	0.04 / 0.07	0.064	15.62% (<+0.01)
Aug 08, 2024	2024 (Q2)	0.14 / 0.17	0.005	3280.00% (+0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed