Himax Technologies earnings date
Want to see HIMX full AI Analyst Report?
Himax Technologies (HIMX) Q3 2026 Earnings Report
HIMX Q3 2026 EPS Results
- Actual EPS
- $0.11
- Consensus EPS
- $0.09
- Beat/Miss
- Beat by +$0.02
- One Year Ago EPS
- $0.01
HIMX Q3 2026 Revenue Results
- Actual Revenue
- $247.13M
- Expected Revenue
- $247.76M
- Beat/Miss
- Missed by -$629.70K
- YoY Revenue Growth
- +25.63%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
Himax Technologies's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was mixed but constructive. Q3 performance exceeded profit guidance, automotive and non-driver businesses posted strong growth, and management highlighted substantial design-win, WiseEye, EPD, and CPO opportunities. However, the outlook includes a sharp 22%-26% sequential Q4 revenue decline, a significant automotive order correction tied partly to Chinese export-market uncertainty, lower Q4 driver IC sales, and expected supply-chain cost increases. The positive operating results and long-term growth initiatives were balanced by meaningful near-term challenges.
For Q4 2026, revenue is expected to decrease 22%-26% sequentially, gross margin is expected to be flat to slightly up, depending on the product mix, and profit attributable to shareholders is estimated to be in the range of $0.045-$0.065 per fully diluted ADSs; large display driver IC sales are expected to increase by low teens from last quarter, small and medium-sized display driver IC sales are expected to decrease by double digits sequentially, LTDI revenue is expected to grow by single digits quarter-over-quarter and account for over 5% of total sales, non-driver revenue is expected to be flat to slightly down sequentially, Tcon sales are anticipated to increase by high single digit quarter-over-quarter, automotive Tcon sales are expected to deliver low teens growth in Q4, and full year 2026 automotive Tcon sales are on track to grow by over 40%, while full-year 2026 automotive display IC revenue is expected to grow by approximately 10% year-over-year; the proposed divestiture is expected to close in Q4 and generate a pre-tax gain of approximately $23 million-$24 million and an after-tax gain of approximately $19 million-$20 million. For 2027, revenue is expected to enjoy double-digit growth, based on a flattish global automotive shipment outlook, with non-driver revenue contribution approaching 30% next year, up from 20% of today, gross margin expected to remain relatively stable compared to this year, or hopefully improve slightly next year, excluding CPO, and CPO expected to begin making a meaningful contribution to revenue and profitability starting from some point next year.
- Q3 Revenue and Gross Margin Met GuidanceThird-quarter revenue was $246.8 million, up 8.5% sequentially and in line with guidance. Gross margin was 34.2%, also in line with guidance of around 34%, and increased from 33.1% in the previous quarter.
- Q3 Profit Exceeded GuidanceProfit per diluted ADS was $0.107, exceeding the guided range of $0.080-$0.100, primarily due to lower-than-expected operating expenses. After-tax profit was $18.6 million, up from $1.1 million in the same period last year.
- Operating Income Improved Year Over YearThird-quarter operating income was $22.7 million, with a 9.2% operating margin, compared with negative 0.3% in the same period last year. The year-over-year improvement was primarily driven by higher revenue and improved gross margin.
- Small and Medium-Sized Display Driver IC GrowthSmall and medium-sized display driver IC revenue was $176.8 million, up 8.9% sequentially. The segment represented 71.6% of total sales, compared with 71.4% in the previous quarter and 70.8% a year ago.
- Automotive Driver IC Sales Delivered Strong Growth in Q3Automotive driver sales, including DDIC and TDDI, increased by solid double digits quarter over quarter for the second consecutive quarter. Growth was driven by broad customer demand, accelerated purchases by some panel makers responding to Chinese automaker orders, and mass production of multiple LTDI projects.
- Automotive IC Revenue Expected to Grow Approximately 10% in 2026Automotive IC sales increased 16% year over year in the first nine months of 2026. Despite the expected sharp Q4 correction, full-year automotive IC revenue is expected to grow by approximately 10% year over year, outperforming the expected decline in global vehicle production.
- Non-Driver Revenue Increased on Automotive Tcon MomentumThird-quarter non-driver revenue reached $51.0 million, up 11.2% sequentially, supported by robust automotive Tcon shipments, legacy product shipments to a broad customer base, and several new projects entering mass production. Non-driver products represented 20.7% of total revenue, compared with 20.2% in the previous quarter and 19.7% a year ago.
- Automotive Tcon Leadership and GrowthHimax stated that it maintains a dominant market share in automotive Tcon, particularly in local-dimming solutions. Automotive Tcon sales are expected to grow by low teens sequentially in Q4 and by over 40% for full-year 2026, with another strong growth year expected in 2027.
- LTDI Adoption Continues to ExpandLTDI revenue is expected to grow by single digits sequentially in Q4 and account for over 5% of total sales during the quarter. Himax highlighted that LTDI solutions for large-format automotive displays can increase IC content value per panel and per vehicle.
- Automotive Display Technology PipelineHimax reported a strong pipeline across automotive DDIC, TDDI, LTDI, OLED, HUD, e-mirror, and Tcon solutions. The company cited design wins and future ramps involving smart-vehicle displays, OLED automotive displays, HUDs, and an automotive eDP TDDI solution supporting displays up to 30 inches.
- New Automotive Tcon and TED MilestonesHimax introduced a multi-output Tcon supporting resolutions up to 12K, up to eight LVDS outputs, local dimming, HDR, and automotive safety features. Its TED technology, which combines DDIC and Tcon in one chip, reached first mass production with a leading global robotics brand in Q4.
- Large Display Driver IC Q4 Recovery ExpectedQ4 large display driver IC sales are expected to increase by low teens sequentially, with both TV and monitor sales poised for sequential increases due to higher shipments of legacy products to key customers.
- EPD Growth OpportunitiesHimax identified growth opportunities in electronic paper displays, including e-readers and electronic shelf labels. The company expects growing e-reader sales from newly secured project wins and a larger share of a leading global M brand's products, while continuing to expand its electronic shelf label customer coverage.
- WiseEye Adoption ExpandedAlibaba adopted Himax's WiseEye AI processor for its Qwen Glasses, following another leading global technology company incorporating WiseEye into its smart glasses. WiseEye engagements are also expanding across smart wearables, palm-vein authentication, smart door locks, access control, surveillance, and other endpoint AI applications.
- WiseEye Healthcare MilestoneA WiseEye capsule endoscopy project for human health examinations is scheduled to enter mass production this quarter following review and approval by China's National Medical Products Administration under its Class III medical device classification.
- CPO Business Progress and Strategic InvestmentEngineering ramps for the CPO business are underway, with shipments expected to expand quarter by quarter. Strategic partner FOCI approved NT$3.33 billion, or approximately $100 million, in capital expenditures for fab space and manufacturing equipment. Himax expects CPO to make a meaningful contribution to revenue and profitability starting in 2027.
- WLO Technology Automotive AdoptionA leading global technology company selected Himax's WLO technology for an advanced optical sensing solution supporting autonomous driving, with shipments expected to commence in upcoming quarters. Himax cited nanometer-level optical precision, optical performance, manufacturing consistency, and scalability as advantages of its WLO technology.
- 2027 Growth OutlookManagement expressed confidence in double-digit year-over-year growth in 2027 based on automotive design wins, EPD growth, automotive Tcon expansion, WiseEye momentum, and non-driver revenue expected to approach 30% of total revenue from approximately 20% currently. This outlook excludes potential CPO contribution.
- Capacity Secured for 2027Himax stated that it has fully secured 2027 capacity commitments from key suppliers for key product areas through proactive measures, addressing supply stability, long-term capacity assurance, and delivery reliability requirements from automotive customers.
- Balance Sheet and Cash FlowCash equivalents and other financial assets totaled $285.3 million at September 30, 2026, compared with $278.2 million a year earlier. Q3 operating cash inflow was $23.9 million, up from $17.5 million in Q2.
- Proposed Divestiture Expected to Generate GainThe proposed divestiture of Himax's stake in an equity-method investee is progressing as planned and is expected to close in Q4, subject to customary closing conditions and regulatory approvals. The company expects a pre-tax gain of approximately $23 million-$24 million and an after-tax gain of approximately $19 million-$20 million.
HIMX Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 18, 2027 | 2026 (Q4) | 0.11- | 0.04 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 0.090.11 | 0.01 | 1683.33% (+0.10) | |
| Aug 06, 2026 | 2026 (Q2) | 0.110.11 | 0.1 | 20.00% (+0.02) | |
| May 07, 2026 | 2026 (Q1) | 0.040.05 | 0.11 | -59.65% (-0.07) | |
| Feb 12, 2026 | 2025 (Q4) | 0.040.04 | 0.14 | -74.29% (-0.10) | |
| Nov 06, 2025 | 2025 (Q3) | 0.010.01 | 0.07 | -91.89% (-0.07) | |
| Aug 07, 2025 | 2025 (Q2) | 0.100.10 | 0.17 | -43.79% (-0.07) | |
| May 08, 2025 | 2025 (Q1) | 0.100.11 | 0.07 | 60.56% (+0.04) | |
| Feb 13, 2025 | 2024 (Q4) | 0.100.14 | 0.14 | 3.70% (+0.01) | |
| Nov 07, 2024 | 2024 (Q3) | 0.040.07 | 0.06 | 15.63% (+0.01) |
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.
