Himax Technologies (HIMX)
NASDAQ:HIMX
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Himax Technologies
(NASDAQ:HIMX)
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Rating:62Neutral
Price Target:
$23.00
▲(107.21% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by stable but cooled fundamentals (compressed margins, slightly declining TTM revenue, and weakening free-cash-flow momentum) and a constructive earnings outlook (stronger Q2 growth and margin guidance). Technicals are supportive but overbought, while valuation is a key restraint due to the high P/E versus current profitability.
Positive Factors
Automotive display market leadership
Sustained top market shares in DDIC/TDDI/Tcon provide durable competitive advantage as automotive content per vehicle rises. Leadership supports design wins, pricing power and higher content capture in multi-year automotive display transitions to OLED and advanced cockpit solutions.
Negative Factors
Revenue and margin downshift
A multi-year downshift in revenue and compressed margins indicates weaker pricing power or adverse product mix. Persistently lower profitability reduces internal reinvestment capacity, limits return on equity, and heightens sensitivity to cyclical demand swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Automotive display market leadership
Sustained top market shares in DDIC/TDDI/Tcon provide durable competitive advantage as automotive content per vehicle rises. Leadership supports design wins, pricing power and higher content capture in multi-year automotive display transitions to OLED and advanced cockpit solutions.
Read all positive factors
Himax Technologies (HIMX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.18B
Dividend Yield4.48%
Average Volume (3M)5.67M
Price to Earnings (P/E)132.1
Beta (1Y)2.13
Revenue Growth-10.57%
EPS Growth-62.96%
CountryUS
Employees2,177
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.18
Shares Outstanding174,425,920
10 Day Avg. Volume5,020,696
30 Day Avg. Volume5,668,294
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)1.60
Price to Sales (P/S)1.72
P/FCF Ratio11.92
Enterprise Value/Market Cap0.80
Enterprise Value/Revenue4.12
Enterprise Value/Gross Profit13.49
Enterprise Value/Ebitda53.57
Forecast
1Y Price Target
$30.00Price Target Upside170.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.31
Revenue Forecast (FY)$858.23M
Himax Technologies Business Overview & Revenue Model
Company Description
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates through two segments, Driver IC and No...
How the Company Makes Money
Himax primarily makes money by designing semiconductor integrated circuits and selling those chips (and related solutions) to original equipment manufacturers (OEMs) and component/module makers that build display panels and end devices. Its core r...
Himax Technologies Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call balanced short-term challenges—notably YoY profit decline, persistent cost pressures, and some segment softness—with multiple positive signals: Q1 results beat guidance, strong Q2 guidance (10–13% revenue growth and higher margin), healthy cash and a 100% payout dividend, leadership positions in automotive display ICs, and visible long-term growth drivers (WiseEye, LCoS microdisplays, and CPO ramping toward 2027). Management presented a cautious but constructive outlook with near-term cost and visibility risks tempered by solid product pipelines and market positions.Positive Updates
Revenue and Guidance Beat/Outlook
Q1 revenue of $199.0M (down 2.0% sequentially) came in at the high end of guidance; Q1 profit per diluted ADS was $0.046, exceeding prior guidance of $0.02–$0.04. Company provided Q2 guidance of sequential revenue growth of 10.0%–13.0%, gross margin ~32%, and Q2 EPS of $0.086–$0.103 per fully diluted ADS.
Negative Updates
Year-over-Year Profit and Margin Decline
Q1 after-tax profit was $8.0M ($0.046 per ADS), down from $20.0M ($0.114 per ADS) in the same period last year. Operating margin fell YoY from 9.2% to 5.1%, reflecting lower sales, pressure on gross margin, and higher operating expenses.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Guidance Beat/Outlook
Q1 revenue of $199.0M (down 2.0% sequentially) came in at the high end of guidance; Q1 profit per diluted ADS was $0.046, exceeding prior guidance of $0.02–$0.04. Company provided Q2 guidance of sequential revenue growth of 10.0%–13.0%, gross margin ~32%, and Q2 EPS of $0.086–$0.103 per fully diluted ADS.
Read all positive updates
Company Guidance
Himax guided Q2 2026 revenues to rise 10.0%–13.0% sequentially (after Q1 revenues of $199.0M), with gross margin around 32% (vs. Q1’s 30.4%) and profit attributable to shareholders of $0.086–$0.103 per fully diluted ADS (vs. Q1 $0.046 per ADS); segment guidance called for large‑panel driver ICs to decline by high‑teens QoQ, small‑and‑medium display drivers to increase high‑teens QoQ, automotive driver ICs to grow double‑digits QoQ, smartphone ICs to decline QoQ, tablet ICs to increase sequentially, and non‑driver IC revenue (including Tcon) to rise double‑digits QoQ with Tcon up double‑digits and expected to exceed 12% of total sales in Q2 (more than half from automotive Tcon), while management noted ongoing cost pressures (foundry/packaging/testing tightness and higher gold) and that some customer price increases are already taking effect in Q2.Himax Technologies Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 814.17M | 832.17M | 906.80M | 945.43M | 1.20B | 1.55B |
| Gross Profit | 248.69M | 254.36M | 276.20M | 263.50M | 487.11M | 748.58M |
| EBITDA | 62.62M | 66.67M | 90.58M | 58.65M | 300.69M | 567.01M |
| Net Income | 31.95M | 43.94M | 79.75M | 50.62M | 236.98M | 436.90M |
Balance Sheet | ||||||
| Total Assets | 1.73B | 1.74B | 1.64B | 1.64B | 1.70B | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 855.83M | 854.52M | 224.57M | 206.38M | 229.90M | 364.38M |
| Total Debt | 595.21M | 596.77M | 545.36M | 498.14M | 420.02M | 208.50M |
| Total Liabilities | 805.96M | 832.88M | 743.19M | 779.70M | 807.94M | 731.21M |
| Stockholders Equity | 913.76M | 893.39M | 890.06M | 856.77M | 892.57M | 869.72M |
Cash Flow | ||||||
| Free Cash Flow | 69.74M | 119.90M | 102.77M | 129.35M | 70.78M | 380.25M |
| Operating Cash Flow | 87.81M | 140.03M | 115.98M | 152.84M | 82.91M | 388.28M |
| Investing Cash Flow | -23.55M | -20.49M | -516.00K | -88.88M | 15.00M | -232.68M |
| Financing Cash Flow | -80.32M | -80.74M | -88.22M | -93.59M | -211.07M | -4.49M |
Himax Technologies Technical Analysis
Positive
11.10
Price Trends
13.96
Positive
11.07
Positive
9.74
Positive
Market Momentum
2.61
Negative
74.79
Negative
82.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HIMX, the sentiment is Positive. The current price of 11.1 is below the 20-day moving average (MA) of 19.84, below the 50-day MA of 13.96, and above the 200-day MA of 9.74, indicating a bullish trend. The MACD of 2.61 indicates Negative momentum. The RSI at 74.79 is Negative, neither overbought nor oversold. The STOCH value of 82.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HIMX.
Himax Technologies Risk Analysis
Himax Technologies disclosed 40 risk factors in its most recent earnings report. Himax Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Himax Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $1.95B | 11.70 | 12.23% | ― | 0.52% | 41.86% | |
66 Neutral | $3.72B | 157.99 | 2.64% | ― | -7.71% | -66.03% | |
63 Neutral | $7.95B | -60.60 | -28.42% | ― | 40.89% | 42.62% | |
62 Neutral | $4.18B | 132.07 | 3.60% | 4.48% | -10.57% | -62.96% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $4.04B | -21.60 | -28.05% | ― | -3.24% | -786.94% | |
58 Neutral | $6.04B | -51.21 | -32.99% | ― | -45.38% | -19.24% |
* Technology Sector Average
HIMX
Himax Technologies
24.19
15.97
194.17%
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91.39
79.19
648.79%
PLAB
Photronics
32.11
14.09
78.19%
UCTT
Ultra Clean Holdings
92.55
71.51
339.88%
VECO
Veeco
60.46
40.06
196.37%
NVTS
Navitas Semiconductor
30.84
24.06
354.87%
Himax Technologies Corporate Events
Himax Technologies Tops Q1 2026 Guidance and Lifts Outlook on Automotive and AI Growth
May 7, 2026
On May 7, 2026, Himax Technologies reported first-quarter 2026 results showing net revenue of $199.0 million, down 2.0% sequentially but at the high end of guidance, with gross margin at 30.4% and profit per diluted ADS of 4.6 cents, beating its F...
Himax Technologies Announces 100% Payout Dividend for FY2025
May 7, 2026
Himax Technologies, Inc., a leading fabless provider of display driver ICs and other semiconductor solutions for consumer electronics, automotive and industrial displays, operates globally from Taiwan with a strong patent portfolio. The company ha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.