Himax Technologies (HIMX) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $246.752M, up 8.5% QoQ and 23.9% YoY; gross margin was 34.2%, and diluted ADS profit of $0.107 exceeded guidance.

• Q4 revenue is forecast to decline 22%–26% QoQ, primarily on automotive driver order corrections; 2027 revenue is expected to grow at a double-digit rate, excluding CPO.

Financial highlights

• Q3 gross profit was $84.5M and operating income was $22.737M, versus $24.563M in Q2 and a $0.618M operating loss in Q3 2025.

• Stockholder profit was $18.587M, or $0.107 per diluted ADS, versus $19.879M and $0.114 in Q2; Q3 2025 profit was $1.070M and EPS $0.006.

• Operating expenses were $61.8M, up 21.9% QoQ, mainly due to annual employee bonuses; R&D was $46.9M, G&A $7.3M and sales and marketing $7.6M.

• 9M 2026 revenue was $673.137M and stockholder profit was $46.455M, versus $629.092M and $37.601M in 9M 2025.

Outlook and guidance

• Q4 revenue is expected to fall 22%–26% sequentially; gross margin is forecast flat to slightly higher, depending on product mix, and diluted ADS profit guidance is $0.045–$0.065, excluding any divestiture gain.

• FY2026 automotive IC revenue is expected to grow ~10% YoY; automotive Tcon is on track to grow over 40%, with another strong growth year expected in 2027.

• 2027 non-driver revenue contribution is expected to approach 30%, versus 20% currently; gross margin is expected to remain relatively stable or improve slightly, excluding CPO.

• CPO is expected to contribute meaningfully to revenue and profit starting in 2027, but timing and first-year ramp remain uncertain and depend on customer schedules.