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Himax Techs shared its Q3 results, showing $246.8 million in sales and profits of 10.7 cents per share.

ResultsRead the original at Benzinga
Bad for HIMX

Himax's Q3 sales rose 8.5%, and profit per diluted ADS topped its stated range. It expects Q4 sales to fall 22%–26% as car-chip orders correct, outweighing expected 2027 growth.

HIMX · Himax Technologies, Inc.

AI read · Bad for HIMX

The AI's read

That forecast points to a sharp sales pullback after strong automotive chip demand. Operating costs also rose, and operating income fell to $22.7 million from the previous quarter. Automotive TCON sales are expected to keep growing, and Himax expects revenue growth in 2027. A planned sale could add a $23 million–$24 million pre-tax gain, but these later supports do not erase the expected Q4 decline.

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