Himax Technologies, Inc. reported net revenues of $215.1 million for the first quarter of 2025, a decrease of 9.3% sequentially but an increase of 3.7% year-over-year, reaching the high end of its guidance range. Gross margin was 30.5%, in line with guidance, and profit per diluted ADS was 11.4 cents, exceeding the projected range of 9.0 to 11.0 cents.
Automotive driver sales outperformed guidance, declining only single-digit sequentially but rising nearly 20% year-over-year, with the automotive business representing over 50% of total revenues. Operating expenses decreased by 7.0% sequentially and 9.8% year-over-year, reflecting strict budget controls.
For the second quarter of 2025, Himax anticipates revenues to range from a 5.0% decrease to a 3.0% increase sequentially, with gross margin around 31.0%. Profit per diluted ADS is expected to be between 8.5 cents and 11.5 cents. The company also declared an annual cash dividend of 37.0 cents per ADS for FY2024, payable on July 11, 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.