Core Insights - Himax Technologies, Inc. has unveiled its miniature ultra-luminous Dual-Edge Front-lit LCoS microdisplay, showcasing advancements in display technology aimed at next-generation AR applications [1][2][3] Product Features - The Dual-Edge Front-lit LCoS microdisplay features a compact form factor of 0.09 c.c. and weighs only 0.2 grams, achieving brightness levels of up to 350,000 nits and a power consumption of just 250mW [2] - It offers a resolution of 720x720 with a pixel pitch of 4.25µm, ensuring high clarity and vibrant colors in a miniature design [2] - The microdisplay's design allows for smaller form factors without sacrificing brightness, clarity, or color, making it suitable for AR glasses and head-mounted displays [2] Company Overview - Himax Technologies is a leading global fabless semiconductor solution provider, specializing in display imaging processing technologies [4] - The company has a significant market share in automotive display technology and offers a range of innovative IC solutions [4] - As of March 31, 2025, Himax holds 2,603 granted patents and has 389 patents pending approval worldwide [4]

Company Overview - Himax is a global display and imaging IC design house[4] - The company was ranked as a Global Top 10 Fabless IC Design Company in 2021[18] - In 2022, Himax achieved $1.2 billion in sales, shipping an average of 60 million ICs per month[5,18] - Himax has a 40% global market share in driver ICs for automotive displays[5] - As of March 31, 2025, Himax held 2,603 granted patents and 389 pending approval worldwide[34] Financial Performance and Guidance - In Q1 2025, Himax reported revenues of $215.1 million, a 3.7% increase year-over-year[30] - The gross margin for Q1 2025 was 30.5%[30] - Profit for Q1 2025 reached $20.0 million, with earnings per ADS at $0.114[30] - For 2024, revenues totaled $906.8 million, with a gross margin of 30.5% and profit of $79.8 million[30] - The company anticipates Q2 2025 revenues to decrease 5.0% to increase 3.0% sequentially, with a gross margin around 31.0%[30] Shareholder Returns - Since its IPO, Himax has returned $1,005 million to shareholders through dividends and share buybacks[24] - As of 2024, Himax had repurchased a total of 46.7 million ADSs at an average purchase price of $3.16[29] - Insider ownership accounts for 24.4% of the company's shares as of May 7, 2025[19]

Core Viewpoint - Himax Technologies (HIMX) reported a decrease in total revenue for the fiscal year ending December 31, 2024, while showing significant growth in net profit [1][2]. Financial Performance - As of December 31, 2024, Himax's total revenue is projected to be $907 million, representing a year-over-year decrease of 4.09% [1]. - The company's net profit attributable to shareholders is expected to be $79.755 million, reflecting a year-over-year increase of 57.57% [1]. Company Overview - Himax Technologies is a leading IC design company focused on image display processing technology, specializing in display driver ICs and timing control ICs [2]. - The company's products are widely used in various consumer electronics, including televisions, laptops, desktops, smartphones, tablets, digital cameras, automotive navigation, virtual reality devices, and more [2]. - Himax also offers a range of other products, including touch panel control ICs, head-mounted LCOS micro-projection solutions, automotive head-up displays, LED driver ICs, power management ICs, and customized image processing chip solutions [2].

Financial Performance - Q1 2025 revenue was $215.1 million, a sequential decrease of 9.3% but a year-over-year increase of 3.7% [6][7] - Gross margin was 30.5%, consistent with guidance and up from 29.3% year-over-year [6][7] - Q1 profit per diluted ADS was $0.01, exceeding guidance due to lower operating expenses [7][12] - Operating income was $19.8 million, representing 9.2% of sales, compared to 4.8% a year ago [12] - Cash and cash equivalents were $281 million, up from $277.4 million a year ago [13] Business Line Performance - Revenue from large display drivers was $25 million, flat from the previous quarter, driven by demand from Chinese government subsidies [7][9] - Small and medium-sized display driver revenue totaled $150.5 million, reflecting a sequential decline of 9.8% [9][10] - Automotive driver IC sales rose nearly 20% year-over-year, making it the largest revenue contributor [10][11] - Non-driver sales reached $39.6 million, a 12.8% decrease from the previous quarter [10][11] Market Performance - Automotive IC sales showed resilience with a single-digit decline, while overall automotive driver IC sales rose nearly 20% year-over-year [9][10] - Smartphone and tablet driver sales declined as expected amid a subdued festival season [10][11] - The automotive market remains a key focus, with Himax holding a 40% share in DDIC and over 50% in TDDI [34][36] Company Strategy and Industry Competition - Himax is focusing on maintaining a healthy balance sheet while driving sustainable long-term growth through high dividends and share repurchases [15] - The company is deepening its supply chain in Taiwan and strengthening its presence in China, Korea, and Singapore to mitigate geopolitical risks [24][25] - Himax is committed to innovative fields such as ultra-low power AI, AR glasses, and co-packaged optics, which are expected to contribute to revenue growth [26][28] Management Commentary on Operating Environment and Future Outlook - Management expressed concerns about macroeconomic uncertainties and the impact of U.S. tariffs on customer demand [19][24] - The company anticipates a conservative revenue outlook for Q2 2025, reflecting cautious customer sentiment amid global economic uncertainties [24][60] - Despite challenges, Himax remains confident in its growth potential in new technology areas, particularly TDDI and TCOM [62] Other Important Information - The company announced an annual cash dividend of $0.037 per ADS, totaling $64.5 million, with a payout ratio of 81.1% of the previous year's profits [15] - Capital expenditures for Q1 were $5.2 million, primarily for R&D related equipment [15] Q&A Session Summary Question: Could you explain the validation process for CPO? - The validation process involves collaboration with leading customers and foundry partners, focusing on current and newly developed products [56] Question: Do you have guidance for 2025? - The company does not provide full-year guidance due to macroeconomic uncertainties but acknowledges low visibility for the second half of the year [59][60] Question: What is the outlook for the automotive market? - Management noted concerns about the effectiveness of future government stimulus programs in China and the potential impact on automotive demand [60][62] Question: Comment on the Obsidian investment? - The investment aligns with Himax's technology, enhancing thermal imaging capabilities and offering unique applications [63][64]

Financial Performance - Q1 2025 revenue was $215.1 million, a sequential decrease of 9.3% but a year-over-year increase of 3.7% [6] - Gross margin was 30.5%, consistent with guidance and up from 29.3% year-over-year [6][12] - Profit per diluted ADS was $0.01, exceeding guidance due to lower operating expenses [7] - Operating income was $19.8 million, representing 9.2% of sales, compared to 4.8% a year ago [12] - Cash and cash equivalents totaled $281 million, up from $277.4 million a year ago [13] Business Line Performance - Revenue from large display drivers was $25 million, flat from the previous quarter, driven by demand from Chinese government subsidies [7] - Small and medium-sized display driver revenue was $150.5 million, reflecting a sequential decline of 9.8% [10] - Automotive driver IC sales rose nearly 20% year-over-year, making it the largest revenue contributor, accounting for over 15% of total sales [10][26] - Non-driver sales reached $39.6 million, a 12.8% decrease from the previous quarter [11] Market Performance - Automotive IC sales showed resilience with a single-digit decline, while overall automotive driver IC sales are expected to decline mid-teens sequentially in Q2 [10][31] - Smartphone and tablet driver sales are expected to decline mid-teens and grow high teens respectively in Q2 [34] - The company is expanding its presence in the OLED market, particularly in automotive applications [35] Company Strategy and Industry Competition - The company is focusing on maintaining a healthy balance sheet while driving sustainable long-term growth through high dividends and share repurchases [15] - Himax is deepening its supply chain in Taiwan and strengthening its presence in China, Korea, and Singapore to mitigate geopolitical risks [24] - The company is committed to innovative fields such as ultra-low power AI and AR glasses, which are expected to contribute to revenue growth [27] Management Commentary on Operating Environment and Future Outlook - Management expressed concerns over macroeconomic uncertainties and the impact of U.S. tariffs on customer demand [22][58] - The company anticipates low visibility for the second half of the year due to ongoing tariff negotiations and economic conditions [57] - Despite challenges, Himax expects to achieve growth in new technology areas such as TDDI and TCOM, where it holds a significant market share [60] Other Important Information - The company announced an annual cash dividend of $0.037 per ADS, totaling $64.5 million, with a payout ratio of 81.1% of the previous year's profits [15] - Capital expenditures for Q1 were $5.2 million, primarily for R&D related equipment [15] Q&A Session Summary Question: Could you explain the validation process for CPO? - The validation process involves collaboration with leading customers and foundry partners, focusing on current and newly developed products [53] Question: Do you have guidance for 2025? How do you see demand in the second half? - The company does not provide full-year guidance but notes low visibility due to macro uncertainties and customer concerns regarding government stimulus effectiveness [57][58] Question: Comment on the Obsidian investment. - The investment in Obsidian is seen as a strategic fit due to its unique thermal imaging technology complementing Himax's CMOS image sensors [61][63]

Core Viewpoint - Himax Technologies reported Q1 2025 financial results with revenues at $215.1 million, a decrease of 9.3% QoQ but a 3.7% increase YoY, with gross margin at 30.5% and EPS exceeding guidance [5][6][11]. Financial Performance - Q1 2025 revenues were $215.1 million, a decrease of 9.3% QoQ, reaching the high end of the guidance range of 8.5% to 12.5% decrease QoQ [5][6]. - Gross margin for Q1 was 30.5%, in line with guidance, flat from the previous quarter but up from 29.3% YoY, driven by a favorable product mix and cost optimization [5][6]. - After-tax profit for Q1 was $20.0 million, or 11.4 cents per diluted ADS, exceeding the guidance range of 9.0 to 11.0 cents [5][11]. Q2 2025 Guidance - For Q2 2025, revenues are expected to decline by 5.0% to increase by 3.0% QoQ, with gross margin around 31.0% [5][44]. - Profit per diluted ADS is projected to be between 8.5 cents and 11.5 cents [5][44]. Market Dynamics - The automotive IC business currently accounts for half of Himax's revenue, with a strong market share in display technologies [3][20]. - Himax's automotive business is supported by long-term relationships with Tier 1 suppliers and a comprehensive suite of panel ICs [3][20]. - The company is exploring innovative fields such as ultralow power AI, AR glasses, and co-packaged optics, which are less affected by macroeconomic fluctuations [3][21]. Inventory and Cash Flow Management - As of March 31, 2025, Himax had $281.0 million in cash and cash equivalents, with a strong positive operating cash flow of $56.0 million for Q1 [12]. - Inventory levels decreased to $129.9 million, down from $158.7 million in the previous quarter, reflecting conservative inventory management amid macroeconomic uncertainty [13]. Strategic Initiatives - Himax is deepening its supply chain in Taiwan and expanding into China, Korea, and Singapore to enhance production flexibility and mitigate geopolitical risks [18][19]. - The company has established a strategic alliance with Powerchip and Tata Electronics to explore the Indian market, aligning with the "Make in India" strategy [22]. Product Segments - Revenue from large display drivers was $25.0 million, flat from the previous quarter, while small and medium-sized display driver segment revenues totaled $150.5 million, reflecting a sequential decline of 9.8% [7][8]. - Automotive driver IC sales rose nearly 20% YoY, indicating strong demand despite a typical low season [8][26]. Technology Advancements - Himax is advancing its WiseEye ultralow power AI sensing technology, which is being adopted across various applications, including notebooks and smart door locks [32][35]. - The company is also making strides in LCoS microdisplay technology, targeting the AR glasses market with innovative solutions [43].

Core Viewpoint - Himax Technologies, Inc. has declared a cash dividend of 37.0 cents per ADS for the year 2024, reflecting a strong commitment to shareholder returns and a payout ratio of 81.1% of last year's profit [3]. Company Overview - Himax Technologies, Inc. is a leading global fabless semiconductor solution provider specializing in display imaging processing technologies, with a significant market share in automotive display technology [4]. - The company offers a wide range of products including display driver ICs, timing controllers, and innovative automotive IC solutions, as well as technologies for AR/VR/metaverse applications [4]. - Founded in 2001 and headquartered in Tainan, Taiwan, Himax employs around 2,200 people and holds 2,603 patents granted and 389 patents pending as of March 31, 2025 [4]. Dividend Declaration - The cash dividend of 37.0 cents per ADS, equivalent to 18.5 cents per ordinary share, will be payable on July 11, 2025, to shareholders of record as of June 30, 2025 [1][2]. - The company typically pays its yearly dividend around the middle of the calendar year based on the previous year's financial performance [2]. Management Commentary - The President and CEO of Himax, Mr. Jordan Wu, emphasized the company's ongoing commitment to rewarding shareholders through its dividend policy and maintaining a healthy balance sheet while focusing on sustainable long-term growth [3].

Core Viewpoint - Himax Technologies (HIMX) reported a decrease in total revenue for the fiscal year ending December 31, 2024, while showing significant growth in net profit [1][2]. Financial Performance - As of December 31, 2024, Himax's total revenue was $907 million, representing a year-over-year decrease of 4.09% [1]. - The company's net profit attributable to shareholders was $79.755 million, reflecting a year-over-year increase of 57.57% [1]. Upcoming Events - Himax is scheduled to release its Q1 2025 financial report on May 8, with the actual disclosure date subject to company announcement [2]. Company Overview - Himax Technologies is a leading IC design company specializing in image display processing technology, focusing on display driver ICs and timing controller ICs [2]. - The company's products are widely used in various consumer electronics, including televisions, laptops, desktop computers, mobile phones, tablets, digital cameras, automotive navigation, virtual reality devices, and more [2]. - Himax also offers a range of other products, including touch panel control ICs, head-mounted LCOS micro-projection solutions, automotive head-up displays, LED driver ICs, power management ICs, and customized image processing chip solutions [2].

TAINAN, Taiwan, April 08, 2025 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (NASDAQ:HIMX) ("Himax" or "Company"), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the retirement of Mr. Eric Li, former Chief IR/PR Officer and Spokesperson. The company appointed Miss Karen Tiao as the new Head of IR/PR and Spokesperson, effective immediately. Miss Tiao joined Himax in 2019 and currently serves as Senior Investor Relations Manager. In her new role ...

Investment Thesis - The investment thesis for Himax Technologies remains valid despite the stock price decrease from $6.70 to $6.32, indicating a potentially attractive entry point for investors [1]. Stock Performance - Himax Technologies' stock is currently trading at $6.32, which is lower than its previous price of $6.70, suggesting a more favorable valuation for potential investors [1].