TAINAN, Taiwan, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX) today announced that it will join forces with renowned metal industry companies to showcase its industry leading WiseEye™ ultralow power AI sensing technology for smart door locks and innovative high-security palm vein authentication solution at the 2024 Taipei Building Show. At the event, Himax will collaborate with Duen Yih Metal Industrial Co., Ltd. (DANDY), unveiling the latest JANUS PV smart ...

TAINAN, Taiwan, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), an industry leader in fabless display driver ICs and other semiconductors, today announced its industry-leading third-generation automotive TDDI IC, the HX83195 series, and automotive OLED touch controller IC, the HX8530 series, have commenced mass production in the third quarter. These new product launches highlight Himax's technological innovation capabilities, strengthen its market influence, ...

TAINAN, Taiwan, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will attend UBS Global Technology and AI Conference on December 2 – 5, 2024 at The Phoenician Hotel in Scottsdale, Arizona. The Company management will host in person meetings with interested investors during the conference dates. Conference participation is by invita ...

Financial Data and Key Metrics Changes - Q3 2024 revenues were $222.4 million, a sequential decrease of 7.2%, but significantly exceeded guidance of a 12% to 17% decrease [10] - Gross margin was 30%, in line with guidance but down from 31.4% in the same period last year [10][25] - Q3 profit per diluted ADS was $7.4, considerably above the guidance range of $1.5 to $4.5 [11] - Operating income for Q3 was $5.9 million, or 2.6% of sales, compared to 12.2% last quarter [23] - After-tax profit was $13 million, or $7.4 per diluted ADS, compared to $29.6 million last quarter [25] Business Line Data and Key Metrics Changes - Revenue from large display drivers was $30.7 million, reflecting a sequential decrease of 21.2% due to weaker monitor and DDIC sales [11][12] - Revenue from small and medium-sized display driver segment totaled $155.4 million, a decline of 2.2% sequentially but better than guidance [13] - Automotive driver sales experienced a mid-single digit decrease but outperformed expectations due to rush orders from Chinese panel customers [14] - Non-driver sales reached $36.3 million, a decline of 13.1% from the previous quarter, primarily driven by Tcon sales [17] Market Data and Key Metrics Changes - The automotive sector remains a primary revenue contributor, accounting for nearly half of total sales in Q3 [15] - Automotive IC sales are projected to grow high-teens year-over-year for 2024, significantly outperforming global automotive growth [51] - The Chinese market accounts for over 30% of global vehicle sales, influencing demand fluctuations [36] Company Strategy and Development Direction - The company is focused on enhancing manufacturing and operational efficiency while managing expenses amid a challenging macro environment [33] - There is optimism regarding growth in automotive, AI, WO, and OLED product lines, which are expected to drive significant business growth [34] - The company aims to capitalize on the growing adoption of OLED technology in automotive displays and is developing next-generation products for various applications [60][49] Management's Comments on Operating Environment and Future Outlook - The macro environment remains challenging, with panel customers reducing production to stabilize prices [32] - Management expressed confidence in the automotive sector's long-term growth despite uncertainties in the macro environment [34][90] - The company is cautious about Q1 2025 prospects but remains optimistic about automotive TDDI business growth [92] Other Important Information - Operating cash outflow for Q3 was approximately $3.1 million, primarily due to employee bonuses [27] - The company had $206.5 million in cash and equivalents at the end of Q3, down from $253.8 million in the previous quarter [26] Q&A Session Summary Question: Automotive business outlook and volatility - Management expressed confidence in Q4 automotive sales growth due to rush orders and the impact of China's renewed stimulus plan [88][90] Question: Contribution of CPO to non-driver sales growth - CPO is not expected to contribute significantly in Q4, with only small early shipments for engineering verification [102] Question: Future progress and sales contribution from CPO - Management highlighted ongoing engineering challenges and the need for advanced optical design to meet future demands [104][110]

EXHIBIT 99.1 Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance Q3 2024 Revenues and EPS both Surpassed Guidance while Gross Margin In Line With Guidance Range Issued on Aug. 8, 2024 Company Q4 2024 Guidance: Revenues to be flat to slightly down QoQ, Gross Margin is Expected to be flat to slightly up QoQ, Profit per diluted ADS to be 9.3 Cents to 11.0 Cents Q3 2024 revenues were $222.4M, a decrease of 7.2% QoQ, yet significantly exceeded the guidance ...

Q3 2024 Revenues and EPS both Surpassed Guidance while Gross Margin In Line With Guidance Range Issued on Aug. 8, 2024Company Q4 2024 Guidance: Revenues to be flat to slightly down QoQ,Gross Margin is Expected to be flat to slightly up QoQ, Profit per diluted ADS to be 9.3 Cents to 11.0 Cents Q3 2024 revenues were $222.4M, a decrease of 7.2% QoQ, yet significantly exceeded the guidance range of a 12.0% to 17.0% decrease QoQ. The better-than-expected financial results stemmed primarily from stronger order mo ...

Core Viewpoint - Himax Technologies, Inc. has successfully commenced mass production of its innovative In-Cell Touch TDDI solution, the HX83132, aimed at high-end LCD AI laptops, marking a significant milestone in the industry [1] Group 1: Product Development and Features - The HX83132 is the first of its kind in mass production, adopted by leading panel makers, and integrates touch functionality into high-end laptop displays, aligning with market trends for product differentiation [1][2] - The In-Cell TDDI technology simplifies the supply chain and offers cost benefits to panel manufacturers, having previously been established in mid-sized tablets and automotive displays [2] - The HX83132 supports diverse panel sizes and resolutions, accommodating up to 16-inch screens and 4K resolutions, while optimizing module architecture to reduce the number of required ICs [3] - The solution features a proprietary architecture that allows for rapid upgrades and minimizes the need for external components, resulting in a more compact PCB size [3] Group 2: Market Position and Industry Leadership - Himax has positioned itself as an industry leader in In-Cell TDDI technology, having pioneered its mass production and expanded its application to laptops with the HX83132 series [2] - The company holds a significant market share in automotive display technology and offers a range of innovative semiconductor solutions across various industries, including consumer electronics and AIoT applications [4][5] - As of September 30, 2024, Himax has been granted 2,683 patents and has 390 patents pending approval, showcasing its commitment to innovation and intellectual property [5]

I reiterated the 'Buy' rating on Himax Technologies (NASDAQ: HIMX ) in my previous article published in June 2024, highlighting the strong growth in automotive market. While the company anticipates a weak automotive market in FY24, I think their comprehensive automotive Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opi ...

TAINAN, Taiwan, Oct. 08, 2024 (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 that it will hold a conference call with investors and analysts on Thursday, November 7 at 8:00 a.m. US Eastern Standard Time and 9:00 p.m. Taiwan Time to discuss the Company's third quarter 2024 financial results. HIMAX TECHNOLOGIES THIRD QUARTER 2024 EARNINGS CONFERENCE CALLDATE:Thu ...

Financial Performance - Q2 2024 revenues reached $239.6 million, a sequential increase of 15.5%, exceeding the guidance range of 8% to 13% [7] - Gross margin improved to 32%, up from 29.3% in the previous quarter and 21.7% year-over-year, aligning with guidance of 31.5% to 33.5% [7][8] - Profit per diluted ADS was 16.9 cents, at the top end of the guidance range of $0.13 to $0.17 [8][13] - Operating income was $29.3 million, or 12.2% of sales, compared to a loss of 0.9% of sales in the same period last year [12] Business Line Performance - Revenue from large display drivers was $39 million, a sequential increase of 24.7%, driven by customer restocking in TV and monitor ICs [8][9] - Small and medium-sized display driver revenue reached $158.8 million, marking a sequential increase of 10.1% due to stronger sales in TDDI products [9][10] - Automotive driver sales increased by high-teens sequentially and over 50% year-over-year, despite expectations of weakening electric vehicle demand [9][10] - Non-driver business revenues reached $41.8 million, up 30.6% from the previous quarter, driven by Tcon product orders [11] Market Performance - Automotive IC business accounted for over 47% of total revenues in Q2, significantly higher than peers [22] - Sales in the Chinese automotive market showed weakness, impacting overall demand for ICs [20][21] - The U.S. and European automotive markets remained stable, contrasting with the fluctuations in China [21] Company Strategy and Industry Competition - The company is focusing on long-term innovation in automotive products, with a commitment to expanding into the automotive OLED panel market [22][23] - Strategic investments in FOCI and Obsidian Sensors aim to enhance product offerings and market reach in high-speed computing and thermal imaging [24][25] - The company is positioned to benefit from the growing demand for advanced automotive displays and is actively collaborating with major panel manufacturers [22][23] Management Commentary on Operating Environment and Future Outlook - Management expressed cautious optimism for Q4, despite recent global financial turmoil impacting consumer confidence [54] - The automotive display market is expected to continue growing, driven by technological advancements and increasing display sophistication [22] - The company anticipates a decline in Q3 revenues due to customer destocking measures, particularly in the Chinese market [20][29] Other Important Information - Operating expenses decreased by 6.7% sequentially and 11.1% year-over-year, reflecting strict budget controls [12] - Cash balance at the end of Q2 was $253.8 million, down from $277.4 million in the previous quarter, primarily due to customer refunds and strategic investments [14][15] - The company expects a decline in cash and equivalents in Q3 due to dividend payments and employee bonuses [15][18] Q&A Session Summary Question: Concerns about the automotive business and inventory adjustments - Management acknowledged the recent weakness in the Chinese market and the impact of inventory destocking on sales forecasts [52][54] Question: Timeline for CPO products and long-term confidence - Management indicated that mass production for CPO products is targeted for next year, with early results expected by the end of this year [57][58]