Himax Technologies Q1 Results Beat Expectations, Shares Up Nearly 38%
Shares of Himax Technologies are up nearly 38% in early trading after the company posted better than expected results for the first quarter. Earnings per share of 5c exceeded analysts' estimates of 3c, while revenue of $199.01M beat the $195.01M estimate. "We expect upward momentum through the remainder of 2026, supported by a meaningful number of new automotive projects scheduled to enter mass production in the second half, a view consistent with our outlook from last quarter's call. The positive outlook is also supported by the anticipated growth in our non-driver IC businesses, particularly Tcon and WiseEye AI. Despite ongoing macro uncertainty, Himax continues to expand beyond its traditional display IC business, focusing on key growth areas including smart glasses, ultralow power AI and CPO. These emerging technologies present significant growth opportunities that help diversify our revenue base into areas with attractive gross margin profiles and profitability while also strengthening our overall competitiveness." said Himax President and Chief Executive Officer Jordan Wu. Looking ahead, Himax said it expects second quarter EPS of 9c-10c and revenue of $236.28M-$242.72M, while analysts expect 6c and $209.01M, respectively. Shares of Himax Technologies are up 37.9% to $17.01.
