HIMX Earnings Prediction
The chart below shows how HIMX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HIMX sees a -0.77% change in stock price 10 days leading up to the earnings, and a +1.68% change 10 days following the report. On the earnings day itself, the stock moves by +1.38%. This data can give you a slight idea of what to expect for the next quarter's release.
HIMX Key Earning Data
2024/Q4
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HIMX Earnings Analysis
Himax Technologies Inc Corporation (HIMX.O) Earnings Conference Call
Positive
Earnings Beat Expectations: Himax Technologies, Inc. beats earnings expectations with reported EPS of $0.14, exceeding expectations of $0.10.
Q4 Revenue Performance: Q4 revenues reached $237.2 million, a 6.7% sequential increase and 4.2% year-over-year growth, surpassing guidance.
Gross Margin Improvement: Gross margin improved to 30.5%, exceeding guidance and reflecting a favorable product mix and cost improvements.
Q4 Profit Exceeds Expectations: Q4 profit per diluted ADS was $0.14, significantly above the guidance range of $0.09 to $0.11, driven by better-than-expected revenues.
Automotive Driver Sales Surge: Automotive driver sales experienced a mid-teens increase, significantly outperforming expectations, driven by rush orders from Chinese panel customers.
Non-Driver Sales Surge: Non-driver sales reached $45.4 million, a 24.9% increase from the previous quarter, exceeding guidance.
Operating Expenses Reduction: Operating expenses decreased by 19.1% sequentially and 6% year-over-year, reflecting strict budget control measures.
Quarterly Operating Income Surge: Fourth quarter operating income was $23.1 million, or 9.7% of sales, a significant increase from the previous quarter and year-over-year.
Automotive IC Sales Surge: Full year 2024 automotive IC sales increased by nearly 20% year-over-year, outpacing overall automotive market growth.
Gross Margin Improvement: Gross margin for 2024 was 13.5%, up from 27.9% in 2023, driven by cost improvements and a favorable product mix.
Cash Position Improvement: Himax's cash position improved to $224.6 million, up from $206.4 million a year ago, indicating strong financial health.
Profit Increase Anticipated: The company anticipates a year-over-year increase in Q1 2025 profit attributable to shareholders, despite a sequential revenue decline.
Negative
Large Display Driver Revenue Decline: Revenue for large display drivers declined by 18.6% sequentially, attributed to customer destocking and price competition from Chinese peers.
Revenue Decline Analysis: Full year 2024 revenues totaled $906.8 million, a decline of 4.1% compared to 2023, indicating persistent global demand weakness and conservative purchasing decisions.
Gross Margin Decline: Gross margin for 2024 was 13.5%, significantly down from 27.9% in 2023, despite efforts to improve operational efficiency and product mix.
Operating Expenses Decline: Operating expenses for 2024 were $208 million, a decline of 5.6% from 2023, primarily due to lower employee bonus compensation, indicating cost-cutting measures rather than growth.
Q1 Revenue Decline Forecast: Q1 2025 revenue is expected to decrease by 8.5% to 12.5% sequentially, reflecting low seasonal demand due to Lunar New Year holidays.
Automotive Revenue Decline Forecast: Automotive revenue is projected to decline low teens sequentially in Q1 2025 after two quarters of low demand, despite year-over-year growth expectations.
IC Sales Decline Forecast: The smartphone and tablet IC sales are expected to decline sequentially as is typical during the low season in Q1.
Non-driver IC Decline: Non-driver IC business is expected to see a high teens sequential decrease in Q1 2025, indicating potential challenges in that segment.
HIMX FAQs
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HIMX Earning Call Sentiment
Himax Technologies, Inc. (NASDAQ:HIMX) Q4 2024 Earnings Call Transcript
HIMX.O
-5.51%Positive
The earnings call shows mixed signals: strong automotive and AI initiatives, but revenue and gross margin guidance are flat. The Q&A reveals uncertainties about CPO adoption and competition. Financial performance is solid with reduced expenses and higher net profit, but full-year revenue declined. The market reaction is likely neutral, given the balance of positive financials and uncertainties in future growth areas.
