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 -0.47% change in stock price 10 days leading up to the earnings, and a -0.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
HIMX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
222.41M
-6.75%
-7.18%
Gross Margin
29.95%
-4.53%
-6.29%
Operating Margin
2.63%
-43.44%
-78.46%
Net Margin
5.73%
27.05%
-53.79%
EPS
0.04
33.33%
-50.00%
No Data Available
HIMX Earnings Analysis
Himax Technologies, Inc. Corporation (HIMX.O) Earnings Conference Call
Positive
Revenue Surpasses Expectations: 1. Revenue Exceeds Guidance: Himax reported Q3 revenues of $222.4 million, significantly surpassing the guidance range of a 12% to 17% decrease, indicating strong order momentum in key product lines.
Profit Exceeds Expectations: 2. Profit Per ADS Surpasses Expectations: The profit per diluted ADS for Q3 was $7.4, well above the guidance range of $1.5 to $4.5, driven by better-than-expected revenues.
Automotive Sales Performance: 3. Automotive Driver Sales Outperform: Automotive driver sales experienced a mid-single digit decrease but outperformed expectations of a high single-digit decline, fueled by rush orders from Chinese panel customers.
Solid Cash Reserves: 4. Strong Cash Position: At the end of Q3, Himax had $206.5 million in cash and equivalents, reflecting a solid financial foundation despite a sequential decrease due to dividend payments.
Automotive Tcon Sales Surge: 5. Growth in Automotive Tcon Sales: Automotive Tcon sales saw a sequential increase of over 30%, supported by the rapid adoption of local dimming Tcon solutions by major panel manufacturers.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Q3 revenues decreased by 7.2% sequentially to $222.4 million, significantly below the previous quarter's performance and indicating a challenging market environment.
Decline in Display Driver Revenue: 2. Decreased Large Display Driver Sales: Revenue from large display drivers fell 21.2% sequentially to $30.7 million, primarily due to weaker monitor and DDIC sales amid challenging market conditions.
Operating Income Decrease: 3. Operating Income Decline: Q3 operating income dropped to $5.9 million, or 2.6% of sales, down from 12.2% in the previous quarter, reflecting lower sales and a contraction in gross margin.
Rising Operating Expenses: 4. Increased Operating Expenses: Operating expenses rose by 28.4% sequentially to $60.8 million, driven by higher employee compensation expenses, which could impact profitability moving forward.
Cash Position Decline: 5. Cash Position Deterioration: Cash and cash equivalents decreased to $206.5 million from $253.8 million in the previous quarter, primarily due to a $50.7 million dividend payment, indicating potential liquidity concerns.
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HIMX Earning Call Sentiment
Himax Technologies, Inc. HIMX () Q3 2024 Earnings Call Transcript
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HIMX.O
3.77%Positive
Despite strong financial performance and optimistic guidance, challenges like supply chain issues, regulatory uncertainties, and high operating expenses persist. The automotive sector shows potential, but market demand remains unpredictable. Shareholder returns are stable, yet cash reserves have decreased. The Q&A reveals confidence in automotive growth, but management's unclear responses on CPO progress raise concerns. Overall, these mixed signals suggest a neutral stock price movement in the short term.