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HIMX

Himax Technologies, Inc.

HIMX

Himax Technologies, Inc. • NASDAQ
$7.56 ▲ 2.02% (+0.15)
Market Cap $1.32 B
52w High $13.91
52w Low $5.34
Dividend Yield 0.37%
P/E 21
Volume 518.72K
Outstanding Shares 174.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $199.161M ▼ $60.717M ▲ $1.07M ▼ 0.537% ▼ $0.006 ▼ $6.61M ▼
Q2-2025 $214.798M ▼ $48.898M ▲ $16.544M ▼ 7.702% ▼ $0.095 ▼ $28.209M ▼
Q1-2025 $215.133M ▼ $45.746M ▼ $19.987M ▼ 9.291% ▼ $0.11 ▼ $30.082M ▲
Q4-2024 $237.223M ▲ $49.181M ▼ $24.608M ▲ 10.373% ▲ $0.14 ▲ $28.643M ▲
Q3-2024 $222.407M $60.756M $13.023M 5.855% $0.075 $14.239M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $846.382M ▲ $1.695B ▼ $812.008M ▼ $875.445M ▲
Q2-2025 $332.751M ▲ $1.708B ▲ $836.847M ▲ $864.636M ▼
Q1-2025 $280.984M ▲ $1.635B ▼ $719.362M ▼ $909.647M ▲
Q4-2024 $224.574M ▲ $1.64B ▲ $743.194M ▼ $890.061M ▲
Q3-2024 $206.474M $1.628B $755.641M $865.684M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.349M ▼ $6.697M ▼ $14.438M ▲ $-68.498M ▼ $-47.588M ▼ $55K ▼
Q2-2025 $17.01M ▼ $60.474M ▲ $-26.629M ▼ $-5.192M ▼ $29.233M ▼ $55.878M ▲
Q1-2025 $19.971M ▼ $56.003M ▲ $3.364M ▲ $-2.334M ▲ $57.396M ▲ $50.786M ▲
Q4-2024 $25.031M ▲ $35.417M ▲ $-4.626M ▼ $-5.621M ▲ $24.009M ▲ $32.195M ▲
Q3-2024 $12.755M $-3.138M $12.998M $-53.382M $-42.537M $-5.698M

Five-Year Company Overview

Income Statement

Income Statement Himax’s income statement shows a classic semiconductor cycle. Revenue and profits spiked a few years ago and have been stepping down since, moving back toward more “normal” levels. Even so, the company has remained profitable throughout the past five years. Margins are much thinner than at the peak, but still healthier than in the early part of the period, which suggests some structural improvement in the business despite weaker demand. Overall, it looks like a company that is past a boom phase but is still earning money and managing through the downcycle rather than falling into losses.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid but with a clear rise in leverage. Total assets and shareholder equity have been quite stable, which indicates no dramatic balance sheet swings. Debt has climbed steadily, and cash sits noticeably below the debt level, so financial risk is higher than it used to be, though not extreme relative to the equity base. In plain terms, the company is not overburdened, but it has less balance sheet flexibility than before and is more sensitive to any prolonged downturn in earnings or cash flow.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has been positive every year, with a big surge during the boom and then a step-down to more moderate but still solid levels. Free cash flow closely tracks operating cash flow because capital spending is quite modest, reflecting the asset-light, fabless model. This means Himax typically has cash left over after reinvestment needs, even in weaker years, which provides a cushion to support operations, service debt, and fund ongoing development efforts.

Competitive Edge

Competitive Edge Himax holds a strong niche position in several display-related markets, especially automotive displays, where it has long-standing relationships and significant share across multiple product types. Its deep specialization in display driver ICs, a large patent base, and custom solutions make it harder for new entrants to dislodge it quickly. However, it still operates in intensely competitive segments of the semiconductor industry, where pricing pressure and technology shifts are constant. The company’s edge rests on staying ahead in display technologies and maintaining tight customer integration rather than competing purely on volume or cost.

Innovation and R&D

Innovation and R&D Innovation is a central pillar of Himax’s story. The company is extending beyond traditional display drivers into integrated touch-and-display chips, OLED drivers, wafer-level optics, microdisplays for AR/VR, and its WiseEye ultra‑low‑power AI sensing platform. These areas tap into structural growth themes: smarter, always‑on devices; more advanced automotive cockpits; AR/VR and smart glasses; and higher‑speed data center connectivity through co‑packaged optics. The upside is meaningful if these markets scale as expected, but commercialization timelines, customer adoption, and competing solutions introduce real uncertainty around how quickly these bets will translate into stable, sizable profits.

Summary

Himax looks like a cyclical semiconductor company transitioning from a past boom into a more normalized, but still profitable, phase. The income statement reflects pressure on sales and margins compared with peak years, yet ongoing profitability and positive free cash flow show underlying resilience. The balance sheet remains sound but more leveraged than before, which is a development to monitor if the cycle turns down again. Competitively, Himax occupies defensible niches in display and imaging, especially in automotive, while actively pushing into AI sensing, AR/VR optics, and advanced connectivity. The long‑term story hinges on whether these innovation areas can offset the maturity and volatility of traditional display markets and provide more durable growth over time, in the face of fast‑moving technology and strong global competitors.

NEWS

November 6, 2025 · 4:30 AM UTC

Himax Technologies, Inc. Reports Third Quarter 2025 Financial Results; Provides Fourth Quarter Guidance

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October 14, 2025 · 5:32 AM UTC

Himax to Showcase WiseEye Palm Vein Authentication Featuring On-Device AI and GDPR-Compliant Privacy at Sectech Sweden 2025

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October 7, 2025 · 1:00 AM UTC

Himax Technologies, Inc. Schedules Third Quarter 2025 Financial Results Conference Call on Thursday, November 6, 2025, at 8:00 AM EST

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September 24, 2025 · 1:10 AM UTC

Himax WiseEye Ultralow Power AI Sensing Technology Adopted in Acer's New Ultra-Thin and Lightweight AI PC

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September 17, 2025 · 4:32 AM UTC

Himax and Liqxtal to Unveil Breakthrough Adaptive Optics, Drone Vision Systems and Biometric Sensing Solution in Debut at Taipei Aerospace & Defense Technology Exhibition

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