Himax Technologies (HIMX) reported Q1 2026 results before the market open on Thursday, sending the stock surging 30.5% to trade near $16.98 — up from a prior close of $12.33.
Himax Technologies, Inc., HIMX
Revenue came in at $199 million, topping Wall Street’s $195 million estimate by 2.1%. That said, sales were still down 7.5% compared to the same quarter last year.
EPS of $0.05 matched analyst consensus. A year ago, the company earned $0.11 per share in the same period.
$HIMX Q1’26 EARNINGS HIGHLIGHTS
Revenue: $199.0M (Est. $195M)
Q2 2026 Guide:
— Wall St Engine (@wallstengine) May 7, 2026
The stock opened at $15.43 in premarket trading before climbing further, with volume hitting over 9.5 million on the session.
Adjusted EBITDA came in at $16.2 million, an 8.1% margin — down 35.4% year over year. Operating margin slipped to 5.1% from 9.2% in Q1 2025.
Free cash flow margin dropped sharply to 0.4%, compared to 23.6% in the same period last year.
Inventory days outstanding stood at 100, slightly up from 98 the prior quarter but still 22 days below Himax’s five-year average — no red flags there.
CEO Jordan Wu pointed to several areas expected to drive momentum through the rest of 2026. He cited a “meaningful number” of new automotive projects set to enter mass production in the second half of the year.
Wu also highlighted growth in non-driver IC businesses, including Tcon and WiseEye AI, as well as emerging areas like smart glasses and ultralow power AI.
For Q2 2026, the company guided EPS of $0.086 to $0.103 — a step up from Q1’s $0.05.
Despite the earnings beat and stock pop, analyst sentiment remains cautious. The consensus rating is “Hold” with an average price target of $8.00 — roughly half of where the stock is currently trading.
Morgan Stanley reiterated an “equal weight” rating with an $8.00 target in February. Wall Street Zen upgraded the stock from “Sell” to “Hold” in March.
Institutional investors hold about 69.8% of the stock. Goldman Sachs boosted its position by 127.6% in Q1, adding over 134,000 shares. Royal Bank of Canada also grew its stake by 3.7% over the same period.
Sell-side analysts project revenue to grow 14% over the next 12 months, below the broader sector average.
The company’s 50-day moving average sits at $9.29, and the 200-day moving average is $8.61 — both well below Thursday’s trading levels.
Himax carries a P/E ratio of 67.30 and a beta of 2.03, reflecting its historically volatile trading pattern. The debt-to-equity ratio is a low 0.02.
The market cap reached $3.00 billion following Thursday’s move.
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