Himax Technologies, Inc. Reports Third Quarter 2023 Financial Results; Provides Fourth Quarter 2023 Guidance
TAINAN, Taiwan, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the third quarter 2023 ended September 30, 2023.
- Gross margin came in at 31.4%, a substantial increase from 21.7% of last quarter, and at the upper end of guidance range of 30.5% to 32.0%.
- Q3 profit per diluted ADS was 6.4 cents, exceeding the guidance range of 1.5 cents to 6.0 cents.
- Large panel driver IC sales accounted for 18.3% of total revenues for this quarter, compared to 19.3% last quarter and a year ago.
- In the third quarter, the automotive business remained Himax’s largest revenue contributor, accounting for nearly 45% of total sales.