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Highlights

  • HIMX’s Q1FY25 total revenue increased by 3.7% YoY, while cash flow from operating activities fell by 1.2% YoY.
  • The company forecasts Q2FY25 revenue between -5.0% and +3.0% QoQ with stable 31.0% gross margin and limited currency risk.
  • HIMX is cutting costs via diversified foundry strategies, with 50% of revenue from automotive ICs.

Himax Technologies Inc (NASDAQ: HIMX) is a fabless semiconductor company providing comprehensive automotive IC solutions, including driver ICs, in-cell and large touch/display driver integration, and local dimming timing controllers.

In the first quarter of the financial year 2025 (Q1FY25), the company’s total revenue increased by 3.7% YoY to USD 215.1 million, driven by a favourable product mix and continued cost optimization. Profit attributable to stockholders surged by 60.0% YoY to USD 20.0 million, supported by higher revenue and lower operating expenses. However, cash flow from operating activities fell by 1.2% YoY to USD 56.0 million due to the unfavourable impact of changes in net working capital, partially offset by increased net income, resulting in a 26.3% YoY rise in cash and cash equivalents to USD 275.4 million.

Recent Business Update

HIMX will host a conference call on August 7, 2025, at 8:00 a.m. EDT (8:00 p.m. Taiwan Time) to discuss its Q2FY25 financial results, offering investors and analysts insights into the company’s recent performance.

The company will also hold its Annual General Meeting (AGM) on August 13, 2025, in Taiwan to vote on the 2024 Audited Financials, re-elect Independent Director Mr. Yan-Kuin Su, and amend the 2011 Long-Term Incentive Plan to extend its duration to 2030.

Company Outlook

Himax Technologies expects Q2FY25 revenue to range from a 5.0% decline to a 3.0% increase QoQ, with a projected gross margin of around 31.0%, while currency risk remains limited due to USD-denominated revenues and tax-related NTD purchases. Despite global trade tensions, the company remains largely unaffected thanks to offshore IC assembly and is enhancing supply chain flexibility across Asia, including Taiwan, China, Korea, and Singapore.

To navigate a lean-inventory environment, Himax is optimizing costs through diversified foundry and packaging strategies, highlighted by its Nexchip automotive IC success and 50% revenue share in that segment. Growth is further supported by innovations in ultralow power AI, AR glasses, co-packaged optics, and strategic partnerships with Powerchip and Tata Electronics to expand in India and mitigate tariff-related risks.

Top 10 Shareholders

The top 10 shareholders collectively hold approximately 41.48% of the company’s shares, with BW Group Limited and Hemen Holding Limited being the largest stakeholders at around 21.98% and 6.53%, respectively.

Stock Information

The stock has recorded an increase of approximately 4.98% over the past month and around 17.78% over the past six months. Moreover, it is trading above the average of 52-week high price of USD 13.91 and 52-week low price of USD 5.12, with a closing price at USD 9.27 as of 09 July 2025.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is July 09, 2025. The reference data in this report has been partly sourced from EODHD/Others

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.