Semiconductor maker Himax Technologies (NASDAQ: HIMX) will be announcing earnings results this Thursday morning. Here’s what you need to know.
Himax beat analysts’ revenue expectations last quarter, reporting revenues of $227.4 million, up 5.9% year on year. It was a slower quarter for the company, with EPS in line with analysts’ estimates.
Is Himax a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Himax’s revenue to grow 24.4% year on year, a reversal from the 10.5% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Himax has a history of exceeding Wall Street’s expectations.
Looking at Himax’s peers in the analog semiconductors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Impinj delivered year-on-year revenue growth of 16.7%, beating analysts’ expectations by 4.4%, and Monolithic Power Systems reported revenues up 63.1%, topping estimates by 3.4%. Impinj traded up 3.4% following the results while Monolithic Power Systems was also up 1.4%.
Read our full analysis of Impinj’s results here and Monolithic Power Systems’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. Unfortunately, analog semiconductors stocks have struggled in this environment as share prices are down 19% on average over the last month. Himax is down 27.4% during the same time and is heading into earnings with an average analyst price target of $30.20 (compared to the current share price of $10.69).
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