Semiconductor maker Himax Technologies (NASDAQ:HIMX) will be reporting results this Thursday before market hours. Here’s what investors should know.
Himax beat analysts’ revenue expectations last quarter, reporting revenues of $199 million, down 7.5% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS 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 3.8% year on year, a reversal from the 10.4% 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 Q2 results, giving us a hint as to what we can expect. Monolithic Power Systems delivered year-on-year revenue growth of 47.6%, beating analysts’ expectations by 8.6%, and Impinj reported revenues up 10.7%, topping estimates by 3.5%. Monolithic Power Systems traded up 8.3% following the results while Impinj was also up 5.9%.
Read our full analysis of Monolithic Power Systems’s results here and Impinj’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. While some of the analog semiconductors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.3% on average over the last month. Himax is down 1.5% during the same time and is heading into earnings with an average analyst price target of $23.70 (compared to the current share price of $14.09).
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