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Himax Q2 Sales Exceed Estimates, Inventory Levels Improve
Strong Demand, Favorable Product Mix Drive Growth
Quarterly Revenue Surpasses $239 Million, Net Income at $0.09 Million
Taipei, Taiwan, August 14, 2023 – Himax Technologies, Inc. (NASDAQ: HIMX), a leading semiconductor solutions provider, today announced financial results for the second quarter of fiscal year 2024.
Key Highlights:
- Net revenues reached $239.6 million, up 15.5% sequentially and exceeding analyst expectations.
- Gross margin came in at 21.7%, surpassing the guidance range of 20-210%.
- Large panel driver IC sales contributed 19.3% of total revenues, reflecting strong demand for display solutions.
- Net income totaled $0.9 million (0.05 cents per share), an improvement from the previous quarter.