Himax Technologies (HIMX) Surpasses Estimates But Q4 Sales Drop 14.4%

Himax Technologies (NASDAQ:HIMX) reports Q4 CY2025 revenue of $203.1 million, a 14.4% year-on-year decline and 2% above Wall Street expectations, with GAAP EPS of $0.04 in line with consensus. Inventory days increased to 98, slightly below the five-year average, signaling cautious capital intensity. Supporting context: The firm, a provider of display driver chips and timing controllers, posted a 1.3% annualized revenue contraction over five years and a 6.2% annual decline over two years, indicating persistently suppressed demand. Sell-side analysts project 3.5% revenue growth over the next 12 months, but this remains below sector averages. Q4 DIO suggests inventories are not excessively built, and while sales dipped, the downcycle may be deepening. The stock closed at $8.24 after the earnings report.