Himax Technologies (HIMX) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Himax Technologies, Inc. reported a robust second quarter in 2024 with revenues of $239.6 million, a 15.5% increase from the previous quarter, outperforming their guidance, and a strong gross margin of 32.0%. However, the company anticipates a decline in revenues for the third quarter, expecting a decrease of 12% to 17% quarter-over-quarter, with a forecasted gross margin around 30%. This cautious outlook is attributed to macroeconomic uncertainties and conservative inventory management by panel makers, impacting the demand for IC products.
For further insights into HIMX stock, check out TipRanks’ Stock Analysis page.