Positive Revenue Performance
First quarter revenue was $215.1 million, a 3.7% increase year-over-year, reaching the high end of the guidance range despite a typical seasonal slowdown.
Gross Margin and Profit Exceed Expectations
Gross margin was 30.5%, in line with guidance, and profit per diluted ADS was 11.4 cents, exceeding the guidance range due to lower operating expenses.
Strong Performance in Automotive Segment
Q1 automotive driver sales outperformed guidance, with auto IC sales rising nearly 20% year-over-year, reflecting strong customer reliance on Himax's technology.
Improved Inventory Management
Inventory levels have steadily declined for ten consecutive quarters, demonstrating effective management amid macroeconomic uncertainty.
Commitment to Innovation and Growth
Continued investment in new technologies such as ultralow power AI and AR glasses, indicating potential substantial growth opportunities.