Himax Technologies: Still Depends On Core Products, But CPO Looks Very Promising
Himax Technologies reported disappointing results for the first quarter but provided optimistic guidance for the second quarter. The company's stock surged by 56% following the announcement, driven by expectations of revenue growth and improved gross margins. Key factors contributing to this positive outlook include the ramp-up of automotive Tcon and local-dimming Tcon, along with a recovery in auto demand.
- ▪Himax Technologies, Inc. reported weak Q1 results but issued strong Q2 guidance.
- ▪The company's share price rallied by 56% after the announcement.
- ▪HIMX expects Q2 revenues to rise by 10-13% and gross margins to expand by 160 basis points.
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