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Himax Himax Technologies , Inc. Reports First Quarter 2021 Financial Results ; Provides Second Quarter 2021 Guidance Company Q1 2021 Revenues , Gross Margin and EPS all Exceed Guidance ; Revenues , Gross Margin and EPS All Meet Its Pre - Announced Key Financial Results and Reached Record Highs Provides Q2 2021 Guidance : Revenues to Increase by 15 % -20 % sequentially , Gross Margin is expected to be 45.5 % -47.5 % , IFRS profit per Diluted ADS to be 54.0 Cents to 60.0 Cents , and Non - IFRS profit per Diluted ADS to be 54.2 Cents to 60.2 Cents • • Revenues , gross margin and EPS all reached all - time highs in Q1 2021 Q1 revenues increased 12.1 % QoQ to $ 309.0M , exceeding the guidance of an increase of around 5-10 % Strong demands across all major business segments in Q1 • Product sales : large driver ICs , 22.6 % of revenues , up 8.8 % QoQ ; small and medium- sized driver ICs , 66.1 % of revenues , up 14.7 % QoQ ; non - driver products , 11.3 % of revenues , up 4.0 % QoQ • • • • Q1 gross margin reached 40.2 % , exceeding guidance of 37 % -38 % . Significantly improved from the 31.2 % in Q4 2020 As the capacity shortage in the semiconductor industry intensified across foundry , packaging and testing , the Company further optimized its product mix by strategically favoring more high margin products while pricing products higher to reflect rising costs among all product segments Q1 IFRS profit reached a historical high of $ 66.9M , or 38.3 cents per diluted ADS , exceeding the guidance of 30.0 cents to 34.0 cents per diluted ADS . It is higher than profit of $ 34.0M , or 19.5 cents per diluted ADS in Q4 2020 Q1 non - IFRS profit was $ 67.1M , or 38.4 cents per diluted ADS , exceeding the guidance of 30.1 cents to 34.1 cents per diluted ADS . It is higher than profit of $ 34.2M , or 19.7 cents per diluted ADS in Q4 2020 • Both operating income and operating margin reached record highs in Q1 2021 • TDDI for both smartphone and tablet saw robust growth in Q1 , a continuation from the high base in Q4 2020. From YoY perspective , sales of both smartphone and tablet demonstrated massive growth • • Tablet TDDI revenue increased 10 % QoQ , the fourth consecutive quarter of growth since its initial mass production in Q1 2020. The QoQ growth was due to the accelerated penetration of its leading tablet TDDI in the Android market where the Company is the main or sole source supplier to major end customers Automotive sales grew a decent 16.4 % QoQ amidst a severe capacity shortage in the automotive market worldwide . Along with the fast growing electric vehicles and autonomous driving that is deemed to be the “ next big thing ” , car interior is catering 1