Earnings release
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Himax Himax Technologies , Inc. Reports Second Quarter 2021 Financial Results ; Provides Third Quarter 2021 Guidance Company Q2 2021 Revenues and Gross Margin were Both at the Upper Range of the Guidance . EPS Exceeded the Guidance ; Revenues , Gross Margin and EPS , Again , All Reached All - Time Highs Provides Q3 2021 Guidance : Revenues to Increase by 13 % to 17 % sequentially , Gross Margin is expected to be in the range of 50.5 % to 52.0 % , Non - IFRS Profit per Diluted ADS to be around 75.0 Cents to 81.0 Cents , and IFRS Profit per Diluted ADS to be around 63.0 Cents to 69.0 Cents • • • Revenues , gross margin and EPS all reached all - time highs in Q2 2021 Q2 revenues was $ 365.3M , an increase of 18.2 % QoQ . Exceeded the guidance of an increase of around 15-20 % . Continuous strong demands across all major business segments in Q2 Q2 gross margin reached 47.5 % , significantly up from the 40.2 % in Q1 2021 . Positioned at upper range of the guidance of 45.5 % - 47.5 % • Product sales : large driver ICs , 23.4 % of revenues , up 22.2 % QoQ ; small and medium- sized driver ICs , 63.1 % of revenues , up 13.0 % QoQ ; non - driver products , 13.5 % of revenues , up more than 40 % QoQ • Capacity shortage remained across all business segments in Q2 . Company continued to strategically allocate assessible capacity favoring high margin product areas and key customers • Q2 non - IFRS after - tax profit was $ 109.1M , or 62.4 cents per diluted ADS . Exceeded the guidance of 54.2 cents to 60.2 cents per diluted ADS • Q2 non - IFRS operating income was $ 134.3 million , or 36.8 % of sales , versus 27.5 % of sales in the last quarter . Again , both operating income and operating margin reached historical highs • Decent sequential increases in monitor and NB IC businesses in Q2 thanks to persisting demand for WFH / LFH . TV revenue was up an impressive double - digit QoQ mainly due to strong shipments of high - end TV products , including those to a world - leading end customer , as reported in last earnings call • SMDDIC saw continued strong momentum in Q2 , where automotive segment grew more than 22 % QoQ , the highest growth among SMDDIC businesses . Q2 tablet sales continued to break sales records and accounted for more than 23 % of total sales , slightly above smartphone IC business in weighting Q2 Tablet TDDI sales were up more than 30 % QoQ which illustrated Company's market leadership in non - iOS tablet and TDDI's increasing penetration in the tablet market . Q2 Smartphone TDDI posted low single digit sequential growth due to the Company's capacity allocation decision 1