HIMX
Himax Technologies, Inc.
HIMX's fundamentals are weak and it looks expensive: trading at 45x earnings, about three times its usual 16x. Analysts expect strong earnings growth.
HIMX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Strong |
HIMX's balance sheet is currently strong, and its revenue and profitability are stable, but its cash flow is under pressure.
HIMX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.5x | $0.89 | -90% |
| Fair | 16x | $3.12 | -65% |
| Expensive | 44x | $8.79 | -1.8% |
| Current | 45x | $8.96 | — |
Historical ranges are pointers, not guarantees.
HIMX's PE is in its expensive range at 45x.
HIMX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect HIMX's earnings to grow and its profitability to improve, with its revenue holding steady.
HIMX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.20 | -52% |
| Q1 2026 | $0.18 | -63% |
| Q4 2025 | $0.25 | -46% |
| Q3 2025 | $0.35 | -22% |
| Q2 2025 | $0.42 | -4.5% |
| Q1 2025 | $0.49 | +81% |
| Q4 2024 | $0.46 | +64% |
| Q3 2024 | $0.45 | +15% |
HIMX's earnings per share have fallen from their peak: $0.20 over the past year, against $2.78 in early 2022.
HIMX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $227.4M | +5.9% |
| Q1 2026 | $199M | -7.5% |
| Q4 2025 | $203.1M | -14% |
| Q3 2025 | $196.7M | -12% |
| Q2 2025 | $214.8M | -10% |
| Q1 2025 | $215.1M | +3.7% |
| Q4 2024 | $237.2M | +4.2% |
| Q3 2024 | $222.4M | -6.8% |
HIMX's revenue is recovering but still below its 2021 peak: $227M last quarter, up 5.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +2.4 points |
| Q1 2026 | 5.1% | -4.1 points |
| Q4 2025 | 3.4% | -6.4 points |
| Q3 2025 | -0.3% | -2.9 points |
| Q2 2025 | 8.4% | -3.8 points |
| Q1 2025 | 9.2% | +4.4 points |
| Q4 2024 | 9.7% | +2.4 points |
| Q3 2024 | 2.6% | -2 points |
HIMX's operating margin was 11% last quarter, up 2.4 points from the same quarter a year ago.
HIMX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $13.2M | -76% |
| Q1 2026 | $1.2M | -98% |
| Q4 2025 | $12.7M | -61% |
| Q3 2025 | $55K | +$5.8M |
| Q2 2025 | $55.9M | +150% |
| Q1 2025 | $50.8M | -5.8% |
| Q4 2024 | $32.2M | -41% |
| Q3 2024 | -$5.7M | -143% |
HIMX still generates free cash flow, though less than at its 2021 peak: $27M over the past year.
HIMX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -0.1% | -118K shares |
| 3 years | -0.1% | -246K shares |
| 5 years | -0.2% | -303K shares |
| Available history | +1.1% | +1.9M shares |
HIMX has 174M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $3.9M |
| Q1 2025 | — |
| Q4 2024 | $3M |
| Q3 2024 | — |
HIMX hasn't bought back shares in the past year.
HIMX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -3.4x | Net Cash |
| Q1 2026 | -3.4x | Net Cash |
| Q4 2025 | -2.8x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 3.1x | Elevated |
| Q3 2024 | 3.7x | Elevated |
HIMX has more cash than debt.
HIMX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.7 | Neutral |
| Stochastic | 12.8 | Oversold |
HIMX's weekly RSI is 37 (neutral) and its Stochastic is 13 (oversold).
HIMX PE vs Technology Sector
| Metric | HIMX | Sector median | Relative |
|---|---|---|---|
| PE | 45x | 28x | 62% above |
| PE % | 83 | 35 | 48 pts above |
HIMX is trading at 45x earnings, a 62% premium to the Technology sector's median of 28x.
HIMX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.8 | 24% below |
| 20 week MA | $13.0 | 31% below |
| 50 week MA | $12.0 | 26% below |
| 100 week MA | $10.3 | 13% below |
| 200 week MA | $8.34 | 7.4% above |
HIMX has fallen below most of its moving averages, though it's still 7.4% above its 200-week average.
HIMX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.50 | $6.76 | +170% |
| 2021 | $6.76 | $12.5 | +84% |
| 2022 | $12.5 | $6.72 | -46% |
| 2023 | $6.72 | $6.07 | -9.7% |
| 2024 | $6.07 | $7.96 | +31% |
| 2025 | $7.96 | $8.35 | +4.9% |
| 2026 YTD | $8.35 | $8.96 | +7.3% |
HIMX's yearly returns have swung widely, from +170% in 2020 to −46% in 2022. It's up 7.3% so far in 2026.