Himax Technologies (HIMX) has released an update.
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Himax Technologies, Inc. reported a robust second quarter in 2024 with revenues of $239.6 million, a 15.5% increase from the previous quarter, outperforming their guidance, and a strong gross margin of 32.0%. However, the company anticipates a decline in revenues for the third quarter, expecting a decrease of 12% to 17% quarter-over-quarter, with a forecasted gross margin around 30%. This cautious outlook is attributed to macroeconomic uncertainties and conservative inventory management by panel makers, impacting the demand for IC products.
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