Himax Technologies, Inc. revised earnings guidance for the second quarter of 2022. The revised second quarter revenues and EPS are lower than the forward-looking guidance provided on May 12, 2022. The gross margin guidance remains unchanged.

Revenues are expected to decrease 22% - 27% sequentially, lower than the previous guidance of 6% - 20% sequential decline. Gross margin is expected to be around 43.0% to 45.0%, the same as previous guidance. Non-IFRS earnings per diluted ADS are expected to be in the range of 40.0 cents to 45.0 cents, lower than the previous guidance of 45.0 cents to 50.0 cents.

IFRS earnings per diluted ADS are expected to be in the range of 36.5 cents to 41.5 cents, lower than the previous guidance of 41.5 cents to 46.5 cents.