Himax (HIMX) shares fell nearly 28% to $7.55 on Thursday after the chip designer forecast a steep revenue drop for the fourth quarter. President and CEO Jordan Wu blamed 'an abrupt and significant correction' in automotive display driver chip orders, saying customers that bought aggressively in earlier quarters sharply cut demand from early October. Third-quarter revenue rose 8.5% to $246.8 million and profit reached $18.6 million, above guidance. The fourth-quarter profit outlook of 4.5 to 6.5 cents per diluted ADS excludes an expected after-tax gain of about $19 to $20 million from selling an equity-method stake. Management still expects automotive chip sales to grow about 10% for the full year after a 16% rise in the first nine months, while foundries have announced significant price increases for 2027.
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/04/2026 | 200.28 |
| Change that session | -3.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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