Himax Technologies Inc. has reported its financial results for the second quarter of 2025. The company recorded net revenues of $214.8 million, showing a slight decline of 0.2% quarter-over-quarter, which was within the guidance range of a 5.0% decrease to a 3.0% increase. The gross margin was 31.2%, surpassing the company's guidance of approximately 31.0% and improving from 30.5% in the previous quarter, mainly due to a favorable product mix. The after-tax profit for the quarter was $16.5 million, or 9.5 cents per diluted ADS, in line with the guidance range of 8.5 cents to 11.5 cents. Revenue from large display drivers amounted to $24.9 million, representing a slight decline of 0.6% from the previous quarter. Notably, TV IC sales showed a single-digit sequential increase, driven by higher shipments to key customers after several subdued quarters. Looking ahead, Himax provided guidance for the third quarter of 2025, anticipating a revenue decrease of 12% to 17% quarter-over-quarter, with the gross margin expected to be around 30%. The company forecasts a loss per diluted ADS of 2.0 cents to 4.0 cents. As of June 30, 2025, Himax had $332.8 million in cash, cash equivalents, and other financial assets, showing an increase from $253.8 million a year ago and $281.0 million in the previous quarter, mainly due to strong positive operating cash flow of $60.5 million in the second quarter. However, the company anticipates a decline in cash and financial assets in the third quarter due to a payment of $64.5 million.