Austria's ams-OSRAM Q3 reported revenue falls on portfolio changes

Overview

• Austria light and sensor solutions provider's Q3 reported revenue fell 3% yr/yr, mainly due to portfolio changes

• Adjusted net loss for Q3 was EUR 35 mln, with negative adjusted diluted EPS

• Company saw strong Opto Semiconductors growth but weakness in Light Sensors & Photonics

Outlook

• Company sees Q4 revenue at EUR 750 mln to EUR 850 mln

• Company expects Q4 adjusted EBITDA margin of 16.0% ± 1.5 percentage points

• Company confirms path to positive free cash flow for FY27

Result Drivers

• OPTO SEMICONDUCTORS GROWTH - Co said Opto Semiconductors delivered broad-based growth across end markets and improved margins on higher volumes and better factory performance

• PORTFOLIO CHANGES - Revenue decline mainly reflected significant portfolio changes, including the sale of the non-optical sensor business

• WEAK CONSUMER DEMAND - Co said continued weakness in the Chinese smartphone market impacted Light Sensors & Photonics segment

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)