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Sensor maker ams OSRAM posts slight revenue beat on semiconductor strength

By Reuters News

Nov 13 (Reuters) - Austrian semiconductor supplier ams OSRAM reported quarterly sales slightly above market expectations on Friday, helped by its strong optoelectronic semiconductors business.

The company posted revenue of €829 million ($917 million) for the third quarter, down from €853 million a year ago but ahead of analysts' forecast of €821 million in a poll compiled by Vara Research.

Optoelectronic semiconductors are chips that convert electricity into light, or detect light and turn it into electrical signals. They are used in products ranging from automotive headlights to smartphone sensors.

"We are increasingly seeing strength of our reshaped core portfolio while turning our technology leadership in digital photonics into tangible commercial opportunities," CEO Aldo Kamper said in a statement.

He added that AI photonics, a segment targeting data centre optical interconnects, was moving closer to commercialization.

Ams OSRAM said it expected fourth-quarter revenue of between €750 million and €850 million, compared with analysts' average estimate of €829 million.

($1 = 0.9042 euros)

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