Switzerland · Delayed Price · Currency is CHF ams-OSRAM AG Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw strong core growth, positive free cash flow, and progress in Digital Photonics and deleveraging. Guidance for 2026 remains unchanged, with all near-term maturities covered and transformation programs on track.
-
Q1 2026 results exceeded guidance, with 9% core portfolio growth and strong Digital Photonics progress. Free cash flow was positive, divestments advanced, and 2026 guidance remains unchanged despite FX and transformation costs.
-
A major portfolio reshaping is underway, highlighted by the EUR 570 million sale of the non-optical sensor business to Infineon and further deleveraging steps. The company is refocusing on digital photonics, targeting strong growth and margin expansion, with leverage expected to fall below 2x after key divestments.
Fiscal Year 2025
-
Core semiconductor business grew 7% year-over-year, achieving global LED leadership and strong design wins. Q4 revenues and profitability exceeded guidance, with EUR 144 million free cash flow and improved leverage. Outlook for 2026 is cautious due to divestments, FX, and precious metal costs.
-
Achieved global LED leadership and strong design-win momentum, with core semiconductor growth and improved margins despite FX and cost headwinds. Major divestments and cost programs strengthen liquidity and reduce leverage, while 2026 faces margin pressure from one-offs and precious metal prices.
-
Q3 saw strong cash flow, core portfolio growth, and improved profitability, with revenues above guidance midpoint and a 9% year-over-year increase in the semiconductor core business at constant currency. Cost-saving initiatives are ahead of plan, and liquidity remains robust.
-
Q2 2025 saw improved profitability and margin expansion despite a 5% revenue decline year-over-year, with strong cost savings and liquidity. Asset disposals and bond refinancing support deleveraging, while new design wins and stable end markets underpin a positive outlook.
-
Q2 2025 saw improved profitability and an 18.8% adjusted EBITDA margin, despite a 5% revenue decline year-over-year. Asset disposals, refinancing, and €160 million in run-rate savings support a positive outlook, with H2 expected to be stronger and free cash flow above €100 million.
-
Q1 2025 saw revenues of EUR 820 million and improved profitability, driven by cost savings and new product launches. Liquidity remains strong, with a clear deleveraging plan and positive outlook for the second half, despite ongoing tariff and supply chain uncertainties.
-
Q1 revenues exceeded guidance midpoint at EUR 820 million, with improved adjusted EBITDA margin and strong cost savings. Book-to-bill rose above one, and full-year free cash flow is expected to surpass EUR 100 million, supported by new design wins and asset sales.
Fiscal Year 2024
-
Q4 and full-year 2024 saw stable revenues and improved profitability, with positive free cash flow and strong liquidity. Core semis grew 7% year over year, offsetting declines in other segments. 2025 guidance anticipates a stronger H2, with free cash flow expected to exceed €100 million.
-
Turnaround efforts drove improved profitability and positive free cash flow in 2024, with core semiconductors growing 7% and nearly €5 billion in new business wins. FY2025 is expected to be flat overall, with a stronger second half and free cash flow exceeding €100 million.
-
Q3 2024 saw 8% sequential revenue growth to €881M and a 19% adjusted EBITDA margin, driven by strong semiconductor and consumer segments. Cost savings are ahead of plan, with further improvements and positive free cash flow targeted for 2025.
-
Q2 2024 saw revenues at €819 million with improved profitability and strong design wins, despite market headwinds. Free cash flow was negative but expected to recover in H2, and the company remains on track with cost savings and divestments. Automotive and industrial markets face ongoing challenges.
-
Q2 2024 saw solid results with revenues at EUR 890 million and improved profitability, driven by cost savings and strong design wins, especially in automotive and consumer segments. Outlook for Q3 is positive, with expected revenue and EBITDA margin growth, despite ongoing market uncertainties.