Ams Osram Q4: above mid-point of guidance
Ams Osram has posted results for Q4 and for the full year 2025.
Q4 revenues of €874m and 18.4 percent adj. EBITDA margin, were above the midpoint of guidance. The quarter showed +8 percent growth year-on-year in like-for-like semiconductor core portfolio.
For FY25, the revenue was €3,323m, 18.3 percent adj. EBITDA margin, and +7 percent growth year-on-year in like-for-like semiconductor core portfolio.
Highlights of the full year included an all-time high in semiconductor design wins exceeding €5bn as well as free cash flow of €144m.
“Last year marked an important step towards creating the leader in Digital Photonics. The ‘Re-establish-the Base’ program homed in savings one year faster than planned and our profitability improved despite heavy headwinds. Furthermore, our semiconductor core grew in line with our semiconductor growth model and our technological edge secured €5 billion in new design wins.” said Aldo Kamper, CEO of Ams Osram.
He added" “With our announced divestitures and the new ‘Simplify’ transformation and savings program, we are sharpening our competitiveness and regaining the financial freedom to invest purposefully in our growth. We fully focus on our future as the Digital Photonics Powerhouse — uniquely positioned to capture the major Digital Photonics inflection points in automotive, AR smart glasses, biosensing, robotics, AI data-centre interconnects and beyond."
Outlook
Q1/26: revenues €760m, adj. EBITDA margin of 15 percent +/- 1.5 percent, at an assumed EUR/USD exchange rate of 1.19, in line with typical Q4/Q1 seasonality and expected deconsolidation effect from closing the sale of Specialty lamps to Ushio Inc.
FY26: Given the divestments and a weaker USD, the company anticipates a modest year-over-year softening in revenue and foresees adjusted EBITDA to be negatively affected by various one-off impacts related to the divestments, stranded costs, higher precious-metal prices and other factors.
