The following is a summary of the Ams-OSRAM AG (AMSSY) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 group revenues were €890 million, a slight decrease from Q1 due to seasonal declines primarily in the Lamps and Systems segment.

• Year-over-year revenue slightly decreased by 3% on a like-for-like and constant currency basis.

• Adjusted EBITDA rose to €135 million, a 9% increase from Q1, supported by improvements in factory loading and structural savings; adjusted EBIT margin stood at 6.8%, a substantial improvement from 5.2% in Q1.

Business Progress:

• The semiconductor business reported an 8% quarter-over-quarter revenue increase driven by automotive and industrial applications.

• Significant progress in product innovation, particularly in automotive semiconductors with a 6% year-over-year growth.

• Secured over €2.5 billion in lifetime design wins, indicating strong future revenue potential.

Opportunities:

• Expanded automotive semiconductor capabilities with design wins in forward lighting solutions, totaling over €100 million in expected lifetime revenue.

• Introduced high-precision temperature and position sensing products, securing €50 million in design wins.

• Increased focus on differentiated technology for sensor interfaces in the industrial space and ambient light sensing in consumer electronics.

Risks:

• Incremental revenue from automotive products may weaken further due to globally reduced car production forecasts.

• Inventory corrections in industrial and medical markets are expected to continue affecting sales adversely.

More details: AMS-OSRAM AG UNSPN ADR EACH REP 0.50 ORD SHS IR

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