ams OSRAM delivers strong Q1 results, enters AI market through a development agreement with a leading AI photonics customer and sees path to positive Free Cash Flow in 2027
Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
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ams OSRAM delivers strong Q1 results, enters AI market through a development agreement with a leading AI photonics customer and sees path to positive Free Cash Flow in 2027
Key Performance Figures Q1/26:
- Revenues EUR 796 m, 16.5 % adj. EBITDA margin, in/at the upper half/end of guidance range
- +9 % year-on-year like-for-like growth in the semiconductor core portfolio at constant FX
- Free cash flow of EUR 37 m (including disposal proceeds)
- ‘Simplify’ efficiency & transformation program delivered first savings
Digital Photonics Strategy Progress:
- Augmented Reality smart glasses: full portfolio value proposition outlined, with up to approx. EUR 50 to 100 content per device subject to volume and product lifecycle
- AI Photonics: development agreement signed with a leading AI data center infrastructure partner to advance commercialization of our Digital-Photonics technologies for optical interconnects; product-development initiated
- Divestment: sale of Entertainment & Industrial lamps business to Ushio Inc. successfully closed; closing of sale of non-optical sensor business to Infineon expected mid-year (unchanged)
Outlook Q2/26
- Q2/26: Revenues expected EUR 725 m to 825 m; adj. EBITDA margin of 15.5 % +/- 1.5 %, at an assumed EUR/USD exchange rate of 1.17, reflecting a stronger-than-normal seasonal uplift in the semiconductor business, together with the full deconsolidation of the Specialty Lamps business.
Comments on FY26
- FY26: Outlook unchanged; revenue slightly lower due to divestments and FX; temporary pressure on adjusted EBITDA impacted by transition year 2026 one‑offs; Free Cash Flow above EUR 300 m incl. divestment proceeds, repayment of customer prepayments and a strong reduction of factoring.
- FY27: a path to positive Free Cash Flow in sight (including net interest and excluding divestments).
Premstaetten, Austria, and Munich, Germany (06 May 2026) – ams OSRAM enters AI market through a development agreement with a leading AI photonics customer and sees path to positive Free Cash Flow in 2027
“We delivered a strong start into the year. Securing a development agreement with a leading commercialization partner for AI photonics solutions for AI data centers marks another important milestone, clearly demonstrating that our transformation to create the leader in Digital Photonics is gaining momentum. At the same time, we are rapidly completing our portfolio to become the decisive enabler for next generation, AI powered augmented reality smart glasses.” said Aldo Kamper, CEO of ams OSRAM.
About ams OSRAM
ams OSRAM Group（SIX：AMS）は、革新的な光とセンサソリューションのグローバルリーダーです。デジタルフォトニクスのスペシャリストとして、優れたエンジニアリング能力と最先端のグローバルな製造能力を兼ね備え、お客様にデジタル照明やセンシングテクノロジーの多彩なポートフォリオを提供しています。
「光の力を感じよう」–当社の成功は、光が持つ可能性に対する深い理解を基盤としてきました。120年にわたり、自動車、工業生産、医療、コンシューマー向け電子機器などの市場に変革をもたらすイノベーションを創出してきました。OSRAMブランドの記念となる本年には、世界で約18,500人の従業員が、スマートモビリティ、人工知能、拡張現実、スマートヘルス、ロボティクスといった社会のメガトレンドに沿った先駆的なソリューションの開発に注力しています。これは、12,000件を超える特許の取得・出願に反映されています。オーストリアのプレムシュテッテン／グラーツに本社を置き、ドイツ・ミュンヘンに共同の本社を設置しています。当グループは2025年に33億ユーロの収益を達成しており、ams-OSRAM AGは、スイス証券取引所に上場しています（ISIN：AT0000A3EPA4）。
詳細情報はこちらをご覧ください： https://ams-osram.com
amsとOSRAMは、ams-OSRAM AGの登録商標です。また、当社製品およびサービスの多くはams OSRAM Groupの商標または登録商標です。ここで記載されるその他全ての企業名および製品名は、各所有者の商標または登録商標である場合があります。