ams OSRAM’s strategic focus pays off with strong FCF of EUR 43 m in Q3 and 9 % comparable growth in its core semiconductor business

Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
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ams OSRAM’s strategic focus pays off with strong FCF of EUR 43 m in Q3 and 9 % comparable growth in its core semiconductor business

Business update:

• Q3/25: revenues EUR 853 m / 19.5 % adj. EBITDA margin (including a positive one-off), above / at the midpoint of guidance 
• Q3/25: realized run-rate savings of approx. EUR 185 m from ‘Re-establish the Base’ (RtB) program
• Q3/25: FCF (incl. net interest paid) at EUR 43 m
• Q4/25: revenue EUR 790 m – 890 m, 17.5 % +/-1.5 % adj. EBITDA, at EUR/USD 1.16 expected
• FY25: FCF outlook of above EUR 100 m confirmed (assuming timely Chips Act inflows)
• Design-win momentum on track to reach EUR 5 bn in 2025 

Deleveraging plan and refinancing:

• Process for asset disposals for generating proceeds well above EUR 500 m in 2026 on track

Continuous investment in differentiating technology platforms:

• Broad patent cross-license agreement signed with Nichia for unparalleled IP safety of customers
• Advancements in its industry leading infrared LED & infrared laser technology
• Launched industry benchmark 2-dimensional direct Time-of-Flight sensor platform

Premstaetten, Austria, and Munich, Germany (18 November 2025) -- ams OSRAM’s strategic focus pays off with strong FCF of EUR 43 m in Q3 and 9 % comparable growth in its core semiconductor business

“Our core semiconductor business grew again like-for-like in line with our target operating model. As promised, we are delivering a stronger second half in terms of top-line, bottom-line and cash flow, despite the weaker US Dollar and higher raw material prices. At the same time, we are continuously winning new business and are preparing for future growth by launching new technology platforms.” said Aldo Kamper, CEO of ams OSRAM.

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