- 13.11.2026, 07:15:48
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- EQS0004
EQS-Adhoc: ams-OSRAM AG: ams OSRAM delivers continued core growth despite mixed end-market demand, led by strong Opto Semiconductors
EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Quarter Results
ams-OSRAM AG: ams OSRAM delivers continued core growth despite mixed
end-market demand, led by strong Opto Semiconductors
13-Nov-2026 / 07:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by [1]EQS News - a service of
[2]EQS Group.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
Ad hoc announcement pursuant to Art. 53 Listing Rules of SIX Swiss
Exchange
ams OSRAM delivers continued core growth despite mixed end-market demand,
led by strong Opto Semiconductors
Core growth and underlying performance
• Led by reported growth of 9 % in Opto Semiconductors, semiconductor
core portfolio grows approx. 3 % year-on-year on a like-for-like basis
and at constant currencies
• Q3 revenues EUR 829 m reflect significant portfolio changes; adjusted
EBITDA margin of 16.3 %, above the midpoint of the guidance; reported
EBITDA margin of 60.7 % due to disposal gain of non-optical sensor
business
• Approx. EUR 1.3 bn of semiconductor design wins in Q3, year-to-date
approx. EUR 3.8 bn
Strategic growth vectors in Digital Photonics
• AI Photonics: 850nm Thin-Film microVCSELs for highly parallel,
ultra-low-power optical interconnects as technology breakthrough
shown, Credo-led OCP Short-Reach Micro-Emitter Optics standardization*
effort and its micro-emitters part of Credo’s Active Light Cable
demonstration.
Outlook
• Q4/26: revenues at EUR 750 m to 850 m, adj. EBITDA margin of 16.0 % ±
1.5 %
• FY27: path to positive Free Cash Flow confirmed
Premstaetten, Austria, and Munich, Germany (13 November 2026) – ams OSRAM
delivered continued core growth in Q3 despite significant portfolio
effects on reported results, while further progress in AI Photonics moves
the technology closer to commercialization.
“We are increasingly seeing the strength of our reshaped core portfolio
while turning our technology leadership in Digital Photonics into tangible
commercial opportunities. AI Photonics, targeting datacenter optical
interconnects, moves closer to commercialization. We are building the next
growth chapter for ams OSRAM with a stronger portfolio, an improved
financial profile and a clear focus on profitable growth with
differentiating technology.” said Aldo Kamper, CEO of ams OSRAM.
Q3/26 – Group Financial Summary
in EUR million (except per Q3 2026 Q2 2026 QoQ Q3 2025 YoY
share data)
Revenues 829 805 +3 % 853 -3 %
EBITDA margin adj. % ^1) 16.3 % 16.9 % -60 bps 19.5% -320 bps
EBITDA adj. ^1) 135 136 -1 % 166 -19 %
EBITDA margin % 60.7 % 14.2 % +4,650 bps 17.9 % +4,280 bps
EBITDA 503 115 +339 % 152 +230 %
Net result adj. ^ 1) -35 -55 +37 % 27 n.m.²^)
Diluted EPS (adj., in EUR) -0.36 -0.56 +36 % 0.27 n.m.²^)
Net result 319 -121 n.m.²^) -28 n.m.²^)
Diluted EPS (in EUR) 2.97 -1.22 n.m.²^) -0.28 n.m.²^)
1) Adjusted for microLED strategy adaption expenses, M&A-related, other
transformation and share-based compensation costs, results from
investments in associates and sale of businesses.
2) n.m. = not meaningful due to sign change.
*[3]Short-Reach Micro-Emitter Optics (SRMO) - Open Compute Project
Group revenues reached EUR 829 million, up 3% sequentially, driven by
continued growth in Opto Semiconductors and the seasonal upswing in the
traditional automotive lamps business. Reported revenues declined 3%
year-on-year, reflecting mainly significant portfolio changes. On a
like-for-like basis and at constant currencies, the semiconductor core
portfolio grew approximately 3% year-on-year led by 8% comparable growth
in Opto Semiconductors, despite continued weakness in the Chinese
smartphone market impacting Light Sensors & Photonics (LSP, formerly CMOS
Sensors & ASICs).
Adjusted EBITDA was EUR 135 million, translating into an adjusted EBITDA
margin of 16.3%, above the midpoint of guidance. The margin reflected the
softer portfolio mix following the sale of the non-optical sensor business
and the related manufacturing services at non-accretive margins. Reported
EBITDA of EUR 503 million and reported net result of EUR 319 million
primarily reflected the income from selling the non-optical mixed-signal
sensor business.
Q3/26 - Cash Generation & Financial Position
in EUR million Q3 2026 Q2 2026 QoQ Q3 2025 YoY
FCF (incl. net interest paid, adj.) 462 -119 n.m. ^ 43 +974 %
^ 1) 2)
Cash on hand 1,392 994 +40 % 979 +42 %
Net debt 883 1,288 -31 % 1,581 -44 %
Kulim-2 SLB (Sale-and-Lease-Back) ^ 462 457 +1 % 422 +9 %
3)
Net debt (incl. SLB) 1,344 1,744 -23 % 2,003 -33 %
OSRAM minority put options ^ 4) 456 479 -5 % 517 -12 %
1) Free cash flow – defined as operating cash flow including net interest
paid minus cash flow from CAPEX including related grants plus proceeds
from divestments
2) n.m. = not meaningful due to sign change.
3) Liability as part of ‘other financial liabilities’
4) At the end of Q3/26, the Group held close to 90 % of the shares of
OSRAM Licht AG
Free cash flow primarily reflected proceeds from the non-optical sensor
divestment, significantly strengthening the Group’s financial position.
Excluding divestment proceeds, cash generation was impacted by the further
reduction of factoring and the semi-annual senior notes interest payment.
Execution of the Simplify program continued during the quarter, delivering
more than EUR 20 million of run-rate savings to date towards the target of
EUR 200 million by FY28.
Q3/26 - Digital Photonics: Commercialization Progress
AI Photonics: The Company advanced its 850 nm Thin-Film microVCSEL
platform for highly parallel, ultra-low-power optical interconnects for
next-generation AI infrastructure, demonstrating error-free 32 Gb/s
operation at approximately 0.25 pJ/bit. At the same time, the ecosystem
around the wide-and-slow architecture continues to expand, including ams
OSRAM’s participation in the Credo-led SRMO OCP initiative for
interoperable short-reach micro-emitter optical links and micro-emitters
featured in Credo’s Active Light Cable (ALC) demonstration.
Q3/26 - Business Unit (BU) Results & Industry Update
Semiconductor Business
Semiconductor revenues were EUR 625 million in Q3 2026, up 1% sequentially
and down 2% year-on-year on a reported basis, with portfolio changes and
softer consumer demand masking continued growth in the core business.
in EUR million Q3 2026 Q2 2026 QoQ Q3 2025 YoY
Opto Semiconductors (OS)
Revenue 399 364 +9 % 365 +9 %
EBITDA margin adj. % 19.2 % 17.7 % +150 bps 22.6 % -340 bps
EBITDA adj. 77 65 +19 % 82 -7 %
EBITDA margin % 14.2 % 14.2 % 0 bps 24.2 % -1,000 bps
EBITDA 57 52 +9 % 88 -36 %
Light Sensors & Photonics
(LSP)
Revenue 227 257 -12 % 271 -16 %
Revenue (excl. divested 227 n.m. ^ n.m. ^ 2) 240 -5%
biz) ^ 1) 2)
EBITDA margin adj. % 9.1 % 16.3 % -720 bps 23.6 % -1,450 bps
EBITDA adj. 21 42 -51 % 64 -68 %
EBITDA margin % 182.4 % 13.9 % +16,850 bps 21.7 % +16,070 bps
EBITDA 413 36 +1,060 % 59 +602 %
Total Semiconductors (sum) 625 621 +1 % 637 -2 %
1) Divestment of non-optical mixed-signal sensors to IFX closed Q3 2026
2) n.m. = not meaningful
Optical Semiconductors (OS) delivered another strong quarter, with
broad-based growth across end markets and adjusted EBITDA margin improving
sequentially to 19.2% on higher volumes and better factory performance.
Light Sensors & Photonics (LSP) primarily reflected selling the
non-optical sensor business to Infineon, softer consumer demand in China
and the transition to manufacturing services.
Semiconductors industry dynamics
Automotive remained broadly stable year-on-year as continued content and
market-share gains helped offset softer market conditions. Excluding
portfolio effects, automotive semiconductor business grew by approx. 4 %
year-on-year. Industrial & Medical grew 12% year-on-year, supported by the
ongoing industrial recovery and strength in horticulture, visualization
and sensing. Excluding portfolio effects, I&M grew by approx. 23%
year-on-year. Consumer declined 13%, mainly reflecting weakness in the
smartphone market and portfolio effects.
in EUR million Q3 2026 Q2 2026 QoQ Q3 2025 YoY
Semiconductors by industry
Automotive 235 231 +2 % 239 -2 %
I&M 196 204 -4 % 174 +12 %
Consumer 195 186 +5 % 224 -13 %
Total Semiconductors (sum) 625 621 +1 % 637 -2 %
Lamps & Systems Business (L&S, traditional auto lamps):
L&S showed also a portfolio effect: reported revenues declined 6%
year-on-year as a result of the divestiture of the industrial- and
entertainment business, while the remaining business grew 9%, continuing
to demonstrate strong momentum and market-share gains amid structural
shifts in the competitive landscape. Revenues increased 11% sequentially
on normal seasonality, while the adjusted EBITDA margin expanded to 23.1%
on higher volumes and improved factory performance.
in EUR million Q3 2026 Q2 2026 QoQ Q3 2025 YoY
Revenue (reported) 204 184 +11 % 216 -6 %
Revenue (excl. divested 204 n.m. ^ 2) n.m. ^ 2) 187 +9 %
biz) ^1)
EBITDA margin adj. % 23.1 % 18.3 % +480 bps 13.2 % +990 bps
EBITDA adj. 47 34 +40 % 28 +66 %
EBITDA margin 21.0 % 17.2 % +380 bps 9.1 % +1,190 bps
EBITDA 43 32 +35 % 20 +117 %
1) Divestment of Entertainment and Industry Lamps to Ushio closed Q1 2026
2) n.m. = not meaningful
Outlook
For Q4 2026, ams OSRAM expects revenues of EUR 750 – 850 million and an
adjusted EBITDA margin of 16.0% ± 1.5 percentage points, based on an
assumed EUR/USD exchange rate of 1.12. The outlook reflects normal
seasonality, with lower semiconductor revenue expected to be partly offset
by the seasonal peak in the traditional automotive lamps business. The
impact of portfolio divestitures is of the order of EUR 75 million
compared to Q4 2025.
in EUR million Q4 2026
low mid high
Revenue 750 800 850
quarter-on-quarter -10 % -3 % +3 %
EBITDA margin adj. % 14.5 % 16.0 % 17.5 %
For FY27, the company continues to see a clear path to positive free cash
flow.
Additional Information
Additional financial information as well as a comprehensive investor
presentation for the third quarter 2026 is available on the company
[4]website.
ams OSRAM will host a press call as well as a conference call for analysts
and investors on the third quarter 2026 results on Friday, 13 November
2026. The conference call for analysts and investors will start at 9:45
a.m. CET and can be joined via [5]webcast. The [6]conference call for
journalists will take place at 11:00 a.m. CET.
About ams OSRAM
The ams OSRAM Group (SIX: AMS) is a global leader in innovative light and
sensor solutions. As a specialist in Digital Photonics, we combine
engineering excellence with cutting-edge global manufacturing to offer our
customers the broadest portfolio of digital light and sensing
technologies.
“Sense the power of light” — our success has ever since been based on a
deep understanding of the potential of light. For 120 years, we have been
developing innovations that move markets: from automotive applications and
industrial manufacturing to medical and consumer electronics. In the
anniversary year of the OSRAM brand, around 18,500 employees worldwide are
working on pioneering solutions alongside societal megatrends such as
smart mobility, artificial intelligence, augmented reality, smart health,
and robotics. This is reflected in around 12,000 patents granted and
applied for. Headquartered in Premstaetten/Graz (Austria) with
co-headquarters in Munich (Germany), the group achieved EUR 3.3 billion
revenues in 2025 and is listed as ams-OSRAM AG on the SIX Swiss Exchange
(ISIN: AT0000A3EPA4).
Find out more about us on [7]https://ams-osram.com
ams and OSRAM are registered trademarks of ams OSRAM Group. In addition,
many of our products and services are registered or filed trademarks of
ams OSRAM Group. All other company or product names mentioned herein may
be trademarks or registered trademarks of their respective owners.
Join ams OSRAM social media channels: [8]>LinkedIn [9]>YouTube
For further information
Investor Relations Media Relations
ams-OSRAM AG ams-OSRAM AG
Dr Juergen Rebel Bernd Hops
Senior Vice President Senior Vice President
Investor Relations Corporate Communications
T: +43 3136 500-0 T: +43 3136 500-0
[10][email protected] [11][email protected]
Consolidated Statement of Income in accordance with IFRS (unaudited)
in EUR million 9 months until 9 months until
(except earnings per Q3 2026 September 30, Q3 2025 September 30,
share) 2026 2025
Revenue 829 2,430 853 2,448
Cost of sales -610 -1,818 -628 -1,818
Gross profit 220 611 226 631
Research and development -83 -282 -97 -289
expenses
Selling, general, and -108 -326 -102 -313
administrative expenses
microLED adaption result^1 -1 5 2 9
Other operating income 422 445 21 68
Other operating expenses -34 -64 -12 -16
Results from investments 0 -1 0 -3
accounted for using the
equity method
Result from operations 416 388 37 87
Financial income 10 38 22 133
Financial expenses -99 -341 -81 -297
Financial result -89 -303 -59 -164
Result before income taxes 327 85 -22 -78
Income taxes -8 -42 -5 -31
Net result 319 43 -28 -109
Attributable to:
Non-controlling interests 0 1 0 1
Shareholders of ams-OSRAM 318 42 -28 -110
AG
Basic earnings per share 3.21 0.43 -0.28 -1.10
(in EUR)
Diluted earnings per share 2.97 0.40 -0.28 -1.10
(in EUR)
^1)^ microLED adaption result reflects net charges (impairments and
reversals of impairments on assets as well as additions to and reversals
of provisions) due to the cancellation of the microLED project on February
28, 2024.
Consolidated Balance Sheet in accordance with IFRS (unaudited)
in EUR million September 30, 2026 December 31, 2025
ASSETS
Cash and cash equivalents 1,392 1,483
Trade receivables 458 415
Other current financial assets 44 81
Inventories 816 724
Other current non-financial assets 200 152
Assets held for sale 65 116
Total current assets 2,975 2,972
Property, plant, and equipment 1,480 1,565
Intangible assets 1,782 1,945
Right-of-use assets 109 120
Investments in associates 4 5
Other non-current financial assets 51 89
Deferred tax assets 75 60
Other non-current non-financial 56
assets 61
Total non-current assets 3,562 3,840
Total assets 6,537 6,812
LIABILITIES AND EQUITY
Liabilities and provisions
Current interest-bearing loans and 59
borrowings 48
Trade payables 469 477
Other current financial liabilities 788 927
Current provisions 265 183
Income tax payable 35 36
Other current non-financial 309
liabilities 339
Liabilities and provisions associated 12 37
with assets held for sale
Total current liabilities and 2,028
provisions 1,955
Non-current interest-bearing loans 2,502
and borrowings 2,226
Other non-current financial 537
liabilities 552
Employee benefits 472 513
Non-current provisions 91 51
Deferred tax liabilities 51 30
Other non-current non-financial 202
liabilities 143
Total non-current liabilities and 3,836
provisions 3,534
Equity
Issued capital 998 998
Additional paid-in capital 1,986 2,022
Treasury shares -22 -32
Other components of equity 173 110
Retained earnings -2,095 -2,156
Total equity attributable to 942
shareholders of ams-OSRAM AG 1,040
Non-controlling interests 7 6
Total equity 1,047 948
Total liabilities, provisions and 6,537 6,812
equity
Consolidated Statement of Cash Flows in accordance with IFRS (unaudited)
9 months until 9 months until
in EUR million Q3 2026 September 30, Q3 2025 September 30,
2026 2025
Operating activities
Net result 319 43 -28 -109
Reconciliation between net
result and cash flows from
operating activities
Depreciation, 87 293 119 309
amortization, impairments
and reversal of
impairments
Expenses from stock option 17 5 17
plans (acc. To IFRS 2) 6
Income taxes 8 42 5 31
Financial result 89 303 59 164
Result from sales of -375 -380 -15 -16
businesses, intangible
assets and property,
plant, and equipment
Result from investments in 1 0 3
associates -0
Changes in current assets
and current liabilities
Inventories 2 -99 17 -50
Trade receivables -31 -34 -85 79
Other current assets -13 -24 189 -13
Trade payables 16 8 0 -8
Current provisions 29 37 0 -17
Other current liabilities -148 -100 -59 -7
Changes in other assets -2 -40 -30 -41
and liabilities
Income taxes paid -4 -20 -7 -31
Dividends received - 0 - 0
Interest received 10 27 7 17
Interest paid -53 -213 -91 -207
Cash flows from operating 88 122
activities -61 -139
Consolidated Statement of Cash Flows in accordance with IFRS (unaudited) –
Cont’d
9 months 9 months
in EUR million Q3 2026 until Q3 2025 until
September 30, September 30,
2026 2025
Investing activities
Additions to intangible assets -45 -164 -48 -140
and property, plant, and
equipment
Inflows from sale of 5 23 2 17
intangible assets, and
property, plant and equipment
Inflows from sale of 563 661 - -
businesses, net of cash and
cash equivalents, disposed of
Cash flows from investing 523 520 -46 -123
activities
Financing activities
Acquisition of treasury shares -20 -25 - -
Inflows from bonds - 988 526 526
Transaction costs for the -2 -22 -8 -8
issue of interest-bearing
loans and borrowings as well
as for the repurchase of
convertible bonds
Repayment of bonds - -999 - -
Repurchase of convertible - -317 - -
bonds
Repayment of convertible bonds - - - -447
Inflows from loans 1 3 0 70
Repayment of loans -10 -16 -57 -63
Repayment of lease liabilities -12 -36 -13 -40
Acquisition of non-controlling -23 -49 -11 -69
interests in OSRAM Licht AG
Dividends paid to shareholders - -24 - -27
of OSRAM Licht AG
Dividends paid to other - - -1 -1
non-controlling shareholders
Cash flows from financing -67 -496 435 -60
activities
Effect of changes in foreign 1 25 -9 -59
exchange rates on cash and
cash equivalents
Change in cash and cash 396 -90 468 -119
equivalents
Cash and cash equivalents at 997 1,483 511 1,098
the beginning of the period
Cash and cash equivalents at 1,393 1,393 979 979
the end of the period
Less: Cash and cash 1 1 - -
equivalents of assets held for
sale at the end of the period
Cash and cash equivalents at 1,392 1,392 979 979
the end of the period
Reconciliation from adjusted figures to reported figures in accordance
with IFRS
9 months until 9 months
in EUR million Q3 2026 September 30, Q3 2025 until
2026 September 30,
2025
Gross profit – adjusted 227 684 253 710
Acquisition-related -10 -31 -10 -31
expense^1
Share-based compensation -1 -3 -1 -3
Transformation costs 4 -39 -16 -46
Gross profit 220 611 226 631
EBITDA – adjusted 135 402 166 447
microLED adaption result^2 -1 -10 16 13
Acquisition-related -6 -16 -10 19
expenses^1
Share-based compensation -6 -17 -5 -17
Transformation costs 10 -54 -12 -64
Result from the sale of 372 377 -3 -2
businesses
Result from at-equity 0 -1 0 -3
investments
EBITDA 503 681 152 393
Amortization, Depreciation -87 -293 -116 -306
and Impairment
Net financing result -89 -303 -59 -164
Income tax result -8 -42 -5 -31
Net result 319 43 -28 -109
microLED adaption result^2 1 10 -16 -13
Acquisition-related 6 16 10 -19
expenses^1
Share-based compensation 6 17 5 17
Transformation costs -10 54 12 64
Result from the sale of -372 -377 3 2
businesses
Result from at-equity 0 1 0 3
investments
Amortization, Depreciation 14 73 41 77
and Impairment^3
Net result adjusted -35 -163 27 22
^1 Acquisition-related expenses include amortization, depreciation and
impairment of purchase price allocated assets, integration, carve-out and
other acquisition related costs. The amount for the nine months until
September 30, 2025, contains the gain from the court ruling on trade
secret and patent infringement suit.
^2 microLED adaption result reflects net charges (impairments losses and
reversals of impairment losses on assets, additions to and reversals of
provisions, and other expenses) due to the cancellation of the microLED
project on February 28, 2024.
^3 The amount reported represents the difference between depreciation,
amortization, impairment losses and reversals of impairment losses
reported in accordance with IFRS and the corresponding amounts adjusted
and therefore comprises the adjusted value attributable to these
positions.
Reconciliation of Comparable Free Cash Flow to Free Cash Flow
9 months until 9 months until
in EUR million Q3 2026 September 30, Q3 2025 September 30,
2026 2025
Comparable Free Cash Flow 462 381 42 -1
(incl. net interest paid)
Therein: Inflows from sale - - - -
of financial investments
Free Cash Flow 462 381 42 -1
Therein: Cash flows from -61 -139 88 122
operating activities
Therein: Cash flows from 523 520 -46 -123
investing activities
APM Definitions
EBIT EBIT (Earnings Before Interest and Taxes) represents
the result from operations based on the results
reported in the Consolidated Statement of Income.
This metric is derived from revenues and expenses
recognized in the financial statements and includes
all operating and other effects incurred during the
reporting period. It serves as a key IFRS-based
performance measure for assessing the company's
operating performance and represents the reference
measure for the reconciliation to adjusted metrics.
EBIT Margin EBIT Margin is calculated as EBIT divided by revenue
for the respective period. This metric is used to
analyze operating profitability after depreciation
and amortization relative to revenue and enables a
comparative assessment of margin development
EBIT adjusted EBIT adjusted represents the result from operations
adjusted for special items, particularly
transformation effects, acquisition-related effects,
and other non-operating or non-recurring items,
including related depreciation and amortization
effects. The adjustment items are disclosed
separately. This metric is used to analyze operating
performance after depreciation and amortization and
provides a view of profitability excluding special
items.
EBIT Margin adjusted EBIT Margin adjusted is calculated as EBIT adjusted
divided by revenue for the respective period. This
metric is used to analyze operating profitability
after depreciation and amortization relative to
revenue and enables a comparative assessment of
margin development excluding special items.
EBITDA EBITDA (Earnings Before Interest, Taxes, Depreciation
and Amortization) represents earnings before
interest, taxes, depreciation of property, plant and
equipment, and amortization of intangible assets,
derived from the results reported in the Consolidated
Statement of Income. The metric includes all effects
recognized during the period without adjustments for
special items. It is used to analyze operating
earnings power before depreciation and amortization
and serves as the reference measure for the
reconciliation to adjusted metrics.
EBITDA Margin EBITDA Margin is calculated as EBITDA divided by
revenue for the respective period. This metric is
used to analyze operating profitability before
depreciation and amortization relative to revenue and
enables a comparative assessment of margin
development.
EBITDA adjusted Adjusted EBITDA represents earnings before interest,
taxes, depreciation of property, plant and equipment,
and amortization of intangible assets, adjusted for
special items, particularly transformation effects,
acquisition-related effects, and other non-operating
or non-recurring items. The adjustment items are
disclosed separately. This metric is used to analyze
operating performance before depreciation and
amortization and provides a view of profitability
excluding special items.
EBITDA Margin EBITDA Margin adjusted is calculated as EBITDA
adjusted adjusted divided by revenue for the respective
period. This metric is used to analyze operating
profitability before depreciation and amortization
relative to revenue and enables a comparative
assessment of margin development excluding special
items
Net Result Net Result represents the result after income tax
based on the results reported in the Consolidated
Statement of Income. The metric includes all effects
recognized during the period without adjustments for
special items. It is used to present earnings
performance after tax and serves as the reference
measure for the reconciliation to adjusted metrics.
Net Result adjusted Net Result adjusted represents the result after
income tax adjusted for special items at EBIT level
as well as additional non-operating effects within
financial income and income tax positions. The
adjustment items are disclosed separately. This
metric is used to present earnings performance after
tax excluding special items and to enhance
comparability.
Free Cash Flow Free Cash Flow consists of cash flows from operating
activities and cash flows from investing activities
based on the Consolidated Statement of Cash Flows.
The metric includes all cash flows incurred during
the period without adjustments for special items. It
is used to assess the actual generation of cash based
on reported cash flows and serves as the reference
measure for deriving Comparable Free Cash Flow.
Comparable Free Cash Comparable Free Cash Flow (incl. net interest paid)
Flow consists of cash flows from operating activities and
cash flows from investing activities, less Inflows
from sale of financial investments (e.g., cash
inflows resulting from a change in pension trustee
arrangements under IAS 19).
Net Debt Net Debt represents current and non-current
interest-bearing loans and borrowings less cash and
cash equivalents, based on the balance sheet items
reported in the Consolidated Balance Sheet. The scope
of liabilities included (e.g., including or excluding
lease liabilities) is disclosed separately. This
metric is used to analyze the company's indebtedness
and capital structure.
Pro Forma Leverage Pro Forma Leverage Ratio is calculated as Net Debt
Ratio divided by EBITDA adjusted, taking into account
transaction effects (e.g., divestitures) on a pro
forma basis. This metric illustrates how leverage
would appear after considering such changes and is
used to assess the company's financial position
following significant portfolio measures or similar
transactions.
Revenue Growth at Revenue Growth at Constant Currency measures the
Constant Currency change in revenue compared with the prior period
after eliminating foreign exchange effects. This
metric is used to analyze underlying operational
revenue development independently of currency
fluctuations.
Diluted Earnings per Diluted Earnings per Share adjusted is calculated as
Share (EPS) adjusted net result adjusted divided by the diluted weighted
average number of shares outstanding. The adjustment
items are disclosed separately. This metric is used
to present adjusted earnings performance per share
from the shareholders’ perspective, excluding special
items.
End of Inside Information
══════════════════════════════════════════════════════════════════════════
13-Nov-2026 CET/CEST News transmitted by [12]EQS Group
View original content: [13]EQS News
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Language: English
Company: ams-OSRAM AG
Tobelbader Straße 30
8141 Premstaetten
Austria
Phone: +43 3136 500-0
E-mail: [email protected]
Internet: https://ams-osram.com/
ISIN: AT0000A3EPA4
WKN: A118Z8
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
Stuttgart, Tradegate BSX; BX, SIX, Vienna Stock Exchange
(Vienna MTF)
LEI Code: 5299001JPPT2QFTV5D76
EQS News ID: 2434116
End of Announcement EQS News Service
2434116 13-Nov-2026 CET/CEST
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References
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1. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=2be925ac0334ae7b4f51fbaee4a6daf0&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
3. https://www.opencompute.org/projects/semi-private-workstreams/short-reach-micro-emitter-optics-srmo/?_gl=1*1z3q3j*_up*MQ..*_ga*MTE4ODQzODU5MS4xNzk0NDIxMzM0*_ga_HYNL8C0MSS*czE3OTQ0MjEzMzQkbzEkZzEkdDE3OTQ0MjE0MzMkajYwJGwwJGgw
4. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=1e659132d413fd32968bb37e6aca1d7a&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
5. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=fe16565371bcd05509adce23783415f5&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
6. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=b42954aff0db1c56eeb98fdc4d91cdd4&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
7. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=d3a037c64875941641231f2939f6c402&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
8. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=2e38dcb34f79060ddc9490cdb693d91b&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
9. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=928a9cd78ac8af8e0181c5f67885e5fb&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
10. mailto:[email protected]
11. mailto:[email protected]
12. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
13. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=06a5cea7f5799ca0fe4fe2a28af6b416&application_id=2434116&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=newsOTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |
