ams OSRAM stock: Core growth supports Q4 revenue guidance

ams OSRAM said on Friday, November 13, 2026, that its reshaped core portfolio continued to grow in the third quarter despite significant portfolio changes. In its Q3 results announcement, the company reported revenue of EUR 829 million and an adjusted EBITDA margin of 16.3 percent.

Core portfolio drives third quarter

Opto Semiconductors led the operating performance with reported growth of 9 percent. On a like-for-like basis and at constant currencies, the semiconductor core portfolio grew approximately 3 percent year on year.

ams OSRAM also secured approximately EUR 1.3 billion in semiconductor design wins during the quarter, taking the year-to-date total to approximately EUR 3.8 billion. The company said its 850nm Thin-Film microVCSEL technology for optical interconnects moved AI Photonics closer to commercialization.

Portfolio effects shape reported figures

The reported EBITDA margin reached 60.7 percent, primarily because of a disposal gain from the non-optical sensor business. The adjusted margin, which better reflects underlying operations, was above the midpoint of the company's guidance.

Fourth-quarter outlook

For the fourth quarter of 2026, ams OSRAM expects revenue of EUR 750 million to EUR 850 million and an adjusted EBITDA margin of 16.0 percent plus or minus 1.5 percentage points. Management also confirmed its path to positive free cash flow in fiscal 2027.

ams OSRAM stock traded at 16.38 euros on Lang & Schwarz at 18:32 CET on Friday, November 13, 2026.

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