Q3 2025 results confirm ams‑OSRAM’s resilient profitability

ams‑OSRAM AG, a Swiss‑based designer and manufacturer of optical solutions, released the financial figures for the quarter that ended 30 September 2025 on 18 November 2025. The data underline the company’s continued ability to generate stable earnings in a market that is experiencing both currency pressures and modest revenue declines.

Revenue and profitability

  • Revenue fell 3 % year‑on‑year to €853 million, a decline largely attributed to a weaker U.S. dollar, which dampened the company’s international sales mix.
  • Adjusted EBITDA held steady at €166 million, matching the previous quarter and representing an EBITDA margin of 19.5 %. This margin was helped by a favourable one‑time effect and an efficient cost structure.
  • The company’s profit‑ability metrics improved relative to the same period in 2024, signalling that operational discipline is paying off even amid macro‑economic headwinds.

Earnings per share and cash flow

  • The earnings‑per‑share figure reported a loss of 0.26 CHF per share for the quarter, a slight worsening from the 0.23 CHF loss recorded in the corresponding period of 2024.
  • Despite the negative EPS, ams‑OSRAM’s cash‑flow generation remained robust, a key factor that underpins its ongoing investment in research and development across its sensor and light‑technology portfolio.

Market reaction and analyst outlook

  • At the time of the earnings release, the share price was trading around €9.20 on Tradegate, reflecting a drop of roughly 14 % from the previous close. The current closing price on 19 November 2025 was €8.72.
  • Major research houses have maintained a “Buy” rating:
  • UBS issued its recommendation on 18 November, noting the company’s solid margin and cash‑flow profile.
  • Jefferies followed suit the same day, reinforcing confidence in the firm’s long‑term growth prospects.

Strategic implications

ams‑OSRAM’s quarterly results demonstrate that the company is navigating a challenging environment while preserving profitability. The firm’s focus on high‑margin semiconductor and sensor solutions for consumer, automotive, healthcare, and industrial sectors appears to be sustaining demand, even as currency fluctuations erode headline revenue figures.

Investors will likely keep an eye on the company’s ability to translate these operating gains into shareholder returns, particularly as it continues to invest in new product lines and expand its global footprint.