ams OSRAM Posts EUR 1.601 Billion H1 Revenue, Focuses on Digital Photonics

ams OSRAM recently reported its results for the first half of 2026. Group revenue for the half year was €1.601 billion (approximately RMB 12.462 billion), broadly flat year on year, while adjusted EBITDA was €267 million, a margin of 16.7%. Due to one-off factors including a large redemption premium expense and transformation costs, the company posted a net loss of €121 million in the second quarter and a net loss of €276 million in the first half, though both narrowed significantly quarter on quarter.

The group posted revenue of €805 million (approximately RMB 6.266 billion) in the second quarter, up 4% year on year and 1% sequentially, landing at the high end of the guidance range. Adjusted EBITDA was €136 million, corresponding to a margin of 16.9%, also reaching the upper end of guidance.

By segment, the Opto Semiconductors (OS) division generated revenue of €364 million (approximately RMB 2.912 billion) in the second quarter, up 6% year on year and 11% sequentially, showing broad-based improvement driven by both the automotive and industrial markets, with seasonal and structural factors both contributing. Adjusted EBITDA was €65 million, up 18% sequentially, while the margin fell from 22.9% to 17.7% due to foreign exchange and raw material costs.

The CMOS Sensors and Application-Specific Integrated Circuits (CSA) division posted revenue of €257 million (approximately RMB 2.056 billion) in the second quarter, up 7% year on year and 14% sequentially, driven by a seasonal recovery in the consumer business and strong performance in the non-optical sensor business. Adjusted EBITDA reached €42 million, a sharp 75% increase sequentially, with a margin of 16.3%.

The Lighting & Systems (L&S) division posted revenue of €184 million (approximately RMB 1.472 billion) in the second quarter, down 4% year on year and 25% sequentially, mainly because the entertainment and industrial luminaire business was no longer consolidated following its sale. Adjusted EBITDA was €34 million (approximately RMB 272 million), up 16% year on year, with the margin reaching 18.3%, an increase of 3.1 percentage points from a year earlier, as profitability strengthened further despite the reduced business scope.