ams-OSRAM AG
AMS
ISIN AT0000A3EPA4 / Valor 137918297
ams-OSRAM AG
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About company
ams-OSRAM AG is a leading global provider of advanced light and sensor solutions, with a rich history spanning over a century. The company is headquartered in Premstaetten, Austria, and Munich, Germany, and employs approximately 20,000 people worldwide. ams-OSRAM specializes in semiconductor-based light emitters, sensors, CMOS integrated circuits, and software, as well as traditional lighting technologies tailored for automotive and special applications. The company's innovations are pivotal in various sectors, including automotive, industrial, medical, and consumer electronics, where they set industry standards. With a strong focus on digitalization, smart living, energy efficiency, and sustainability, ams-OSRAM leverages its extensive portfolio of around 13,000 patents and patent applications to drive transformative applications. In 2023, the company reported revenues of EUR 3.6 billion, underscoring its significant impact and leadership in the global market.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.05.2026):
ams-OSRAM AG — Q4 2025: The company reported Q4 2025 revenues of EUR 874 m with an adjusted EBITDA margin of 18.4% (above the midpoint of guidance) and delivered EUR 144 m of free cash flow for FY25. FY25 revenue was EUR 3,323 m with an 18.3% adjusted EBITDA margin (+150 bps year‑over‑year). Management reached prior “Re-establish the Base” savings ahead of schedule, announced a EUR 200 m ‘Simplify’ transformation program targeting additional run‑rate savings by FY28, and executed strategic divestments and capital actions to sharpen the balance sheet and fund the company’s focus on Digital Photonics.
Q4 2025 results
Revenues EUR 874 m; adjusted EBITDA margin 18.4%, above midpoint of guidance; semiconductor core like‑for‑like growth +8% year‑over‑year (constant FX).
FY25 performance
Full-year revenue EUR 3,323 m; adjusted EBITDA margin 18.3% (+150 bps YoY); semiconductor core like‑for‑like growth +7% YoY (constant FX); all‑time high semiconductor design wins > EUR 5 bn in 2025.
Free cash flow
Reported FCF EUR 144 m for FY25 (adjusted/excluding extraordinary IAS 19 inflows where noted).
Cost savings achieved
“Re‑establish the Base” target achieved one year ahead of plan with ~EUR 220 m run‑rate savings realized.
‘Simplify’ transformation program
New program targets an additional EUR 200 m run‑rate savings by FY28 and will affect ~2,000 employees (approximately half in Europe).
Strategic divestments and balance‑sheet moves
Announced sale of the non‑optical sensor business to Infineon for EUR 570 m cash (closed 3 Feb 2026) and a EUR 200 m partial repurchase of the 2027 convertible bond (16 Jan 2026); pro‑forma leverage cited at ~2.5x considering ~EUR 670 m cash inflows from divestments.
Outlook Q1 2026 and FY26
Q1 2026 guidance: revenues ~EUR 760 m, adjusted EBITDA margin ~15% ±1.5% (assumes EUR/USD 1.19) and typical seasonality/deconsolidation impacts. FY26: management expects modest YoY revenue softening and EBITDA headwinds from divestment‑related one‑offs, stranded costs and higher precious‑metal prices.
Long‑term ambition
Positioning as a Digital Photonics leader with new 2030 financial targets: Semiconductor mid‑to‑high single‑digit revenue CAGR and ≥25% adjusted EBITDA; Group FCF > EUR 200 m and leverage ratio <2.
Summarized from source with an LLMView SourceKey figures
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2139 M
Market cap (USD)
1,503,792
Daily traded volume (Shares)
6.3 / 5.852
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
Andrea T
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