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ams OSRAM reported Q4 revenues of €874 million, exceeding guidance, with an adjusted EBITDA margin of 18.4%. The company generated free cash flow of €144 million despite challenging market conditions. It is in a transformation phase, simplifying its structure and divesting non-strategic assets, including selling its analog sensor business to Infineon for €570 million, expected to close in Q2 2026.

Semiconductor revenues were €595 million, reflecting an organic growth rate of about 8%. For Q1 2026, ams OSRAM anticipates revenues around €760 million and an adjusted EBITDA margin of 15%.