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Swiss-Austrian maker of optical sensors and LED/laser light sources for smartphones, cars and industrial equipment.
Swiss-Austrian maker of optical sensors and LED/laser light sources for smartphones, cars and industrial equipment.
Formed when Austrian sensor maker ams bought German lighting-chip group Osram in 2020, funded with new debt and shares. Revenue splits between smartphones, where a few customers matter, and cars, where LEDs, lasers and sensors are sold through Tier-1 suppliers.
In one line: A smaller optical-sensor peer of Lumentum/onsemi.
Moat: narrow (IP / patents, customer qualification). Deep design-in relationships in optical sensing, but faces well-funded rivals and thin margins.
Headquarters: Premstaetten, Austria · Founded: 1981 · Employees: 19,120
Size ams-OSRAM (AMS.SW) is a Switzerland Information Technology company (Semiconductors) with a market value of $1.78B, the 99th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 14.69 on 6 Nov 2026.
Performance Over six months the shares fell 15.6%, against -24.3% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 2.7% over the last twelve months (peer median +21.3%); the operating margin is 7.5% (peer median 10.9%).
Valuation It trades at 0.9× enterprise value to sales against a peer median of 4.4× (2nd cheapest of 21).
Capital Return on invested capital runs 5.1 points above its cost of capital (5.0% WACC).
Credit ams-OSRAM has 4 bonds outstanding ($3.21B), rated B by the agencies and trading like B+ at a weighted spread of 347 bp.
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 3.08B | CHF 3.11B | CHF 3.27B | CHF 3.49B | CHF 4.84B |
| Revenue growth | — | -5% | -6% | -28% | — |
| Gross profit | CHF 891M | CHF 904M | CHF 934M | CHF 816M | CHF 1.26B |
| EBITDA | CHF 640M | CHF 599M | CHF 1.11B | CHF 605M | CHF 1.70B |
| Net income | -CHF 297M | -CHF 122M | -CHF 749M | -CHF 1.57B | -CHF 447M |
| Free cash flow | -CHF 91.3M | CHF 35.6M | -CHF 63.8M | -CHF 540M | -CHF 63.2M |
| Capital expenditure | CHF 208M | CHF 187M | CHF 478M | CHF 1.02B | CHF 539M |
| Total debt | CHF 2.10B | CHF 2.50B | CHF 2.53B | CHF 2.48B | CHF 2.98B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| ams-OSRAM AMS.SW | $1.78B | -16% | -3% | 8% | 0.9× | n/a |
| STM STM | $41.0B | -29% | +16% | 7% | 2.9× | 38.6% |
| ON Semiconductor ON | $24.6B | -39% | +3% | 19% | 3.9× | 20.0% |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 12.9× | 41.7% |
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 0.9× | 18.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMS.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.0% | -24.1% | 7th lowest of 21 |
| 6-month return | -15.6% | -24.3% | 8th highest of 21 |
| Distance from 52-week high | -42.4% | -50.6% | 7th highest of 21 |
| Revenue growth (TTM) | -2.7% | +21.3% | 4th lowest of 21 |
| Operating margin | 7.5% | 10.9% | 10th lowest of 21 |
| EV / Sales | 0.9× | 4.4× | 2nd cheapest of 21 |
| ROIC minus cost of capital | +5.1 pp | -6.3 pp | 6th highest of 20 |
| EV / EBITDA | 4.1× | 15.2× | 2nd cheapest of 11 |
| Net debt / EBITDA | 1.9× | -0.9× | 3rd most indebted of 11 |
| Bond spread | 347 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ams-OSRAM AMS.SW | Switzerland | $1.78B | -16% | -3% | 8% | 0.9× | n/a | n/a |
| Elite Semiconductor Microelectronics Technology 3006.TW | Taiwan | $1.79B | +14% | +273% | 49% | 0.7× | n/a | n/a |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 17.2× | n/a | n/a |
| BOE HC SemiTek 300323.SZ | China | $1.81B | -38% | +23% | -8% | 2.7× | n/a | n/a |
| Shanghai V-Test Semiconductor Tech 688372.SS | China | $1.82B | -53% | +53% | 18% | 7.5× | n/a | n/a |
| Cohu COHU | United States | $1.82B | -22% | +34% | -2% | 2.9× | 21.5% | -6.6% |
| ISC 095340.KS | South Korea | $1.82B | -50% | +61% | 30% | 7.6× | 10.5% | +12.6% |
| Emmvee Photovoltaic Power EMMVEE.NS | India | $1.84B | -5% | +116% | 29% | 3.0× | n/a | n/a |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 1.0× | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | 3.1× | 38.4% | -4.7% |
| Siltronic WAF.DE | Germany | $1.86B | -46% | +1% | -16% | 1.9× | n/a | n/a |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 2.9× | n/a | n/a |
| Greatek Electronics 2441.TW | Taiwan | $1.68B | +4% | +24% | 21% | 2.5× | 1.6% | +2.7% |
| Shanghai Anlogic Infotech 688107.SS | China | $1.67B | -26% | +70% | -25% | 11.1× | n/a | n/a |
| Psk 031980.KS | South Korea | $1.89B | -4% | +7% | 36% | 10.9× | 19.3% | +39.2% |
| Chengdu Sino-Microelectronics Tech 688709.SS | China | $1.90B | -47% | -15% | -19% | 21.9× | n/a | n/a |
| Shenzhen Injoinic Technology 688209.SS | China | $1.64B | +5% | +13% | 11% | 5.8× | n/a | n/a |
| Aerospace Nanhu Electronic Information Technology 688552.SS | China | $1.64B | -19% | +19% | -6% | 11.0× | 35.8% | +1.0% |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 1.6× | 6.4% | +8.7% |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 22.0× | 44.7% | +18.0% |
| HPSP 403870.KS | South Korea | $1.95B | -37% | -20% | 53% | 15.0× | 15.6% | +23.1% |
ams-OSRAM has 4 bonds outstanding with $3.21B face value. The agencies rate it B; its bonds trade like B+. Weighted yield 6.33%, a spread of 347 bp over government bonds.