MX - Earnings announcements

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the first quarter ended March 31, 2026, on Tuesday, April 28, 2026, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register-conf

Q4 Results Summary Consolidated revenue from continuing operations (which includes Power Analog Solutions ("PAS") and Power IC ("PIC") businesses) was $40.6 million, approximately at the mid-point of our guidance range of $38.5 to $42.5 million. Consolidated gross profit margin from continuing operations was 9.3%, slightly above the mid-point of our guidance range of 8.0% to 10.0%. Product revenue from our Communications business grew 24% sequentially and 68% year-over-year. Q4 Highlights Launched 24 new-generation products in the fourth quarter. 2025 Highlights Launched 55 new-generation products in 2025, compared with four for the full year 2024. Signed a strategic

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the fourth quarter and full year ended December 31, 2025, on Wednesday, March 4, 2026, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: ht

Q3 Results Summary Consolidated revenue from continuing operations (which includes Power Analog Solutions ("PAS") and Power IC ("PIC") businesses) was $45.9 million, approximately at the mid-point of our guidance range of $44.0 to $48.0 million. Consolidated gross profit margin from continuing operations of 18.6% was at the low end of our guidance range of 18.5% to 20.5%. Product revenue from our Communications segment grew 34% sequentially and 95% year over year. Recent Highlights Executed multiple operating expense cost reduction programs, including a headcount reduction program, which are expected to generate approximately $2.5 million in annualized savings. Implemented

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the third quarter ended September 30, 2025, on Monday, November 3, 2025, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register

Q2 Results Summary Consolidated revenue from continuing operations (which includes Power Analog Solutions ("PAS") and Power IC ("PIC") businesses) increased 8.1% year-over-year to $47.6 million and was above the mid-point of our guidance range of $45.0 to $49.0 million. Consolidated gross profit margin from continuing operations of 20.4% was within our guidance range of 19.5% to 21.5%. Repurchased approximately 0.7 million shares for an aggregate purchase price of $2.3 million. Q2 2025 Highlights Q2 was the fifth consecutive quarter of year-over-year growth from continuing operations primarily driven by Power Analog Solutions (PAS) growth in communications and computing appli

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the second quarter ended June 30, 2025, on Thursday, July 31, 2025, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register-conf

Q1 Results Summary Consolidated revenue from continuing operations (which includes Power Analog Solutions ("PAS") and Power IC ("PIC") businesses) of $44.7 million was in line with the mid-point of our guidance range of $42.0 to $47.0 million. Excluding Transitional Foundry Services, revenue from continuing operations increased 12.1% year-over-year. Consolidated gross profit margin from continuing operations of 20.9% was above the high-end of our guidance range of 18.5% to 20.5%. Repurchased approximately 0.3 million shares for an aggregate purchase price of $1.1 million during the quarter and ended Q1 with cash of $132.7 million. Announced the shutdown of Display business, which is

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the first quarter ended March 31, 2025, on Monday, May 12, 2025, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register-conf.medi

- Announces Transition to Become Pure-Play Power Company; Explores All Strategic Options for Display Business - Q4 Results Summary Consolidated revenue of $63 million was above the mid-point of our guidance range of $59.0 to $64.0 million. Standard Product business revenue was down 5.1% sequentially due primarily to seasonality. Consolidated gross profit margin of 25.2% was above the high-end our guidance range of 21.5% to 23.5%. Standard Product business gross profit margin was 26.6%, up 2.2 percentage points sequentially. Repurchased approximately 0.7 million shares for aggregate purchase price of $2.9 million during the quarter and ended Q4 with cash of $138.6 million. 2024

-Company exploring all strategic options for Display to focus on higher-profit potential of Power and Power IC products- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced that after a thorough review, its Board of Directors and management team have made the decision to become a pure-play Power company to drive revenue growth, improve profitability, and maximize shareholder value. As a result, the Company is exploring all strategic options for its Display business, which will be classified as discontinued operations when the Company reports Q1 results in May. The Company's strategic options include a sale, merger, joint venture, licensing, and wind

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the fourth quarter ended December 31, 2024, on Wednesday, March 12, 2025, before the market opens. Conference Call The Company will host a conference call to discuss the financial results at 5:30 a.m. PT / 8:30 a.m. ET on Wednesday, March 12, 2025. To join the conference call, all participants must use the following link to complete the online registration process in advance. Upon registering, each participant will receive access details, including the dial-in numbers, a PIN number, and an email with detailed instructions to join the call. Online registration: ht

Financial Highlights Q3 consolidated revenue was $66.5 million, at the high-end of guidance range of $61.5-66.5 million. Q3 standard product business revenue was up 25.9% sequentially. Q3 consolidated gross profit margin of 23.3% was in-line with the mid-point of guidance range of 22.5-24.5%. Q3 standard product business gross profit margin was 24.4%, up 1.3 percentage points sequentially. Ended Q3 with cash of $121.1 million; and an additional non-redeemable short-term financial investment of $30 million. Repurchased approximately 0.5 million shares for aggregate purchase price of $2.5 million during the quarter. Operational Highlights Broad-based sequential revenue gro

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the third quarter ended September 30, 2024, on Wednesday, October 30, 2024, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://registe

Financial Highlights Q2 consolidated revenue was $53.2 million, above the mid-point of guidance range of $49-54 million. Q2 standard product business revenue was up 11.6% sequentially. Q2 consolidated gross profit margin was 21.8%, above the upper end of guidance range of 17-19%. Q2 standard product business gross profit margin was 23.1%, up nearly two percentage points sequentially. Ended Q2 with cash of $132.5 million; and also have an additional short-term financial investment of $30 million. Repurchased approximately 0.5 million shares for aggregate purchase price of $2.3 million during the quarter. Operational Highlights Held formal opening ceremony in China

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the second quarter ended June 30, 2024, on Wednesday, July 31, 2024, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register.vev

Financial Highlights Q1 consolidated revenue was $49.1 million, within our guidance range of $46-51 million. Q1 standard product business revenue was up 10.6% sequentially. Q1 consolidated gross profit margin was 18.3%, within our guidance range of 17-20%. Q1 standard product business gross profit margin was down 170 basis points sequentially, mostly due to lower Gumi fab utilization driven by the wind-down of Transitional Foundry Services. Ended Q1 with $29.7 million in long-term borrowing and $171.6 million in cash. Repurchased approximately $4.1 million or 0.6 million shares during the quarter. Operational Highlights Secured a new high-end smartphone OLED DDIC

Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the first quarter ended March 31, 2024, on Thursday, May 2, 2024, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register.vevent

Announces successful design-wins with Smartphone Chinese OEMs Financial Highlights Q4 revenue of $50.8 million was near the low-end of our guidance range. Q4 gross profit margin was 22.7%, near the low-end of our guidance range. Ended Q4 with no debt and cash of $158.1 million. Repurchased approximately $8.2 million of stock during the quarter. Full-year revenue of $230.1 million decreased 31.9% YoY. Full-year gross profit margin was 22.4%, down 760 bps YoY. Operational Highlights Secured 1st design-win and began initial shipment in Q4 for first generation OLED DDIC for after-service market. Secured 2nd design-win following quarter close with leading Chinese sma

SEOUL, South Korea, Feb. 7, 2024 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the fourth quarter ended December 31, 2023, on Wednesday, February 28, 2024, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for

Revenue of $61.0 million was in-line with guidance (vs $60.5M mid-point) and was down 39.8% YoY and up 7% sequentially.Gross profit margin was 22.2%, up 100 basis points from Q1. The sequential improvement was primarily driven by higher utilization at our Gumi Fab.GAAP diluted loss per share was $0.09; Non-GAAP diluted loss per share was $0.06.Completed $25.5 million of stock buyback during the quarter.Ended the quarter with a strong balance sheet with $173 million cash and no debt.Board of Directors authorized a new $50 million stock buyback program.SEOUL, South Korea, Aug. 7, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced f

SEOUL, South Korea, July 19, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the second quarter ended June 30, 2023, on Monday, August 7, 2023, after the market close. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this even

Revenue of $57.0 million was within our guidance range. YoY, our revenue decreased 45.2% primarily due to continued effects of last year's 28nm wafer supply shortage that impacted second half 2022 design-wins and the ongoing inventory correction driven by weak consumer demand.Gross profit margin was 21.2%, at the low end of our guidance range. The sequential decrease was primarily due to lower utilization rate of our internal fabrication facility in response to the industry-wide slowdown and higher fab costs.GAAP diluted loss per share was $0.49.Non-GAAP diluted loss per share was $0.24.SEOUL, South Korea, May 3, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip"

SEOUL, South Korea, April 17, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the first quarter ended March 31, 2023, on Wednesday, May 3, 2023, after the market close. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this eve

Fourth quarter revenue of $61.0 million was near the high-end of our guidance range. YoY, our revenue decreased 44.7% primarily due to severe 28nm wafer shortages required for our Display business. Full-year revenue of $337.7 million decreased 28.8% YoY due to significantly lower Display revenue as a result of severe 28nm 12-inch OLED wafer shortages that impacted 2nd half design-in projects from our large panel customers in Korea and weak demand for Android smartphones that led to an inventory correction by smartphone OEMs.Gross profit margin for the fourth quarter was 26.4%, within our guidance range. Full-year gross profit margin of 30.0% was down 240 bps YoY due mainly to certain invento

SEOUL, South Korea, Feb. 1, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the fourth quarter and year ended December 31, 2022, on Thursday, February 16, 2023, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access det

Revenue of $71.2 million was within our guidance range. The year-over-year and sequential decline were primarily driven by the supply shortages of OLED wafers in the 2nd half of this year that impacted design-in projects from our large panel customer in Korea. Gross profit margin was 24.2%, below the low end of our guidance range as we recorded a $3.3 million charge to scrap 12-inch wafers as a result of slowing demand caused by elevated smartphone inventories in China.GAAP diluted loss per share was $0.38.Non-GAAP diluted earnings per share was $0.02.SEOUL, South Korea, Nov. 2, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced

SEOUL, South Korea, Oct. 19, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the third quarter ended September 30, 2022, on Wednesday, November 2, 2022, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for

Revenue of $101.4 million was down 2.6% sequentially and down 11.0% year-over-year (YoY). The YoY decrease was mainly due to severe supply shortages for 28nm 12" OLED wafers, partially offset by an 11.1% YoY increase in Power solutions business revenue. Gross profit margin was 28.6%, down 890 basis points from Q1 and down 120 basis points from Q2 a year ago. The sequential decrease was primarily the result of: 1) the prior quarter benefiting 200 basis points from a one-time timing mismatch of lower cost 12" wafers, 2) lower demand for China smartphones resulting in an inventory reserve of approximately $4.7 million related to 12" display products, 3) higher foundry cost relating to 12" wafer

SEOUL, South Korea, July 25, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the second quarter ended June 30, 2022, on Monday, August 8, 2022, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this eve

Revenue of $104.1 million was down 5.7% sequentially and down 15.4% year-over-year (YoY). The decrease was mainly due to a 29.3% sequential decline in Display solutions revenue as a result of continued severe supply shortage of 28nm 12" OLED wafers, partially offset by record revenue in our Power solutions business, which was up 11.4% sequentially and 20.0% YoY on strong demand in premium products.Gross profit margin was 37.5%, up 250 basis points from Q4 and up over 960 basis points from Q1 a year ago. The YoY increase was primarily attributable to an improved product mix, combined with an increase in average selling price under a favorable pricing environment.  Sequentially, Q1 benefited b

SEOUL, South Korea, April 7, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the first quarter ended March 31, 2022, on Tuesday, May 3, 2022, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. The conference call will be webcast live and also is available by dialing toll-free at 1-844-536-5472 in US/Canada. International call-in participants can dial 1-614-999-9318. The conference ID number i

SEOUL, South Korea, Feb. 16, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced financial results for the fourth quarter and full-year 2021. Commenting on the results for the fourth quarter of 2021, YJ Kim, Magnachip's chief executive officer stated, "For the fourth quarter, the demand and signals from our customers remained strong across the board. However, severe supply constraints continued to significantly limit our OLED revenue potential, which was partially offset by strong Power business. We reported $110.3

SEOUL, South Korea, Jan. 31, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today it will report its results for the fourth quarter and year ended December 31, 2021 on Wednesday, February 16, 2022 after the close of market. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. The conference call will be webcast live and also is available by dialing toll-free at 1-844-536-5472 in US/Canada. International call-in participants can dial 1-614-999-9318. The conference ID n

SEOUL, South Korea, Dec. 21, 2021 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip Corp." or the "Company") (NYSE:MX), announced today that the Board of Directors has authorized the Company to repurchase up to $75 million of the Company's common stock.  As an immediate step towards implementing the approved stock repurchase program, the Company has entered into an accelerated stock repurchase agreement (the "ASR Agreement") with JPMorgan Chase Bank, National Association ("JPM") to repurchase an aggregate of $37.5 million of Magnachip's common stock. Pursuant to

SEOUL, South Korea, Oct. 25, 2021 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced its financial results for the third quarter 2021. "Magnachip delivered solid third quarter results driven mainly by higher gross profit margin. Supported by an improved product mix, combined with an increase in average selling price under a favorable pricing environment, and high utilization rate at Fab 3, our gross profit margin reached 36.7%, the highest level reported in the company's history, enabling us to achieve a very healthy bo

SEOUL, South Korea, Aug. 5, 2021 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced financial results for the second quarter 2021. "Despite sustained demand across our product portfolio, our Display business revenue was negatively impacted by severe supply constraints that continued to deepen in the second quarter. Global shortages in manufacturing capacities, as well as changes in our foundry partners' wafer allocation plans, limit our ability to meet customers' needs. This revenue decline, however, was partially offse