Magnachip Expects Q2 Consolidated Revenue Of $49M-$54M (Est $54.6M); Reiterates FY24 Guidance
$MX
Semiconductors
Technology
The Q2 outlook includes approximately $1.5 million of Transitional Foundry Services.
For the full-year 2024, reiterated prior guidance: Consolidated revenue flat-to-up-slightly year-over-year as recovery in MSS and PAS is offset by the phase-out of Transitional Foundry Services.
FY24 Consolidated gross profit margin between 17% to 20%, primarily as a result of the impact of idle capacity expected from the phase-out of Transitional Foundry Services. This compares with the consolidated gross profit margin of 22.4% in 2023.