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12.05.25 - 22:15
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Magnachip Reports Results for First Quarter 2025 (Business Wire)
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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 now classified as discontinued operations from Q1 2025.
Q1 2025 Highlights
Q1 was the fourth consecutive quarter of year-over-year growth from continuing operations primarily driven by Power Analog Solutions (PAS) growth in Communications, as well as strength in Power IC.
PAS revenue from the Communication market was u...
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12.03.25 - 11:57
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Magnachip Reports Results for Fourth Quarter and Full-Year 2024 (Business Wire)
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- 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 Highlights
Excluding Transitional Foundry Services, Standard Products business revenue increased 13% year-over-year, with MSS up 22.5% and PAS up 10.2%. Both of these business line growth rates were in line with original guidance for double-digit growth provided at the beginning of 2024.
PAS revenue growth was strongest in Communica...
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12.03.25 - 11:57
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Magnachip Announces Plan to Become a Pure-Play Power Business To Drive Higher Profitability and Maximize Shareholder Value (Business Wire)
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-Company exploring all strategic options for Display to focus on higher-profit potential of Power and Power IC products-
SEOUL, South Korea--(BUSINESS WIRE)--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-down. It expects to complete this strategic process and exit the Display business by the end of Q2 this year.
Magnachip CEO YJ Kim said, “It was an extremely difficult decision when considering both our valued customers and employees. However, our priority is to maximize ...
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10.02.25 - 22:06
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Magnachip to Announce Fourth Quarter 2024 Financial Results on March 12, 2025 and Host Sell-Side Analyst Briefing the Same Day (Business Wire)
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SEOUL, South Korea--(BUSINESS WIRE)--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: https://register.vevent.com/register/BIa6cd0a845f2f49d6b9ae30f6b3ef47d2
A live and archived webcast of the conference call and a copy of the earnings release materials will be accessible from the 'Investors' section of the company's website at www.magnachip.com.
Sell-Side Analyst...
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