MagnaChip Semiconductor

MagnaChip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal platform solutions for communications, Internet of Things (IoT) applications, consumer, industrial, and automotive applications. Its products include MOSFETs; IGBTs; AC-DC/DC-DC converters; light-emitting diode (LED) drivers; regulators; power management integrated circuits (PMICs); and industrial applications such as power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives. The company was founded on November 26, 2003 and is headquartered in Luxembourg.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MagnaChip Semiconductor navigates challenges, eyes growth opportunities in 2023

MagnaChip Semiconductor faced challenges in 2022 but showcased resilience and strategic initiatives to drive future success.
The company reported Q4 revenue decline but highlighted positive developments for 2023, emphasizing growth opportunities and new wins in key segments.
With a focus on new product introductions, sales momentum, and OLED expansion, MagnaChip aims to overcome challenges and capitalize on emerging opportunities for sustainable growth.

MagnaChip Semiconductor reports Q1 revenue decline but eyes Q2 growth

MagnaChip Semiconductor faced revenue declines in Q1 but showcased resilience with a strong cash position and debt-free status.
Challenges include operating and net losses, primarily driven by weak demand in certain markets.
Opportunities lie in the company's guidance for Q2 revenue and the emphasis on design wins and product innovations.

MagnaChip Semiconductor reports Q2 revenue decline but shows resilience

MagnaChip Semiconductor faced revenue declines but improved gross margin and initiated a new buyback program.
Challenges include significant YoY revenue drops, operating losses, and reduced cash reserves.
Opportunities lie in business separation, planned investments, and forecasted revenue growth for Q3.

MagnaChip Semiconductor reports Q3 results, plans business separation for growth

MagnaChip Semiconductor navigated mixed Q3 results with revenue decline but sequential improvement, driven by Display and Power business performance.
The company faces challenges in profitability and market conditions but aims to capitalize on opportunities through business separation and strategic initiatives.
With a solid cash position and plans for business restructuring, MagnaChip is positioned to address challenges, leverage strengths, and pursue growth opportunities.

MagnaChip Semiconductor focuses on China growth amid revenue challenges

MagnaChip Semiconductor's Q4 performance showed resilience in Power business revenue despite declines in Display business
The company's strategic shifts towards China and higher-margin products position it for growth in 2024
Challenges include declining revenues in key segments and margin impact from transitional services wind-down
Opportunities lie in transitioning Gumi fab, market penetration in China, and product portfolio enhancements

MagnaChip Semiconductor reports Q1 revenue decline but anticipates recovery

MagnaChip Semiconductor faced revenue declines and margin pressure in Q1 2024, driven by operational challenges.
However, strong sequential growth in PAS and diversified product offerings position the company for potential recovery.
Optimizing operational efficiency, addressing revenue challenges, and capitalizing on growth opportunities will be key focus areas.
Anticipated revenue ranges for Q2 2024 indicate resilience and potential for improved performance.

MagnaChip beats Q2 revenue expectations, eyes China expansion for growth

MagnaChip Semiconductor's Q2 performance exceeded guidance, driven by sequential revenue growth and strong gross margins.
While facing challenges such as YoY revenue decline and increased expenses, the company is focusing on growth opportunities.
Strategic initiatives in China expansion, new products, and fab capacity utilization position MagnaChip for future success.
Overall, MagnaChip's emphasis on innovation and operational efficiency sets the stage for sustained growth and margin improvement.

MagnaChip reports robust Q3 revenue growth and strategic focus

MagnaChip Semiconductor delivered strong revenue growth in Q3 2024, driven by PAS and MSS segments.
While facing challenges in profitability, the company is strategically focusing on core business areas.
Opportunities lie in innovation, growth projections, and strategic planning for future success.
Overall, MagnaChip's financial position and growth prospects position it for continued success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Magnachip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal platform solutions for communications, Internet of Things (IoT) applications, consumer, industrial, and automotive applications. Its products include MOSFETs; IGBTs; AC-DC/DC-DC converters; light-emitting diode (LED) drivers; regulators; power management integrated circuits (PMICs); and industrial applications such as power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives. The company was founded on November 26, 2003 and is headquartered in Cheongju-si, South Korea.

SEOUL, South Korea , May 5, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has surpassed 730 million units in cumulative shipments of organic light-emitting diode display driver integrated circuits (OLED DDICs) as of the end of the first quarter 2022. Magnachip began OLED DDIC development in 2003 and commenced mass production of its first product in 2007.

Magnachip Surpasses 730 Million Units in Cumulative Shipments of OLED DDICs

Magnachip Semiconductor Corporation (NYSE:MX ) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants So-Yeon Jeong - Head of Investor Relations YJ Kim - Chief Executive Officer Shinyoung Park - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH Capital Raji Gill - Needham & Company Martin Yang - Oppenheimer Operator Good day, and thank you for standing by. Welcome to the Q1 2022 MagnaChip Semiconductor Corporation's Earnings Conference Call.

Magnachip Semiconductor Corporation (MX) CEO YJ Kim on Q1 2022 Results - Earnings Call Transcript

Magnachip (MX) delivered earnings and revenue surprises of 12% and 1.94%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Magnachip (MX) Q1 Earnings Beat Estimates

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.

Magnachip Reports Results for First Quarter 2022

-       Low RDS(on) of 40V MOSFET enables efficient control of BLDC motors -       Magnachip expands automotive business, intends to increase market share globally SEOUL, South Korea , April 28, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has released a new 40V Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) to control Brushless Direct Current (BLDC) motors for automotive applications. Given concerns about global climate change and corresponding efforts to reduce carbon emissions, the Electric Vehicle (EV) market is projected to grow significantly.

Magnachip Introduces a new 40V MOSFET to Control BLDC Motors for Automotive Applications

Magnachip (MX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Magnachip (MX) Moves 16.5% Higher: Will This Strength Last?

South Korea's LX Group looked to acquire Magnachip Semiconductor Corporation (NYSE: MX) to create synergy with the group's foundry affiliate, the KED Global reports. Magnachip is the second-largest DDIC chipmaker with a 30% market share.

Why Magnachip Semiconductor Shares Are Soaring Today

The semiconductor company could be acquired soon.

Why MagnaChip Semiconductor Stock Is Soaring Today

Magnachip is catching headlines today on news that LX Group may make an offer on the chip maker. MX stock is up nearly 20% on the news.

Why Is Magnachip Semiconductor (MX) Stock Up 20% Today?

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.

Magnachip to Announce First Quarter 2022 Financial Results on May 3

Magnachip's display and power businesses will drive its revenue growth higher in the years to come.

Magnachip Semiconductor: A Strong Display And Power Play

Magnachip's share price dropped after a buyout attempt by Wise Road failed.

Magnachip's Market Cap Consists Of Almost 40% In Net Cash

Synchronous architecture of high-side and low-side switches achieves high efficiency SEOUL, South Korea , March 15, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has released a synchronous boost converter for a variety of applications, such as NAND flashes for SSDs, OLED panels and Bluetooth speakers. The new synchronous boost converter is equipped with a fast transient response to reduce output voltage fluctuations in a short response time for stable power supply.

Magnachip Introduces High-performance Synchronous Boost Converter

SEOUL, South Korea, March 14, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip Corp." or the "Company") (NYSE: MX), announced today that the Company has completed its previously announced repurchase of $37.5 million of its common stock, pursuant to its accelerated stock repurchase agreement (the "ASR Agreement") with JPMorgan Chase Bank, National Association ("JPM"). Magnachip repurchased approximately two million shares at an average price of $18.51.

Magnachip Completes $37.5 Million Accelerated Stock Repurchase

SEOUL, South Korea, March 3, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that YJ Kim, Magnachip's chief executive officer will participate at the 34th Annual Roth Conference on March 13-15, 2022, in Dana Point, California. YJ Kim will participate in one-on-one and small group meetings with institutional investors on Monday, March 14 and Tuesday, March 15, 2022.

Magnachip Semiconductor to Participate at the 34th Annual Roth Conference

SEOUL, South Korea, Feb. 17, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has commenced full-scale mass production of an organic light-emitting diode display driver integrated circuit (OLED DDIC) for OLED TVs. The recent rise of streaming and console gaming usage amid COVID-19 has driven demand for large-sized high-definition TVs and, as a result, global TV manufacturers are releasing premium OLED TV models.

Magnachip Enters Full-Scale Mass Production of OLED DDIC for OLED TVs

Magnachip Semiconductor Corporation (MX) CEO YJ Kim on Q4 2021 Results - Earnings Call Transcript

Magnachip (MX) delivered earnings and revenue surprises of 29.17% and 8.93%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Magnachip (MX) Q4 Earnings Surpass Estimates

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.

Magnachip Reports Results for Fourth Quarter and Year 2021

Magnachip (MX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Magnachip (MX) Q4 Earnings Expected to Decline

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.

Magnachip to Announce Fourth Quarter and Year 2021 Financial Results on February 16

SEOUL, South Korea, Jan. 13, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has launched 11 new generation high-voltage 600V Super Junction Metal Oxide Semiconductor Field Effect Transistors (SJ MOSFETs). The company has already released product samples and plans to begin mass production of them in March 2022.

Magnachip Launches New Generation of High-Voltage 600V SJ MOSFETs for Wide Range of Consumer Products and Industrial Applications

SEOUL, South Korea, Jan. 12, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has launched new generation Low-Voltage Metal Oxide Semiconductor Field Effect Transistors (LV MOSFETs) featuring lower Rss(on)* for battery Protection Circuit Modules (PCMs) in smartphones. As demand for high-end 5G and LTE smartphones increases, extended battery life and strengthened protection features for batteries are becoming important.

Magnachip Introduces New Generation Low-Voltage MOSFET for Battery Protection Circuit Modules in Smartphones

SEOUL, South Korea, Jan. 7, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that YJ Kim, Magnachip's chief executive officer, and Shinyoung Park, chief financial officer, will host one-on-one meetings at the 24th Annual Needham Virtual Growth Conference on Thursday, January 13 and Friday, January 14, 2022.  Management is also scheduled to participate in a fireside chat on Friday, January 14 at 4:15 pm ET in Track 3.

Magnachip Semiconductor to Participate in 24th Annual Needham Virtual Growth Conference

SEOUL, South Korea, Jan. 6, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company is expanding its organic light-emitting diode display driver integrated circuit (OLED DDIC) product lineup by developing a next-generation OLED DDIC for automotive displays. In recent years, the use of electric vehicles, autonomous driving and connected cars has been increasing and it has driven the demand for automotive semiconductors, which are essential for the rapid advancement of infotainment and driving safety.

News for MagnaChip Semiconductor Stock (MX)