Magnachip Semiconductor Corpora
3.0400+0.00 (+0%)
Oct 29, 4:00:02 PM EDT · NYSE · MX · USD
Key Stats
Market Cap
109.21MP/E (TTM)
-Basic EPS (TTM)
-0.92Dividend Yield
0%Recent Filings
8-K
Magnachip appoints interim CEO
Magnachip Semiconductor's board ousted CEO Young-Joon Kim on August 11, 2025, amid strategic and financial pressures, appointing Chairman Camillo Martino as interim CEO to steer the shift to a pure-play power semiconductor focus. Martino pledged to slash capital expenditures by over 50% through 2027, targeting $30-35 million total with net cash outlay of $12-13 million, while pursuing $2-3 million in annual operating expense savings via headcount cuts. The board explores strategic alternatives, including a potential sale. Leadership shakeup signals urgency.
10-Q
Q2 FY2025 results
Magnachip's Q2 FY2025 revenues climbed 2.6% y/y to $47.6M, all from the Power solutions business after ending transitional foundry services, with Power Analog Solutions up 7.7% y/y to $42.3M on stronger MOSFET demand in communications and computing. Gross profit held steady at $9.7M but margins slipped to 20.4% from 21.1% y/y due to pricing pressure on older products in China. Operating loss widened to $7.4M from $5.7M y/y, driven by higher R&D spend on staff and materials, yet a $10.8M foreign currency gain flipped continuing operations to $8.5M profit versus a $2.2M loss last year. Cash dipped to $113.3M amid $29.8M operating outflow and $12.1M capex, offset by $7.0M CAPEX loan drawdown; total debt stands at $36.5M secured by Gumi facilities. The Display shutdown, completed in Q2, incurred $7.4M impairments but eyes $20M cash inflows over two years from EOL sales and IP monetization. Korea sales surged 14.3% y/y to 47.7% of Power revenue. U.S. export controls on advanced semiconductors pose ongoing risks to supply chains.
8-K
Q2 revenue up 8.1%
Magnachip Semiconductor posted Q2 2025 revenue of $47.6 million from continuing operations, up 8.1% year-over-year, fueled by 46.7% growth in PAS communications revenue and 11.1% in Power ICs, though gross margin dipped to 20.4%. The company repurchased 0.7 million shares for $2.3 million amid five straight quarters of growth. Yet tariffs and pricing pressures in China prompted a flat full-year revenue outlook, down from mid-to-high single-digit hopes.
8-K
Annual meeting elects directors
Magnachip Semiconductor's stockholders convened their 2025 Annual Meeting on June 23, electing five directors—Kyo-Hwa Chung, Young-Joon Kim, Ilbok Lee, Gilbert Nathan, and Camillo Martino—to serve until 2026, despite varying withheld votes up to 7.7 million shares. The advisory vote approved executive compensation, with 16.1 million for and 4.7 million against, while Ernst & Young Han Young was ratified as auditors for 2025 with near-unanimous support from 28.1 million shares. Board continuity holds firm. No major disruptions noted.
8-K
Exec departure announced
Magnachip Semiconductor and Chief Compliance Officer Theodore S. Kim mutually agreed to his departure from executive roles, effective October 22, 2025. The split stems from no disagreements over operations or policies. Kim's 11+ years bolstered legal, compliance, and risk functions while navigating key corporate developments. Separation terms await disclosure.
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