MX
Magnachip Semiconductor Corporation2.5700
-0.0600-2.28%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
SiC details, Korea focus clarified
Q&A provided targeted color without contradictions, clarifying Q1 gross margins of 14-16% exclude Q4's one-time hit and mirror adjusted Q4 levels amid persistent China pricing on legacy products. Management detailed $2 million+ annualized SG&A savings kicking in fully next year to cushion R&D hikes. Camillo stressed Korea's backyard customers will drive higher revenue share, while global sales continue. On silicon carbide, he confirmed development underway, team expansion, and NDA customer talks—but it's a multi-year path, possibly using external fabs initially. Answers stayed crisp, directly tackling analyst probes. New-gen ramps remain the watch item.
Key Stats
Market Cap
92.47MP/E (TTM)
-Basic EPS (TTM)
-1.07Dividend Yield
0%Recent Filings
10-K
8-K
Q4 revenue $40.6M, margin 9.3%
Magnachip posted Q4 2025 revenue of $40.6M, down 11.7% sequentially, with gross margin shrinking to 9.3% amid tough markets. Full-year Power Solutions revenue fell 3.7% to $178.9M, yet product launches jumped to 55 from four, while cost cuts yield over $2M annual savings. Q1 2026 guides $44-48M revenue. Communications surged 68% YoY.
8-K
Amoruso joins Magnachip board
Magnachip appointed Cristiano Amoruso as independent director effective January 14, 2026, adding him to Audit, Compensation, and Nominating committees. The semiconductor veteran, Co-Founder of Byreforge and ex-CEO of Suniva, brings transformation expertise to bolster growth as a pure-play power products firm. No related-party transactions disclosed. He gets $165,000 annual RSUs plus cash retainers.
8-K
Director Ilbok Lee retires
Magnachip Semiconductor's director Ilbok Lee retires from the Board effective January 14, 2026, after 14+ years including chairing the Nominating and Corporate Governance Committee. His departure stems from personal reasons, with no disagreements on operations or policies. Lee delivered key strategic and technical insights. Board loses a steady hand.
10-Q
Q3 FY2025 results
Magnachip's Q3 revenues dipped 17% y/y to $46M from Power solutions, with gross profit sliding 26% to $8.5M (18.6% margin vs 20.8%) on pricing pressure in China, yet Power Analog held steady YTD at $124M. Operating loss widened to $11.5M from early termination charges ($4M) tied to Display shutdown, while net loss hit $13.1M versus $9.6M last year—net exceeding operating by foreign currency loss. Cash fell to $108M after $30M burn; long-term debt rose to $39M (Term Loan at 4.86% due 2027, CAPEX at 2.66% due 2035). Customer concentration risks loom large.
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