Magnachip Semiconductor (NYSE:MX) Announces Quarterly Earnings Results

Magnachip Semiconductor (NYSE:MX) released its quarterly earnings data on Wednesday. The semiconductor company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.09), FiscalAI reports. The company had revenue of $43.98 million for the quarter, compared to the consensus estimate of $47.50 million. Magnachip Semiconductor had a negative net margin of 17.26% and a negative return on equity of 5.84%.

Here are the key takeaways from Magnachip Semiconductor’s conference call:

• Q3 revenue was $44 million, down 4.3% year over year, while gross margin fell to 14% from 18.6% a year earlier and missed guidance. Management attributed the margin shortfall primarily to the Korean won’s sharp appreciation against the U.S. dollar.
• Q4 revenue is expected to be $41 million–$45 million, with gross margin guided to just 10%–12%. Management cited seasonal softness, lower fab utilization during a Gumi plant shutdown, and currency effects, though it expects Q4 to be the gross-margin low point.
• Magnachip plans to accelerate its shift toward differentiated power solutions, targeting approximately 85 new product announcements in 2026, up from 55 last year. Management expects initial sampling of near-term products within 12 months.
• The company and Navitas have begun joint development of high-voltage products, with sampling expected in the second half of 2027; Navitas also invested $5 million in Magnachip. Management says the partnership could expand the company’s reach in markets including AI data centers, energy infrastructure, and industrial applications.

Magnachip Semiconductor Price Performance

Shares of Magnachip Semiconductor stock traded down $0.37 during trading hours on Thursday, reaching $2.04. The company’s stock had a trading volume of 1,407,229 shares, compared to its average volume of 1,303,391. The firm has a 50 day moving average price of $2.98 and a 200-day moving average price of $3.65. Magnachip Semiconductor has a one year low of $1.92 and a one year high of $9.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 1.93. The stock has a market cap of $77.45 million, a P/E ratio of -2.42 and a beta of 1.72.

Insider Transactions at Magnachip Semiconductor

In related news, CEO Chae Lee acquired 20,000 shares of the stock in a transaction dated Thursday, September 24th. The stock was acquired at an average cost of $3.22 per share, with a total value of $64,400.00. Following the purchase, the chief executive officer directly owned 388,750 shares of the company’s stock, valued at approximately $1,251,775. This trade represents a 5.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Magnachip Semiconductor in a report on Thursday, October 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Magnachip Semiconductor Company Profile

Magnachip Semiconductor Corporation (NYSE: MX) is a semiconductor company that designs and supplies analog and mixed-signal products. Its portfolio is focused primarily on power semiconductors and display solutions used in consumer electronics, communications equipment, automotive applications, industrial systems and other electronic devices.

The company’s power products include metal-oxide-semiconductor field-effect transistors (MOSFETs), insulated-gate bipolar transistors (IGBTs), power integrated circuits and other discrete semiconductor devices designed to manage power conversion, distribution and efficiency.