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Magnachip (MX) Q1 2025 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Magnachip Semiconductor Corporation (MX) 
Last magnachip semiconductor corporation earnings: 2/19 04:05 pm Check Earnings Report
Chief Financial Officer — Shinyoung Park Investor Relations — Steven Pelayo TAKEAWAYS Strategic Shift -- The board approved the full shutdown of the display business by end of Q2, formally pivoting the company to a pure play power semiconductor focus. Q1 Revenue (Continuing Operations) -- $44.7 million, up 12.1% year over year and down 8.5% sequentially, at the midpoint of the $42 million to $47 million guidance range. Q1 Gross Profit Margin (Continuing Operations) -- 20.9%, up 3.3 percentage points year over year, down 2.3 percentage points sequentially, and above the guidance range high end of 20.5%. Power Analog Solutions Revenue -- $39.9 million, representing 89% of consolidated revenue, up 9.1% year over year, down 8.3% sequentially due to seasonality. Power IC Revenue -- $4.9 million, up 44.1% year over year, down 10% sequentially, accounting for 11% of consolidated revenue. Q1 Adjusted EBITDA (Continuing Operations) -- Negative $2.1 million, compared to negativ Show less Read more
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