Magnachip Reports Results for Fourth Quarter and Full-Year 2023
Magnachip Semiconductor Corporation (MX)
Last magnachip semiconductor corporation earnings: 2/19 04:05 pm
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US:NYSE Investor Relations:
investors.magnachip.com/investor-overview
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Source: Business Wire
Announces successful design-wins with Smartphone Chinese OEMsFinancial HighlightsQ4 revenue of $50.8 million was near the low-end of our guidance range.Q4 gross profit margin was 22.7%, near the low-end of our guidance range.Ended Q4 with no debt and cash of $158.1 million.Repurchased approximately $8.2 million of stock during the quarter.Full-year revenue of $230.1 million decreased 31.9% YoY.Full-year gross profit margin was 22.4%, down 760 bps YoY.Operational HighlightsSecured 1st design-win and began initial shipment in Q4 for first generation OLED DDIC for after-service market.Secured 2nd design-win following quarter close with leading Chinese smartphone OEM for spring launch.Entered into strategic commercial partnership with Chinese watch solution provider to collaborate on OLED smartwatch display market.Display and Power business separation and entity restructuring completed effective with the start of 2024; New businesses MSS (Mixed-Signal Solutions) and PAS (Power-Analog Solu
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News
- Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China [Yahoo! Finance]Yahoo! Finance
- Magnachip Celebrates the Grand Opening of Magnachip Technology Company in ChinaBusiness Wire
- Magnachip: Buy The Stock For Cash On The Balance Sheet, Get The Chip Business For $1 Per Share [Seeking Alpha]Seeking Alpha
- Magnachip Semiconductor Co. (NYSE: MX) had its price target lowered by analysts at Roth Mkm from $10.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Magnachip Semiconductor Corporation (NYSE:MX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MX
Earnings
- 5/2/24 - Beat
MX
Sec Filings
- 5/13/24 - Form 3
- 5/10/24 - Form 10-Q
- 5/2/24 - Form 8-K
- MX's page on the SEC website