MagnaChip Reports Revenue of $229.7 Million in Third Quarter 2019; OLED, Power Revenue Set Records; Foundry Revenue Hits 5-year High
Magnachip Semiconductor Corporation (MX)
Last magnachip semiconductor corporation earnings: 2/19 04:05 pm
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investors.magnachip.com/investor-overview
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Source: PR Newswire
SEOUL, South Korea and SAN JOSE, Calif., Oct. 23, 2019 /PRNewswire/ -- MagnaChip Semiconductor Corporation (NYSE: MX) today announced financial results for the third quarter of 2019. Q3 2019 SummaryRevenue of $229.7 million at high-end of guidance range of $220-230 million; Q3 revenue up 11.5% Year-over-Year (YoY); up 12% Quarter-over-Quarter (QoQ) Standard Products Group (SPG) revenue of $139.2 million, up 14.1% YoY; up 5.5% QoQ Display standard products revenue of $90.6 million, up 16.7% YoY; up 7.5% QoQ OLED display driver IC revenue of $78.3 million up 34.2% YoY; up 7.2% QoQPower standard products revenue of $48.7 million, up 9.5% YoY; up 2.0% QoQFoundry Services Group (FSG) revenue of $90.3 million, up 7.7% YoY; up 23.6% QoQ Total gross profit margin (GPM) of 26.5% exceeded the guidance range of 22-24%; GPM was 27.1% in Q3 2018; 21.4% in Q2 2019Fourth Quarter 2019 Business OutlookMagnaChip anticipates:Normal seasonal softness in revenue but improvement from the fourth quarter of
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MX
Earnings
- 2/28/24 - Beat
MX
Sec Filings
- 3/29/24 - Form 8-K
- 3/26/24 - Form 8-K
- 3/13/24 - Form 4
- MX's page on the SEC website