MagnaChip Semiconductor
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Range $8 – $8
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About the company
Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs, liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, level shifter, and other consumer electronics, as well as for power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives; and OLED display driver integrated circuit products.
- CEO
- Chae Lee
- IPO
- 2011
- Employees
- 711
- HQ
- Cheongju-si, NC, KR
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- Market Cap
- $119.35M
- P/E
- -3.89
- PEG
- 2.46
- P/S
- 0.67
- P/B
- 0.53
- EV/EBITDA
- -2.14
- Div Yield
- 0.00%
- Gross Margin
- 16.08%
- Op Margin
- -19.50%
- Net Margin
- -17.22%
- ROE
- -12.72%
- ROIC
- -7.90%
Latest fiscal year · YoY change
- Revenue
- $179.90M-22.4%
- Gross Profit
- $32.44M-37.5%
- Op Income
- $-29,978,000
- Net Income
- $-29,724,000+45.3%
- EPS
- $-0.82+43.1%
- OCF Growth
- -294.7%
- FCF Growth
- -205.6%
- 52W High
- $9.86
- 52W Low
- $2.18
- 50D MA
- $4.22
- 200D MA
- $3.57
- Beta
- 1.66
- RSI (14)
- 39
- Avg Volume
- 2.22M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Magnachip beat the high end of gross margin guidance in Q2, but revenue declined and management is still guiding for a softer Q3 amid pricing pressure, packaging constraints, and product-mix headwinds.· July 29, 2026
- Q2 revenue from continuing operations was $44.7 million, down 6.1% year over year and down 3.3% sequentially.
- Q2 gross margin improved to 19.3%, above the 17% to 19% guidance range, though it was below 20.4% a year ago.
- Non-GAAP diluted loss per share was $0.13, and adjusted EBITDA was negative $4.2 million.
- Management said legacy products remain pressured by pricing competition, while new-generation products are starting to show traction.
- Q3 guidance implies revenue of $41.5 million to $45.5 million and gross margin of 17% to 19%, with revenue expected to be hit by supply-chain packaging constraints, weaker custom application volumes, and legacy pricing pressure.
Q2 consolidated revenue from continuing operations was $44.7 million, compared with $47.6 million in Q2 2025 and $46.2 million in Q1 2026. Gross profit margin was 19.3% versus 20.4% in Q2 2025 and 15.6% in Q1 2026. Non-GAAP diluted loss per share was $0.13, compared with a loss of $0.05 a year ago and $0.11 in Q1 2026; adjusted EBITDA was negative $4.2 million versus negative $1.5 million in Q2 2025 and negative $3.6 million in Q1 2026. For Q3 2026, management expects revenue of $41.5 million to $45.5 million and gross margin of 17% to 19%. Management also said new-generation products are still expected to contribute at least 10% of revenue in Q4 2026, versus approximately 2% for full-year 2025.
Chae Lee framed the company’s strategy as a shift from being a follower to becoming a leader by focusing on differentiated power semiconductor products rather than competing mainly on price. He said he is encouraged by the company’s people, technology, customer relationships, and the early signs that new products are gaining traction, but emphasized that the recent financial results have not matched the strength of the assets. He highlighted the Navitas partnership as a capital-efficient way to expand into high-voltage silicon carbide and accelerate the transition.
Shin Young Park said Q2 revenue and margin came in within or above guidance, with gross margin exceeding the top end of the range at 19.3%. He attributed the year-over-year revenue decline mainly to weaker legacy demand and intensified pricing competition, while the sequential decline was tied to seasonal softness in Communication and the prior quarter’s inventory reduction program. On the balance sheet, cash ended Q2 at $87.9 million, down from $94.6 million in Q1, with the decline driven by operating cash outflows and $1.3 million of capex; total borrowings were $41.5 million, including $15.6 million of equipment loan. He also noted the company established a $50 million ATM program for flexibility.
There was no analyst Q&A because no questions were taken. The most notable forward-looking discussion came in management’s prepared remarks, where they explained that Q3 revenue should be pressured by packaging constraints, lower-than-planned customer volumes in some custom applications, and continued pricing pressure on legacy products. Management also reiterated that lower fab utilization tied to a planned electrical substation upgrade is expected to create a one-quarter lag effect on gross margin, with Q4 gross margin expected to decline slightly from Q3.
The positive case is that Magnachip says its new-generation products are beginning to gain traction, and management still expects them to reach at least 10% of revenue in Q4 2026. The Navitas agreement could expand the addressable market into higher-voltage silicon carbide and gives the company a capital-efficient path into a faster-growing segment.
The call also showed that legacy product pricing pressure is still weighing on revenue and mix, and management expects those issues to continue for some time. Q3 guidance points to lower revenue and only modest margins, with added near-term issues from packaging constraints, softer customer demand in certain custom applications, and a one-quarter lag from lower fab utilization.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 74.5%
- Shares Outstanding
- 36.50M
- Float Shares
- 27.19M
of shares held by institutions
73 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 239.69K | ▼ 790.33K |
| Two Sigma Advisers, LP | 237.94K | ▼ 52.80K |
| Cubist Systematic Strategies, LLC | 29.68K | ▼ 34.17K |
| Cibc Private Wealth Group, LLC | 1.48K | 0 |
| Cwm, LLC | 15 | ▲ 15 |
Held by 23 ETFs
Biggest fund positions in MX by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 15, 26 | MARTINO CAMILLO | other | 6,764 |
| Aug 1, 26 | MARTINO CAMILLO | other | 39,286 |
| Aug 1, 26 | Chung Kyo-Hwa Liz | other | 48,810 |
| Aug 1, 26 | NATHAN GILBERT E | other | 51,191 |
| Aug 1, 26 | Amoruso Cristiano | other | 46,429 |
| Jul 1, 26 | LEE CHAE | other | 288,750 |
| Jul 1, 26 | LEE CHAE | other | 148,750 |
| Jul 1, 26 | LEE CHAE | other | 0 |
| Mar 16, 26 | NATHAN GILBERT E | buy | 21,994 |
| Mar 13, 26 | NATHAN GILBERT E | buy | 13,006 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our MX coverage
Recent articles, reports, and earnings notes.
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Generate MX report →Magnachip Semiconductor Q2 Earnings Call Highlights
marketbeat.com · Jul 30
Magnachip Semiconductor Corporation (MX) Q2 2026 Earnings Call Transcript
seekingalpha.com · Jul 29
Magnachip Reports Results for Second Quarter 2026
businesswire.com · Jul 29
Magnachip to Announce Second Quarter 2026 Financial Results on July 29, 2026
businesswire.com · Jul 8
Magnachip Appoints Chae Lee as Chief Executive Officer
businesswire.com · Jun 29
Magnachip Launches New 6th-Generation 600V SJ MOSFETs for AI Servers and EV Charging Applications
businesswire.com · Jun 22
Magnachip Semiconductor: A Coiled Spring Play In The AI Era
seekingalpha.com · Jun 1
Magnachip to Showcase MV MOSFET Portfolio for AI Servers and Data Centers Alongside Its Broader Power Semiconductor Portfolio at PCIM Europe 2026
businesswire.com · May 26
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