Magnachip Reports Results for Third Quarter 2024
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
Financial HighlightsQ3 consolidated revenue was $66.5 million, at the high-end of guidance range of $61.5-66.5 million.Q3 standard product business revenue was up 25.9% sequentially.Q3 consolidated gross profit margin of 23.3% was in-line with the mid-point of guidance range of 22.5-24.5%.Q3 standard product business gross profit margin was 24.4%, up 1.3 percentage points sequentially.Ended Q3 with cash of $121.1 million; and an additional non-redeemable short-term financial investment of $30 million.Repurchased approximately 0.5 million shares for aggregate purchase price of $2.5 million during the quarter.Operational HighlightsBroad-based sequential revenue growth in our PAS business was driven by leaner distribution channels and better-than-typical seasonality. Relative strength was more evident in industrial, computing, and consumer applications. Automotive continues to show strength with additional design wins in Japan and China.Started initial DDIC production and shipments for a
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News
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- Investors in Magnachip Semiconductor (NYSE:MX) have unfortunately lost 81% over the last three years [Yahoo! Finance]Yahoo! Finance
- Magnachip Semiconductor Co. (NYSE: MX) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Magnachip Expands Production of 7th Generation MXT LV MOSFETs Based on Super Short Channel FET Technology [Yahoo! Finance]Yahoo! Finance
- Magnachip Expands Production of 7th Generation MXT LV MOSFETs Based on Super Short Channel FET TechnologyBusiness Wire
MX
Earnings
- 10/30/24 - Miss
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Analyst Actions
- 9/12/24 - Barclays PLC
MX
Sec Filings
- 11/15/24 - Form SCHEDULE
- 11/7/24 - Form 10-Q
- 10/30/24 - Form 8-K
- MX's page on the SEC website