Magnachip Semiconductor (NYSE:MX) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Magnachip Semiconductor (NYSE:MX) announced its quarterly earnings data on Wednesday. The semiconductor company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.09), FiscalAI reports. The company had revenue of $43.98 million for the quarter, compared to analyst estimates of $47.50 million. Magnachip Semiconductor had a negative return on equity of 5.84% and a negative net margin of 17.26%.

Here are the key takeaways from Magnachip Semiconductor’s conference call:

• Q3 revenue was $44 million, down 4.3% year over year, while gross margin fell to 14% from 18.6% a year earlier and missed guidance. Management attributed the margin shortfall primarily to the Korean won’s sharp appreciation against the U.S. dollar.
• Q4 revenue is expected to be $41 million–$45 million, with gross margin guided to just 10%–12%. Management cited seasonal softness, lower fab utilization during a Gumi plant shutdown, and currency effects, though it expects Q4 to be the gross-margin low point.
• Magnachip plans to accelerate its shift toward differentiated power solutions, targeting approximately 85 new product announcements in 2026, up from 55 last year. Management expects initial sampling of near-term products within 12 months.
• The company and Navitas have begun joint development of high-voltage products, with sampling expected in the second half of 2027; Navitas also invested $5 million in Magnachip. Management says the partnership could expand the company’s reach in markets including AI data centers, energy infrastructure, and industrial applications.

Magnachip Semiconductor Stock Performance

MX stock traded down $0.09 on Wednesday, hitting $2.44. The company’s stock had a trading volume of 750,436 shares, compared to its average volume of 757,972. The company has a current ratio of 2.43, a quick ratio of 1.93 and a debt-to-equity ratio of 0.07. The stock has a market cap of $92.63 million, a price-to-earnings ratio of -2.90 and a beta of 1.72. Magnachip Semiconductor has a 1 year low of $2.18 and a 1 year high of $9.86. The firm has a 50 day moving average of $2.98 and a two-hundred day moving average of $3.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Magnachip Semiconductor in a report on Thursday, October 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Insider Buying and Selling at Magnachip Semiconductor

In related news, CEO Chae Lee acquired 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was purchased at an average cost of $3.18 per share, for a total transaction of $254,400.00. Following the transaction, the chief executive officer directly owned 368,750 shares of the company’s stock, valued at approximately $1,172,625. This trade represents a 27.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is currently owned by company insiders.

Magnachip Semiconductor Company Profile

Magnachip Semiconductor Corporation (NYSE: MX) is a semiconductor company that designs and supplies analog and mixed-signal products. Its portfolio is focused primarily on power semiconductors and display solutions used in consumer electronics, communications equipment, automotive applications, industrial systems and other electronic devices.

The company’s power products include metal-oxide-semiconductor field-effect transistors (MOSFETs), insulated-gate bipolar transistors (IGBTs), power integrated circuits and other discrete semiconductor devices designed to manage power conversion, distribution and efficiency.