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Magnachip Semiconductor Corp. (MX)
NYSE:MX
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.28Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -10.40%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Magnachip's earnings call revealed a strategic pivot towards becoming a power-centric company, with notable revenue growth in Q4 2024 and strong MSS performance. However, the decision to review the display business, operating losses, and challenges from winding down the foundry services indicate significant hurdles. The sentiment is balanced with positive strategic initiatives but offset by current operational challenges.Company Guidance
In the call, Magnachip Semiconductor Corporation outlined its strategic shift to become a pure play power company, focusing on Power discrete and Power IC businesses. The company aims for a return to profitability with targets including quarterly adjusted EBITDA breakeven by the end of Q4 2025, positive adjusted operating income in 2026, and positive adjusted free cash flow in 2027. The company announced a new three-year "three-three-three" strategy, targeting a $300 million annual revenue run rate with a 30% gross margin. Additionally, they plan to invest $65 million to $70 million over the next three years to upgrade their Gumi fab, aiming to transition 50% of the fab's capacity to new generation power products by the end of 2026. For Q1 2025, Magnachip expects consolidated revenue from continuing operations to be between $42 million and $47 million, with a gross profit margin of 18.5% to 20.5%. The company also reported Q4 2024 revenue of $63 million, up 24% year-over-year, with a gross profit margin of 25.2%, exceeding their guidance range.New Strategy Announcement
Magnachip announced a new strategy to focus on becoming a pure play power company, prioritizing Power discrete and Power IC businesses to drive profitability and maximize shareholder value.
Revenue Growth in Q4 2024
Q4 revenue was $63 million, up 24% year-over-year, exceeding the midpoint of the guidance range.
Strong Growth in MSS Revenue
MSS revenue in Q4 was $17.3 million, up 102% year-over-year and 5.1% sequentially, driven by strength in automotive.
CEO and CFO Salary Cuts
CEO YJ Kim and CFO Shinyoung Park voluntarily cut their salaries by 20% and 10%, respectively, until the company achieves positive GAAP operating income for two consecutive quarters.
Three-Three-Three Strategy
Magnachip aims to reach a $300 million annual revenue run rate with a 30% gross margin in the next three years.
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MX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $4.04 | $3.82 | -5.45% |
| Oct 30, 2024 | $4.48 | $4.41 | -1.56% |
| Jul 31, 2024 | $5.09 | $5.75 | +12.97% |
| May 02, 2024 | $4.93 | $5.09 | +3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Magnachip Semiconductor Corp. (MX) report earnings?
Magnachip Semiconductor Corp. (MX) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Magnachip Semiconductor Corp. (MX) earnings time?
Magnachip Semiconductor Corp. (MX) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MX EPS forecast?
MX EPS forecast for the fiscal quarter 2025 (Q1) is -0.21.
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