Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Magnachip Semiconductor Corp. (MX)
NYSE:MX
Holding MX?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.19Last Year’s EPS
-$0.21Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -15.85%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in revenue and strategic progress towards becoming a pure-play standard products company. However, challenges such as declining gross margins, increased operating loss, and transitions away from the foundry business indicate areas of concern.Company Guidance
In the third quarter of 2024 earnings call for Magnachip Semiconductor Corporation, the company provided guidance for the fourth quarter, expecting consolidated revenue to be in the range of $59 million to $64 million, with MSS revenue anticipated between $15 million to $17 million and PAS revenue projected at $42 million to $45 million. Consolidated gross profit margin is forecasted to be between 21.5% and 23.5%. For the full year 2024, Magnachip continues to expect double-digit revenue growth in both MSS and PAS segments, with MSS revenue targeted to exceed the $44.4 million recorded in 2023, and PAS revenue aiming to surpass the $151.3 million achieved last year. The company plans to wind down its Transitional Foundry Services by the end of 2024, with any remaining revenue deemed immaterial beyond the fourth quarter.Revenue Growth
Q3 revenue was $66.5 million, up 8.5% year-over-year and 25% sequentially, reaching the high end of guidance.
MSS Business Performance
MSS revenue was $16.4 million, up 54.5% year-over-year and 41.8% sequentially.
PAS Business Growth
PAS revenue was $47.6 million, up 16.1% year-over-year and 21.2% sequentially.
Strategic Focus and Transition
Successful transition towards a pure-play standard products company, leveraging mixed signal expertise.
New Product Developments
Introduction of new DDIC with 20% power reduction, and design wins in automotive and smartwatch markets.
Stock Buyback Program
Repurchased 0.5 million shares for $2.5 million, with $27.5 million remaining authorization.
---
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
---
MX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Feb 28, 2024 | $6.69 | $5.70 | -14.80% |
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.
---
FAQ
When does Magnachip Semiconductor Corp. (MX) report earnings?
Magnachip Semiconductor Corp. (MX) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Magnachip Semiconductor Corp. (MX) earnings time?
Magnachip Semiconductor Corp. (MX) earnings time is at Feb 13, 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 2024 (Q4) is -$0.19.
---