Korea's Magnachip Q1 revenue rises 3.3% on new-gen product launches

MagnaChip Semiconductor

28/04/2026 21:21

Overview

Korea-based power semiconductor maker's Q1 revenue rose 3.3% yr/yr to $46.2 mln

Q1 gross margin improved to 15.6% from 9.3% in prior quarter

Adjusted EBIT loss narrowed yr/yr; company launched new-generation products in Q1

Outlook

Magnachip expects Q2 2026 revenue between $44.5 mln and $48.5 mln

Company sees Q2 2026 gross profit margin of 17% to 19%

Magnachip says ongoing product launches expected to drive long-term growth

Result Drivers

NEW PRODUCT LAUNCHES - Co said revenue growth reflected the impact of new-generation product launches and ongoing product competitiveness efforts

INVENTORY AND CHANNEL ACTIONS - Co cited previously communicated inventory and channel actions as contributing to Q1 revenue performance

Company press release: ID:nBw3bZ9KHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$4.65 mln
Q1 Adjusted EBITDA
-$3.64 mln
Q1 Gross Margin
15.60%
Q1 Operating Income
-$7.17 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Magnachip Semiconductor Corp is $4.00, about 23.2% below its April 27 closing price of $5.21

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)