Magnachip Q3 revenue falls 17.1%, expects FY revenue to fall 3.8%

MagnaChip Semiconductor

03/11/2025 21:25

Overview

Magnachip Q3 revenue $45.9 mln, down 17.1% yr/yr

Gross profit margin at 18.6%, low end of co's guidance range

Company executed cost reduction programs, plans product expansion

Outlook

Magnachip expects Q4 2025 revenue between $38.5 mln and $42.5 mln

Company projects Q4 2025 gross profit margin of 8% to 10%

Full-year 2025 revenue expected to decline 3.8% year-over-year

Result Drivers

COMMUNICATIONS SEGMENT - Product revenue in the segment grew 34% sequentially and 95% yr/yr

COST REDUCTION - Executed cost reduction programs including headcount reduction, expected to save $2.5 mln annually

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$13.09 mln
Q3 Adjusted EBITDA
-$3.96 mln
Q3 Gross Margin
18.60%
Q3 Adjusted EBIT
Beat
-$7.42 mln
-$7.70 mln (1 Analyst)
Q3 Operating Income
-$11.53 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 $5.00, about 38% above its October 31 closing price of $3.10

Press Release: ID:nBw609ljDa

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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.)