South Korea's Magnachip Q3 gross margin falls on FX movements

MagnaChip Semiconductor

04/11/2026 21:33

Overview
South Korea-based power semiconductor maker's Q3 net sales declined 4.3% yr/yr, within guidance range
Gross margin of 14.0%, below guidance, mainly due to FX movements
Company announced $5 mln strategic equity investment from Navitas Semiconductor

Outlook
Magnachip sees Q4 consolidated revenue between $41.0 mln to $45.0 mln
Company expects Q4 gross profit margin of 10% to 12%

Result Drivers
FOREIGN EXCHANGE - Co said gross margin was primarily hurt by unfavorable foreign exchange movements
SUBSTATION UPGRADE COSTS - Co incurred costs related to an electrical substation upgrade at its Gumi fabrication facility
NEW PRODUCT LAUNCHES - Co launched 15 new sixth-generation E6 Super-Junction MOSFETs targeting consumer and industrial applications

Company press release: ID:nBwPBKcza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Loss
 
$12.54 mln
 
Q3 Adjusted EBITDA
 
-$3.50 mln
 
Q3 Gross Margin
 
14.00%
 
Q3 Adjusted Operating Loss
 
$8.59 mln
 
Q3 Operating Income
 
-$12.88 mln
 

Reuters Recommended Reads
Nov 3 - Navitas Semiconductor Q3 revenue beats estimates on rising demand from AI data centers and grid infrastructure
Nov 2 - Advanced Energy Q3 revenue beats on record semiconductor and data center computing sales
Nov 4 - GlobalFoundries Q3 revenue slightly beats, adjusted profit exceeds estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)