South Korea's Magnachip Q2 revenue falls 6% yr/yr

MagnaChip Semiconductor

29/07/2026 21:12

Overview
South Korea-based power semiconductor maker's Q2 revenue fell 6% yr/yr, within guidance range
Adjusted loss per share widened to $0.13 from $0.05 a year earlier
Company expects Q3 revenue and margin to decline further due to supply chain and pricing pressures

Outlook
Magnachip expects Q3 revenue between $41.5 mln and $45.5 mln, down sequentially and year-over-year
Company sees Q3 gross margin between 17% and 19%, lower than Q2 due to product mix
Magnachip cites supply chain packaging constraints and pricing pressure as factors for Q3 outlook

Result Drivers
SEGMENT REVENUE DECLINE - Both Power Analog Solutions and Power IC segments saw lower revenue sequentially and year-over-year
OTHER CHARGES - Q2 results included $1.1 mln customer goodwill payment and $0.9 mln in one-time employee incentives

Company press release: ID:nBw672Zla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$4.82 mln
 
Q2 Adjusted EBITDA
 
-$4.22 mln
 
Q2 Gross Margin
 
19.3%
 
Q2 Adjusted EBIT
 
-$6.98 mln
 
Q2 Operating Income
 
-$9.98 mln
 

Reuters Recommended Reads
July 27 - Navitas Semiconductor Q2 revenue rises on AI infrastructure demand
July 29 - SK Hynix's record profit misses forecasts, shares slump 10% despite robust AI chip demand
July 27 - Amkor Technology Q2 revenue rises 26%, beats 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.)