<span item_type="fundamental" item_id="d2383dcd6653edd4db1bdefb70b17789" counter_id="ST/US/MX" env="prod"></span><span item_type="announcement" item_id="646206073883858817" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 46.21 M, beating the estimate of USD 46 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.13.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -7.86 M.</p><p></p><h3>Segment Revenue</h3><h4>Power Solutions Business</h4><ul><li><strong>Total Net Sales</strong>: For the three months ended March 31, 2026, net sales were $46.2 million, an increase of 3.3% from $44.7 million for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.<ul><li><strong>Power Analog Solutions</strong>: Net sales increased by 4.5% to $41.6 million for the three months ended March 31, 2026, compared to $39.9 million for the same period in 2025, driven by higher demand for MOSFETs in computing and IGBTs in industrial applications <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Power IC</strong>: Net sales decreased by 6.2% to $4.6 million for the three months ended March 31, 2026, from $4.9 million for the same period in 2025, primarily due to decreased sales of certain OLED IT devices <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul></li></ul><h4>Geographic Net Sales</h4><ul><li><strong>Korea</strong>: Net sales decreased by 4.8% to $20.7 million for the three months ended March 31, 2026, from $21.7 million in 2025, mainly due to competitive pricing pressure and lower demand for Power IC products <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Asia Pacific (other than Korea)</strong>: Net sales increased by 12.4% to $23.6 million for the three months ended March 31, 2026, from $21.0 million in 2025, largely due to higher demand for power products <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>United States</strong>: Net sales slightly increased to $1.2 million for the three months ended March 31, 2026, from $1.2 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Europe</strong>: Net sales decreased to $0.7 million for the three months ended March 31, 2026, from $0.8 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul><h3>Operational Metrics</h3><h4>Gross Profit</h4><ul><li><strong>Total Gross Profit</strong>: Decreased by 23.2% to $7.2 million for the three months ended March 31, 2026, from $9.4 million for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Gross Profit Margin</strong>: Decreased to 15.6% for the three months ended March 31, 2026, from 20.9% for the same period in 2025, primarily due to an unfavorable product mix and ASP erosion <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.<ul><li><strong>Power Analog Solutions Gross Profit</strong>: $5.4 million (12.8% of net sales) for Q1 2026, down from $7.1 million (17.8% of net sales) for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Power IC Gross Profit</strong>: $1.8 million (40.4% of net sales) for Q1 2026, down from $2.3 million (46.5% of net sales) for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul></li></ul><h4>Operating Expenses</h4><ul><li><strong>Selling, General and Administrative (SG&amp;A) Expenses</strong>: Decreased by 16.7% to $7.7 million (16.6% of net sales) for the three months ended March 31, 2026, from $9.2 million (20.6% of net sales) for the same period in 2025, mainly due to decreased employee compensation and lower professional fees <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Research and Development (R&amp;D) Expenses</strong>: Increased by 23.2% to $6.7 million (14.5% of net sales) for the three months ended March 31, 2026, from $5.4 million (12.2% of net sales) for the same period in 2025, attributed to higher personnel costs and more development activities <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul><h4>Operating Loss</h4><ul><li>Operating loss increased to -$7.2 million for the three months ended March 31, 2026, compared to -$5.3 million for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul><h4>Other Income/Expense</h4><ul><li><strong>Interest Income</strong>: $1.1 million for Q1 2026, down from $1.5 million for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Interest Expense</strong>: -$0.4 million for both Q1 2026 and Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Foreign Currency Loss, Net</strong>: -$0.1 million for Q1 2026, an improvement from -$0.4 million for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Income Tax Benefit, Net</strong>: $1.9 million for Q1 2026, up from $0.4 million for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul><h4>Discontinued Operations</h4><ul><li><strong>Income (Loss) from Discontinued Operations, Net of Tax</strong>: Income was $0.1 million for the three months ended March 31, 2026, a significant improvement from a loss of -$4.8 million for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul><h4>Net Loss</h4><ul><li>Net loss was -$4.6 million for the three months ended March 31, 2026, an improvement from -$8.9 million for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by (Used in) Operating Activities</strong>: $1.6 million cash inflow for the three months ended March 31, 2026, compared to -$4.7 million cash outflow for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Net Cash Used in Investing Activities</strong>: -$5.9 million cash outflow for the three months ended March 31, 2026, compared to -$0.4 million cash outflow for the same period in 2025, primarily due to an increase in hedge collateral and purchase of property, plant, and equipment <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Net Cash Used in Financing Activities</strong>: -$0.3 million cash outflow for the three months ended March 31, 2026, compared to -$1.5 million cash outflow for the same period in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li><li><strong>Capital Expenditures</strong>: $3.9 million for property, plant, and equipment for the three months ended March 31, 2026, a $3.7 million increase from $0.2 million in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>[Magnachip Semiconductor Corporation]</strong> plans to upgrade its Gumi fabrication facility’s electrical substation in Q3 2026, which will temporarily impact operations <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>. To mitigate supply disruptions, the company will increase inventory production in Q2 and Q3 2026, expecting this to favorably impact Q2 gross profit margin but adversely affect Q3 and Q4 margins due to lower utilization <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>. The company is transitioning to a pure-play Power company, focusing future investments on its Power Analog Solutions and Power IC businesses to enhance profitability and maximize shareholder value <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1325702/000119312526214750/mx-20260331.htm"></span>.</li></ul>

Magnachip Semiconduct | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 46.21 M