--- title: "Magnachip Semiconduct | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 46.21 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285773080.md" datetime: "2026-05-08T20:34:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285773080.md) - [en](https://longbridge.com/en/news/285773080.md) - [zh-HK](https://longbridge.com/zh-HK/news/285773080.md) --- # Magnachip Semiconduct | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 46.21 M Revenue: As of FY2026 Q1, the actual value is USD 46.21 M, beating the estimate of USD 46 M. EPS: As of FY2026 Q1, the actual value is USD -0.13. EBIT: As of FY2026 Q1, the actual value is USD -7.86 M. ### Segment Revenue #### Power Solutions Business - **Total Net Sales**: 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 . - **Power Analog Solutions**: 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 . - **Power IC**: 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 . #### Geographic Net Sales - **Korea**: 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 . - **Asia Pacific (other than Korea)**: 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 . - **United States**: Net sales slightly increased to $1.2 million for the three months ended March 31, 2026, from $1.2 million in 2025 . - **Europe**: Net sales decreased to $0.7 million for the three months ended March 31, 2026, from $0.8 million in 2025 . ### Operational Metrics #### Gross Profit - **Total Gross Profit**: 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 . - **Gross Profit Margin**: 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 . - **Power Analog Solutions Gross Profit**: $5.4 million (12.8% of net sales) for Q1 2026, down from $7.1 million (17.8% of net sales) for Q1 2025 . - **Power IC Gross Profit**: $1.8 million (40.4% of net sales) for Q1 2026, down from $2.3 million (46.5% of net sales) for Q1 2025 . #### Operating Expenses - **Selling, General and Administrative (SG&A) Expenses**: 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 . - **Research and Development (R&D) Expenses**: 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 . #### Operating Loss - 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 . #### Other Income/Expense - **Interest Income**: $1.1 million for Q1 2026, down from $1.5 million for Q1 2025 . - **Interest Expense**: -$0.4 million for both Q1 2026 and Q1 2025 . - **Foreign Currency Loss, Net**: -$0.1 million for Q1 2026, an improvement from -$0.4 million for Q1 2025 . - **Income Tax Benefit, Net**: $1.9 million for Q1 2026, up from $0.4 million for Q1 2025 . #### Discontinued Operations - **Income (Loss) from Discontinued Operations, Net of Tax**: 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 . #### Net Loss - 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 . ### Cash Flow - **Net Cash Provided by (Used in) Operating Activities**: $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 . - **Net Cash Used in Investing Activities**: -$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 . - **Net Cash Used in Financing Activities**: -$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 . - **Capital Expenditures**: $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 . ### Future Outlook and Strategy - **\[Magnachip Semiconductor Corporation\]** plans to upgrade its Gumi fabrication facility’s electrical substation in Q3 2026, which will temporarily impact operations . 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 . 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 . ### Related Stocks - [MX.US](https://longbridge.com/en/quote/MX.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [The Most Crowded Trade On Earth Is Cracking](https://longbridge.com/en/news/286808606.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)