Magnachip Semiconduct

Q2 FY2026 EarningsQ2 FY26 results missed consensus across key top-line and profitability metrics: revenue was $44.7M vs. $46.5M expected, and gross margin fell to 19.3% vs. 15.5% (though mean consensus was 15.5%, high end was 19.0%, and actuals showed YoY erosion). Operating loss of -$10.0M was wider than the -$8.3M EBIT consensus. While discontinued operations showed a net gain, the core Power Solutions business faced intensified pricing competition in China and weaker demand in LED/OLED segments. Guidance for Q3 suggests a temporary margin benefit from high fab utilization in Q2, but this is expected to be offset by an unfavorable product mix.