Quarterly ResultApr 28, 2026, 04:33 PM
MX Q1 Revenue $46.2M (+3.3% YoY); Gross Margin 15.6%
AI Summary
Magnachip Semiconductor reported Q1 2026 consolidated revenue of $46.2 million, a 3.3% increase year-over-year and 13.9% quarter-over-quarter, meeting the mid-point of its guidance. Gross profit margin was 15.6%, exceeding the mid-point of guidance. The company also launched new 8th-generation products and provided Q2 2026 revenue guidance of $44.5M-$48.5M and gross profit margin of 17%-19%.
Key Highlights
- Q1 2026 consolidated revenue from continuing operations was $46.2 million, up 3.3% YoY and 13.9% QoQ.
- Q1 2026 consolidated gross profit margin was 15.6%, above the guidance mid-point.
- Power Analog Solutions revenue reached $41.647 million, increasing 4.5% YoY.
- Power IC revenue was $4.561 million, up 21.3% QoQ but down 6.2% YoY.
- Q1 2026 basic loss per common share was $(0.13), compared to $(0.11) in Q1 2025.
- Company launched 8th-generation ultra low-Rss(on) 12V BatteryFET and 40V/60V MV MOSFETs.
- Q2 2026 revenue guidance is $44.5 million to $48.5 million, roughly flat sequentially.
- Q2 2026 gross profit margin guidance is 17% to 19%, up from Q1 2026.