Quarterly ResultMay 8, 2026, 04:38 PM
Magnachip Semiconductor Q1 Net Loss Narrows to $4.65M; Sales Up 3.3%
AI Summary
Magnachip Semiconductor reported a net loss of $(4.65) million for Q1 2026, a significant improvement from the $(8.88) million net loss in Q1 2025, primarily driven by a positive contribution from discontinued operations. Net sales increased by 3.3% to $46.21 million. However, the loss from continuing operations widened to $(4.70) million, and cash and cash equivalents decreased to $94.55 million. The company also saw a substantial increase in the current portion of long-term borrowings.
Key Highlights
- Q1 2026 Net Sales: $46.21 million, up 3.3% from $44.72 million in Q1 2025.
- Q1 2026 Net Loss: $(4.65) million, an improvement from $(8.88) million in Q1 2025.
- Q1 2026 Basic Loss Per Share: $(0.13), improved from $(0.24) in Q1 2025.
- Loss from continuing operations: $(4.70) million in Q1 2026, compared to $(4.05) million in Q1 2025.
- Income from discontinued operations: $0.05 million in Q1 2026, compared to a loss of $(4.83) million in Q1 2025.
- Cash and cash equivalents: $94.55 million as of March 31, 2026, down from $103.76 million at Dec 31, 2025.
- Net cash provided by operating activities: $1.56 million for Q1 2026, compared to $(4.67) million used in Q1 2025.
- Current portion of long-term borrowings increased to $26.43 million from $0 at Dec 31, 2025.
Price Impact
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