Semiconductor manufacturer Magnachip Semiconductor (NYSE:MX) fell short of analysts' expectations in Q4 FY2023, with revenue down 16.7% year on year to $50.82 million. Next quarter's revenue guidance of $48.5 million also underwhelmed, coming in 9.8% below analysts' estimates. It made a non-GAAP loss of $0.21 per share, improving from its loss of $0.36 per share in the same quarter last year.
Announces successful design-wins with Smartphone Chinese OEMs
Financial Highlights
Q4 revenue of $50.8 million was near the low-end of our guidance range.
Q4 gross profit margin was 22.7%,.
Magnachip Semiconductor (NYSE:MX – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, February 28th. Analysts expect Magnachip Semiconductor to post earnings of ($0.34) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link. Magnachip Semiconductor […]
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