Financial Highlights
Q1 consolidated revenue was $49.1 million, within our guidance range of $46-51 million.
Q1 standard product business revenue was up 10.6% sequentially.
Q1 consolidated.
Magnachip Semiconductor Corporation ("Magnachip" or the "Company") today announced financial results for the first quarter 2024.
YJ Kim, Magnachip's Chief Executive Officer, commented, "In Q1 we started the initial revenue ramp for OLED DDICs for.
Shares of semiconductor manufacturer Magnachip Semiconductor (NYSE:MX) fell 15.9% in the morning session after the company reported fourth-quarter results, with revenue and gross margin falling below expectations. In addition, its full-year 2024 revenue and operating profit guidance fell short of Wall Street's estimates as the company announced it would transition its Gumi Fab from lower-margin Transitional Foundry Services products to higher-margin Power products. Magnachip announced that start
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%,.