Earnings Releases·Nov 4, 2026, 4:30 PM ET

Magnachip Semiconductor — Third Quarter 2026 Earnings Summary

Consolidated revenue of $44.0 million met guidance but declined 4.3% year-over-year and 1.6% sequentially, while gross margin fell to 14.0% below the 17.0%-19.0% target range due to unfavorable foreign exchange movements and legacy product headwinds.
The company reported an operating loss of $12.9 million and a loss from continuing operations of $13.3 million, representing a 11.6% and 25.2% year-over-year deterioration, respectively, with adjusted EBITDA improving 11.8% to $(3.5) million.
Q4 2026 revenue guidance is set between $41.0 million and $45.0 million, with gross margin expected to range from 10% to 12% due to lower fab utilization from a substation upgrade and Korean Won appreciation.
A $5 million strategic equity investment from Navitas Semiconductor was announced to accelerate next-generation power semiconductor development, alongside the launch of 15 new sixth-generation E6 Super-Junction MOSFETs.
Cash and cash equivalents decreased to $86.9 million from $103.8 million at year-end 2025, while total liabilities and stockholders' equity also declined slightly during the quarter.