MagnaChip Semiconductor Corporation

03/04/2026 | Press release | Distributed by Public on 03/04/2026 15:31

Magnachip Reports Results for Fourth Quarter and Full-Year 2025 (Form 8-K)

Magnachip Reports Results for Fourth Quarter and Full-Year 2025

Q4 Results Summary

•
Consolidated revenue from continuing operations (which includes Power Analog Solutions ("PAS") and Power IC ("PIC") businesses) was $40.6 million, approximately at the mid-point of our guidance range of $38.5 to $42.5 million.
•
Consolidated gross profit margin from continuing operations was 9.3%, slightly above the mid-point of our guidance range of 8.0% to 10.0%.
•
Product revenue from our Communications business grew 24% sequentially and 68% year-over-year.

Q4 Highlights

•
Launched 24 new-generation products in the fourth quarter.

2025 Highlights

•
Launched 55 new-generation products in 2025, compared with four for the full year 2024.
•
Signed a strategic agreement to expand our industrial business based on a jointly developed IGBT technology with Hyundai Mobis.
•
Executed multiple operating expense cost reduction programs, including a headcount reduction program, expected to generate more than $2 million in annualized savings beginning in Q4 2025.
•
$21.4 million was spent in 2025 for the Gumi fab upgrade, of which $17.0 million was funded through equipment financing loans.

SEOUL, South Korea, Mar. 4, 2026 - Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced financial results for the fourth quarter and full year 2025.

Camillo Martino, Magnachip's CEO said, "Magnachip has a strong foundation in power semiconductors, built on decades of engineering expertise, trusted customer relationships, and a reputation for quality and reliability. Over the past year, we have taken deliberate actions to simplify the business, significantly reduce our cost structure, and sharpen our focus on power, while increasing investment in new-generation products where we can compete and win."

Mr. Martino added, "While near-term market conditions remain challenging, the changes we have made are deliberate and structural. With a more focused strategy, a stronger product pipeline, and disciplined execution, we believe Magnachip is better positioned to improve competitiveness, strengthen margins over time, and drive a more consistent recovery."

Q4 and 2025 Financial Highlights

In thousands of U.S. dollars, except share data

GAAP(1)

Q4 2025

Q3 2025

Q/Q change

Q4 2024(1)

Y/Y change

Consolidated Revenues

40,570

45,946

down

11.7

%

51,153

down

20.7

%

Power Solutions business

40,570

45,946

down

11.7

%

48,858

down

17.0

%

Power Analog Solutions

36,811

41,548

down

11.4

%

43,455

down

15.3

%

Power IC

3,759

4,398

down

14.5

%

5,403

down

30.4

%

Transitional Fab 3 foundry services(2)

-

-

n/a

-

2,295

n/a

-

Consolidated Gross Profit Margin

9.3

%

18.6

%

down

9.3

%pts

21.7

%

down

12.4

%pts

Power Solutions business

9.3

%

18.6

%

down

9.3

%pts

23.2

%

down

13.9

%pts

Power Analog Solutions

6.5

%

16.0

%

down

9.5

%pts

20.5

%

down

14.0

%pts

Power IC

36.7

%

43.2

%

down

6.5

%pts

44.9

%

down

8.2

%pts

Transitional Fab 3 foundry services(2)

-

-

n/a

-

(11.0

)%

n/a

-

Operating Loss

(12,446

)

(11,538

)

down

n/a

(6,828

)

down

n/a

Loss from continuing operations

(8,792

)

(10,609

)

up

n/a

(7,702

)

down

n/a

Basic Loss per Common Share

(0.24

)

(0.29

)

up

n/a

(0.21

)

down

n/a

Diluted Loss per Common Share

(0.24

)

(0.29

)

up

n/a

(0.21

)

down

n/a

In thousands of U.S. dollars, except share data

Non-GAAP(1)(3)

Q4 2025

Q3 2025

Q/Q change

Q4 2024(1)

Y/Y change

Adjusted Operating Loss

(11,881

)

(7,421

)

down

n/a

(3,459

)

down

n/a

Adjusted EBITDA

(8,856

)

(3,964

)

down

n/a

337

down

n/a

Adjusted Income (Loss)

(2,714

)

(390

)

down

n/a

5,751

down

n/a

Adjusted Income (Loss) per Common Share-Diluted

(0.08

)

(0.01

)

down

n/a

0.15

down

n/a

In thousands of U.S dollars, except share data

GAAP(1)

2025

2024(1)

Y/Y Change

Consolidated Revenues

178,860

196,425

down

8.9

%

Power Solutions business

178,860

185,828

down

3.7

%

Power Analog Solutions

160,477

166,804

down

3.8

%

Power IC

18,383

19,024

down

3.4

%

Transitional Fab 3 foundry services(2)

-

10,597

n/a

-

Consolidated Gross Profit Margin

17.6

%

19.7

%

down

2.1

%pts

Power Solutions business

17.6

%

21.5

%

down

3.9

%pts

Power Analog Solutions

14.9

%

18.9

%

down

4.0

%pts

Power IC

41.0

%

44.4

%

down

3.4

%pts

Transitional Fab 3 foundry services(2)

(11.5)

%

n/a

-

Operating Loss

(35,860

)

(25,973

)

down

n/a

Loss from continuing operations

(14,249

)

(27,310

)

up

n/a

Basic Loss per Common Share

(0.39

)

(0.72

)

up

n/a

Diluted Loss per Common Share

(0.39

)

(0.72

)

up

n/a

In thousands of U.S dollars, except share data

Non-GAAP(1)(3)

2025

2024(1)

Y/Y Change

Adjusted Operating Loss

(28,488

)

(19,087

)

down

n/a

Adjusted EBITDA

(15,567

)

(4,241

)

down

n/a

Adjusted Loss

(7,866

)

(8,321

)

up

n/a

Adjusted Loss per Common Share-Diluted

(0.22

)

(0.22

)

up

n/a

(1)
GAAP and non-GAAP metrics summarized herein do not include any amounts relating to the Display business, which has been classified as discontinued operations from Q1 2025, and we have reclassified certain prior year amounts to conform to the current year's presentation.
(2)
Following the consummation of the sale of the Foundry Services Group business and Fab 4 in Q3 2020, we provided transitional foundry services to the buyer for foundry products manufactured in our fabrication facility located in Gumi, Korea, known as "Fab 3" ("Transitional Fab 3 Foundry Services"). The contractual obligation to provide the Transitional Fab 3 Foundry Services ended August 31, 2023, and we had wound down these foundry services by the end of 2024. Because these foundry services during the wind-down period had still been provided to the same buyer by us using our Fab 3 based on mutually agreed terms and conditions, we continued to report our revenue from providing these foundry services and related cost of sales within the Transitional Fab 3 Foundry Services line in our consolidated statement of operations until such wind down was completed. Management believes that disclosing revenue of Transitional Fab 3 Foundry Services separately from the Power Solutions business allows investors to better understand the results of our core PAS and Power IC businesses.
(3)
Management believes that non-GAAP financial measures, when viewed in conjunction with GAAP results, can provide a meaningful understanding of the factors and trends affecting our business and operations and assist in evaluating our core operating performance. However, such non-GAAP financial measures have limitations and should not be considered as a substitute for net loss or as a better indicator of our operating performance than measures that are presented in accordance with GAAP. A reconciliation of historical GAAP results to non-GAAP results is included in this press release.

Q1 2026 Financial Guidance

While actual results may vary, Magnachip currently expects the following:

•
Consolidated revenue from continuing operations (which includes Power Analog Solutions and Power IC businesses) to be in the range of $44.0 to $48.0 million, up 13.4% sequentially and up 2.9% year-over-year at the mid-point. This compares with $40.6 million in Q4 2025 and $44.7 million in Q1 2025.
•
Consolidated gross profit margin from continuing operations to be in the range of 14% to 16%, up from 9.3% in Q4 2025 but down from 20.9% in Q1 2025.

Q4 and Full Year 2025 Earnings Conference Call

Magnachip will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET today, Wednesday, March 4, 2026, to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. A live and archived webcast of the conference call and a copy of earnings release will be accessible from the 'Investors' section of the Company's website at www.magnachip.com.

Online registration: https://register-conf.media-server.com/register/BI9d3aea74bb7c44d78d19c946518cef3c

MagnaChip Semiconductor Corporation published this content on March 04, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 04, 2026 at 21:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]