---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-022718"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:31:34.947138+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Magnachip Q1 revenue $57M, down 45% YoY; GAAP loss $0.49 per share

## Summary
- Revenue of $57.0M, within guidance, but down 45.2% YoY due to wafer shortage and inventory correction.
- GAAP diluted loss per share $0.49; non-GAAP diluted loss per share $0.24.
- Gross profit margin 21.2% (low end of guidance), down from 37.5% a year ago.
- Display Solutions revenue $10.8M (-62.9% YoY); Power Solutions $40.7M (-37.3%).
- CEO expects recovery in H2 2023 but near-term results remain soft.

## SEC filing metadata
- accession: 0001140361-23-022718
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000114036123022718/0001140361-23-022718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000114036123022718/brhc20052425_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022718
- JSON: https://secwatch.observer/filing/0001140361-23-022718.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022718.txt

## Key facts
- Earnings Releases
  MAGNACHIP SEMICONDUCTOR Corp reported first quarter ended March 31, 2023 results: revenue $57.0 million, net income Net Income (Loss) (21,470), EPS GAAP diluted loss per share was $0.49.
  - Period: first quarter ended March 31, 2023
  - Revenue: $57.0 million
  - Net income: Net Income (Loss) (21,470)
  - EPS: GAAP diluted loss per share was $0.49
  - Result: reported results
  source text: Magnachip Reports Results for First Quarter 2023 • Revenue of $57.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000114036123022718/0001140361-23-022718-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.