earnings
confidence high
sentiment neutral
materiality 0.75
Magnachip Q1 2022 revenue $104.1M, down 15.4% YoY; strong Power Solutions record
MAGNACHIP SEMICONDUCTOR Corp
2022-Q1 EPS reported
$0.20
revenue$104,093,000
- Revenue $104.1M, down 5.7% Q/Q and 15.4% YoY; GAAP diluted EPS $0.20.
- Gross margin 37.5%, up 960 bps YoY on improved product mix and higher ASPs.
- Display Solutions rev. $29.2M (-29.3% Q/Q) due to 28nm 12" OLED wafer shortage.
- Power Solutions rev. $64.8M, record high, up 11.4% Q/Q and 20.0% YoY.
- Non-GAAP diluted EPS $0.28, up 27% YoY; adjusted operating income $14.5M (+0.7% Q/Q).