secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001193125-22-138698
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q1 2022 revenue $104.1M, down 15.4% YoY; strong Power Solutions record
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522138698/0001193125-22-138698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522138698/d232961d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-138698

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