earnings
confidence high
sentiment negative
materiality 0.75
Magnachip Q2 revenue falls 11% YoY to $101.4M; GAAP loss $0.07, non-GAAP EPS $0.23
MAGNACHIP SEMICONDUCTOR Corp
2022-Q2 EPS reported
$0.13
revenue$205,469,000
- Revenue of $101.4M, down 11% YoY and 2.6% sequentially; Power Solutions up 11.1% YoY.
- GAAP diluted loss per share $0.07; non-GAAP diluted EPS $0.23.
- Gross profit margin 28.6%, down 890 bps sequentially due to inventory reserve, higher foundry cost, unfavorable mix.
- Board reaffirms remaining $37.5M stock repurchase program; activates Strategic Review Committee to explore alternatives.