secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001193125-22-214908
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q2 revenue falls 11% YoY to $101.4M; GAAP loss $0.07, non-GAAP EPS $0.23
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522214908/0001193125-22-214908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522214908/d390397d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-214908

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