secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001193125-22-275853
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q3 revenue $71.2M, GAAP EPS -$0.38; non-GAAP EPS $0.02
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- Revenue fell to $71.2M from $93.9M YoY; Display revenue down 89% to $6.4M due to OLED wafer shortages.
- GAAP operating loss of $10.0M vs income of $20.0M YoY; gross margin 24.2% hit by $3.3M wafer scrap charge.
- GAAP net loss $17.2M ($0.38 diluted loss); adjusted net income $1.1M or $0.02 non-GAAP diluted EPS.
- Power Solutions revenue $56.4M, down 4% YoY; Transitional Fab 3 revenue $8.4M, down 12%.
- CEO: new OLED DDIC sample released; expect mass production in 2023 and significant Display recovery.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522275853/0001193125-22-275853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522275853/d378463d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-275853

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