Magnachip Q3 2022 revenue $71.2M; GAAP loss $0.38/sh; non-GAAP EPS $0.02; corrects 9mo 2021 non-GAAP EPS

MAGNACHIP SEMICONDUCTOR Corp

2022-Q3 EPS reported -$0.24 revenue$276,668,000

Revenue $71.2M within guidance; Display down 89% YoY due to OLED wafer shortages; Power down 4% YoY.
GAAP net loss $17.2M ($0.38 diluted) vs. net income $10.8M ($0.23 diluted) in Q3 2021.
Non-GAAP adjusted net income $1.1M; diluted EPS $0.02 vs. $0.42 in Q3 2021.
Gross margin 24.2% below guidance range due to $3.3M scrap charge; operating loss $10.0M.
Corrects 9mo 2021 non-GAAP basic EPS to $0.82 and diluted to $0.78; no other amounts changed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MAGNACHIP SEMICONDUCTOR Corp reported third quarter of 2022 results: revenue $71.2 million, net income $17,195 thousand, EPS (0.38) per diluted share.

Period: third quarter of 2022
Revenue: $71.2 million
Net income: $17,195 thousand
EPS: (0.38) per diluted share
Result: reported results

Exact text from the filing

Revenue of $71.2 million was within our guidance range.

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Source: SEC EDGAR

accession 0001193125-22-277931

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