secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K/A
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001193125-22-277931
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522277931/0001193125-22-277931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522277931/d414556d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-277931

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer