---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-041145"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T08:55:34.024521+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Magnachip Q4 revenue $61M, down 44.7% YoY; full-year loss $0.18 diluted EPS

## Summary
- Q4 revenue $61.0M (near high-end of guidance) but down 44.7% YoY due to 28nm OLED wafer shortages and weak Android demand.
- Full-year revenue $337.7M, down 28.8% YoY; GAAP diluted loss per share $0.18; non-GAAP diluted EPS $0.19.
- Display Solutions segment Q4 revenue $7.6M, down 81.7% YoY; Power Solutions up 1.2% for full year.
- Gross profit margin Q4 26.4% (within guidance), full year 30.0% down 240bps due to inventory reserves.
- Management expects Display revenue recovery in H2 2023 as four design-in projects ramp.

## SEC filing metadata
- accession: 0001193125-23-041145
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312523041145/0001193125-23-041145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312523041145/d644573d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-041145
- JSON: https://secwatch.observer/filing/0001193125-23-041145.json
- Plain text: https://secwatch.observer/filing/0001193125-23-041145.txt

## Key facts
- Earnings Releases
  MAGNACHIP SEMICONDUCTOR Corp reported the fourth quarter ended December 31, 2022 results: revenue $61.0 million, net income $2,971 thousand, EPS $0.07 per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $61.0 million
  - Net income: $2,971 thousand
  - EPS: $0.07 per diluted share
  - Result: reported results
  source text: Magnachip Reports Results for Fourth Quarter and Full-Year 2022 • Fourth quarter revenue of $61.0 million was near the high-end of our guidance range.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312523041145/0001193125-23-041145-index.htm
- Earnings Releases
  MAGNACHIP SEMICONDUCTOR Corp reported the full year ended December 31, 2022 results: revenue $337.7 million, net income ($8,036) thousand, EPS ($0.18) per diluted share.
  - Period: the full year ended December 31, 2022
  - Revenue: $337.7 million
  - Net income: ($8,036) thousand
  - EPS: ($0.18) per diluted share
  - Result: reported results
  source text: Full-year revenue of $337.7 million decreased 28.8% YoY
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312523041145/0001193125-23-041145-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.